ABI: Enterprise wearables market to reach US$18B by 2019

The enterprise wearable technology market is set to reach $18 billion by 2019, growing at a CAGR value of 56.1 per cent over the next five years. According to ABI Research, wearable device technologies will become an integral part of enterprise mobile enablement strategies. As expected, the North American region will be the largest and grow at a CAGR value of 39 per cent over the next five years. More interestingly, the Asia-Pacific region will become the second largest market, outpacing Europe by 2019 with a CAGR of 90 per cent, the research company said. ABI Research has identified six kinds of wearable devices: smart glasses, cameras, smart watches, healthcare, sports and activity trackers, and 3D motion trackers. Healthcare wearables, smart glasses, and smart watches will be the dominant form-factors purchased by the enterprise and used by employees. Release

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