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The Global Watch Market stood at USD58.28 billion in 2020 and is expected to grow at a double-digit CAGR of over 12% during the forecast period.
The Global Watch Market is driven by increasing disposable income especially in developing countries and rising consumer awareness towards a fit and healthy lifestyle, thus giving boost to the wearable industry post COVID-19.
Many of the smartwatches include attributes that have been useful for sports enthusiasts as well as a shifting focus of people towards a healthy lifestyle, which will help the Global Watch Market to grow during the forecast period.