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Customer uses Apple Pay system with Apple Watch to pay in a shop. (Source: Shutterstock)

The global market for wearable devices including smart assistants and wireless headphones is expected to spike by 15.3% this year, according to new data from International Data Corporation (IDC), and mobile payments may be fueling some of that growth.

IDC said it expected the wearable device market to include 198.5 million units by the end of 2019 and 279 million units by the end of 2023. Watches, ear-worn devices and wristbands will power much of the market’s anticipated 8.9% compound annual growth, the company noted. Connected clothing is also making headway. Many wearables, especially watches, have digital payment capabilities.

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Tina Orem

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