Wearable Device Security Market Forecast, Demand, Growth, Competition Analysis, Industry Insights, Detailed Report

A wearable device is worn on the human body. It is also called as wearable gadget. Wearable devices come in different forms such as jewelry, accessories, medical devices, and clothing. Wearable devices are quite common like any other devices with connectivity and additional features for tracking and monitoring health of an individual. Most wearable devices being used can prevent unauthorized access with device encryption; however, some of them have been found to be vulnerable to security threats while transferring data to cloud, which result into demand for security solutions.

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Rise in penetration of internet of things as it has enabled connectivity of many devices and data gathering with the help of sensors majorly drives the growth of the wearable device security market. In addition to this, growing manufacturing of wearable devices in healthcare and medical industry which increases adoption of these software along with increase in enterprise-focused wearable apps further fuels the growth of the market. However, lack of security safety and privacy may hinder the growth of the market. Furthermore, growing demand for wearable devices in developing economies such as China, Japan, and the Southeast Asian countries is providing numerous opportunities for the wearable device security market.

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The major driver of wearable technology market is due to the high adoption smart watch in our daily activities as well as critical operations. Easy deployment of connectivity and digitalization has increased the usage of wireless smart watches. Features like messaging and calling services for emergency services, real time tracking and health monitoring are becoming popular, thus increasing the adoption towards the same. Growth in sales of smart watches will lead to the adoption of wearable devices security solution as it contains large amount of users personal data.

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Growing adoption of wearable technology get affected due to the lack in safety and security of the data usage with the devices. The security and privacy is causing due to the rising risk of the hackers which can further manipulate the data and thus becoming a common theft.

The key players profiled in the market report include Samsung Electronics, Apple Inc., Google LLC., Microsoft Corp., Intel Corp., Amulyte Inc., Garmin Ltd., L. G Electronics, Carre Technologies Inc., Fitbit Inc.

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