Connected Worker Devices Market Size And Forecast 2019-2039 (Global)
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Executive Summary
This report provides executives at connected worker device vendors and investors with a detailed analysis of the size and forecast of the global market for connected worker devices for industrial use. According to the market model, spending on connected worker devices will reach $402 million in 2019 and will grow at a compound annual growth rate of 13.1%, to reach $4.3 billion in 2039. Environmental monitoring, proximity warning and vital sign monitoring will dominate the eight identified connected worker device use cases. Drivers of market growth include more stringent regulations in emerging markets, increased visibility of industrial wearables and diminishing technological barriers. Europe, North America and APAC will dominate market share across the 20-year forecast. Industries facing high levels of EHS risk will contribute the most spend, with the oil and gas industry contributing the most.Market Size And Growth Reflects EHS Managers’ Desire For Innovative Technologies
The Market For Connected Worker Devices Will Be Worth $402 Million In 2019
Three Use Cases Will Account For Over Half Of Spend On Connected Worker Devices During 2019
The Connected Worker Device Market Will Grow At A 13.1% Compound Annual Growth Rate To Reach $4.3 Billion In 2039
Figure 2. 2019 Connected Worker Device Market By Region ($millions, %)
Figure 3. 2019 Connected Worker Device Market By Industry Risk Category
Figure 4. 2019 Connected Worker Device Market By Use Case Scenario ($millions, %)
Figure 5. Connected Worker Device Forecast And CAGR 2019-2039
Figure 6. Connected Worker Device Market Forecast By Country 2019-2039 ($millions)
Figure 7. Connected Worker Device Market Forecast By Industry 2019-2039 ($millions)
About the Author
Bill Pennington
VP Research
Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps ...
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