Driven by the rising demand for remote work solutions, workforce efficiency, and real-time communication, the Connected Worker Market is experiencing substantial growth.
Pune, Jan. 15, 2025 (GLOBE NEWSWIRE) — Connected Worker Market Size Analysis:
“The SNS Insider report indicates that the
Major Players Analysis Listed in this Report are:
- Honeywell International Inc. – Honeywell Safety Suite
- Microsoft – Microsoft HoloLens
- PTC Inc. – Vuforia Augmented Reality Platform
- Epson – Epson Moverio Smart Glasses
- Zebra Technologies – Zebra Savanna
- RealWear – RealWear HMT-1
- Vuzix – Vuzix M400 Smart Glasses
- Atheer – Atheer Air AR Platform
- Taqtile – Manifest AR Platform
- Librestream – Onsight AR Platform
- Immersive Labs – Immersive Learning Platform
- Google Cloud – Google Glass Enterprise Edition
- Scope AR – Scope AR WorkLink
- Upskill – Upskill Skylight
- Samsung Electronics – Samsung Galaxy XCover Pro
- Airbus – Skywise Connected Worker
- Iris Automation – Casia Autonomous Drones for Worker Monitoring
- Qualcomm – Snapdragon XR
- Autodesk – Autodesk Construction Cloud
- Honeywell Intelligrated – Intelligrated Robotics
Connected Worker Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | US$ 5.65 Bn |
| Market Size by 2032 | US$ 43.34 Bn |
| CAGR | CAGR of 25.42% from 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | • Rising adoption of smart helmets, AR glasses, and wearable sensors to enhance worker productivity and safety.
• Integration of IoT-enabled devices for real-time communication and operational efficiency. • Faster and more reliable connectivity enabling seamless data transmission and platform optimization. |
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Connected Worker Market by Component: Hardware Dominates with 42.83% Share, Software to Register Fastest Growth
The hardware segment dominated the market and accounted for the largest share 42.83%, of the Connected Worker Market in 2023. This dominance can be attributed to the growing adoption of wearable devices, IoT sensors, and AR glasses that are necessary for real-time monitoring of worker health, safety, and performance.
The software Segment of the Connected Worker Market is expected to grow at the Highest CAGR during the forecast period, such growth can be associated with the requirement for software platforms that provide real-time monitoring, analytics, and integration with wearables and IoT sensors platforms. Software solutions are being enhanced by advances in AI, machine learning, and big data into a more sophisticated level of technology that provides actionable insights into the performance and safety of the workforce. Connected Worker Market by Deployment: Cloud Leads with 73.0% Share, On-Premises to Register Fastest CAGR
The cloud segment dominated the market and represented a significant revenue share of 73.0% in 2023 due to its scalability, cost-effectiveness, and accessibility. The flexibility that a cloud-based platform provides with storing data and accessing it in real-time, along with integration with various IoT devices, wearables, and software solutions opens up a lot of possibilities. Cloud deployments allow organizations to process large amounts of data without the hassle of overseeing multiple locations, and are ideal for industries with numerous operational endpoints. With the growing trend of companies adopting remote work and digital transformation strategies, the cloud deployment segment will continue to grow.
On-premises segment is expected to register the highest CAGR during the forecast period. Industries like healthcare, government, and manufacturing that have high priorities for security, data control, and compliance push this growth. These sectors usually need tailor-made solutions that could be 100% managed at their locations. Local requires help with increasing worries about data security and privacy, this segment is expected to witness rising adoption of on-premises deployments.
Connected Worker Market Segmentation:
By Component
- Hardware
- Software
- Services
By Deployment
- Cloud
- On-Premises
By End – Use
- Manufacturing
- Mining
- Oil and Gas
- Construction
- Other
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Connected Worker Market Regional Analysis: North America Leads with 41.0% Share, APAC to Register Fastest CAGR
North America dominated the market and represented a significant revenue share of more than 41.0% in 2023, driven by factors such as strong technological infrastructure, an increase in the adoption of digital solutions, and technologically advanced industries such as manufacturing, oil & gas, and healthcare. High adoption of connected worker technologies in industries is observed in the U.S. and Canada with wearables, IoT sensors, and AI-based technologies for improved safety, productivity, and workforce management.
The connected Worker Market is expected to grow at the highest CAGR in the Asia-Pacific (APAC), Due to Region rapid industrialization, the adoption of Industry 4.0, and the growing manufacturing sector in countries like China, India, and Japan are driving this growth. With the workforce being vast and diverse, several APAC enterprises are gaining productivity, safety, and operational efficiency by adopting connected worker technologies.
Recent Developments in Connected Worker Market: Siemens and Cisco Launch Advanced Solutions in 2024
In February 2024 Siemens unveiled an advanced connected worker platform that uses augmented reality (AR) to improve training and on-site support for field technicians, reducing downtime and increasing operational efficiency.
In March 2024 Cisco introduced an upgraded collaboration platform for connected workers, featuring advanced video conferencing, real-time communication, and data-sharing capabilities, designed to enhance remote work capabilities in manufacturing.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Connected Worker Market Segmentation, By Component
8. Connected Worker Market Segmentation, by Deployment
9. Connected Worker Market Segmentation, by End-users
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practices
13. Conclusion
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The post Connected Worker Market to USD 43.3 Billion by 2032, Owing to Increased Demand for Remote Work Solutions and Workforce Efficiency | Research by SNS Insider first appeared on CXP – Customer Experience Asia.