Connected Worker Market Report
Global Connected Worker Market, Dynamics, and Market Analysis See less
Global Connected Worker Market, Dynamics, and Market Analysis
The Global Connected Worker Market is segmented By Component (Hardware, Software, Services), Technology (Cellular, Bluetooth, RFID, Zigbee, Wi-Fi, LPWAN, WFAN), Deployment Mode (Cloud, On-premises), Organization Size (Large Enterprises, Small- and Medium-sized Enterprises), Industry Vertical (Manufacturing, Building and Construction, Mining, Oil and Gas, Utilities, Telecom, Home Services) and Region - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global connected worker market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Connected Worker Market is segmented By Component (Hardware, Software, Services), Technology (Cellular, Bluetooth, RFID, Zigbee, Wi-Fi, LPWAN, WFAN), Deployment Mode (Cloud, On-premises), Organization Size (Large Enterprises, Small- and Medium-sized Enterprises), Industry Vertical ...
The Global Connected Worker Market is expected to grow from USD 3,431.0 million in 2020 to USD 9,596.5 million by 2026 at a CAGR of 18.7% during the forecast period.
Figure: Global Connected Worker Market Size, 2020-2026 (USD Million)
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A connected worker is an IT solution that enables remote workers to collaborate safely and efficiently with the company’s central control system. The solution delivers critical information to remote or field workers in real-time at their actual point of work which they require to do their tasks. The solution can be installed on wearable devices, smartphones, and tablets. With the increased usage of IoT sensors and artificial intelligence, the solution can process a large volume of data and provide detailed advice to field workers on demand. The solution keeps learning through advanced machine learning algorithms to refine the advice over time. Enterprises, using connected worker solutions, can not only provide quick support to their field workers but also ensure their safety.
Key players operating in the global connected worker market are-
The connected worker market is growing steadily owing to the enterprises’ need for efficient execution of field services, worker safety, and increasing usage of cloud-based services.
Furthermore, development in IoT technologies augmented reality, and the use of artificial intelligence and machine learning offers new opportunities for growth to the market. However, budget constraints and lack of awareness are some of the restraining factors for the growth of the connected worker market.
Connected worker is widely popular enterprises of all sizes.
Among regions, North America is found to be the leader during the forecast period due to the presence of major connected worker solution providers and adoption of latest technologies by the field workers.
COVID-19 had a negative impact on the global connected worker market as many businesses remained shut down for long period and people were restricted to leave their homes during the lockdown. This resulted in a massive decline in the revenue of connected worker solution providers across the globe in 2020. The market is expected to return to its normal state from 2022 onward.
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Here is the list of the group of customers that the Global Connected Worker market hopes to have the greatest opportunity to convert-
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The connected worker market size is expected to reach USD 9,596.5 million in the foreseeable future.
Accenture (Ireland), SAP (Germany), Oracle (The U.S), Honeywell (The U.S), Intel (The U.S), Fujitsu (Japan), Zebra Technologies (The U.S), Wipro (India), 3M (The U.S) and Avnet (The U.S) are among the key players in the connected worker market.
The connected worker market is expected to witness an impressive growth of 18.7% CAGR in the coming years.
Asia-pacific is expected to witness the highest CAGR in the connected worker market in the foreseeable years.
The home service segment is expected to grow at the highest rate in the connected worker market in the coming years.
Development in IoT technologies augmented reality, and the use of artificial intelligence and machine learning are the factors driving the growth of connected worker market.
Connected Worker Platform Providers, Connected Worker Device Manufacturers, IoT Solution Providers, System Integrators, IT Consultants, Value Added Resellers/Distributors, Enterprises are the target audience in the connected worker market.