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 more reports of this category
by Grand View Research: https://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
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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