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Connected Worker Market

Connected Worker Market Size, Share & Segmentation by Component (Hardware, Software, Services), by Technology (RFID Location Triangulation, Wi-Fi, Cellular, Bluetooth, Low-Power Wide-Area Network (LPWAN), Wireless Field Area Network (WFAN), Zigbee), by Deployment (On-premise and Cloud), by End-use (Manufacturing, Construction, Mining, Oil & Gas, Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/1497 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Connected Worker market size was valued at USD 3.89 Bn in 2021 and is expected to reach USD 18.86 Bn by 2028, and grow at a CAGR of 25.3% over the forecast period 2022-2028.

Industrial organizations may use connected worker platforms to plan, organize, and monitor complex production and supply chain activities across several sites and teams. This program allows businesses to organize and allocate work orders more efficiently, as well as stimulate cooperation and information exchange among staff. A connected worker platform may improve and integrate an organization's relationships with both real and virtual environments by utilizing different digital technologies and data management strategies. The software facilitates and improves staff procedures by helping them to make faster, better, and safer decisions.

Connected Worker Market

The market has grown as a result of digitalization, task automation, mobile phone penetration, and the growing acceptance of BYOD. The market has grown in response to the growing demand to smooth out activities in order to improve usefulness and security. The growing use of cloud-based innovations and the Internet of Things is hastening the adoption of related worker environments. Innovative advancements, the growing need for a shared workplace, growing interest in mobility, and the growing desire to improve labor force productivity and welfare are some of the factors driving the Connected Worker Platform Market.

Accenture was requested by KPN, a large Dutch telecommunications firm, to investigate how wearable gadgets may help its field force tasks. Accenture and the corporation piloted a system that gives personnel in the field hands-free visual instructions, checklists, pick lists, task orders, and other instructional material. It aids KPN engineers in better managing and executing work orders, as well as allowing expert cooperation and data collection in the field.

Accenture is collaborating with Airbus, one of the world's major aircraft manufacturers, to implement cutting-edge wearables technology on the A330 final assembly line. This project aids Airbus operators in improving the accuracy and speed of cabin seat labeling. The company's aircraft seat positions may be marked down to the millimeter and evaluated for accuracy and quality using innovative heads-up display technology. As a consequence, productivity for this process has increased by 500%, and the error rate has been lowered to zero.

MARKET DYNAMICS:

KEY DRIVERS:

  • Connected technology advancements.

  • raising awareness about the usage of these technologies in the workplace to minimize workplace injuries.

  • In manufacturing plants, companies must improve efficiency and production.

RESTRAINTS:

  • The exorbitant price of these gadgets.

  • A scarcity of skilled workers.

OPPORTUNITY:

  • Cloud-based technologies and the Internet of Things are becoming more widely used.

  • Artificial intelligence and machine learning provide new business potential.

IMPACT OF COVID-19:

COVID-19's global pandemic has had a positive influence on market growth. Because of the viral limits, a combination of enhanced connectivity and increased flexibility in job needs has resulted in the creation of innovative technical solutions that augment existing ones and allow for higher, smoother, and virtually remote involvement with the real world. Owing to a lack of on-site workers due to the virus epidemic, businesses have turned to linked connected worker solutions, which allow employees to work more freely while also facilitating data transmission between remote employees and control tower management.

Companies use linked smart devices and industrial wearables to maintain social separation in order to minimize the transmission of the virus among workers, and location monitoring is one of the fundamental strategies they use. Furthermore, vital signals from a variety of smart bands and watches allowed operators to continuously monitor workers' body temperatures, including body oxygen levels and pulse rate, which aided in the diagnosis of COVID-19 signals and prevented occupational breakouts, increasing demand for such devices in end-use industries.

Furthermore, remote support via advanced technology-linked wearables allows employees to resolve servicing issues with the assistance of distant professionals who are unable to attend sites due to COVID-19 restrictions, increasing demand for connected technologies.

MARKET ESTIMATION:

The market is divided into Cloud and On-Premises deployment types. Enterprise resource planning (ERP) plans may appear to be something set out for expeditions, but regardless of the moniker, small to medium-sized businesses may benefit significantly from using ERP strategies. Half of the businesses see ERP as a cost-cutting tool, while the majority of businesses see ERP as a catalyst for growth. After selecting to implement ERP in your organization, you're sometimes confronted with the question of on-premise or cloud-based ERP. While many organizations immediately consider SaaS options, the on-premise approach also has advantages. During the hypothesized time period, the cloud arrangement is expected to increase at a very fast rate.

RFID Location Triangulation, Wi-Fi, Cellular, Bluetooth, Low-Power Wide-Area Network (LPWAN), Wireless Field Area Network (WFAN), and Zigbee are the technology types that make up the market. In 2019, RFID Location Triangulation became a crucial part of the Connected Worker pie. Organizations anticipate coordinating or consolidating with the linked laborer's stage as interest in cell technologies such as 5G grows. As a result, the advancement of in-cell technology is likely to have a significant impact on market growth. Cellular technology is expected to experience rapid growth, followed by wireless field area networks (WFAN). While checking, 5G equipment may be dispatched to situations promptly without running afoul of the spatial imprisonments that ground authorities are required to follow.

The market is divided into construction, mining, oil and gas, and other end-user types. The oil and gas industry has a reputation for being conservative when it comes to developing new projects. It has, however, progressed beyond dependency on paper and pencil, physical labor, and machinery during the last few years. For connected laborers, the oil and gas segment is likely to acquire a good price. Eccentrics in global product marketplaces have driven organizations to improve capabilities while lowering costs.

KEY MARKET SEGMENTS:

On The Basis of Component:

  • Hardware

  • Software

  • Services

On The Basis of Technology:

  • RFID Location Triangulation

  • Wi-Fi

  • Cellular

  • Bluetooth

  • Low-Power Wide-Area Network (LPWAN)

  • Wireless Field Area Network (WFAN)

  • Zigbee

On The Basis of Deployment:

  • On-premise

  • Cloud

On The Basis of End-use:

  • Manufacturing

  • Construction

  • Mining

  • Oil & Gas

  • Others

Connected Worker Market

REGIONAL ANALYSIS:

Because of its quick technological adoption and increased investment on industrial digitization, North America dominated the connected worker market in 2021 and is likely to retain its dominance during the forecast period. Furthermore, growing worries about worker safety in end-use sectors such as oil and gas, construction, mining, and others are likely to fuel the growth of the connected worker industry. Connected worker solution providers have a lot of room to develop in the Asia Pacific area, thanks to rising digitization and a fast-growing construction sector. During the projection period, the region is predicted to have the greatest CAGR.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are Accenture, Honeywell International Inc., Fujitsu Ltd., Oracle Corp., Tata Consultancy Services, Avnet Inc., Zebra Technologies Corp., Wearable Technology Limited, TELUS, 3M Company.

Connected Worker Market Report Scope:
Report Attributes Details
Market Size in 2021  US$ 3.89 Bn
Market Size by 2028  US$ 18.86 Bn
CAGR   CAGR of 25.3% From 2022 to 2028
Base Year  2021
Forecast Period  2022-2028
Historical Data  2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Component (Hardware, Software, Services)
• by Technology (RFID Location Triangulation, Wi-Fi, Cellular, Bluetooth, Low-Power Wide-Area Network (LPWAN), Wireless Field Area Network (WFAN), Zigbee)
• by Deployment (On-premise and Cloud), by End-use (Manufacturing, Construction, Mining, Oil & Gas, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Accenture, Honeywell International Inc., Fujitsu Ltd., Oracle Corp., Tata Consultancy Services, Avnet Inc., Zebra Technologies Corp., Wearable Technology Limited, TELUS, 3M Company
Key Drivers • Connected technology advancements.
• raising awareness about the usage of these technologies in the workplace to minimize workplace injuries.
Market Opportunities • Cloud-based technologies and the Internet of Things are becoming more widely used.
• Artificial intelligence and machine learning provide new business potential.

 


Frequently Asked Questions (FAQ) :

Ans:- The Connected Worker market size was valued at USD 3.89Bn in 2021.

Ans :- Connected technology advancements and raising awareness about the usage of these technologies in the workplace to minimize workplace injuries.

Ans:-  North America dominated the connected worker market in 2021 and is likely to retain its dominance during the forecast period.

Ans:- The major key players are Accenture, Honeywell International Inc., Fujitsu Ltd., Oracle Corp., Tata Consultancy Services, Avnet Inc., Zebra Technologies Corp., Wearable Technology Limited, TELUS, 3M Company.

Ans:-The study includes a comprehensive analysis of worldwide Connected Worker market trends, as well as present and future market forecasts.as well as impact analysis for the projected period.

Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape


Table of Contents

 

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges 

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Connected Worker Market Segmentation, by Component

8.1 Hardware

8.2 Software

8.3 Services

 

9. Connected Worker Market Segmentation, by Technology

9.1 RFID Location Triangulation

9.2 Wi-Fi

9.3 Cellular

9.4 Bluetooth

9.5 Low-Power Wide-Area Network (LPWAN)

9.6 Wireless Field Area Network (WFAN)

9.7 Zigbee

 

10. Connected Worker Market Segmentation, by Deployment

10.1 On-premise

10.2 Cloud

 

11. Connected Worker Market Segmentation, by End-use

11.1 Manufacturing

11.2 Construction

11.3 Mining

11.4 Oil & Gas

11.5 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profiles

13.1 Accenture

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Honeywell International Inc.

13.3 Fujitsu Ltd.

13.4 Oracle Corp.

13.5 Tata Consultancy Services

13.6 Avnet Inc

13.7 Wearable Technology Limited

13.8 Zebra Technologies Corp.

13.9 TELUS

13.10 3M Company

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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