Wearable Technology Market size is forecast to reach $60.4 billion by 2026, after growing at a CAGR of 9.9% during 2021-2026. The increasing demand for wearable devices for various applications such as medical, infotainment, fitness tracking, and so on is the major reason for the growth of the Wearable Technology market. In addition, the rising use of smartwatch phones, wearable electronics such as smart clothing, smart jewellery and so on are also driving the need for wearable devices enhancing the wearable technology market growth.