Global Enterprise Wearable Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global enterprise wearable market in its upcoming report titled, “Global Enterprise Wearable Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global enterprise wearable market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global enterprise wearable market report has been segmented on the basis of product, technology, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Enterprise wearables transformed traditional working process by providing high-end functionality to track, monitor, access information, and store automatically through connected devices such as smart glasses and helmets, cards, tech-enabled lanyards, and wireless headsets. Organization handles corporate wellness, workforce authentication, field management, access ERP system, and mobile workforce management through enterprise wearables devices.

Increasing demand for IoT technology and wearable devices in various industries such as IT and telecom, retail, manufacturing, and healthcare is a key factor expected to drive growth of the global market over the forecast period. In addition, innovation in sensor technology and its various application in wearable devices are other factors expected to fuel growth of the target market.

However, high cost of enterprise wearables devices and rising concern over data security among companies are major factors expected to restrain growth of the global market over the forecast period. In addition, increasing threat of cyberattacks targeting organizations through IoT wearable devices such as fitness trackers and smartwatches is another factor expected to hamper growth of the target market in the near future.

Ongoing trend observed in the target market is increasing preference towards upgrading existing products and infrastructures to meet industry demand, which is also expected to boost demand for enterprise wearables.

Advancements in bio-sensing technology is expected to help key players to expand companies scope in healthcare application to monitor health parameters, such as body temperature, heart rate, oxygen levels, etc. In addition, increasing investment in R&D activities by manufacturers for innovative products development is expected to create lucrative opportunities for players operating in the target market over the forecast period.

The market in North America dominates the target market in terms of revenue over the forecast period, owing to technological advancements, increasing demand for smartphones, rising adoption of IoT wearables across various industries in countries in the region. The market in Asia Pacific is expected to register fastest growth in terms of revenue over the forecast period, owing to increasing incidence of chronic diseases such as diabetes and heart diseases and increasing demand for wearable technology in developing countries such as India, China, and Japan in the region.

Global enterprise wearable market segmentation:

Segmentation by Product:

• Wrist-wear
• Eyewear
• Headwear
• Others (Footwear, Arm wear)

Segmentation by technology:

• Bluetooth
• Internet of Things (IoT)
• Bluetooth low energy (BLE)

Segmentation by Application:

• Infotainment
• Healthcare
• IT and Telecom
• Others (Manufacturing, Retail, Aerospace and Defense)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa