Connected Worker Market

Connected Worker Market Outlook

Globally, the connected worker solutions market is expected to witness bodacious growth over the forecast period by virtue of growing concerns regarding employee safety and increasing throughput. Connected worker solutions finds use among an extensive range of industry verticals, with manufacturing being its niche industry.

Fact.MR, in its latest research report, offers insights on key factors that are expected to fuel demand for connected worker solutions over the coming years. The report tracks various trends in 20+ high-growth countries, and also details how the COVID-19 pandemic has had an impact on this industry.

Historical & Future Projections

Over the historical period, 2015-2019, the global connected worker solutions market expanded at a downright CAGR of 19.9%. Digitalization, enhancing productivity, and industry 4.0 have been prime bellwethers for growth over the forecast period.

Supply chain digitalization with the integration of connected worker solutions within the plant is ensuring potential growth of the market. IIoT (Industrial Internet of Things) implementation for increasing productivity of the plant as well as ensuring wellbeing of employees is poised to drive market growth over the forecast period.

By virtue of these aforementioned factors, the global connected worker solutions market is projected to expand at a ginormous CAGR of around 23% over the forecast period of 2020 to 2030.

Hearable devices are a second major reason for the growth in wearable devices. These devices are anticipated to grow by 45% and reach USD 105 Million by this year i.e. 2023.

What are the Benefits of Using Smart Wearables in Production Processes?

Smart wearables consist of smart headgear that provides intelligent solutions, such as when to replace the helmet and what its condition is. Also, smart glasses that improve visibility and provide real-time troubleshooting are a few benefits of smart wearables over conventional ones.

Smart wearables have seen a transforming rise in recent years owing to which there is enhanced competition among the manufacturers. The growth in connected wearables is majorly attributed to smartwatches. 

For instance, wearables such as Fit Bit are comprehensively utilized by the healthcare industry to chart patients and track their chronic conditions, thereby alarming the patient and the caregiver of disconcerting trends.

Similarly, CBT’s wearable compute headset can be mounted on prevailing head gear as a ball cap or simple headband. This device comes equipped with IoT features, which makes it smart; it does not come with any unnecessary attachments.

Also, this device works with simple voice commands to make it more attuned for use. These factors beget immense benefits of smart wearables used in connected worker solutions.

What is the Role of Connected Worker Solutions in Smart Manufacturing Practices?

Smart manufacturing practice is the deployment of computer-integrated manufacturing with prompt design changes and increased adaptability, digitalization of manufacturing activists with more agile workforce training.

To sum up, automation, real-time monitoring, and connected and real-time data & analytics encompass the smart manufacturing environment.

These manufacturing practices pave the way for mobilization of connected worker solutions in production processes.

Connected worker solutions assist industrial activities with the cohesive experience of proficiency and floor management in real time with valuable statistical insights from enterprise software.

Smart manufacturing practices are already in progression across myriad of industries, and the dovetail of smart manufacturing practices with connected worker solutions is poised to provide substantial opportunities for the market to flourish over the coming years.

How will Convergence of IT/OT Affect Demand for Connected Worker Solutions?

IT means information technology, and OT stands for operational technology. How the convergence of these two technologies will affect demand for connected worker solutions is described below.

IT/OT convergence is the assimilation of manufacturing arrangements, controlling processes and physical events with back-end software and hardware for processing and analyzing the captured information.

The converging point between these two technologies has come very close over the years, owing to comprehensive wireless Internet connectivity.

IT/OT convergence posits immense opportunity for manufacturing processes by utilizing IT prowess with OT components, by structuring direct machine-to-machine learning with centralized servers that have changed the overall dynamics of manufacturing processes.

The convergence has now created value for connected worker solutions with unblemished real-time visibility and thorough understanding of manufacturing processes, thereby impacting the overall market.

Therefore, with enriched convergence, connected worker solutions are poised for exponential growth over the forecast period.

How will Efficient Deployment of IIoT Impact Connected Worker Solutions?

Industrial Internet of Things is in the midst of swift deployment of advanced technology in industrial processes. IIoT is ravaging across manufacturing sectors and reshaping modern manufacturing processes.

Industry 4.0 is heavily dependent on the Internet of things and artificial intelligence. Big data analytics and cloud infrastructure are other two important technologies driving many applications. Nearly 72% of respondents have agreed to IoT as the key and most impactful technology within their premises or organization.

This, in turn, is bound to restructure almost every aspect of manufacturing, from how products are researched, designed, fabricated, produced, distributed, and consumed, to how manufacturing supply chains integrate and factory floors operate.

IIoT facilitates convergence of IT/OT, which is amongst the crucial aspects of connected worker solutions. This deployment has been long wanted by consumers, which enables the user in utilizing an IIoT platform to amass big data over machine-worker interactions.

This mobilization helps in preventing safety risks by predictive analytics, thereby improving the productivity and safety of employees.

Furthermore, IIoT also vouchsafes consumer with cognitive computing. Cognitive computing is the usage of computerized models to pretend the human thought progression in perplexing situations, where reactions might be vague and tentative.

North Star Bluescope has partnered with IBM to develop a cognitive computing platform that engulfs into IBM’s Internet of Things, Watson platform, to help employees stay safe in dangerous environments where the life of a worker could be at high risk.

What are the Key Challenges for Connected Worker Solution Providers?

The high cost mobilizing connected worker solutions in an industry is still substantial for small and medium enterprises, thereby restricting the market from corpus opportunities that small medium enterprise could bestow.

Further, requirement of highly skilled labor for managing and working with connected worker solutions forces extra costs on manufacturers, to hire and train a skilled workforce. This, is turn, cascades to adding extra cost for manufacturers and restricts their widespread use.

Country-wise Analysis

Why is there Huge Scope for Connected Worker Solutions in the U.S.?

During the historical period, 2015-2019, the U.S. connected worker solutions market expanded at a robust pace of 16.4% CAGR. The United States has a history of early technological adoption and use with supply chain digitalization as well as mobilization of high-end technologies such as 5G and electric vehicle infrastructure.

Extensive application of connected worker solutions in the automobile and oil & gas industry has been the main driving force for explicit growth of the market in the country.

Moreover, with a majority of companies such as Honeywell, Oracle, and Intel in the US, implementation of connected worker solutions across myriad industrial use is poised to provide immense opportunity in the short-medium term duration.

Why are Connected Worker Solution Providers Eyeing China?

The connected worker solutions market in China is poised for unequaled growth over the forecast period, with a storming pace of around 29% through 2030. China, generally known as the manufacturing hub of the world, is poised to dominate the market over the next ten years, due to extensive manufacturing establishments within the country, which are staring with optimism for the implementation of connected worker solutions.

Furthermore, increasing penetration of smart manufacturing practices in the country is poised to bolster demand for connected worker solutions market in the future.

Why are Connected Worker Solutions in High Demand across India?

The market in India is poised to expand at a ravaging pace of close to 28% CAGR over the forecast period. India has been rapidly deploying advanced digital technologies in manufacturing to harness the potential of its manufacturing prowess.

Moreover, emergence of non-conventional manufacturing clusters such as electronics and healthcare across the country is further poised to provide ample opportunity for connected worker solutions to burgeon.

Furthermore, due to ravaging digitalization with the country exploiting its full potential of manufacturing prowess and population, the connected worker solutions market is poised to go northwards rapidly in the country.

Category-wise Insights

What is the Potential of Mobile Devices in Connected Worker Solutions?

Mobile devices/tabs are set to expand the highest among all hardware. This growth is complemented by ease of use and compatibility of mobile devices.

Mobile devices and tabs are further expected to get a boost because of BYOD (bring your own device) adoption.

Moreover, mobile devices help in providing up-to-date analytics of an employee to himself, thereby ensuring the safety of the employee.

How Big is the Opportunity from the Oil & Gas Industry?

The oil & gas industry is undergoing unprecedented changes. With uncertainty surrounding production output and backlash from environmentalists, the market is set to face substantial challenges.

However, implementation of connected worker solutions is more widespread in the oil & gas industry.

This industry requires the workforce to scrutinize and harness the given data to make critical decisions swiftly and accurately. These factors facilitate the use of connected worker solutions efficiently and more profoundly.

For example, TCS solely works on providing connected worker solutions for energy & resources, which exhibits the oil & gas market potential.

What is the Market Share of Large Enterprises in Connected Worker Solutions?

Connected worker solutions find use in small & medium as well as large enterprises.

However, the market for large enterprises is substantial. This is due to the fact that, large enterprises have corpus disposable funds to implement advanced technologies within their enterprises.

Small and medium enterprises contribute less market share due to the fact that, connected worker solution deployment within the industry is not cost-effective. Solution deployment could dig a hole in the company’s pocket, a factor that is restricting widespread usage.

Competition Landscape

These aforementioned market players are considered as prominent players in the connected worker solutions market. Further, key market players are focusing on digital ecosystem with enhanced asset connectivity and dexterity.

Targeted acquisitions and improved product offerings within the industry are key for sustaining in the connected worker solutions market.

• For instance, Wood, a global leader in consulting, operation solutions and projects, adopted Honeywell Forge Workforce Productivity solutions. Through this, Wood would equip its frontline workforce in the energy sector to streamline uptime operations and facilitate business continuity
• In addition, Fujitsu has amalgamated the use of industrial IoT and enterprise wearables, which includes UBIQUITOUSWARE. This approach helps companies in providing integrated solutions of hardware and software combined, thereby increasing profits for the company.
• Similarly, Telus offers a customized solution, which ranges from contact tracing, journey management, smart building solution, etc., marking it as an established brand for connected worker solutions.

Report Scope

Attribute	Details
Forecast Period	2020-2030
Historical Data Available for	2015-2019
Market Analysis	US$ Mn for Value
Key Regions Covered	North America Latin America Europe East Asia South Asia & Oceania Middle East & Africa
Key Countries Covered	U.S. Canada Germany Spain Italy France U.K. China India Thailand ANZ GCC South Africa
Key Segments Covered	Component Size of Enterprise Industry Vertical Region
Key Companies Profiled	Honeywell International Inc. Fujitsu Limited Oracle Corp. Tata Consultancy Services Avnet Inc. Zebra Technologies Corp. Wearable Technology Limited TELUS
Customization & Pricing	Available upon Request

Key Segments Covered of Connected Worker Solutions Market

Component

• Hardware
  • Headgear
  • Glasses
  • Mobile Devices / Tabs
  • VR Headsets
  • Sensors / RFID
  • Network devices
• Tools & Software
• Services

Size of Enterprise

• Small and Medium Enterprise
• Large Enterprise

Industry Vertical

• Manufacturing 
  • Automotive 
  • Oil & Gas 
  • Chemicals and materials
  • Food & Beverages 
  • Industrial Goods Machinery
  • Pharmaceutical 
  • Mining and Metal 
  • Others 

• Services

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• Middle East & Africa