Growing Connected Worker Market projected to reach $43.3 billion by 2032, driven by post-pandemic remote work demand
From GlobeNewswire: 2025-01-15 09:00:00
The Connected Worker Market was valued at USD 5.6 billion in 2023, expected to reach USD 43.3 billion by 2032, with a 25.42% CAGR. Demand for remote work solutions and real-time workforce monitoring is increasing due to post-pandemic necessities. Various industries like manufacturing, construction, and healthcare are adopting connected worker technologies for improved efficiency, safety, and operational performance.
Key players in the market include Honeywell, Microsoft, PTC Inc., Epson, Zebra Technologies, and more. The market scope covers a CAGR of 25.42% from 2024-2032, with key regional coverage in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Growth drivers include the adoption of smart helmets, AR glasses, and IoT-enabled devices for enhanced productivity and safety.
The hardware segment dominated the market in 2023 with a 42.83% share, driven by wearable devices, IoT sensors, and AR glasses for real-time monitoring. Software solutions are expected to grow at the highest CAGR, integrating AI, machine learning, and big data for actionable insights into workforce performance and safety. Cloud deployments lead with a 73.0% share due to scalability and accessibility, while on-premises solutions are expected to witness a higher CAGR, particularly in sectors prioritizing security and compliance.
The market is segmented by component, deployment, and end-use, including manufacturing, mining, oil and gas, construction, and other sectors. North America leads with a 41.0% market share in 2023, driven by strong technological infrastructure and the adoption of digital solutions in industries like manufacturing, oil & gas, and healthcare. APAC is expected to register the fastest CAGR, reflecting the growing adoption of connected worker technologies in the region. The Asia-Pacific region is driving growth in the connected worker market due to rapid industrialization and adoption of Industry 4.0. Siemens and Cisco have launched advanced solutions in 2024, including AR training platforms and enhanced collaboration tools for remote workers in manufacturing. For more information, visit the SNS Insider report at https://www.snsinsider.com/reports/connected-worker-market-1497.
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