Enterprise Wearables Market by Product Type (Wrist Wear, Eye Wear, Head Wear, and Others), Technology (Bluetooth and Internet of Things [IoT]), by End User (Manufacturing, Healthcare, Retail, Aerospace & Defense, and Others)

According to a recent report published by Allied Market Research, titled, Enterprise Wearable Market by Product Type, Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global enterprise wearables market was valued at $3,232 million in 2016, and is projected to reach at $32,418 million by 2023, growing at a CAGR of 38.8% from 2017 to 2023.

North America is expected to lead the global enterprise wearable market throughout the forecast period followed by Europe. Furthermore, in 2016 Japan dominates the enterprise wearables market in Asia-Pacific. Similarly, the U.S. dominates the enterprise wearables market in North America and Germany leads the enterprise wearables market in Europe.

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North America dominates this market presently, followed by Europe. In 2016, China dominated the market in Asia-Pacific; similarly, Germany led the overall market in the European region. At present, the U.S. dominates the market in North America.

Rise in healthcare awareness and increase in mobile penetration drive the demand for the enterprise wearables market. Further, the benefits such as ease of use, flexibility, and convenience fuels the market growth rate. However, high cost of enterprise wearables and rising data security and privacy concern impedes the market growth.

In 2016, the Bluetooth technology segment dominates the global enterprise wearables in technology segment, in terms of revenue. However, based on product type, wrist wear and head wear leads the global market followed by eye wear in year 2016.

Healthcare segment leads the enterprise wearables market by end user in 2016 in terms of revenue. However, aerospace & defense segment is anticipated to depict highest CAGR throughout the forecast period.

Increase in concern of health and wellness, growth in internet and mobile penetration, rise in concern related to data security, and high cost of enterprise wearables impact the growth of the global enterprise wearables market. These factors are anticipated to either drive or hamper the market growth.

Rise in chronic diseases such as coronary heart diseases, diabetes, and others increases the demand for enterprise wearables toward growth. Aging population and hectic work schedule are more prone to cause these diseases. Thus, to stay fit, there is an increase in concern toward health and wellness owing to the benefits of wearable such as convenient tracking of data, health, and exercise habits for overall well-being.

Mobile devices sales and penetration grows rapidly owing to the increase in acceptance of BYOD among organizations. The variety of services, applications, and functions available on mobile devices leads to large amount of data being stored on devices and transferred to and from devices; which drives the demand of mobile. In addition, increase in synchronization of fitness and medical hardware with a mobile app rather than traditional website to collect data on a continuous basis such as heart rate, weight, and others fuels the growth of the enterprise wearables market.

Enterprise wearables have transformed the traditional working process as it track, monitor and store data automatically through its devices such as smart glasses & helmets, tech-enabled lanyards, cards, and wireless headsets among others. However, data security concern related to data access from Bluetooth networks and Internet of Things (IoT) is expected to hinder the market growth. Further, the increase in threat of cybercriminals targeting organizations through IoT devices, such as smart watches or fitness trackers is expected to limit growth in the coming years.

LIST OF TABLES

TABLE 1. GLOBAL ENTERPRISE WEARABLES MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 2. ENTERPRISE WEARABLES MARKET FOR WRIST WEAR, BY REGION, 2016-2023 ($MILLION)
TABLE 3. ENTERPRISE WEARABLES MARKET FOR EYE WEAR, BY REGION, 2016-2023 ($MILLION)
TABLE 4. ENTERPRISE WEARABLESMARKET FOR HEAD WEAR, BY REGION, 2016-2023 ($MILLION)
TABLE 5. ENTERPRISE WEARABLESMARKET FOR OTHERS, BY REGION, 2016-2023 ($MILLION)
TABLE 6. GLOBAL ENTERPRISE WEARABLES MARKET, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 7. ENTERPRISE WEARABLES MARKET FOR BLUETOOTH, BY REGION, 2016-2023 ($MILLION)
TABLE 8. ENTERPRISE WEARABLESMARKET FOR INTERNET OF THINGS, BY REGION, 2016-2023 ($MILLION)
TABLE 9. GLOBAL ENTERPRISE WEARABLESMARKET, BY VEHICLE TYPE, 2016-2023 ($MILLION)
TABLE 10. ENTERPRISE WEARABLES MARKET FOR MANUFACTURING, BY REGION, 2016-2023 ($MILLION)
TABLE 11. ENTERPRISE WEARABLESMARKET FOR HEALTHCARE, BY REGION, 2016-2023 ($MILLION)
TABLE 12. ENTERPRISE WEARABLESMARKET FOR RETAIL, BY REGION, 2016-2023 ($MILLION)
TABLE 13. ENTERPRISE WEARABLESMARKET FOR AEROSPACE & DEFENSE, BY REGION, 2016-2023 ($MILLION)
TABLE 14. ENTERPRISE WEARABLESMARKET FOR OTHERS, BY REGION, 2016-2023 ($MILLION)
TABLE 15. ENTERPRISE WEARABLES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 16. NORTH AMERICA ENTERPRISE WEARABLES MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 17. NORTH AMERICA ENTERPRISE WEARABLES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 18. EUROPE ENTERPRISE WEARABLES MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 19. EUROPE ENTERPRISE WEARABLES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 20. ASIA-PACIFIC ENTERPRISE WEARABLESMARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 21. ASIA-PACIFIC ENTERPRISE WEARABLES MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 22. LAMEA ENTERPRISE WEARABLESMARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 23. LAMEA ENTERPRISE WEARABLES MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 24. ADIDAS: COMPANY SNAPSHOT
TABLE 25. ADIDAS: OPERATING SEGMENTS
TABLE 26. ADIDAS: PRODUCT PORTFOLIO
TABLE 27. ALPHABET: COMPANY SNAPSHOT
TABLE 28. ALPHABET: OPERATING SEGMENTS
TABLE 29. ALPHABET: PRODUCT PORTFOLIO
TABLE 30. APPLE INC: COMPANY SNAPSHOT
TABLE 31. APPLE: OPERATING SEGMENTS
TABLE 32. APPLE: PRODUCT PORTFOLIO
TABLE 33. EUROTECH: COMPANY SNAPSHOT
TABLE 34. EUROTECH: OPERATING SEGMENTS
TABLE 35. EUROTECH: PRODUCT PORTFOLIO
TABLE 36. FITBIT: COMPANY SNAPSHOT
TABLE 37. FITBIT: OPERATING SEGMENTS
TABLE 38. FITBIT: PRODUCT PORTFOLIO
TABLE 39. FOSSIL GROUP: COMPANY SNAPSHOT
TABLE 40. FOSSIL GROUP: OPERATING SEGMENTS
TABLE 41. FOSSIL GROUP: PRODUCT PORTFOLIO
TABLE 42. SAMSUNG: COMPANY SNAPSHOT
TABLE 43. SAMSUNG: OPERATING SEGMENTS
TABLE 44. SAMSUNG: PRODUCT PORTFOLIO
TABLE 45. EPSON: COMPANY SNAPSHOT
TABLE 46. EPSON: OPERATING SEGMENTS
TABLE 47. EPSON: PRODUCT PORTFOLIO
TABLE 48. SONY: COMPANY SNAPSHOT
TABLE 49. SONY: OPERATING SEGMENTS
TABLE 50. SONY: PRODUCT PORTFOLIO
TABLE 51. XIAOMI: COMPANY SNAPSHOT
TABLE 52. XIAOMI: OPERATING SEGMENTS
TABLE 53. XIAOMI: PRODUCT PORTFOLIO

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