Statistics on Wearables [INFOGRAPHIC]

Wearable devices are growing in popularity with each passing year. Over the past five years alone, the demand has surged by more than 40%, representing a 10% steady increase every year.

These astounding numbers are due to the fact that technology is advancing and becoming more robust, making these devices must-have for end users.

Experts estimate that more than 70 million people are using wearable devices in the U.S., with more than 1 billion users embracing this technology across the globe. These insane numbers help us better understand why wearable devices like smartwatches and smart rings are the fastest growing industry in tech at the present.

Use this infographic to learn more about the most recent statistics on wearable devices. It’s packed with helpful information that you can glean to gain a better understanding of this burgeoning industry.