The Enterprise
Wearable Market report discusses the
primary market growth drivers and challenges that the vendors and the market as
a whole face and provides an overview of the key trends emerging in the market.
It also talks about the market size of different segments and their growth
aspects along with key leading countries in Americas, Asia-Pacific, Europe, the
Middle East, and Africa regions.
Global
enterprise wearable market is anticipated to reach 22.3 billion by 2025 owing
to the increasing use of wearable devices by geriatric population due to
chronic disorders and growing demand from emerging economies of Asia Pacific
region. Enterprise wearables are the wearable consumer gadgets used in
industries like healthcare and medical, wellness and fitness, infotainment,
industrial & military, etc. In healthcare and medical segment, they monitor
vital body signs for probable disorder, in military and industrial purposes,
they monitor activities & augment senses. They are also used for advanced
lifestyle purposes or entertainment.
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Some of the
major objectives of this report:
1. To provide
detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the global Enterprise Wearable Market.
2. To provide
insights about factors affecting the market growth. To analyze the Enterprise
Wearable Market based on various factors- price analysis, supply chain
analysis, porter five force analysis etc.
3. To provide
historical and forecast revenue of the Enterprise Wearable Market segments and
sub-segments with respect to four main geographies and their countries- North
America, Europe, Asia, and Rest of the World.
4. Country
level analysis of the market with respect to the current market size and future
prospective.
5. To provide
country level analysis of the market for segment by application, product type
and sub-segments.
6. To provide
strategic profiling of key players in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market.
7. Track and
analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the global Enterprise Wearable Market.
Enterprise
wearable market is witnessing growth due to the introduction of modern
technologies like non-invasive glucose monitoring devices for medical, smart
glasses & watches, and wide availability of products from leading
manufacturers. The adoption of consumer medical devices is growing due to
increasing awareness about health, which increases the demand for enterprise
wearables, thereby encouraging enterprise wearable industry. Also, the growing
demand of enterprise wearables for heads-up displays in production areas,
hand-worn terminals in warehousing & logistics, smart clothing for tracking
location, and detecting industrial gases is stimulating the market growth of
enterprise wearable.
However,
factors like lack of efficient products, poor user compliance, and lack of
enhanced experience are hampering enterprise wearables market. High energy
consumption and limited battery life are another restraining factors of the
market. Device protection and need for thermal consideration are few challenges
for enterprise wearables industry.
Enterprise
wearable market is categorized on the basis of product type, technology, end
user, and geography. On the basis of product type, the market is divided into
eye wear, wrist wear and head wear, and others. Head wear segment is projected
to register significant growth due to its increasing use in progressing
technologies like AR and VR. Based on technology, enterprise wearable industry
is divided into IoT (Internet of Things) and Bluetooth technology. IoT segment
holds larger market share of enterprise wearable due to growing expected applications
of real-time IoT in various technologies.
On the basis
of end user, enterprise wearables market is divided into healthcare, retail,
manufacturing, defense, aerospace, and others. Owing to the increasing spending
power of consumers and growing healthcare awareness, healthcare segment is
expected to dominate the market of enterprise wearables in terms of revenue in
the coming years.
Geographically,
enterprise wearable industry is segmented as North America, Latin America,
Europe, Asia Pacific and Middle East & Africa. Asia Pacific is predicted to
lead the market of enterprise wearable owing to the increasing adoption of
wearable devices for healthcare purposes. The prominent players in enterprise
wearables industry are Apple Inc., Adidas AG, Samsung Electronics Co. Ltd,
Alphabet Inc., Xiaomi Inc. Seiko Epson Corporation, Misfit Inc., Eurotech
S.p.A, Fitbit Inc. and Sony Corporation.
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