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Technavio analysts forecast the global wearable security devices market size to reach USD 5.74 billion by 2021. The increased adoption of Internet of Things (IoT) to manage the physical assets of an organization is one of the key drivers of the market.
“The military is a key application segment of the global wearable security devices market in terms of revenue. Several countries such as the US and the UK have adopted smart clothing for military applications, which are designed to provide both comfort and protection,” says Abhishek Sharma, one of the lead analysts at Technavio for M2M and connected devices research.