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Smart Rings Market - Industry Trends, Competitive Landscape and Forecast by 2025 Smart rings are technologically advanced wearable electronic devices that are being used for information storage and sharing. The rings are used for receiving pictures, videos, calls, storing contact information, and any other digital information that can be transferred securely from smart phones. The report states that the global smart rings market was valued at US$1.67 mn in 2016 and is expected to reach US$11.44 mn by the end of 2025, as the market is slated to register a CAGR of 24.0% between 2017 and 2025.