OYSTER BAY, NY -- ABI Research forecasts enterprise wearable device revenue will grow at a CAGR of over 41% between 2017 and 2022.
The firm said the market will top $60 billion in 2022, increasing from just $10.6 billion this year. Enterprise wearable devices include smartwatches, smart glasses, and wearable scanners.
"Companies are always looking for innovative ways to improve productivity, and wearables are well placed to do so. Providing workers hands-free access to information and communication is helping to drive growth in the market. However, this rise in popularity of wearables will bring increased data security concerns and enterprise mobility management (EMM) solutions must be put in place when deploying wearables across a company to ensure that all data are kept secure," ABI said.