New York, NY -- (SBWIRE) -- 11/28/2018 -- The Global Connected Worker market is estimated to grow at a CAGR of 20.5% from 2018 to 2026 according to a new report published by Polaris Market Research. The new report 'Connected Worker Market [By Component (Hardware, Software, Services) By Deployment Model (On-Premise, Cloud-Based) By End-User (Manufacturing, Construction, Mining, Oil and Gas, Others), By Regions]: Market Size & Forecast, 2018 – 2026' indicates that the global Connected Worker market generated $1.7 billion in 2017.

According to a new study published worldwide Connected Worker Market is expected to reach $8.9 Billion in 2026, from $1.7 billion in 2017 at a CAGR of 20.5%.

A connected worker uses digital and IoT technologies to maximize accuracy and efficiency, eliminate manual processes and ensure regulatory compliance, while minimizing safety costs and preventing incidents. The connected worker ecosystem comprises a variety of sensors integrated into wearables such as helmets, watches, and eyewear, gateways and access points, a platform layer that consists of device management and data analytics capabilities among others. The connected worker ecosystem offers improved efficiency and productivity, increased proactive visibility into workforce operations, faster response times, and reduced safety incidents and accidents.

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Top companies Profiles:

Accenture, Oracle Corporation, 3M Company, Honeywell International Inc., Fujitsu Ltd., Zebra Technologies, Wearable Technologies Limited, Avnet, Inc., Vandrico Solutions Inc., and Smart Track S.R.L.

The growing need to improve workforce productivity, streamline operations, and provide a collaborative working environment has boosted the connected worker market growth. The penetration of mobile devices, and increasing trend of BYOD further support the growth of the connected worker market. Additionally, the growing need to achieve higher efficiency, and productivity in manufacturing factories has supported the connected worker market growth over the years. Increasing investments by vendors in technological advancements coupled with growing adoption of cloud-based and IoT technologies would accelerate the connected worker market growth during the forecast period. Growing demand from emerging economies, and technological advancements is expected to provide numerous growth opportunities in the coming years.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Connected Worker Market, 2018-2026. This Connected Worker market report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

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North America generated the highest revenue in 2018. The presence of established telecom and cloud infrastructure in this region, and growing trend of BYOD and IoT drive the connected worker market growth in the region. The growing demand of mobile devices, and technological advancements further support connected worker industry growth in the region.

Competitive Landscape and Key Vendors

The global Connected Worker market is characterized by the presence of well-diversified international and small and medium-sized vendors. Leading companies are acquiring other companies, and enhancing their product offerings to improve their Connected Worker market share. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Key Segments

Component

- Hardware
- Software
- Services

Deployment Model

- On-Premise
- Cloud-Based

End-User

- Manufacturing
- Construction
- Mining
- Oil and Gas
- Others

Region

- North America
o U.S.
o Canada
o Mexico

- Europe

o Germany
o UK
o France
o Italy
o Rest of Europe

- Asia-Pacific

o China
o India
o Japan
o Rest of Asia-Pacific

- Latin America

o Brazil
o Rest of Latin America

- Middle East and Africa

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