Skip to main content

Enterprise Wearable Device Market Reaches $10.5B

Wearable technologies are entering the workplace. ABI Research forecasts enterprise wearable device revenue -- such as smartwatches, smart glasses, and wearable scanners -- will exceed $55 billion in 2022, which is growing from an estimated $10.5 billion in 2017.

With a compounded annual growth rate (CAGR) that surpasses 39 percent, these devices will improve productivity, reduce errors, and save time training both new and seasoned enterprise workers.

The implementation of strong supporting IT platforms is now essential to ensure proper employee access, storage, and security of all wearable device data.

Enterprise Wearables Market Development

"Wearables have much less in-built security and authentication protocols than other devices and so require robust security platforms to ensure data safety," said Stephanie Lawrence, research analyst at ABI Research.

Supporting platforms enable IT teams to determine what business information the wearables can access, monitor their usage, create customized applications, and remotely control the devices. This ultimately safeguards the commercial data from being compromised.

Companies such as Augmate, PTC, Salesforce, Total Communicator Solutions, and Upskill provide these supporting platforms to interested enterprises. Often these applications are available via Software as a Service (SaaS) or Platform as a Service (PaaS) offerings, and can come with a one-time set up fee with a monthly or yearly fee based on number of devices, users, and/or applications.

According to the ABI Research assessment, as companies require stronger security protocols, these device management platforms will mature. However, wearable platforms differ from other device platforms, as they require specific applications that can support a wide variety and wearables from different vendors.

For example, the diversity of smartwatches -- with different operating systems and face shapes -- often causes hardware technology or software incompatibility issues when creating new applications.

Outlook for Wearable Application Management

However, most wearable platforms can be supported by enterprise mobility management (EMM) solutions -- such as mobile device management (control over the whole device), mobile application management (control over a software application), and mobile content management (control over the digital media within an application).

Each solution provides its own benefits, allowing enterprise IT teams to control certain aspects of the wearable platform deployment. ABI Research finds that the best supporting platforms supply several of these solutions to ensure that all data and devices are kept secure.

Popular posts from this blog

Digital Identity Verification Market to Reach $16.7B

As more enterprise organizations embrace the ongoing transition to digital business transformation, CIOs and CTOs are adopting new technologies that enable the secure identification of individuals within their key stakeholder communities. A "digital identity" is a unique representation of a person. It enables individuals to prove their physical identity during transactions. Moreover, a digital identity is a set of validated digital attributes and credentials for online interactions -- similar to a person's identity within the physical world. Individuals can use a 'digital ID' to be verified through an authorized digital channel. Usually issued or regulated by a national ID scheme, a digital identity serves to identify a unique person online or offline. Digital Identity Systems Market Development Complementary to more traditional forms of identification, digital identity verification systems can enhance the authenticity, security, confidentiality, and efficiency of

Software-Defined Infrastructure: The Platform of Choice

As more organizations adapt to a hybrid working model for their distributed workforce, enterprise CIOs and CTOs are tasked with delivering new productivity-enabling applications, while also seeking ways to effectively reduce IT cost, complexity, and risk. Traditional IT hardware infrastructure is evolving to more software-based solutions. The worldwide software-defined infrastructure (SDI) combined software market reached $12.17 billion during 2020 -- that's an increase of 5 percent over 2019, according to the latest market study by International Data Corporation (IDC). The market grew faster than other core IT technologies. The three technology pillars within the SDI market are: software-defined compute (53 percent of market value), software-defined storage controller (36 percent), and software-defined networking (11 percent). "Software-defined infrastructure solutions have long been popular for companies looking to eliminate cost, complexity, and risk within their data cente

Global Pandemic Accelerates the Evolution of Transportation

Given the current trends across the globe, organizations that depend upon the continued growth of personal vehicle ownership will need to consider a plan-B scenario. While some companies will be able to adapt, others may find that their traditional business model has been totally disrupted. According to the latest worldwide market study by Juniper Research, Mobility-as-a-Service (MaaS) will displace over 2.2 billion private car journeys by 2025 -- that's rising from 471 million in 2021. Juniper believes that for MaaS to enjoy widespread adoption, subscription or on-the-go packages need to offer a strong combination of transport modes along with feasible infrastructure changes, high potential for data collection and low barriers to MaaS deployments. Mobility-as-a-Service Market Development The concept of MaaS involves the provision of multi-modal end-to-end travel services through a single platform by which users can determine the best route and price according to real-time traffic