Enterprise Wearable Services and Supporting Platforms…
The future of wearable technology seems promising, not just in economically developed countries such as the U.S., but worldwide. Enterprise wearables are drastically changing the business landscape. The fundamental appeal of wearable’s in industrial settings is that they help employees work in a more hands-free and headsup manner with better access to information. New and innovative wearables promise ground-breaking capabilities; for instance, smart glasses can superimpose the physical reality of what a worker sees with digitally rendered images or information, creating what is known as augmented reality (AR). Wearables are gaining traction primarily due to their multi-functional applications. North America dominates the global enterprise wearable market in terms of value share as the region is an early adopter of technology and observes significant investments in research and development (R&D). Europe is projected to exhibit remunerative growth during the forecast period. Businesses and academia from the U.K. are seeking partnerships to co-develop wearable technology. Trends in Enterprise Wearable Market: The Global Enterprise Wearable Market accounted for over USD 21.9 billion in 2017 and is expected to grow at a CAGR of 11.8% during the forecast period, 2019–2026.