The global smart rings market is likely to be worth US$11.44 mn by the end of 2025 from US$1.67 mn in 2016. During the forecast years of 2017 and 2025, the global market is expected to progress at a CAGR of 24.0%. Out of the three operating systems, the android operating system segment held a dominant share in the global market. This segment is expected to acquire a share of 57% in the global market by the end of 2025 due to the growing popularity of android smartphones. 

The global smart rings market has been flourishing due to major advancements in technologies such as Internet of Things (IoT) and its acceptance. The new-age smartphones that come with smart watches and rings for receiving emails, messages, phone calls, and notification about posts on social networking sites have augmented the growth of the global market. The incredible support offered by IoT to these functionalities has been a great boon to the global market. 

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The growing disposable income of the younger population and the increasing awareness about better technologies have been instrumental in shaping the future of the global smart rings market. Analysts anticipate that demand for smart rings will remain persistent in the healthcare sector. Both patients and physicians are expected to show a significant demand for smart rings are these held in monitoring heart beats, pulse rates, and blood pressure levels, which could be signs and symptoms of a larger ailment. The increasing health risks due to poor lifestyles have augmented the demand for smart rings to ensure prevention instead of cure.