Connected Worker Market: Segmented: By Technology (Cellular Bluetooth, RFID, Zigbee, Wi-Fi), By End User (Manufacturing, Building, and Construction, Mining, Oil and Gas, Others), by Product Type (Cloud, On-premise, Hybrid Network) And Region - Global Analysis Of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
[ 170 + Pages Research Report ] Connected Worker Market to surpass USD 18.52 billion by 2031 from USD 3.69 billion in 2021 at a CAGR of 22.34% in the coming years, i.e., 2021-31.
The connected worker is an effective solution that provides a platform for remote workers to work with the central control system of the company. The platform gives important information and data to the field workers which they required to complete their assigned work. By using connected worker solutions companies can also provide safety to their workers. The connected worker can be easily installed on different devices i.e. smartphones, tablets, and wearable devices. The solution improves the organization’s interactions by using different data management techniques and digital tools. The connected worker software helps organizations to increase their productivity and reduce their response time. The process of employees participation becomes faster and better with the use of connected worker software. The connected worker market allows the manufacturers to derive real-time visibility in their processes by digitization and augmented operator workflow. Connected worker solutions boost industrial activities with the coherent experience of proficiency.
Global Connected Worker Market is expected to project a notable CAGR of 22.34% in 2031.
The factor driving the growth of the connected worker market is that every organization wants to achieve higher productivity and efficiency in manufacturing factories. The market growth of connected worker systems is impacted by different factors such as stringent regulations regarding workforce safety.
RFID or Radio Frequency Identification segment is expected to dominate the technology segment during 2021-31.
Connected Worker Market is classified based on Technology Type into RFIO Location Triangulation, Wi-Fi, Cellular, Bluetooth, Low-Power Wide-Area Network (LPWAN), Wireless Field Area Network (WFAN), Zigbee. The increasing requirement for highly effective methods such as RFID for managing the job statistics is due to the increasing difficulty of big construction activities. RFID Location Triangulation became an important part of Connected Worker in 2019.
Oil and Gas segment to grow with the highest CAGR during 2021-31
The oil and gas segment is expected to clasp the largest market share over the forecasted period. In oil and gas industries workers need tools to assist them in keeping track of production effectively so that they can achieve critical choices properly on the job as well as in real moments. The oil and gas industry is assured to give courteous opportunity for connected worker solution by the integrity of increasing agitation regarding employee safety.
Increasing technological advancement and invention of innovative products
The growing technological advancement along with the invention of new products at low cost around the world is a key driving factor for the growth of the connected worker market shortly. The rising expenses from the IT service industry are envisaged to strengthen the demand for the connected worker market over the forecast period. An increase in the use of smartphones, broadband internet penetration, and increasing consumers who are technologically inclined further support the growth of the connected worker market.
Improved the workforce productivity and task management
Connected worker market enhanced digitalization for easier operations and reduced the possibilities of human error. It is a unique platform that assists to keep track and real-time visibility of the processes. Increasing awareness regarding the use of these technologies decreases workplace injuries and developed an increasing demand that has benefited the industry's growth. Connected worker market resulting in effective task management.
High cost associated with the market and side effects
The application of a connected worker system involves complex structure and high costs.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Connected Worker Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America prevailed in the connected worker market in 2021 and because of its rapid technologic adaptation, it is expected to maintain its dominance over the forecast period.
The global spread of the COVID-19 pandemic has had a positive impact on the connected worker market growth. many countries to suspend cancer diagnosis or screening and postpone cancer-related surgeries. Due to the virus outbreak, there is limited on-site personnel availability giving rise to businesses adopting linked connected worker solutions.
Global Connected Worker Market is further segmented by region into:
Connected Worker Market Segments:
|The market size value in 2021||USD 3.69 billion|
|The revenue forecast in 2031||USD 18.52 billion|
|Growth Rate||CAGR of 22.34% from 2021 to 2031|
|The base year for estimation||2020|
|Quantitative units||Revenue in USD million and CAGR from 2021 to 2030|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
Technology, End-user, and Region
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Key companies profiled||Intel, Accenture, Deloitte, Oracle, Wipro, Vandrico Solutions, Avnet, Hexagon PPM, IBM, Wearable Technologies Limited, Intellinium, and Other Prominent Players|
The Connected Worker Market size was estimated at USD 3.69 billion in 2021 and is expected to reach USD 18.52 billion in 2031.
Some of the key players operating in the Connected Worker are Zebra Technologies, SAP, Vandrico Solutions, Avnet, Hexagon PPM, IBM, Wearable Technologies Limited, Intellinium, and Other Prominent Players.
RFID or Radio Frequency Identification segment and Oil and Gas segment is anticipated to hold the Connected Worker Market
Drivers: Increasing technological advancement and invention of innovative products and Improved the workforce productivity and task management
The connected worker is an effective solution that provides a platform for remote workers to work with the central control system of the company. The platform gives important information and data to the field workers which they required to complete their assigned work.
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