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  • Global Industrial Wearable Devices Market to Reach a Market Value of around USD 5 billion by the end of 2019, Key Players and Growth Report

    (I-SoftwareNews.Com, August 31, 2016 ) Global Industrial Wearable Devices Market 2015-2019 Size and Share Published in 2015-12-09 Available for US$ 2500 at Researchmoz.us

    Description

    Market analysis of industrial wearable devices

    Technavios market research analyst predicts the global industrial wearable devices market to reach a market value of around USD 5 billion by the end of 2019. The increase in employee welfare programs in companies is driving the growth of this market. Companies use wearables to track employees' health. The activity data gathered from wearables like Fitbit wristbands is then tied into health insurance policy premiums or other incentive programs to reduce the companys healthcare costs. For instance, during 2015 more than 24,500 Fitbit fitness trackers were distributed among the staff of British Petroleum in North America as a part of its incentive program.

    The operational efficiencies associated with wearable devices is also driving the growth of this market. Wearable devices used in the logistics sector helps in tracking of goods and provides estimated time frames for delivery to the managers. For instance, in Amazon, the sourcing personnel who work in warehouses wear GPS tags and have a handheld scanner. These devices tell the workers the most efficient route to take to collect an item for delivery.

    Product segmentation and analysis of the industrial wearable devices market

    Smart glass

    Smartwatch

    Fitness tracker

    Wearable camera

    Fitness trackers dominated the market during 2014 with a market share of around 79% and is expected to reach a market value of USD 587 million by the end of 2019. Fitness trackers are used for employees wellness programs in enterprises. Fitness tracker monitors metrics such as heart beat, quality of sleep, and distance walked along with other factors. These devices are synced to the computer or smartphone to track this data.

    Geographical segmentation and analysis of the industrial wearable devices market

    APAC

    Europe

    North America

    ROW

    North America accounted for the largest market share of around 41% during 2014. The report predicts this region to maintain its market dominance until the end of 2019, with a market value of USD 3,123 million. The rising awareness among the industries towards wearable computing technology has raised its adoption rate in this region. The US and Canada are the market leaders in this region.

    Get a Free Sample Copy of the Report: http://www.researchmoz.us/enquiry.php?type=S&repid=489778

    Competitive landscape and key vendors

    The global industrial wearable devices market is dominated by international vendors. The competition in the market is expected to intensify during the forecast period, with an increase in product/service extensions, innovations in technology, and mergers. International players are anticipated to grow inorganically during the forecast period by acquiring regional or local players.

    The key vendors in the market are

    Apple

    Epson

    Fujitsu

    Google

    Microsoft

    Vizux

    Other vendors in the market include ASUS, Fitbit, Garmin, Honeywell, Jawbone, Motorola, Nike, Pebble, Samsung, SAP, Sony, and Eurotech.

    Key questions answered in the report include

    What will the market size and the growth rate be in 2019?

    What are the key factors driving the global industrial wearable devices market?

    What are the key market trends impacting the growth of the global industrial wearable devices market?

    What are the challenges to market growth?

    Who are the key vendors in the industrial wearable devices market?

    What are the market opportunities and threats faced by the vendors in the industrial wearable devices market?

    Trending factors influencing the market shares of APAC, Europe, North America, and ROW?

    What are the key outcomes of the five forces analysis of the global industrial wearable devices market?

    Technavio also offers customization on reports based on specific client requirement.

    Related reports

    Global Smart Wearable Lifestyle Devices and Services Market 2015-2019

    Global Smart Wearable Entertainment Devices and Services Market 2015-2019

    Global Smart Wearable Healthcare Devices and Services Market 2015-2019

    Wearable Electronics Market in the US 2015-2019

    Global Wearable Electronics Market 2015-2019

    Inquiry on this report: http://www.researchmoz.us/enquiry.php?type=E&repid=489778

    Table of Content

    PART 01: Executive summary

    Highlights

    PART 02: Scope of the report

    Market overview

    Offerings of the top vendors

    PART 03: Market research methodology

    Research methodology

    Economic indicators

    PART 04: Introduction

    Key market highlights

    PART 05: Market landscape

    Global wearable technology market

    Global industrial wearable devices market

    Five forces analysis

    PART 06: Market segmentation by product

    Market overview

    Global industrial fitness tracker market

    Global industrial smart glasses market

    Global industrial smart watch market

    Global industrial wearable camera market

    Global market for other industrial wearable devices

    Browse All ICT Market Research Reports at: http://www.researchmoz.us/ict-market-reports-96.html

    About ResearchMoz

    ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives.

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