According to the new research report "Smart Worker Market by Offering (Hardware, Software, Service), Connectivity Type (BLE/Bluetooth, LPWAN, WFAN), Industry (Manufacturing, Oil & Gas, Construction, Power & Utilities, Mining), and Geography - Global Forecast to 2023 " The market is expected to be valued at USD 1.87 Billion in 2018 and is likely to reach USD 4.40 Billion by 2023, at a CAGR of 18.69% between 2018 and 2023. Stringency in occupational health and safety regulations across the world, along with the growing adoption of industrial IoT, is contributing to the growth of the smart worker market.
Browse 73 market data Tables and 37 Figures spread through 126 Pages and in-depth TOC on "Smart Worker Market - Global Forecast to 2023"
Early buyers will receive 10% customization on reports.
Hardware segment to hold largest size of smart worker market by 2023
The hardware segment is expected to dominate the smart worker market during the forecast period. Smart worker solutions consist of several high-priced hardware and live line tools, such as protective textile equipment, head protection equipment, eyewear and hearing protection devices. These tools, being highly important to send and receive data, need to be deployed initially in the smart worker solution implementation stage.
Smart worker market for oil & gas to grow at highest CAGR between 2018 and 2023
Among all industries, the smart worker market for the oil & gas industry is likely to grow at the highest CAGR during the forecast period. The use of IoT-enabled smart worker solutions help oil and gas companies to monitor workers’ health and improve their safety in hazardous environments.
North America held largest share of smart worker market in 2017
North America held the largest share of the smart worker market in 2017. There is a need to reduce the operational cost in industrial facilities owing to the growing price war in this region. The rising demand in the manufacturing, oil & gas, and power & utilities industries to improve the worker performance and safety and reduce the overall operational costs. This is the key factor for a large market share of this region in the smart worker market.
The report profiles the key players in the smart worker market. The competitive landscape of the market presents an interesting picture of the strategies adopted by these players to grow in the market. Some key players in this market are Honeywell (US), DAQRI (US), Fujitsu (Japan), Accenture (Republic of Ireland), Vandrico (Canada), Intellinium (France), Avnet (US), 3M (US), Oracle (US), Zebra Technologies (US), Parsable (US), Rice Electronics (US), Softweb Solutions (US), Recon Instruments (Canada), Wearable Technologies Limited (UK), Corvex Connected Safety (US), ProGlove (Germany), Smart Track (Italy), hIOTron (India), and Solution Analysts (India).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441