North America enterprise wearable market by technology, 2014 - 2025.

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.

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.

Comments

Post a Comment

Popular posts from this blog

Medical Device Validation & Verification Market Outlook Till, 2020-2027

The global medical device validation and verification market size is expected to reach USD 1.1 billion by 2027, expanding at a CAGR of 11.1% over the forecast period, according to a new report by Grand View Research, Inc. Download Free Sample -  https://www.radiantinsights.com/research/medical-device-validation-&-verification-market/request-sample Increase in demand for advanced and quality medical products and rising complexity with respect to product designing and engineering are anticipated to boost market growth. Rapid innovations in healthcare have increased the need for companies to incorporate new technologies and software applications in their products to meet the demand for validation and verification. Increase in product complexity, availability of newer types of material, and high risk of product failures are some of the key factors increasing the need for validation and verification services. North America dominated the global medical device validation and verificat...
Read more

Athleisure Market Product Estimates & Strategy Framework To 2022 - 2030.

The global  athleisure market  size is expected to reach USD 662.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% from 2022 to 2030. Athleisure is a popular category because it taps into several broad trends, including a global shift toward consumers wearing more casual clothing, consumers seeking comfortable clothing, and health-conscious consumers engaging in more athletic activities and requiring performance clothing for these activities. True Fit's Fashion Genome (via Direct Commerce), which analyses data from 17,000 brands and 180 million True Fit users, confirms that athleisure orders have increased by 84 percent since the pandemic began; sales of women's athleisure bottoms in the United Kingdom alone were five times higher in December 2020 than in April 2020. In addition, order volumes for men's athleisure wear sales increased by 20% from the previous year. Target's activewear line, All ...
Read more

Light Curing Coating Global Market Size Comparison, Analysis, 2020

UV light-curing equipment is ideal for industrial bonding, coating, encapsulating, and potting, as well as sealing applications. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Light Curing Coating Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). Download Free Sample Copy  -  https://www.radiantinsights.com/research/global-light-curing-coating-market-research-report-2020-2024/request-sample In this report, the global Light Curing Coating market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. The report first...
Read more