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:
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
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