NEW YORK—The market for wearable digital technology is taking off. Market revenue was expected to reach $8.3 billion in 2018 and grew at an estimated compound annual growth rate of more than 17% from 2013 to 2018, Forbes reported.
It shows no signs of slowing down, with 31.4% growth in quarter four of 2018 and 27.5% more devices shipped than in 2017.
“Wearables represent an enormous opportunity in banking and are likely to revolutionize the industry over the next decade,” Forbes said.