Dublin, April 19, 2018 (GLOBE NEWSWIRE) -- The "Smart Worker Market by Offering (Hardware, Software, Service), Connectivity Type (BLE/Bluetooth, LPWAN, WFAN), Industry (Manufacturing, Oil & Gas, Construction, Power & Utilities, Mining), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The smart worker market is expected to be valued at USD 1.87 Billion in 2018 and is likely to reach USD 4.40 Billion by 2023, at a CAGR of 18.69% between 2018 and 2023. This research report segments the global smart worker market on the basis of offerings, connectivity technology, industry, and geography. The report discusses the major drivers, restraints, challenges, and opportunities pertaining to the market and also includes value chain and market ranking analyses. The increasing focus of manufacturing companies on energy efficiency, resource optimization, and reduction in production and operating costs is driving the growth of the smart worker market. Further, the stringency in occupational health and safety regulations across the world, along with the growing adoption of industrial IoT, is contributing to the growth of the smart worker market. However, the requirement of huge capital investment for the deployment of smart worker solutions may restrict the market growth.
The manufacturing industry held the largest market share in 2017. This is attributed to the growing need to increase safety, optimize performance, and enhance productivity. These solutions track real-time information on environmental hazards at workplaces and offer preventive measures to ensure safety and monitor worker health, which are some of the critical areas that affect the direct and indirect cost of manufacturing sites. The market for software is expected to grow at a significant CAGR during the forecast period. With the changes pertaining to the regulations of occupational health and safety across the world, industrial facilities will need to invest more in software solutions to increase the worker's safety and enhance their productivity. North America is expected to hold the largest share of the smart worker market by 2023. Automation in various sectors pertaining to industrial production is expected to increase in the US, which is likely to increase the use of smart wearables by blue-collar workers. The increasing R&D in the field of IoT for new and improved technologies and rising demand for improved lifestyle are the 2 crucial factors driving market growth in North America.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities for Smart Worker Market 4.2 Smart Worker Market, By Offering 4.3 Smart Worker Market, By Industry 4.4 Smart Worker Market in North America, By Country and Industry 4.5 Smart Worker Market, By Country 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Focus of Manufacturing Companies on Energy Efficiency, Resource Optimization, and Reduction in Production and Operating Costs 5.2.1.2 Stringent Occupational Health and Safety Regulations Across the World 5.2.1.3 High Adoption of the Iiot Platform 5.2.2 Restraints 5.2.2.1 Requirement of Huge Capital Investment for Deployment of Smart Worker Solutions 5.2.3 Opportunities 5.2.3.1 Adoption of Ar/Vr in Diverse Industrial Applications 5.2.3.2 Significant Potential for Enhancing Safety and Effectiveness of Fire Services 5.2.4 Challenges 5.2.4.1 Technological Awareness Among Workers 5.3 Value Chain Analysis 6 Smart Worker Market, By Offering 6.1 Introduction 6.2 Hardware 6.2.1 Smart Protective Textile Products 6.2.2 Smart Head Protection Tools 6.2.3 Smart Eyewear 6.2.4 Smart Hearing Protection Devices 6.2.5 Other Smart Safety Equipment 6.3 Software 6.4 Services 7 Smart Worker Market, By Connectivity Technology 7.1 Introduction 7.2 Cellular 7.3 Wi-Fi 7.4 Zigbee 7.5 Ble/Bluetooth 7.6 Low-Power Wide-Area Network (Lpwan) 7.6.1 Narrowband Iot (Nb-Iot) 7.6.2 Long-Range Wide Area Network (Lorawan) 7.6.3 Sigfox 7.7 Wireless Field Area Network (Wfan) 7.7.1 Wireless Highway Addressable Remote Transducer Protocol (Wireless Hart) 7.7.2 Isa100 8 Smart Worker Market, By Industry 8.1 Introduction 8.2 Manufacturing 8.3 Oil & Gas 8.4 Power & Utilities 8.5 Construction 8.6 Mining 8.7 Others 9 Geographic Analysis 10 Competitive Landscape 10.1 Overview 10.2 Ranking Analysis 10.3 Competitive Scenario 10.3.1 Product Launches and Developments, and Demonstrations 10.3.2 Mergers and Acquisitions 10.3.3 Partnerships, Collaborations, and Strategic Alliances 10.3.4 Contracts and Agreements 10.3.5 Expansions 11 Company Profiles 11.1 Key Players 11.1.1 Honeywell 11.1.2 Daqri 11.1.3 Fujitsu 11.1.4 Accenture 11.1.5 Vandrico 11.1.6 Intellinium 11.1.7 Avnet 11.1.8 3M 11.1.9 Oracle 11.1.10 Zebra Technologies (ZIH Corp.) 11.2 Other Companies 11.2.1 Parsable 11.2.2 Rice Electronics 11.2.3 Softweb Solutions (Iot Connect) 11.2.4 Recon Instruments (An Intel Company) 11.2.5 Wearable Technologies Limited 11.2.6 Corvex Connected Safety 11.2.7 Proglove 11.2.8 Smart Track S.R.L 11.2.9 Hiotron 11.2.10 Solution Analysts
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