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Latest report: smart rings market analysis valued at US$ 1.67 m

Industrial Market Research

The smart ring is a type of wearable electronic device with the capability to connect with smartphones and other smart gadgets.

According to a new market research report published by Credence Research “Smart Rings Market Make an Inquiry about this news (By Technology: Bluetooth and NFC) – Growth, Future Prospects, and Competitive Landscape, 2017-2025”, smart rings market was valued at US$ 1.67 Mn in 2016 and is expected to grow at a CAGR of 18.9% during the forecast period from 2017 to 2025

Market Insights
Modern day electronics have changed the definition of connectivity. Gadgets such as smartphones and wearable devices have opened new avenues in real-time connectivity.

In present times, a variety smart wearable are available for multiple applications such as health and fitness tracking, online payments, user identification, access control and information sharing, among others. The smart ring is one such wearable device which has gained popularity in recent times.