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.
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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.
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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Key Topics Covered
Table of Content
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
1.4 Executive Summary
Chapter 2 Market Snapshot
2.1 Enterprise Wearable – Market Snapshot & Key Buying Criteria, 2014 – 2025
Chapter 3 Enterprise Wearable Industry Outlook
3.1 Market Segmentation
3.2 Enterprise Wearable – Market Size and Growth Prospects
3.3 Enterprise Wearable Components
3.4 Enterprise Wearable – Value Chain Analysis
3.5 Market Dynamics
3.5.1 New user interface for enterprise wearables
3.5.2 Market driver analysis
220.127.116.11 Potential use of wearable devices in various enterprises
18.104.22.168 Growing IoT application in various enterprises
22.214.171.124 Increasing demand for wearables in the Asia Pacific region
126.96.36.199 Next generation computing environment for enterprises by using the advanced mixed reality technology
3.5.3 Market restraint analysis
188.8.131.52 Hindrance in the widespread adoption of wearables at the enterprise level
3.6 Industry Analysis – Porter’s
3.7 Penetration & Growth Prospect Mapping
3.8 Enterprise Wearable – Key Company Analysis, 2015
3.9 Enterprise Wearable – PESTEL Analysis
Chapter 4 Enterprise Wearable Market: Technology Estimates & Trend Analysis
4.1 Enterprise Wearable Market: Technology Movement Analysis
184.108.40.206 Global IoT market by application, 2014 – 2025
220.127.116.11 Global Bluetooth market by application, 2014 – 2025
18.104.22.168 Global BLE market by application, 2014 – 2025
Chapter 5 Enterprise Wearable Market: Product Estimates & Trend Analysis
5.1 Enterprise Wearable Market: Product Movement Analysis
5.1.1 Wrist watch
22.214.171.124 Global wrist-wear market by application, 2014 – 2025
5.1.2 Foot wear
126.96.36.199 Global footwear market by application, 2014 – 2025
5.1.3 Eye wear
188.8.131.52 Global eyewear market by application, 2014 – 2025
5.1.4 Arm wear
184.108.40.206 Global arm wear market by application, 2014 – 2025
220.127.116.11 Global headwear market by application, 2014 – 2025
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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