Global Connected Worker Market Expected to Reach USD 37.11 Billion by 2030
As per a recent report, the global connected worker market is projected to grow significantly, reaching a value of USD 37.11 billion by 2030. This growth is anticipated to be driven by various factors, including the increasing demand for 5G networks in industrial applications such as manufacturing facilities and logistics.
A connected worker is an IT solution that allows remote workers to collaborate safely and efficiently with the company’s central control system. This solution provides real-time critical information to remote or field workers at their actual point of work, enabling them to perform their tasks effectively.
Key Market Drivers:
The rise in demand for 5G networks in industrial settings like manufacturing and logistics is expected to fuel market growth in the coming years. The adoption of Artificial Intelligence (AI) and digitalization in the industrial sector has created a need for networks with enhanced connectivity, further driving the demand for private 5G networks globally.
5G technology offers improved capabilities such as lower latency, increased reliability, and enhanced security, making it a suitable option to meet the evolving business requirements. Additionally, the essential need for wireless communication in industrial operations is anticipated to create new opportunities for 5G networks in the near future.
Top Companies in the Market:
The report identifies key players in the global connected worker market, including renowned names such as 3M Company, Accenture PLC, Intel Corp., IBM, and many others. These companies play a crucial role in shaping the market landscape and driving innovation in connected worker solutions.
Market Segmentation:
The connected worker market is categorized based on components, technology, deployment, and end-user industries. Segments include hardware, software, RFID location triangulation, Wi-Fi, cellular, on-premise deployment, cloud deployment, and industries like manufacturing, healthcare, construction, mining, oil & gas.
Future Outlook:
With advancements in technology and the increasing adoption of connected worker solutions, the market is poised for significant growth. Companies are leveraging these IT solutions to enhance collaboration and efficiency among remote workers, thereby driving productivity and improving overall operational performance.
In conclusion, the global connected worker market is forecasted to show substantial growth in the coming years, thanks to the increasing demand for advanced networking technologies and the need for seamless communication in industrial settings. As companies continue to prioritize remote work capabilities, the market for connected worker solutions is expected to expand, offering new opportunities for innovation and growth.
