AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Industrial Wearable Devices Market 2020-2024 | Augmented Growth of IoT to Boost Market Growth | Technavio

March 3, 2020 GMT
Technavio has announced its latest market research report titled Global Industrial Wearable Devices Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Industrial Wearable Devices Market 2020-2024 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Mar 3, 2020--

The industrial wearable devices market is expected to grow by USD 3.44 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200303005402/en/

Technavio has announced its latest market research report titled Global Industrial Wearable Devices Market 2020-2024 (Graphic: Business Wire)

The growing need to remain connected has led to an increase in demand for more connected products. IoT is one such avenue that captures data from the surrounding stimuli and ensures that various products are connected. IoT and smart products have also created new channels to add business value. One such channel is the creation of industrial wearables. Connected devices such as smart glasses, wrist computers, ring scanners, and wearable scanners are types of common industrial wearables that are used by industrial workers across various end-user industries. Thus, the growth of the global IoT market is a major driver of the global industrial wearable devices market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40545

As per Technavio, the customization of industrial wearable devices will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Industrial Wearable Devices Market : Customization of Industrial Wearable Devices

A key trend that is expected to pick up during the forecast period is the ability of vendors to customize industrial wearable devices as per the requirements of end-users. Vendors are designing and developing products that focus on utility rather than hardware specifications, which could be standardized across products in the future. For instance, Atheer, a software platform provider, offers customized software for integration with smart glasses. The major customers of Atheer include Epson, and Vuzix. Apart from smart glass manufacturers, other device manufacturers are expected to cater to this trend and offer customized devices based on requirement.

“Factors such as the emergence of Industry 4.0, and the augmented use of wearable scanners across industries will have a positive impact on the growth of the industrial wearable devices market value during the forecast period,” says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports

Technavio’s SUBSCRIPTION platform

Industrial Wearable Devices Market: Segmentation Analysis

This market research report segments the industrial wearable devices market by product (wrist computers, ring scanners, smart terminals and smart glasses), application (warehouse management, training and simulation and service and maintenance), end-user (transportation and logistics, retail, manufacturing, healthcare and others), and geography (APAC, Europe, MEA, North America and South America).

The North American region led the industrial wearable devices market in 2019, followed by Europe, APAC, South America and MEA. During the forecast period, the North American region is expected to register the highest incremental growth due to factors such as the increase in the number of construction activities and the introduction of barcode scanners in warehousing and storage facilities.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Some of the key topics covered in the report include:

Product

  • Wrist computers
  • Ring scanners
  • Smart terminals
  • Smart glasses

Application

  • Warehouse management
  • Training and simulation
  • Service and maintenance

End-user

  • Transportation and logistics
  • Retail
  • Manufacturing
  • Healthcare
  • Others

Geographic Segmentation

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200303005402/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: CONSUMER ELECTRONICS TECHNOLOGY OTHER TECHNOLOGY MOBILE/WIRELESS NETWORKS INTERNET HARDWARE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 03/03/2020 03:30 AM/DISC: 03/03/2020 03:30 AM

http://www.businesswire.com/news/home/20200303005402/en