The Global Enterprise Wearable Market was anticipated to grow at a significant CAGR during the forecast period 2024-2031. The enterprise wearable is technology-based devices and equipment that are designed to enable productivity and performance with advanced hi-Tec end-user experience provided by the industries. These wearable devices are applicable to access the information with connected devices, activity tracking and automatic storage function that enhance the employees experience while performing the task.
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The increasing healthcare awareness, rise in mobile penetration, ease of use, convenience and flexibility are major factors that are contributing to drive the market growth of the global enterprise wearable market. The rising ageing population and chronic diseases demand wearable devices such as in heart attack and diabetes the need for wearable devices increases to monitor the status of health. These results raise the market size, shares and revenues of the enterprise wearable market. The rising demand for IoT technology and increasing demand for BYOD are additional factors that are subjected to propelling the growth of the global enterprise wearable market during the forecast period.
In the healthcare sector, the demands for wearable devices are increasing gradually to monitor chronic diseases including diabetes and heart attack. This rising demand for enterprise wearable devices in the healthcare sector will positively impact the growth of the global enterprise wearable market.
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Market Coverage
- Segment Covered-
o By Technology
o By Product
o By Application
- Competitive Landscape- Alphabet Inc., Samsung Electronics Co. Ltd., Adidas AG, Xiaomi Inc., Eurotech S.p.A, Apple Inc. and Seiko Epson Corporation.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Enterprise Wearable Market by Segment
By Technology
- Bluetooth
- IoT
- BLE
By Product
- Wristwear
- Footwear
- Eyewear
- Others
By Application
- Infotainment
- Healthcare
- IT & Telecom
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