Global Wearable Electronics Market 2020-2024 to Post a Progressing CAGR of 15% | Technavio Global Wearable Electronics Market 2020-2024 to Post a Progressing CAGR of 15% | Technavio Technavio has been monitoring the wearable electronics market and it is poised to grow by USD 41.24 billion during 2020-2024, progressing at a CAGR of 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acer Inc., Apple Inc., ASUSTeK Computer Inc., Huawei Investment & Holding Co. Ltd., Lenovo Group Ltd., LG Electronics Inc., Microsoft Corp., Samsung Electronics Co. Ltd., Sony Corp., and Xiaomi Group are some of the major market participants. Although the rising digitization of the global economy will offer immense growth opportunities, Increasing concerns over data security and privacy will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.