Wearable Device Security Market – Major Technology Giants in Buzz Again | Fitbit, Apple, Google, Nike, Garmin, CrowdOptic

November 19 16:10 2018

Wearable Device Security Market
Get a view on Wearable Device Security Market sales by marketing channels. Target important market by region and tap important dynamics of this industry.

Worldwide Wearable Device Security Market – Devices (Eyewear, Wristwear, Footwear, Smart Clothing) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Worldwide Wearable Device Security Market. Some of the key players are Fitbit, Inc., Apple Inc., Google Inc., Nike Inc., Garmin Ltd., Microsoft Corporation, HP Inc., CrowdOptic Inc., Biovotion, BotFactory, Innovega, Inc., Avegant, Vuzix, Lumus, Osterhout Design Group (ODG)

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The wearable technology is comparatively a new technology and has started witnessing the growth since the last 2–3 years. The wearable electronic devices such as wristbands, eyewears, earwears and footwears provide hands-free operations, real-time data monitoring and network communication. At present, the wearable devices are being used in different industry verticals such as healthcare, BFSI, defence and retail.

According to Infoholic Research, the “Worldwide Wearable Device Security” market will grow at an estimated CAGR of 51.4% during the forecast period 2016–2022. Since wearable technology is being adopted by almost all the industries, the security concerns for this market are high. One of the key concerns of the wearable technology market is the data privacy. Thus, to resolve this problem, a lot of security software providers are entering the market to provide secure solutions to the industry. At present, North America is one of the key wearable device security markets. Some of the players covered in the report are Fitbit, Apple, Google, Garmin, Nike, Microsoft, HP, CrowdOptic, BotFactory, ODG, Biovotion and Innovega. The report provides a comprehensive review of wearable device security types, services, and industry solutions.

The study covers and analyzes the “Worldwide Wearable Device Security” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

The wearable device security market is a rapidly growing market. The increase in the number of wearable device users at the workplace and at homes is driving the wearable device market. The Bring Your Own Device (BYOD) policy at the workplace is posing a security threat to the enterprises. Most of these devices can easily enter into the enterprise data network and hence, can steal or tamper the data. To overcome such type of threats, the companies have started investing in different security solutions such as Role Based Access Control (RBAC), Risk & Vulnerability Management, Intrusion Detection and Intrusion Prevention System and DDoS Mitigation. The potential data security types are cloud security, wireless security, application security and network security.

At present, the popular wearable devices are wristwears such as smartwatches and wristbands, eyewear, footwear, and smart clothing. The upcoming wearable devices are smart jewellery and smart belts. Currently, the market is witnessing growth in the end-user markets such as healthcare, BFSI, and retail. The other end-users are sports industry, public, and oil gas. Americas and Asia Pacific are the leading wearable device security markets. Western Europe is the fastest growing wearable device security market. The UK, Germany, and France are the leading wearable device security markets in the region. The rapid technology advancements and investments from the security players in these regions are supporting the growth of the market. Western Europe is the fastest growing wearable device security market mainly driven by the healthcare, sports and gaming industries.

The “Worldwide Wearable Device Security” market is expected to reach $35.70 billion by 2022, growing at an estimated CAGR of 51.4% during the forecast period 2016–2022.

Companies Mentioned in the Report

Fitbit, Inc.

Apple Inc.

Google Inc.

Nike Inc.

Garmin Ltd.

Microsoft Corporation

HP Inc.

CrowdOptic Inc.

Biovotion

BotFactory

Innovega, Inc.

Avegant

Vuzix

Lumus

Osterhout Design Group (ODG)

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Table of Contents

1 Industry Outlook

1.1 Industry Overview

1.2 Industry Trends

1.3 Pest Analysis

2 Report Outline

2.1 Report Scope

2.2 Report Summary

2.3 Research Methodology

2.4 Report Assumptions

3 Market Snapshot

3.1 Total Addressable Market (TAM)

3.2 Segmented Addressable Market (SAM)

3.3 Related Markets

4 Market Outlook

4.1 Overview

4.2 Market Trends and Impact

4.3 Market Segmentation

4.4 Technology Roadmap

4.5 Porter 5 (Five) Forces

5 Market Characteristics

5.1 Overview

5.2 Value Chain

5.3 Market Dynamics

5.3.1 Drivers

5.3.1.1 Growing smartphone users

5.3.1.2 Increased dependence on the internet

5.3.1.3 Global drive for the use of wearable devices in industries

5.3.1.4 Global investments from government and IT firms

5.3.2 Restraints

5.3.2.1 Data security and privacy concerns

5.3.2.2 Low-level software adoption

5.3.2.3 Vigilant of regulations and standards

5.3.2.4 High cost

5.3.3 Opportunities

5.3.3.1 IT industries

5.3.3.2 Emerging economy

5.3.4 DRO – Impact Analysis

5.4 Key Stakeholders

6 Devices: Market Size and Analysis

6.1 Overview

6.1.1 Market Size and Analysis

6.2 Eyewear

6.2.1 Applications

6.2.2 Security Threats

6.2.3 Market Size and Analysis

6.3 Wristwear

6.3.1 Applications

6.3.2 Security Threats

6.3.3 Market Size and Analysis

6.4 Footwear

6.4.1 Applications

6.4.2 Security Threats

6.4.3 Market Size and Analysis

6.5 Smart Clothing

6.5.1 Applications

6.5.2 Security Threats

6.5.3 Market Size and Analysis

6.6 Others

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