Press release
Body Area Network Market Key Players & Growth Rate and Forecasts to 2028
The body area network market will exhibit a CAGR of 12.10% for the forecast period of 2021-2028. Therefore, the body area network market would stand tall by USD 24.75 billion by 2028.Body area network refers to the wireless network technologies that are used in combination with the wearable technologies. Body area network is a device placed on the human body or over the surface that is mounted over the body. This helps in the transmission and exchange of data produced by the wearable devices.
Rising focus on the adoption of advanced technologies in manufacturing the wearable devices will emerge as the major body area network market growth driving factor. Growing digitization of emerging economies like India and China and rising awareness in regards to maintaining physical fitness will further aggravate the body area network market value. Growing initiatives and policies by the government to support digital healthcare and growing availability of low cost fitness devices will further carve the way for the growth of the body area network market.
However, concerns in regards to security and privacy will act as a growth restraint for the body area network market. Overeating, battery and noise- interference issues will further dampen the body area network growth rate of the market. Dearth of technical expertise in the underdeveloped economies is another body area network market growth restraint.
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Global Body Area Network Market: Major Players
IBM Corporation
Renesas Electronics Corporation
Garmin
General Electric Company (GE)
Ericsson Ab
Apple Inc.
Fitbit
Jawbone Inc
Telefonica SA
Google Inc
ST Microelectronics
Fujitsu Limited
Intel Corporation
Abbott Laboratories
Bluetooth SIG
Global Body Area Network Market: By Types
Bluetooth
Wi-Fi
ZigBee
Others
Global Body Area Network Market: By Applications
Healthcare
Sports
Others
Global Body Area Network Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Body Area Network market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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