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Industry Insight
Wearable electronic devices are integrated with highly developed electronic technologies
attached or worn to the human body allowing mobile computing and wireless networking. They
work simultaneously with human actions and are connected to smart applications in a network.
This technology has possible for growth as it makes daily tasks easier and enhances customer
experience. Increased popularity of numerous applications served such as advertising,
infotainment, running (navigation) and cycling, surgery, label reader, telemedicine, accessing
patient records, project planning, sports brain, remote patient monitoring and among others. The
use of cloud computing and Internet of Things (IoT) is also anticipated to enhance the market
growth. These technologies are used for remote track incidents like mountain expeditions,
natural disasters, etc. Lack of privacy and high costs are some of the factors that restrain market
growth.
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