What is Smart Worker Market?
The smart worker is that the term used to define the usage of advanced technology to enhance the potency and productivity of the services. The utilization of IoT-based platforms within the oil and gas, automotive, manufacturing, and different trade, to monitor and analyze the method in an efficient method is one of the examples of smart worker solutions. It proves helpful for the worker’s safety within the toxic surroundings. A growing focus of manufacturing companies on energy efficiency, resource optimization, and reduction in production and in operation prices and rising adoption of business IoT, and stringent rules in occupational health and safety rules across the world are the main factors driving the expansion of the worldwide smart worker market. However, large initial investments for the deployment of smart worker solutions and lack of technological awareness among blue-collar employees are the key restraining factors for the market growth.
The market study is being classified by Type (Hardware, Software and Service), by Application (Manufacturing, Oil & Gas, Mining, Construction, Power & Utilities and Others) and major geographies with country level break-up.
Honeywell (United States), DAQRI (United States), Fujitsu (Japan), Accenture (Republic of Ireland), Vandrico (Canada), Intellinium (France), Avnet (United States), 3M (United States), Oracle (United States), Zebra Technologies (United States), Parsable (United States), Rice Electronics (United States), Softweb Solutions (United States), Recon Instruments (Canada) and Wearable Technologies Limited (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Corvex Connected Safety (United States), ProGlove (Germany), Smart Track (Italy), hIOTron (India) and Solution Analysts (India).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Smart Worker market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Smart Worker market by Type, Application and Region.
On the basis of geography, the market of Smart Worker has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The Growing Focus of Industries on The Manufacturing Operations
- Increasing Need for Research Optimization
Market Trend
- Rising Adoption of Industrial IoT
- Growing Attention of The Manufacturing Industry for Energy-Efficient Sources
Restraints
- Stringent Regulations of the Government
- Huge Initial Investments for Deployment of Smart Worker Solutions
Opportunities
- Increasing Advancement in The Software and Services
Challenges
- Lack of Technological Awareness Among Blue-Collar Workers
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Smart Worker, Venture Capitalists and Private Equity Firms and End-Use Industry