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    Connected Worker Market Report

    Connected Worker Market Report
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    Global Connected Worker Market, Dynamics, and Market Analysis
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    Impact of COVID-19 on Connected Worker Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Connected Worker Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    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)

    Connected-Worker-Market-Forecast

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    What is Connected Worker?

    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

    Key players operating in the global connected worker market are-

    • 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).

    Market Dynamics

    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.

    Segment Analysis

    End User Trends

    Connected worker is widely popular enterprises of all sizes.

    • The users from the sector of manufacturing, building, and construction, mining, and telecom extensively use various connected worker solutions to efficiently carry out their respective jobs.
    • The home service segment is expected to grow with the highest rate during the forecast period owing to the increasing adoption of connected worker solutions to gain a competitive advantage with quick and effective service delivery.

    Regional Trends

    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.

    • The increasing digitalization in the Asia Pacific region and fast growing construction sector offers great opportunity of growth to the connected worker solution providers.
    • The region is expected to witness the highest CAGR during the forecast period.

    COVID-19 Impact on Global Connected Worker Market

    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.

    Critical Questions Answered in the Report

    • What are the key trends in the global connected worker market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global connected worker market?
    • What are the key strategies adopted by the major vendors to lead in the global connected worker market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the Global Connected Worker market hopes to have the greatest opportunity to convert-

    • Connected Worker Platform Providers
    • Connected Worker Device Manufacturers
    • IoT Solution Providers
    • System Integrators
    • IT Consultants
    • Value Added Resellers/Distributors
    • Enterprises

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    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.

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