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Answer :
Mobile apps and wearable technology are two categories that take a significant share of the multiplier market, but there are several other categories that also play an important role in supporting and enhancing the personal technology experience.
Category that takes a significant share of multiplier market is mobile apps. They have become a ubiquitous part of the personal technology experience, providing users with everything from entertainment and social media to productivity tools and financial management.
The personal technology market has given rise to a multiplier market, which encompasses the supporting and peripheral economy. This market includes everything from accessories like cases, headphones, and screen protectors to software, apps, and services that enhance the functionality of personal devices.
According to Statista, in 2020, there were over 218 billion mobile app downloads worldwide, and this number is expected to continue to grow.Another category that takes a significant share of the multiplier market is wearable technology.
Wearable technology includes smartwatches, fitness trackers, and other devices that can be worn on the body. These devices have become increasingly popular in recent years, as consumers seek to track their health and fitness goals and stay connected to their digital lives. According to IDC, the global wearable market is expected to reach 396 million units shipped by 2022, up from 125 million in 2018.
Other categories that take a significant share of the multiplier market include mobile accessories, mobile payments and financial services, and mobile advertising.
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