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ABI Research Enterprise Wearable Revenue $55bn by 2020

According to the latest study by ABI Research, revenue from Enterprise Wearable devices is said to hit $55 billion by 2022. This figure has risen significantly according to appstechnews.comas it was predicted to reach $10.5bn by the end of 2017 with a CAGR of 39%.

Stephanie Lawrence, research analyst at ABI Research in a statement said “Wearables have much less in-built security and authentication protocols than other devices and so require robust security platforms to ensure data safety. Supporting platforms allow managers and IT teams to determine what information the wearables have access to, monitor their usage, create customised applications, and remotely control the devices. This ultimately safeguards the data from being compromised.”

According to the article, Wearable platforms require specific applications that can support a wide variety of devices  ABI Research believe ‘most’  wearable platforms can be supported by enterprise mobility management (EMM). To read the rest of the article and read the full report, click here.