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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 37.11 Billion by 2030 | 23.19% | North America |
| By Component | By Technology | By Deployment | By End User |
|---|---|---|---|
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SCOPE OF THE REPORT
Connected Worker Market Overview
The global connected worker market is anticipated to grow from USD 8.62 Billion in 2023 to USD 37.11 Billion by 2030, at a CAGR of 23.19% during the forecast period.
Frontline personnel may communicate with their manager or coworkers who are working in another location thanks to connected worker technology, which combines software, networks, and hardware. Through a remote connection, it allows employees to display their view points, data, and dashboards as needed. The ability to communicate audibly and graphically is provided by connected workers. Additionally, it makes it easier for employees to communicate data through a centralized database, which aids in acquiring real-time data and enabling situation-based decision-making. One of the components, hardware, may be further divided into mobile devices, hearing protection, smart head gear, and smart eyeglasses. Software may also be divided into categories like workforce analytics, mobile learning, and workforce task management. The services offered by the connected worker market include consulting, training, and implementation. The connected worker market offers both on-premises and cloud-based work deployment options.
Due to the spike in demand for achieving better efficiency and productivity in sectors like manufacturing and mining, there is an increase in the demand for connected workers. Owners frequently worry about things like rules and standards relating to worker and labor safety, but linked workers may take care of these issues. Connected employees increase productivity without endangering workplace safety. These are the main elements fueling the global expansion of the market for connected workers. In addition, the market for connected workers is expanding due to the demand for faster operations, the usage of mobile devices, and digitalization. One of the things that might hinder the connected worker market is a lack of knowledge about it.
Every employee at the manufacturing facility used to manually record all of the information about daily operations. The manufacturing industry has entered a linked era with the introduction of connected worker technologies, decreasing human error and improving digitalization in processes. This enables the producers to avoid traffic jams and increase productivity. In order to boost productivity and achieve high profit margins, businesses are implementing connected worker or smart worker solutions that enable them keep in touch with their employees. Over the course of the projected period, the market demand will increase due to the organizations’ growing use of these solutions to guarantee workers’ safety, follow them remotely, and improve regulatory compliance.
The market for smart workers is influenced by the growing need for greater productivity and efficiency in manufacturing facilities and other businesses. The Covid-19 pandemic’s onslaught and strict laws on workplace safety are two factors that have an influence on the market’s growth. The market has grown as a result of digitalization, work automation, greater use of mobile devices, and rising BYOD usage. Market development has risen due to the growing requirement to simplify processes in order to promote productivity and safety.
Despite being in its early phases, the connected worker industry is highly fragmented, with a wide spectrum of companies from little startups to major tech giants. This element adds intrigue to the competition. The participants in the connected worker market work hard to build platforms that let the factories connect easily without any hurdles or faults as many manufacturing organizations are ready to turn their factory into the “Factory of the Future.”
| ATTRIBUTE | DETAILS |
| Study period | 2020-2030 |
| Base year | 2022 |
| Estimated year | 2023 |
| Forecasted year | 2023-2030 |
| Historical period | 2019-2021 |
| Unit | Value (USD Billion) |
| Segmentation | By Component, By Technology, By Deployment, By End User, and By Region |
| By Component | Hardware
Software Services |
| By Technology |
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| By Deployment |
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| By End User |
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| By Region |
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Connected Worker Market Segmentation Analysis
Component, technology, deployment, end user, and geography are the five market categories that make up the worldwide connected worker market. The market is examined across Hardware, Services, and Software based on Components. Bluetooth, Cellular, Low-Power Wide-Area Network, RFID Location Triangulation, Wi-Fi, Wireless Field Area Network, and Zigbee are all researched in terms of the market based on technology. The market is examined across Cloud and On-Premise based on deployment. Construction, Manufacturing, Mining, Oil & Gas, and Healthcare are all researched in the market based on end user.
The market for connected worker in 2022 was dominated by the hardware segment with 65% market share. Mobile devices/tabs are expected to grow the highest out of all equipment. Mobile devices’ usability and interoperability are factors in this rise. The use of BYOD (bring your own device) is expected to increase the use of mobile phones and tablets. Additionally, mobile devices can provide employees with the most recent data, assuring their safety. The COVID-19 risk mitigation strategies, productivity gains, greater emphasis on real-time risk management, attempts to include frontline employees in safety and health, and the development of connected worker hardware technologies all contribute to the growth of the hardware market.
With almost 25% of the market, software is the second-largest market sector for connected workers. Software solutions for connected workers offer a central location for monitoring and analyzing data from field employees. Although it is still in its infancy, the connected worker software business is expanding quickly. In the upcoming years, it is anticipated that the industry would expand as more businesses realize the advantages of connecting and empowering their employees with technology.
Over the projection period, the oil & gas category is anticipated to have the greatest CAGR. With access to connected worker services in their remote assets, oil and gas companies can carefully monitor deployment and market changes. To solve the connection & network issues seen at their separate remote sites, industry participants opt to build up connected worker solutions. The inclusion of intricate procedures that carry significant hazards defines the oil and gas industry vertical. In this industry, connected worker technology is being quickly used to streamline the vertical. The capacity provided by connected worker solutions enables businesses to centralize, monitor, and efficiently automate their complex and important engineering and maintenance activities.
With nearly 22% of the market, manufacturing is the second-largest end-use market for connected worker solutions. This is because manufacturing is a sophisticated and labor-intensive sector where connected worker solutions may enhance efficiency, productivity, and safety. The construction, mining, oil and gas, transportation and logistics, utilities, healthcare, and retail industries are other significant end-use sectors for connected worker solutions. Solutions for connected workers may raise output, effectiveness, safety, and compliance in each of these sectors.
Connected Worker Market Dynamics
Driver
The need for connected worker solutions stems from the desire to increase worker productivity and efficiency.
The purpose of connected worker solutions is to increase productivity and efficiency at work by utilizing technology to link people, processes, and data. These services allow real-time monitoring of activities, equipment status, and ambient conditions by integrating smart devices, wearables, and IoT (Internet of Things) devices. Workers can make quick decisions, communicate easily, and get vital information thanks to this connection. Connected worker solutions provide employees the tools to operate more efficiently by streamlining processes and reducing downtime through automation and data analytics. This eventually increases productivity. They also improve safety by providing in-the-moment alerts and direction, creating a safer working environment. Connected worker solutions take a comprehensive approach to operations optimization, error reduction, and workforce development, aligning with contemporary needs for effectiveness and efficiency.
Restraint
The high cost of deploying connected worker solutions in a sector continues to be a market constraint for small and medium-sized firms.
Due to the huge financial commitment required, implementing connected worker solutions remains a significant issue for small and medium-sized businesses (SMEs). Budget-constrained SMEs are heavily burdened by the price of obtaining and integrating the essential technology, including infrastructure, software, and hardware. Their financial resources are further strained by continuous costs for upkeep, training, and assistance. The overall costs are increased by the complexity of deployment and customization for certain industry requirements. To account for this, smaller businesses frequently embrace these solutions later than bigger ones, which limits their capacity to compete with more established, financially sound businesses. Because of this pricing barrier, SMEs are unable to benefit from connected worker solutions’ potential to boost productivity, operational efficiency, and safety, which hinders their development and technological innovation.
Opportunities
The market has a lot to gain from the development solutions that make use of cutting-edge technology like AI, machine learning, and augmented reality.
The development of AI, machine learning, and augmented reality (AR) technology in various solutions would be extremely beneficial for the market. Data-driven insights, predictive analytics, and automation are made possible by AI and machine learning, which improves processes and decision-making. They boost productivity, cut down on mistakes, and unearth insightful patterns that spur competition and innovation. By superimposing digital data on the actual environment, augmented reality transforms the user experience and improves learning, training, and product visualization. These technologies may be used by sectors including healthcare, manufacturing, education, and retail to develop immersive, interactive, and personalized solutions that improve client engagement and satisfaction. The fusion of AI, machine learning, and AR promotes product creation and innovation, luring capital and igniting economic growth while reshaping a tech-savvy market environment.
Connected Worker Market Trends
- Connected worker solutions that are cloud-based and mobile-enabled are becoming more and more common because they provide a variety of benefits over on-premises solutions, including scalability and usability.
- The growing usage of artificial intelligence and machine learning: New and creative connected worker software solutions are being created using AI and machine learning. AI-driven solutions, for instance, may be used to anticipate and handle possible issues before they arise, as well as to offer workers real-time guidance and help.
- Workers’ compliance and safety are receiving more attention: Software for connected workers can assist businesses increase worker compliance and safety. Solutions may be used, for instance, to monitor environmental conditions and track the whereabouts and activities of workers.
- The fusion of business technologies with connected worker solutions: Solutions for connected workers are rapidly being linked with other business technology, such as customer relationship management (CRM) and enterprise resource planning (ERP) systems. Organizations are able to develop a more comprehensive and organized perspective of their operations because to this connectivity.
- Augmented reality (AR) is becoming more popular, and it is being utilized to create cutting-edge connected worker solutions. For instance, AR-based solutions may be used to give workers instructions and assistance on how to do jobs in real-time.
- The Internet of Things (IoT) is being used to collect data from a variety of devices and sensors, and its use is growing. Solutions for connected workers may be made more effective and secure with the use of this data.
Competitive Landscape
The competitive landscape of the connected worker market was dynamic, with several prominent companies competing to provide innovative and advanced connected worker solutions.
- 3M Company
- Accenture PLC
- Avnet, Inc.
- Dozuki, Inc.
- Fujitsu Ltd.
- Honeywell International, Inc.
- Intel Corp.
- Intellinium
- Oracle Corporation
- SAP SE
- Smart Track S.R.L.
- Vandrico Solutions Inc.
- Wearable Technologies Limited
- Wipro Ltd.
- Zebra Technologies Corp.
- Tata Consultancy Services
- TELUS
- IBM
- Deloitte
- Caterpillar
Recent Developments:
25 September 2023: Amadeus said that it is collaborating with Microsoft and Accenture to create new AI-powered connections between its travel and expenditure platform Cytric Easy and Microsoft 365 as part of its ongoing collaborations strategy. The travel assistant is being developed and tested by Amadeus in collaboration with Accenture and Avanade. The assistant, which is integrated with Amadeus’ Cytric Easy platform, will match traveller preferences with company policies for a more time- and money-efficient experience.
17 August 2023: To assist joint clients in accelerating the deployment of generative AI, IBM and Microsoft increased their cooperation. This new service will give clients the knowledge and tools they need to innovate their business processes and grow generative AI successfully.
Regional Analysis
North America accounted for the largest market in the connected worker market. North America accounted for the 37% market share of the global market value. Given the existence of multiple connected worker solution providers and the adoption of cutting-edge technology by field workers, North America is predicted to be a significant customer region. Additionally, the presence of important end consumers who were eager to adopt hardware and software solutions gave industry players in the area attractive prospects. One of the key nations with rapid technological adoption is the US. The increased demand for connected worker solutions is mostly due to the rollout of 5G infrastructure, the adoption of IoT technologies, and Silicon Valley backing. One of the main shipping behemoths, DHL, has offered support for wearable technology. The business found that wearable watches boost worker productivity, which increased by 25% as a result of wearable technology.
China’s market for connected worker solutions is anticipated to grow at an exceptional rate throughout the projected period. Since the world’s largest industrial institutions are eager to implement connected worker solutions, China, which is known as the heart of manufacturing, is predicted to rule the sector over the next 10 years. Future demand for connected worker solutions is also anticipated to increase due to the nation’s expanding use of smart manufacturing techniques.
Target Audience for Connected Worker
- Connected Worker Platform Providers
- Connected Worker Device Manufacturers
- IoT Solution Providers
- System Integrators
- IT Consultants
- Value Added Resellers/Distributors
- Enterprises
- Manufacturing and Industrial Sectors
- Construction and Engineering Companies
- Energy and Utilities Industry
- Healthcare and Life Sciences Professionals
- Logistics and Transportation Sector
- Field Service and Maintenance Teams
Segments Covered in the Connected Worker Market Report
Connected Worker Market by Component
- Hardware
- Software
- Services
Connected Worker Market by Technology
- RFID Location Triangulation
- Wi-Fi
- Cellular
- Bluetooth
- Low-Power Wide-Area Network (LPWAN)
- Wireless Field Area Network (WFAN)
- Zigbee
Connected Worker Market by Deployment
- On- Premise
- Cloud
Connected Worker Market by End User
- Manufacturing
- Healthcare
- Construction
- Mining
- Oil & Gas
 Connected Worker Market by Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Key Question Answered
- What is the expected growth rate of the connected worker market over the next 7 years?
- Who are the major players in the connected worker market and what is their market share?
- What are the end-user industries driving market demand and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, the middle east, and Africa?
- How is the economic environment affecting the connected worker market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the connected worker market?
- What is the current and forecasted size and growth rate of the global connected worker market?
- What are the key drivers of growth in the connected worker market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the connected worker market?
- What are the technological advancements and innovations in the connected worker market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the connected worker market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the connected worker market?
- What are the product products and specifications of leading players in the market?
FAQ
The global connected worker market is anticipated to grow from USD 8.62 Billion in 2023 to USD 37.11 Billion by 2030, at a CAGR of 23.19% during the forecast period.
North America accounted for the largest market in the connected worker market. North America accounted for 37% market share of the global market value.
3M Company, Accenture PLC, Avnet, Inc., Dozuki, Inc., Fujitsu Ltd., Honeywell International, Inc., Intel Corp., Intellinium, Oracle Corporation, SAP SE, Smart Track S.R.L., Vandrico Solutions Inc., Wearable Technologies Limited, Wipro Ltd., Zebra Technologies Corp., Tata Consultancy Services, TELUS, IBM, Deloitte, Caterpillar
Connected worker solutions that are cloud-based and mobile-enabled are becoming more and more common because they provide a variety of benefits over on-premises solutions, including scalability and usability.
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