Connected Worker Market by Component (Hardware, Services, Software), Technology (Bluetooth, Cellular, Low-Power Wide-Area Network), Deployment, End User - Global Forecast 2024-2030

Connected Worker Market by Component (Hardware, Services, Software), Technology (Bluetooth, Cellular, Low-Power Wide-Area Network), Deployment, End User - Global Forecast 2024-2030

The Connected Worker Market size was estimated at USD 7.27 billion in 2023 and expected to reach USD 8.60 billion in 2024, at a CAGR 19.15% to reach USD 24.81 billion by 2030.

The connected worker includes technologies that enable seamless integration and communication between workers across industries, including manufacturing, construction, oil & gas, retail, and healthcare. The connected worker solution empowers employees with real-time access to information, resources, and expert support while working on the job site or remotely. Additionally, connected worker solutions enhance productivity, safety, efficiency, and decision-making capabilities by leveraging advanced devices such as wearables, AR/VR headsets, IoT sensors & beacons, and artificial intelligence (AI) & machine learning (ML) algorithms. Increasing demand for industrial Internet of Things (IIoT) across industries to streamline processes and improve efficiency is increasing the demand for connected worker solutions. Growing government initiatives to improve worker safety are increasing the demand for connected worker solutions that provide real-time monitoring of employee health parameters and offer immediate alerts in case of emergencies. Data security & privacy concerns with the usage of connected worker solutions hamper market growth. The growing development of novel connected worker solutions with improved data security measures and ensuring compliance with global regulations is expected to create opportunities for market growth.

Regional Insights

America represents a highly developing landscape for a connected worker market due to significant investments in IoT technologies and the growing need for remote monitoring and collaboration within industries. The European Union has been proactive in encouraging digital innovation through funding programs, including Horizon 2020. With numerous industrial sectors across EU member countries, from manufacturing and construction to energy, there is a substantial opportunity for connected worker applications. Countries in Europe are taking significant steps by investing in Industry 4.0 initiatives that promote smart factories where connected worker technologies play a pivotal role. In the MEA region, countries such as Saudi Arabia and the United Arab Emirates (UAE) are rapidly embracing digital transformation, thereby creating a platform for the connected worker market. Initiatives, including Saudi Arabia's Vision 2030 and UAE's National Industry 4.0 Strategy, aim to drive industrial development and boost economic diversification by adopting advanced technologies. Asia-Pacific’s strong manufacturing base and increasing investments in IoT technologies are driving demand for connected worker solutions in Asia-Pacific.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Connected Worker Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing demand for Industrial Internet of Things (IIoT) across the globe
Growing government regulations and standards for worker safety
Emerging trend of remote working across various industries

Market Restraints

High investment associated with connected worker solution

Market Opportunities

Growing introduction of novel connected worker solutions
High potential of connected solutions across small and medium enterprises

Market Challenges

Security & privacy concerns with the usage of worker solutions

Market Segmentation Analysis

Component: Increasing usage of software in connected worker systems for data analytics
Technology: Rising preference for Bluetooth technology in connected worker systems for providing workers real-time access to data
Deployment: Expanding adoption of cloud-based connected worker system to support seamless integration
End-User: Growing application of connected worker solutions in the oil & gas industry to improve on-site efficiency

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Connected Worker Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Connected Worker Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ETQ and Augmentir Launch the Connected Quality Solution, the ETQ Reliance Connected Worker Solution Extends Quality Management to the Factory Floor

ETQ, a part of Hexagon, and Augmentir have collaborated to launch the ETQ Reliance Connected Worker solution, which aims to integrate the connected frontline worker into the quality management process. The integration involves combining ETQ's Quality Events application with Augmentir's connected worker platform, resulting in a comprehensive connected worker quality solution for customers. This integration enables industrial companies to digitalize and optimize frontline processes, as well as track and analyze data-driven actions and insights.

IFS to acquire Poka

IFS made the announcement of its acquisition of Poka and its connected worker platform. This move reflects the growing importance of addressing the demands of connected workers in the productivity industry. IFS recognizes the need to empower workers and enable them to access the resources they require for success.

mlean raises 3 million Euros to accelerate growth with connected worker software

Connected Worker Today, mlean, a Spanish company in continuous improvement software for manufacturers, announced that it has successfully raised 3 million euros in Series A financing. This significant investment empowers the company to double its headcount and expand its international operations across Europe and LATAM. Additionally, the funds are strategically allocated towards research and development initiatives, allowing mlean to introduce new product features such as AI and data science applications.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Connected Worker Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Connected Worker Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Accenture PLC, Augmentir, Inc., Autodesk, Inc., AVEVA Group Limited by Schneider Electric SE, Avnet, Inc., Connect Up Technologies, LLC, Dozuki, Inc., Fujitsu Limited, Guardhat Inc., Hexagon AB, Honeywell International Inc., Innovapptive Inc., Intellinium, Magellan X Pte. Ltd., Mobile Lean S.L., Oracle Corporation, Poka inc. by IFS AB, QAD Inc., SAP SE, Smart Track S.R.L., Smartflow Nederland BV, Tata Consultancy Services Limited, Trimble, Tulip Interfaces, Inc., Vandrico Solutions Inc., Wipro Ltd., and Zebra Technologies Corp..

Market Segmentation & Coverage

This research report categorizes the Connected Worker Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Hardware
Hearing Protection Devices
Mobile Devices
Protective Textiles
Smart Glasses
Smart Headgear
Services
Consulting
Training & Implementation
Software
Mobile Learning
Workforce Analytics
Workforce Task Management
Technology
Bluetooth
Cellular
Low-Power Wide-Area Network
RFID Location Triangulation
Wi-Fi
Wireless Field Area Network
Zigbee
Deployment
Cloud
On-Premise
End User
Construction
Manufacturing
Mining
Oil & Gas
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year