Smart manufacturing practices with increased adaptability, digitalization is expected to boost the growth of connected worker market by 23% during 2020-2030
Large enterprises are expected to bolster demand of connected worker solutions due to large disposable funds to implement advanced technologies within their ecosystem
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- The global connected worker solutions market witnessed a CAGR of 19.9% during the historical period, 2015-2019. Digitalization, emergence of IoT and industry 4.0 have been the growth drivers during the forecast period. For instance, supply chain digitalization with the integration of connected worker solutions is expected to offer opportunities for the market. Global connected worker solutions market is projected to expand at a CAGR of around 23% during 2020-2030.
Smart manufacturing practice involves deployment of computer-integrated manufacturing with upgraded features. Connected worker solutions assist industrial activities with the cohesive experience of proficiency in real team.
Besides this, IT/OT convergence offers immense opportunities for manufacturing processes by utilizing IT with OT components. The convergence has offered opportunity for real-time visibility and thorough understanding of manufacturing processes. Thereby supporting the overall market.
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Moreover, Industrial IoT is spreading across various manufacturing sectors and this is ultimately reshaping modern manufacturing process.
In addition to this, majority of companies such as Honeywell, Oracle and Intel in the US, incorporation of connected worker solutions across wide variety of industrial use to provide immense opportunity.
Key market players in the market are focusing on launch of products with enhanced asset connectivity. Moreover, company also plans to launch improved product offerings and targeted acquisitions. For instance,
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