Revenue for Enterprise Wearables to Surge Nearly 40% by 2022
The implementation of strong supporting platforms is essential to ensure proper employee access, storage and security of all wearable device data.
ABI Research forecasts that revenue for enterprise wearable devices, such as smartwatches, smart glasses, and wearable scanners, will top $55 billion in 2022, increasing from $10.5 billion in 2017. Driving this compound annual growth rate (CAGR), which surpasses 39%, are the needs to improve productivity, reduce errors, and save time in training both new and seasoned workers. The implementation of strong supporting platforms is essential to ensure proper employee access, storage and security of all wearable device data.
“Wearables have much less in-built security and authentication protocols than other devices, and so require robust security platforms to ensure data safety,” said Stephanie Lawrence, research analyst at ABI Research. “Supporting platforms allow managers and IT teams to determine what information the wearables have access to, monitor their usage, create customized applications, and remotely control the devices. This ultimately safeguards the data from being compromised.”
Companies such as Augmate, PTC, Salesforce, Total Communicator Solutions, and Upskill provide such platforms to interested enterprises. Often these platforms are available as software as a service (SaaS) or platform as a service (PaaS); they can come with a one-time set-up fee with a monthly or yearly fee based on number of devices, users, and/or applications.
As companies require stronger security protocols, the platforms mature. However, wearable platforms differ from other device platforms, as they require specific applications that can support a variety and make of wearables. For example, the diversity of smartwatches, with different operating systems and face shapes, often causes incompatibility issues when creating device applications.
However, most wearable platforms can be supported by enterprise mobility management (EMM) solutions, such as mobile device management (control over the whole device), mobile application management (control over an application), and mobile content management (control over the content in an application). Each solution provides its own benefits, allowing IT teams to control certain aspects of the wearable rollout.
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