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December 3, 2023

Lucintel Forecasts Global Wearable Device Security Market to Reach $2.5 billion by 2030

Lucintel Forecasts Global Wearable Device Security Market to Reach $2.5 billion by 2030

According to a market report by Lucintel, the future of the global wearable device security market looks promising with opportunities in the military & defense, healthcare, and fitness applications. The global wearable device security market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 12.5% from 2024 to 2030. The major drivers for this market are increasing use of this tool to ensure women and children safety and growing adoption smart watch in our daily activities.

A more than 150 – page report is developed to understand trends, opportunity and forecast in wearable device security market to 2030 by product type (headwear, wristwear, bodywear, and others), operating system (apple watch OS, wear OS, fitbit OS, garmin OS, and others), security type (cloud security, network security, wireless security, and application security), application (military & defense, healthcare, fitness, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, headwear, wristwear, and bodywear are the major segments of wearable device security market by product type. Lucintel forecasts that wristwear is expected to witness highest growth over the forecast period due to its significant usage among population given to its ability to provide time, fitness monitoring features, and smartphone notification support.

Within this market, fitness is expected to witness highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period due to presence of key players and growing need for security gadget for various purposes, including theft prevention and missing person searches in the region.

Samsung, Apple, Google, Microsoft, Intel, Biofourmis, Garmin, Hewlett Packard Enterprise Development, Xiaomi, and LG Electronics are the major suppliers in the wearable device security market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Roy Almaguer
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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