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 Global Enterprise Wearable Market Analysis:
www.grandviewresearch.com/industry-analysis/the-global-enterprise-wearables-market
www.grandviewresearch.com/industry-analysis/the-global-enterprise-wearables-market
Further
key findings from the report 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
View more
reports of this category by Grand View Research at:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-enterprise-wearables-market
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: www.grandviewresearch.com
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