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Amid the COVID-19 crisis, the global market for Smart Rings estimated at US$3.4 Million in the year 2020, is projected to reach a revised size of US$12.6 Million by 2027, growing at a CAGR of 20.8% over the period 2020-2027.
Bluetooth-based Smart Rings, one of the segments analyzed in the report, is projected to record 18.3% CAGR and reach US$7.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the NFC-based Smart Rings segment is readjusted to a revised 25.1% CAGR for the next 7-year period.