AUG 08,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Global Connected Worker Market.
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.
A connected worker is an IT solution that enables remote workers to collaborate safely and efficiently with the company’s central control system.
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.
Key Players:
- 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).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Global Connected Worker Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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