Industry Background:
Rapid Adoption due to widely use to increases the employees productivity and enhances its performance and increasing demand of glucose monitoring devices for medical industry will help to boost global enterprise wearable market. Enterprise wearables device is the technology that allows businesses to deliver advanced high-end user experience to their workforces while performing the jobs. It helps to access information via connected devices, automatic storage, and activity tracking, which upsurges the employee’s efficiency and improves its performance. Enlargement in the bio-sensing technology is help to expand scope in the healthcare application.
According to AMA, the market for Enterprise Wearable is expected to register a CAGR of 38.2% during the forecast period to 2026. This growth is primarily driven by High Adoption in IT & Telecom Sector for Security Access and Rising Dependability Due To Use in Healthcare Applications Such As Bio-Sensing Technology.
Globally, a noticeable market trend is evident Growing Demand Due To Innovations in Sensor Technology and Its Application
. The Business Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Apple Inc. (United States), Alphabet Inc. (United States), Adidas AG (Germany), Eurotech S.p.A (Italy), Fitbit Inc. (United States), Samsung Electronics Co. Ltd (South Korea), Sony Corporation (Japan), IBM (United States), Seiko Epson Corporation (Japan) and Xiaomi Inc. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
6th March 2019, Fitbit, the leading global wearables brand, has launched four new products Fitbit Versa Lite Edition™, Fitbit Inspire HR™, Fitbit Inspire™ and Fitbit Ace 2™. This products are designed to make health and fitness accessible to more consumers all around the world.
On 19th September 2018, Fitbit the leading global wearables brand has launched Fitbit Care™, a connected health platform for health plans, employers, and health systems that combines health coaching and virtual care through the new Fitbit Plus™ app, Fitbit’s innovative wearable devices and self-tracking and personalized digital interventions to help improve wellness, disease management and prevention.
Market Drivers
- High Adoption in IT & Telecom Sector for Security Access
- Rising Dependability Due To Use in Healthcare Applications Such As Bio-Sensing Technology
Market Trend
- Growing Demand Due To Innovations in Sensor Technology and Its Application
- Up Surging Demand Due To Use of Internet of Thing (IoT) Technology in Different Sectors
Restraints
- Improved Complexities in IT
- High Cost of Enterprise Wearables
Opportunities
Fueling Applications of VR and AR Technology in Various Industrial Sectors and Escalation in Demand for Enterprise Wearables in Developing Countries
Challenges
Increasing Concern among Establishments about Data Security and Privacy
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Enterprise Wearable Study Sheds Light on
The Enterprise Wearable Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Enterprise Wearable industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Enterprise Wearable industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.