Wearable device security is a well-dressed
electronic device worn on the person body as an accessory. These devices carry
huge amounts of user data ranging from customer demographics & electronic
health record (EHR). These may open the extent for possible security
vulnerabilities for instance data exfiltration, account harvesting intercepting
data with Bluetooth or pairing App to connect with other IoT gear,
point-to-point networking, proximity-based vulnerabilities, new Wi-Fi networks
and others. Additionally, it could also lead to poodle attack, obtaining an
IMEI, remote code execution, covert account takeover, location spoofing and
others.
According to study, “Worldwide
Wearable Device Security Market - Devices (Eyewear, Wristwear, Footwear, Smart
Clothing), Security Types (Network, Cloud, Wireless, Application), Solutions
(RBAC, Risk & Vulnerability Management, DDoS Mitigation, Intrusion
Detection and Intrusion Prevention System), By End-Users & By Regions -
Drivers, Opportunities, Trends, and Forecasts, 2016-2022” some of the
major companies operating in the worldwide wearable device security market are
Fitbit, Inc., Google Inc., Apple Inc., Garmin Ltd., Nike Inc., Hewlett Packard
Enterprise (HP) Inc., IBM Corp., Secunet Security Networks AG, Alphabet,
Microsoft Corporation, Karamba Security, Arilou Cyber Security, Biovotion,
Argus Cyber Security, CrowdOptic Inc., Innovega, Inc., Symantec, BotFactory,
Vuzix, Intel, ESCRYPT Embedded Security, Avegant, Osterhout Design Group (ODG),
Lumus. These companies are providing storage services on the cloud, leading to
the storage of important information on the web.
Based on the devices, worldwide wearable
device security market is segmented into footwear devices, eyewear devices,
wristwear devices and smart clothing devices. The imminent wearable devices
include smart belts and smart jewellery. The devices provide real-time data
monitoring, hands-free operations, and network communication. Based on security
type, market is segmented into cloud security type, application security type,
network security type and wireless security type. Based on solutions, market is
segmented as risk & vulnerability management, Role Based Access Control
(RBAC), intrusion detection, Ddos mitigation, and intrusion prevention system.
In addition, the market is registering growth for the end-user markets like
BFSI, healthcare, sports industry, retail, public, and oil gas.
The worldwide wearable device security market
is primarily driven by the growing smart-phone users followed by wearable
devices in industries, increased dependence on the internet, increasing
penetration rate and global investments from government & IT firms etc.
Apart from the major benefits, some of the restraints impacting the marker
growth are data security & privacy concerns, followed by vigilant of
regulations & standards, low-level software adoption and high cost. In
addition, the opportunities such as emerging economies globally and IT
industries. Furthermore, the growing Bring Your Own Device (BYOD) trend at the
administrative center is posing a significant security threat to the
enterprises globally.
The worldwide wearable device security market
is anticipated to reach US $35.7 billion by 2022, growing at an expected CAGR
of 51.4% throughout the forecast period 2016-2022. The market is expected to
witness a significant growth over the forecast period owing to rise in number
of wearable device users, increase in government investments, and growing
demand for health & sports or fitness wearables across the world.
For more information, click on the
link below:
Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91
9015378249
No comments:
Post a Comment