According to the report analysis, ‘WORLDWIDE WEARABLE DEVICES CYBERSECURITY MARKET; DRIVERS, RESTRAINTS, OPPORTUNITIES, TRENDS, AND FORECASTS TO 2023. BY DEVICE TYPE(SMARTWATCH, HEAD-MOUNTED DISPLAY, BODY-WORN CAMERA AND OTHERS); BY SECURITY TYPE (APPLICATION SECURITY, NETWORK SECURITY AND CLOUD SECURITY); BY INDUSTRY (HEALTHCARE, ENTERPRISE &IT, MANUFACTURING, RETAIL, AUTOMOTIVE, BFSI AND GOVERNMENT)’ states that there are several key players which are presently functioning in this sector more effectively for leading the highest market share across the globe with the effective developments in the technology of wearable devices which further provide better consumer satisfaction and deliver effective measures of security includes Apple Inc., Google, IBM, Microsoft Corporation, Argus Cyber Security, Arilou Cyber Security, ESCRYPT – Embedded Security, Karamba Security, and Secunet Security Networks AG.
In the recent trend, many of the wearable devices that are being utilized today can safeguard unsanctioned entrance with the device encryption however, some of them have been found to be susceptible to security pressures while transmitting data to cloud or paired with a personal device. The wearable devices have become progressively popular in the present years majorly owing to their consumer-focused assistances and a vast range of device connectivity. Such devices carry enormous amounts of user data extending from the user demographics and electric health record. Moreover, for removing the threats of security, the security solutions developers are conceiving a two-factor authentication, and password-free web security to remove the security vulnerability, by executing block chain based security solutions to advance the level of device safety. Furthermore, the key players of this market are doing effective developments in the technology for increase the demand and providing the better consumer satisfaction for leading the fastest market growth with the highest market share across the globe more efficiently in the coming years.
The industries involve Healthcare, Corporate & IT, Manufacturing, Retail, Automotive, BFSI, Government and several others. The healthcare industry is the foremost accept or of wearable device cyber security as the devices encompasses enormous volumes of customer data involving, consumer’s health, demographic details, bio metric passwords and several others. The vigorous usage cases of wearables have controlled to the requirement for cyber security across the industries. Moreover, with the effective usage of wearable devices cyber security is spread across the globe more significantly which majorly includes highly developed regions. Whereas, the Americas, and Europe are most expected to control a superior share in the wearable security solutions market and Asia is predictable to become an unindustrialized accept or of wearable device security solutions by 2023. The market growth in Asia will be principally owing to the accumulative need from China, Japan, and the Southeast Asian countries. The Middle East and Africa are predictable to contribute to the innovation in wearable device security solutions majorly owing to the Israeli cyber security start-ups.
Although, according to research, the Worldwide Wearable Device Security market is predictable to become a USD 702.6 million market, by increasing at an effective CAGR of 16.4% during the forecast period of 2017-2023. However, the key players of this market are investing more enormously in the technological developments. Therefore, in the near future, it is expected that the market of wearable devices cyber security will increase more significantly over the recent few years.
For more information on the research report, refer to below link:
Worldwide Wearable Devices Cyber Security
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