Smart Worker Market – Global Industry Analysis and Forecast (2023-2029) by Type, Application and Region

Smart Worker Market is expected to reach US$ 11.28 Bn. by 2029, at a CAGR of 18.69% during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.



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Global Smart Worker Market is segmented by Offering, Connectivity Technology, Industry, and Geography. By offering, a market is segmented into Software, Hardware, and Services. On the basis of connectivity technology market is divided into Zigbee, Cellular, Wi-Fi, Low-Power Wide-Area Network (Lpwan), Wireless Field Area Network (Wfan), and Ble/Bluetooth. By industry smart worker market is segmented into Oil & Gas, Power & Utilities, Manufacturing, Mining, Construction, and Others.

A growing focus of manufacturing companies on energy efficiency, resource optimization, and reduction in production and operating costs and rising adoption of industrial IoT, and stringent regulations in occupational health and safety regulations across the globe are the major factors driving the growth of the global smart worker market.

However, huge initial investments for deployment of smart worker solutions and lack of technological awareness among blue-collar workers are the key restraining factors for the market growth.
Further key findings from the report:
• From the industry segment, the oil & gas industry is anticipated to experience higher growth rates between 2019 and 2026. The wide use of IoT enabled the smart worker in oil & gas industry to monitor health workers would drive the smart worker market in this segment. However, the manufacturing industry held the largest share of smart workers market in 2016
• From the offering segment, smart worker market for the software segment is expected to grow at the highest growth rates during the forecast period. This can be attributed to its ability to enable supervisors to track time, wellness, safety location and working environment of workers
• Among geographical regions, North America accounted for the largest share of the global smart workers market and is anticipated to dominate the market in near future. The growth of this region can be attributed to the presence of large manufacturing and oil and gas companies operating in this region
Smart Worker Market Key Highlights:
• Analysis of competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Global Smart Worker Market
• The objective of the report is to provide a detailed analysis of the Global Smart Worker Market on the basis of the offering, connectivity technology, industry, and geography
• Complete quantitative analysis of the industry from 2022 to 2029 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Analysis of the Global Smart Worker Market with respect to individual growth trends, prospects, and contribution to the total market
• Segment wise business performance detailed in a report will be worthwhile for the organizations willing to enhance its business
• Provides detailed information regarding the major factors influencing the growth of the Global Smart Worker Market (drivers, restraints, opportunities, and challenges)
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business
Smart Worker Market Research Methodology
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at a country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Smart Worker Market.
Smart Worker Market scope: Inquire before buying
Research report categorizes the Global Smart Worker Market based on the offering, connectivity technology, industry, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Smart Worker Market with key developments in companies and market trends.



Smart Worker Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 3.40 Bn.


Forecast Period 2023 to 2029 CAGR:
18.69%
Market Size in 2029:
US $ 11.28 Bn.


 Segments Covered:
by Offering
• Software
• Hardware
• Services


by Connectivity Technology
• Zigbee
• Cellular
• Wi-Fi
• Low-Power Wide-Area Network (Lpwan)
• Wireless Field Area Network (Wfan)
• Ble/Bluetooth


by Industry
• Oil & Gas
• Power & Utilities
• Manufacturing
• Mining
• Construction
• Others



Smart Worker Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Smart Worker Market Key Players:
• Honeywell
• Fujitsu
• Daqri
• Accenture
• Intellinium
• Vandrico
• 3M
• Avnet
• Zebra Technologies (ZIH Corp.)
• Oracle
Smart Worker Market,Key Target Audience:
• Smart worker solution providers
• End users of smart worker solutions
• Smart worker solution distributors
• End-users/enterprise-users
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data center professionals

Frequently Asked Questions:

1. Which region has the largest share in Global Smart Worker Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Smart Worker Market?
Ans: The Global Smart Worker Market is growing at a CAGR of 18.69% during forecasting period 2023-2029.

3. What is scope of the Global Smart Worker Market report?
Ans: Global Smart Worker Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Smart Worker Market?
Ans: The important key players in the Global Smart Worker Market are – Honeywell, Fujitsu, Daqri, Accenture, Intellinium, Vandrico, 3M, Avnet, Zebra Technologies (ZIH Corp.), and Oracle.

5. What is the study period of this Market?
Ans: The Global Smart Worker Market is studied from 2022 to 2029.