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Smartwatches will definitely overtake fitness bands, report says

February 2, 2016 at 3:10 p.m. EST
The Fitbit Blaze fitness tracker is displayed at the 2016 Consumer Electronics Show in Las Vegas this month. The company has added smartwatches to its selection of fitness bands. (David Paul Morris/Bloomberg News)

In the technology tussle for consumer wrists, it seems as though the smart money is on the smartwatch.

A new report from Gartner predicts that the wearables market will grow 18.4 percent in 2016, with sales of 274.6 million units and $28.7 billion by the end of the year. Most of that cash, analysts said, will be driven by an uptick in the sales of smartwatches, which alone are expected to pull in $11.5 billion in revenue.