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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The following regional segments are covered comprehensively:
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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?
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10. What will be the barrier to entry for new players in the market?
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