Global Connected Worker market Overview, Size, Future outlook post COVID Impact

The global Connected Worker market size is expected to reach USD 9,998.4 million by 2026 according to a new study by Report Ocean.

The report on connected worker market specifies information about this industry regarding a thorough and a detailed assessment of this business. As per the report, the connected worker market has been further divided into crucial segments. A brief of the industry with regards to the market size in terms of the volume and remuneration aspects, as well as the current picture of connected worker market has been included in the report.

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The increasing safety concerns, and stringent regulations regarding workforce safety majorly drive the market growth. The growing adoption of IoT, increasing broadband internet penetration, use of smartphones, and an increasing proportion of technologically inclined consumers further support the growth of the smart worker market. The growing need to streamline operations to improve productivity and safety would increase the adoption of connected worker during the forecast period. Other driving factors include technological advancements, increasing need for collaborative working environment, growing demand for mobility, and increasing requirement to improve workforce productivity and safety.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the connected worker market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the connected worker market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the connected worker market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Some major parameters were considered to forecast the current estimates of the Market:

• Market driving trends

• Predicted opportunities

• Challenges and restraints to be faced

• Technological developments in connected worker market

• Other developments, e.g. Infrastructural

• Consumer preferences

• Government regulations

• Consumer spending dynamics and trends

Market Overview

The report includes detailed information about market drivers, restraints, challenges, threats, and potential growth opportunities of connected worker market. The report consists of precise qualitative information such as Porter’s five forces, PESTLE Analysis, and value chain analysis.

Competitive Landscape:

Geographically, global connected worker market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer. The competitive analysis of leading market players is another notable feature of the connected worker market report; it identifies direct or indirect competitors in the market. The report offers company profile of market players alongside product picture and it’s specifications, connected worker market plans, and technology adopted by them, future development plans. In addition, strength and weaknesses analysis of Connected Worker Market competitive firms gives competitive advantages so that the efficiency and the productivity of companies are improved.

The well-known companies profiled in the report include the 3M Company, Intel, Wipro, Honeywell International Inc., Fujitsu Ltd., Zebra Technologies, Accenture, Oracle Corporation, Wearable Technologies Limited, Avnet, Inc., Vandrico Solutions Inc., and Smart Track S.R.L. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Market Segmentation:

In 2019, the hardware segment accounted for the highest segment for the Connected Worker hardware market share in terms of revenue. In terms of software, workforce analytics for connected worker is anticipated to grow at a CAGR of 20.7% from 2020 to 2026 followed by workforce task management. The RFID location triangulation segment is expected to grow to USD 2.90 billion by 2026. In terms of regional market,  Asia-Pacific is expected to grow at a CAGR of more than 22% however Europe and the North American region are expected to be the largest markets for connected workers in 2019.

Report Ocean has segmented the Connected Worker market report on the basis of component, technology, deployment, end-user, and region

Connected Worker Component Outlook (Revenue, USD Million, 2015 – 2026)
Hardware
Smart Glasses/Eyewear
Smart Headgear
Hearing Protection Devices
Protective Textiles
Mobile Devices
Others
Software
Workforce Task Management
Workforce Analytics
Mobile Learning
Services
Consulting
Training & Implementation

Connected Worker Technology Outlook (Revenue, USD Million, 2015 – 2026)
RFID Location Triangulation
Wi-Fi
Cellular
Bluetooth
Low-Power Wide-Area Network (LPWAN)
Wireless Field Area Network (WFAN)
Zigbee

Connected Worker Deployment Outlook (Revenue, USD Million, 2015 – 2026)
On-premise
Cloud

Connected Worker End-user Outlook (Revenue, USD Million, 2015 – 2026)
Manufacturing
Construction
Mining
Oil & Gas
Others

Connected Worker Regional Outlook (Revenue, USD Million, 2015 – 2026)

North America
U.S.
Canada

Europe
France
Germany
UK
Italy
Netherlands
Belgium

Asia Pacific
India
Japan
China
Malaysia
Australia
Indonesia
Latin America
Mexico
Brazil
Argentina

Middle East & Africa
Saudi Arabia
South Africa
Turkey
UAE

Key Questions Addressed in the Report:

• Who are the top 10 players operating in the Connected Worker Market?

• What are the driving factors, restraints, opportunities, and challenges in the Connected Worker Market?

• What are the current scenario and industry trends in the Connected Worker Market?

• Which industry and technology can be a potential revenue pocket for market players in the next five years?

• Who are the visionary leaders, dynamic differentiators, innovators, and emerging players and what are the key strategies adopted by them to strengthen their positions?

• What are the connected worker market opportunities and threats faced by the vendors in the connected worker market?

• What are the connected worker market challenges to market growth?

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This release was published on openPR.