Global Enterprise Wearables Market (2020 to 2025) - COVID-19 Impact - ResearchAndMarkets.com

DUBLIN--()--The "Enterprise Wearables Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The wide adoption of Bring Your Own Devices (BYOD), which have successfully been adopted by IT companies, is likely to increase the demand for smart wearables. Several progressive organizations are utilizing wearable devices in the professional space, which is expected to improve operational effectiveness. Watches, glasses, and body monitors tend to serve as effective devices for workplace applications. The trend to enable the employee to bring their own wearables to the workplace will eventually lead to the overall boost productivity. A few IT organizations are promoting the use of customized devices along with BYOW, which further leads to market growth.

The increased awareness of smart apparel to improve working conditions and safety levels among workers is driving the market. Oil & gas industries serve as the forerunner and the ideal end-users for the use of smart clothing. For instance, BP is making efforts to develop a wearable jacket with sensors to monitor the physical movement of the employee and train the personnel through remote guidance features. By leveraging wireless connectivity, sensors, AI technology, and wearing enhancements, the smart clothing segment is expected to witness a surge in demand from oil & gas, mining industries. Therefore, the growing responsiveness to the safety and security of workers will serve as a major factor driving demand for smart clothing for enterprises.

The following factors are likely to contribute to the growth of the enterprise wearables market during the forecast period:

  • Growth in Bring Your Own Wearable
  • Development of Smart Clothing
  • Growth in Need for Tracking Workplace Wellness
  • Increased Adoption of IoT in Enterprises

The study considers the present scenario of the enterprise wearables market and its market dynamics for the period 20192025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

This research report includes a detailed segmentation by Product Type, End-user, Connectivity, and Geography. Wrist wears were the dominant segment in the enterprise wearables market in 2019, and the segment expected to sustain its position during the forecast period. As wristwatches and fitness trackers are utilized to monitor health, fitness, heart rates, attendance, authorization, and biometric procedures, the scope and potential for the end-user are high across industries. Further, the presence of a significant number of players with affordable products is fueling the demand in the market. As the gadget is no longer seen as a fashion statement, the competition is gaining momentum based on the technological edge. North America was estimated as the largest wristwear market in 2019, which is closely followed by Europe and APAC.

Key Vendors

  • Google
  • Samsung
  • Microsoft
  • Vuzix
  • Apple

Other Prominent Vendors

  • Xiaomi
  • Seiko Epson
  • Pico
  • RealWear
  • Recon
  • Optivent
  • Osterhout Design Group (ODG)
  • North
  • Nymi
  • SmartCap
  • DAQRI
  • Dynabook Inc.
  • Pro Glove
  • Motorola
  • Sony
  • Pivothead
  • Wisewear
  • Zebra Technologies
  • Withings
  • Ellice Healthy
  • Fujitsu

Key Market Insights

  • Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market.
  • Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
  • Delivers a complete overview of segments and the regional outlook of the market.
  • Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.

Market Dynamics

Opportunities & Trends

  • Bring Your Own Wearable (BYOW)
  • Growth in Smart Clothing

Growth Enablers

  • Need for Tracking Workplace Wellness
  • Growth in Wearable Technology Solutions
  • Rise in Adoption Of IoT In Enterprises

Restraints

  • Data Privacy And Security In Workplace
  • High Cost Of Wearables
  • Safety Regulations On Wearable Technology

For more information about this report visit https://www.researchandmarkets.com/r/tcmbjq

Contacts

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Laura Wood, Senior Press Manager
press@researchandmarkets.com
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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900