Shashie Pawar

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Fitness Tracker Market Latest Technology and Market Trends & Forecast – 2023

Fitness tracker or activity tracker is a device used for monitoring and tracking activities and health-related metrics such as heart rate, distance walked, sleep analysis and others. Market Research Future (MRFR) has published a detailed report asserting that the global fitness tracker market is marked to expand at a noteworthy CAGR of 13.02% during the forecast period of 2017-2023 and reach the valuation of USD 15.88 Bn by the end of the forecast period. Increasing demand for smart devices for tracking activities and health of individuals is majorly driving the global fitness tracker market. Rise in popularity of adventure sports among young population and increased reliance on smart devices for monitoring various health-related metrics are propelling the growth of the global fitness tracker market. however, concern regarding misinterpretation data due to low sensitivity of devices is likely to restrain the growth of the global fitness tracker market during the forecast period.

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