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Double-Digit Demand Growth for Wearables to Continue Through 2021

Credit union leaders should expect continued growth for wearables in the coming years.

By Tina Orem | Updated on December 22, 2017

The market for wearables is expected to post an 18.4% compound annual growth rate from 2017 to 2021, according to new data from market intelligence company International Data Corporation.

Basic wristbands such as Fitbits have been leaders in this area for some time, but Framingham, Massachusetts-based IDC said the number of watch shipments will account for much of the sector’s future growth, going from 61.5 million in 2017 to an expected 149.5 million in 2021 as fashion brands and other companies get into the game.

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Tina Orem

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