PUNE, India, February 9, 2023 (GLOBE NEWSWIRE) — The wearable technology market is a fast growing industry with a lot of potential for future growth. Technological developments are helping to shape the future of wearable technology and driving the growth of the market. The rising awareness and focus on health is driving the global demand in the market. As the technology continues to advance, the market share will increase rapidly in the projected years. Fortune Business Insights covers the detailed forecast in a report titled Wearable Technology Market Forecast, 2023-2030.

Get a free sample PDF of the report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/wearable-technology-market-106000

Wearable technology is commonly known as wearables. They are electronic products or devices that are hands-free and can be worn as accessories. The advanced device is microprocessor driven and can send and receive data over the internet. In addition, it has practical applications on a real-time basis. The global wearable technology market size is set to increase due to the increasing popularity of the Internet of Things (IoT) and rising incidence of obesity and chronic diseases.

Notable industry developments:

Shimmer Research has released Verisense Pulse+. It’s a new sensor for the Verisense platform. Photoplethysmogram (PPG), Inertial Measurement Unit and Galvanic Skin Response (GSR) are all included in Verisense Pulse+ (IMU).

List of Key Players Mentioned in the Report:

• Rockwell Automation
• STMicroelectronics
• ON semiconductor
• micron optics

Factors affecting Wearable Technology Market growth (2023-2030):

• Growing Awareness of Health and Fitness: As the focus on health and wellness increases, people are becoming more interested in wearable technology devices that can help them track their fitness and wellness metrics.
• Technological advances: Advances in technology are making wearable devices more sophisticated and easier to use, which makes their…