Global Enterprise Wearables Market Size Study, by Product Type, by Technology, by End User, and Regional Forecasts 2022-2032

Description

Global enterprise wearables market is valued at approximately USD 32.06 billion in 2023 and is anticipated to grow with a robust CAGR of around 38.8% over the forecast period 2024-2032. Enterprise wearables refer to wearable devices used within industries to enhance employee productivity, streamline operations, and facilitate seamless access to information. These devices enable employees to perform tasks more efficiently by connecting them to enterprise resource planning (ERP) systems, automating data storage, and tracking activities. The growing convergence of technologies, coupled with the rise in internet mobility, has significantly contributed to the increasing adoption of enterprise wearables.

The market is driven by several factors, including the growing awareness of health and wellness, the rise in internet and mobile penetration, and the benefits that enterprise wearables offer in terms of ease of use, flexibility, and convenience. The increasing prevalence of chronic diseases such as coronary heart disease and diabetes has heightened the demand for health and wellness solutions, which is fueling the growth of enterprise wearables. These devices allow users to monitor their health and exercise habits conveniently, thereby promoting overall well-being.

Moreover, the rapid growth in mobile device sales, spurred by the acceptance of BYOD (Bring Your Own Device) policies among organizations, has further bolstered the demand for enterprise wearables. The synchronization of fitness and medical hardware with mobile apps, rather than traditional websites, for continuous data collection-such as heart rate monitoring-has significantly contributed to the market's expansion.

However, the market is not without its challenges. Concerns about data security, particularly related to data access through Bluetooth networks and IoT devices, pose significant risks. Additionally, the high cost of enterprise wearables, with premium products like Microsoft HoloLens and Sony SmartEyeglass priced in the upper range, has limited their mass adoption. Despite these challenges, the market is poised for substantial growth, especially in emerging markets like China, India, and Brazil, where increasing health and wellness awareness is creating ample growth opportunities.

Regionally, North America dominates the enterprise wearables market, driven by its advanced technological infrastructure and high adoption rate of innovative products. Also, strong growth in sectors like manufacturing and healthcare is further driving the market growth. The Asia-Pacific region, however, is expected to witness the fastest growth, propelled by the rapid industrialization, increasing internet penetration, and rising awareness of health and wellness in countries like China and India.

Major market players included in this report are:

Fitbit, Inc.
Sony Corporation
Xiaomi Inc.
Apple Inc.
Alphabet Inc.
Fossil Group, Inc. (Misfit, Inc.)
Seiko Epson Corporation
Samsung Electronics Co. Ltd.
Adidas Ag
Eurotech S.P.A

The detailed segments and sub-segment of the market are explained below:

By Product Type

Wrist-wear
Eye wear
Head wear
Others

By Technology

Bluetooth
Internet of Things (IoT)

By End User

Manufacturing
Healthcare
Retail
Aerospace & Defense
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Enterprise Wearables Market Executive Summary

1.1. Global Enterprise Wearables Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Technology
- 1.3.3. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Enterprise Wearables Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Enterprise Wearables Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Awareness of Health and Wellness
- 3.1.2. Growth in Internet and Mobile Penetration
3.2. Market Challenges
- 3.2.1. Data Security and Privacy Concerns
- 3.2.2. High Cost of Enterprise Wearables
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets
- 3.3.2. Technological Innovations in Wearable Devices

Chapter 4. Global Enterprise Wearables Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Enterprise Wearables Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global Enterprise Wearables Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Wrist-wear
- 5.2.2. Eye wear
- 5.2.3. Head wear
- 5.2.4. Others

Chapter 6. Global Enterprise Wearables Market Size & Forecasts by Technology 2022-2032

6.1. Segment Dashboard
6.2. Global Enterprise Wearables Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Bluetooth
- 6.2.2. Internet of Things (IoT)

Chapter 7. Global Enterprise Wearables Market Size & Forecasts by End User 2022-2032

7.1. Segment Dashboard
7.2. Global Enterprise Wearables Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Manufacturing
- 7.2.2. Healthcare
- 7.2.3. Retail
- 7.2.4. Aerospace & Defense
- 7.2.5. Others

Chapter 8. Global Enterprise Wearables Market Size & Forecasts by Region 2022-2032

7.1. North America Enterprise Wearables Market
- 7.1.1. U.S. Enterprise Wearables Market
  - 7.1.1.1. Product Type Breakdown Size & Forecasts, 2022-2032 (USD Billion)
  - 7.1.1.2. Technology Breakdown Size & Forecasts, 2022-2032 (USD Billion)
  - 7.1.1.3. End User Breakdown Size & Forecasts, 2022-2032 (USD Billion)
- 7.1.2. Canada Enterprise Wearables Market
7.2. Europe Enterprise Wearables Market
- 7.2.1. U.K. Enterprise Wearables Market
- 7.2.2. Germany Enterprise Wearables Market
- 7.2.3. France Enterprise Wearables Market
- 7.2.4. Spain Enterprise Wearables Market
- 7.2.5. Italy Enterprise Wearables Market
- 7.2.6. Rest of Europe Enterprise Wearables Market
7.3. Asia-Pacific Enterprise Wearables Market
- 7.3.1. China Enterprise Wearables Market
- 7.3.2. India Enterprise Wearables Market
- 7.3.3. Japan Enterprise Wearables Market
- 7.3.4. Australia Enterprise Wearables Market
- 7.3.5. South Korea Enterprise Wearables Market
- 7.3.6. Rest of Asia-Pacific Enterprise Wearables Market
7.4. Latin America Enterprise Wearables Market
- 7.4.1. Brazil Enterprise Wearables Market
- 7.4.2. Mexico Enterprise Wearables Market
- 7.4.3. Rest of Latin America Enterprise Wearables Market
7.5. Middle East & Africa Enterprise Wearables Market
- 7.5.1. Saudi Arabia Enterprise Wearables Market
- 7.5.2. South Africa Enterprise Wearables Market
- 7.5.3. Rest of Middle East & Africa Enterprise Wearables Market

Chapter 9. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Fitbit, Inc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Sony Corporation
- 8.3.3. Xiaomi Inc.
- 8.3.4. Apple Inc.
- 8.3.5. Alphabet Inc.
- 8.3.6. Fossil Group, Inc. (Misfit, Inc.)
- 8.3.7. Seiko Epson Corporation
- 8.3.8. Samsung Electronics Co. Ltd.
- 8.3.9. Adidas Ag
- 8.3.10. Eurotech S.P.A

Chapter 10. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes