Global spending on wearable tech to hit Dhs344.9b by end of 2022

DUBAI: Worldwide spending on wearable electronics will hit an approximately Dhs299.35 billion mark in 2021 and is expected to reach about Dhs344.9 billion by the end of 2022. This is largely atributed to the overwhelming demand for innovative gadgets by individuals who are highly concerned about their health and looking for upgraded means of communication during the pandemic that has hit the entire world.

In this regard, Riversong Technology, a leading Chinese consumer electronics company with its Middle East headquarters in Dubai, has plans to make significant investments on R&D to meet increased demand for wearables in the local market.

According to Haitham Kalakeche, Global CEO of Riversong Technology, “Our plan of investing on R&D will helps us in understanding what market and customers really want and so we can offer them a premium product.”

He said, “Due to the rise in demand for the smart wearables, Riversong has experienced an overwhelming increase of 30 per cent sales of wearables in 2020 as compared to the last year.

“Riversong has introduced latest wearable gadgets in the local market. The two devices are: Air Pods and Motive 2 series smartwatchs. The products are the cuting edge technology by the company that bring new and sophisticated design and extra-ordinary features. Ranked by GFK, the sales of Riversong wearables have exceeded three times in 2020 for many reasons.”