Smart Footwear to Provide Unique Data Opportunities for Enterprises and Healthcare Providers

Smart footwear devices: shoes, insoles, and socks are seeing a rise in awareness in the consumer and enterprise markets. These devices are providing companies, users, and caregivers alike with tracking capabilities such as location, activity, gait, and falls. ABI Research forecasts that smart footwear devices will reach over 9 million shipments in 2022, increasing from just under 1 million in 2017, a CAGR of nearly 57%.

The enterprise market, despite seeing fewer shipments, will rise at a much faster rate than the consumer market, seeing a CAGR of over 90%, according to the firm.