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.
U.S. enterprise wearable market, by application, 2014 - 2025 (USD Million) |
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.
Access
Full Research Report by Grand View Research: http://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 more reports of this category
by Grand View Research:
http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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
Access press release by Grand View
Research: http://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: http://www.grandviewresearch.com
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