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.
Browse full research report on Enterprise
Wearable Market:
https://www.grandviewresearch.com/industry-analysis/the-global-enterprise-wearables-market
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
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/the-global-enterprise-wearables-market/request/rs1
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
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Mexico
- Middle East &
Africa
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.
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