Global Enterprise Wearables Market Overview 2023-2028
The global enterprise wearables market size reached US$ 4.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 40.3 Billion by 2028, exhibiting a growth rate (CAGR) of 40.1% during 2023-2028.
Enterprise wearables are devices that are particularly designed for use in business and professional workplaces. They comprise smartwatches, smart glasses, barcode scanners, sensors, and global positioning system (GPS) trackers. They easily access information through connected devices and provide advanced high-end user experience to the employees while performing the tasks. As they assist in enhancing productivity, safety, efficiency, and performance of individuals in an organization, the demand for enterprise wearables is increasing across the globe.
Global Enterprise Wearables Market Trends and Drivers:
At present, the rising prevalence of chronic diseases, such as heart disorders, hypertension, and diabetes, among the population represents one of the primary factors impelling the growth of the market. Besides this, the growing adoption of enterprise wearables due to the increasing awareness about health among individuals around the world is offering a positive market outlook. Additionally, various benefits offered by enterprise wearables, such as ease of use, convenience, and flexibility are bolstering the growth of the market. Apart from this, the increasing number of mobile phone users, along with the ease of internet facilities worldwide, is offering lucrative growth opportunities to industry investors. Furthermore, the rising adoption of enterprise wearables, as they track, monitor, and store data automatically, is propelling the growth of the market.
Global Enterprise Wearables Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Adidas AG, Apple Inc., AT&T Inc., EnOcean GmbH, Eurotech S.p.A., Fossil Group Inc., Google LLC, Samsung Electronics Co. Ltd., Seiko Epson Corporation, Sony Corporation, Texas Instruments Incorporated and Xiaomi Inc.
The report has segmented the market on the basis of region, product type, technology and end user.
Breakup by Product Type:
· Wrist Wear
· Eye Wear
· Head Wear
· Others
Breakup by Technology:
· Bluetooth
· Internet of Things (IoT)
Breakup by End User:
· Manufacturing
· Healthcare
· Retail
· Aerospace and Defense
· IT and Telecom
· Others
Breakup by Region:
· North America
o United States
o Canada
· Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
· Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
· Latin America
o Brazil
o Mexico
o Others
· Middle East and Africa
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Key highlights of the report:
· Market Performance (2017-2022)
· Market Outlook (2023- 2028)
· Porter’s Five Forces Analysis
· Market Drivers and Success Factors
· SWOT Analysis
· Value Chain
· Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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