Connected Worker Market: Summary

The benefits of the emergence of a digital era are visible through many aspects across the globe. Today, every individual and business is digitally connected through one or the other way. While every business and sector is proceeding toward digital connectivity, the manufacturing sector was lagging in some aspects.

Every worker at the manufacturing plant was earlier chalking all the data of the day-to-day activities manually. With the advent of connected worker technology, the manufacturing sector has transcended into an era of connectivity, thus reducing human errors and enhancing digitalization in operations smoothly. This allows the manufacturers to prevent gridlocks and escalate efficiency.

A connected worker solution is a software or platform which allows the manufacturers to derive real-time visibility in their processes by digitization and augmented operator workflow. The transcendence toward these platforms on a large scale may assist the global connected worker market to gain great growth across the assessment period of 2020-2030.

Connected Worker Market: Competitive Analysis

Although the connected worker market is in its nascent stages, it is highly fragmented with a diverse range of players from small startups to large tech-giants. This factor makes the competition interesting. As many manufacturing companies gear up for transforming their factory into the ‘Factory of the Future’, the players in the connected worker market strive hard to design platforms that help the factories to connect seamlessly without any barriers or bugs.

To create awareness among the manufacturers of various sectors, the players design advertising strategies and display their platforms at various exhibitions and tech-meets. This factor helps in the magnified generation of revenue. The players are also involved in activities like mergers, acquisitions, partnerships, collaborations, and joint ventures for expanding their dominance.

Some well-established players in the connected worker market are Vandrico Solutions Inc., Honeywell International Inc., Intel Corporation, SAP SE, Oracle Corporation, and Avnet Inc.

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Connected Worker Market: COVID-19 Impact

Some tremors in the growth rate of the connected worker market were observed during the strict lockdown imposition period applied by various countries on the grounds of COVID-19. As the countries relaxed some restrictions and allowed manufacturing facilities to operate, the demand for connected worker solutions increased greatly.

Remote assistance to the workers and the ‘track and trace’ initiatives with the help of Augmented Reality (AR) technology are some of the features that have led to an increase in demand for connected worker platforms.

Connected Worker Market: Uses across Different Work Categories

Connected worker platforms are used across people associated with different work categories. Some prominent work types are as follows:

Executives: Novel connected worker not just connect on-field workers but also executives with the workers in the plant to enable smooth resource allocation to the workers.

Operators: When operators are integrated with connected worker platforms, the complexity of their tasks is reduced with the help of a connected infrastructure. This infrastructure assists better than manually jotted down SOPs.

Field workers: On-field workers are connected seamlessly with remote workers and support systems with the help of connected worker platforms.

Connected Worker Market: Benefits

Some benefits of connected worker platforms are as follows:

  • Real-time access to all data
  • Enhanced visibility of on-field work
  • Strong error-elimination
  • Simpler asset management
  • Increased support for the geriatric workforce
  • Efficient and collaborative manufacturing systems

Connected Worker Market: Geographical Prospects

North America may emerge as a prominent growth contributor for the connected worker market across the assessment period of 2020-2030. A significant factor is the large presence of players involved in the connected worker market across various countries in the region. The connected worker market is also increasing its influence in Asia Pacific as several industries are present in the region.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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