The global enterprise wearable market is expected to reach USD 22.3
billion by 2025, according to a new study conducted by Grand View Research,
Inc. The high demand for enterprise wearable devices in the Asia Pacific region
is anticipated to drive the industry growth over the next decade. The aging
population and rising chronic diseases, such as coronary heart diseases and
diabetes, in countries such as China, India, and Japan would drive the demand
for wearable technology in the region.
Industry players are investing a significantly in research &
development activities for product innovation, thus catering to the specific
needs of the enterprise industry. They are using strategies such as
acquisition, partnerships, and collaborations to maintain market competencies.
The rising enterprise applications of Virtual Reality (VR) and Augmented
Reality (AR) in the following years is expected to fuel the demand for wearable
devices, such as smart eye wear and head mounted devices. This growth in
demand may be attributed to advancements in the VR and AR technologies, which
would help increase their connectivity and enterprises’ interaction with
employees and consumers.
The increasing awareness regarding health and wellness, rising aging
population, and chronic diseases such as heart attack and diabetes, globally,
are favorable factors expected to support the demand for wearable devices over
the forecast period.
The rising demand for IoT technology, owing to its wide application in
various sectors such as healthcare, manufacturing, retail, and others, is
foreseen to drive the growth of the enterprise wearable market. The IoT
technology, along with wearable devices, would help organizations in the
development and deployment of the future generation value-added services by
utilizing user-centric data.
Full Research
Report On enterprise wearable market Analysis:
Further key findings from the study suggest:
·
The IoT technology segment is expected to
surpass the Bluetooth segment and dominate the market after 2022 as well. This
growth may be attributed to the expected rise of widespread real-time
applications of IoT technology in different industries globally over the next
decade.
·
The demand for head wear devices is
expected to gain momentum over the forecast period owing to their prospective
applications in highly developing technologies such as VR and AR
·
The Asia Pacific region is predicted to
emerge as the fastest growing market owing to a significant rise in the number
of adopters of medical wearable devices for monitoring bodily conditions, such
as glucose level, heart condition, temperature, sleep, and others, in countries
such as China and India
·
Prominent vendors operating in the market
include Fitbit Inc., Apple Inc., Alphabet Inc., Xiaomi Inc., Samsung
Electronics Co. Ltd., Eurotech SpA, Adidas AG, and Seiko Epson Corporation
·
The increased focus on research and development
activities for new product developments and upgrades of existing products to
meet industry demands are the key trends adopted by industry player
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Grand View Research has segmented the global enterprise wearable market
on the basis of technology, product, application, and region:
Technology Outlook (Revenue,
USD Million; 2014 - 2025)
·
IoT
·
Bluetooth
·
Bluetooth Low Energy (BLE)
Product Outlook (Revenue, USD
Million; 2014 - 2025)
·
Wrist-wear
·
Foot wear
·
Eye wear
·
Arm wear
·
Head wear
Application Outlook (Revenue,
USD Million; 2014 - 2025)
·
Infotainment
·
Healthcare
·
IT & telecom
·
Others
Regional Outlook
(Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o China
o Japan
o India
·
Latin America
o Brazil
o Mexico
·
Middle East & Africa
Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-enterprise-wearables-market
https://www.grandviewresearch.com/press-release/global-enterprise-wearables-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/