Market Size And Forecast: Connected Worker Solutions 2021-2026 (Global)

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Executive Summary

This report helps investors, as well as executives at firms providing hardware or software for connected worker solutions, to understand the current state and size of the market, as well as the trends and drivers that will shape it into 2026. The report also considers the size of the 2021 connected worker solutions market in relation to prior forecasts. This study finds that the market was worth $1.35 billion in 2021 and will grow to $3.0 billion by 2026, at a CAGR of 17.2%. Growth will be driven by labour and skills shortages, a rising focus on worker engagement in health and safety best practices, and productivity benefits. Barriers include pricing, the growing threat of a global recession and privacy issues. 

Table of contents

Spend on Connected Worker Solutions Continues to Rise 
Market Data Includes 96 Connected Worker Solutions Provider Revenues 
The Connected Worker Solutions Market Was Worth $1.35 Billion in 2021
Labour Shortages Drive Demand For Connected Worker Solutions
High Costs And Inflationary Pressures Temper The Growth Of The Connected Worker Solutions Market
The Connected Worker Solutions Market Will Reach $3.0 Billion In 2026

Table of figures

Figure 1. 2021 Connected Worker Solutions Market Size By Category 
Figure 2. 2021 Connected Worker Solutions Market Size By Region 
Figure 3. 2021 Connected Worker Solutions Market Size By Use Case (Hardware) 
Figure 4. 2021 Connected Worker Solutions Market Size By Use Case (Software) 
Figure 5. Drivers And Barriers For the Connected Worker Solutions Market 
Figure 6. Connected Worker Solutions Market Forecast For 2021-2026 
Figure 7. Connected Worker Solutions Market Forecast By Category 2021-26 
Figure 8. Connected Worker Solutions Market Forecast By Region 2021-26 
Figure 9. Connected Worker Solutions Market Forecast By Use Case (Hardware) 2021-26 
Figure 10. Connected Worker Solutions Market Forecast By Use Case (Software) 2021-26 

About the authors

Hugo Fuller

Industry Analyst

Hugo is an industry analyst in the Verdantix Operational Excellence practice. His research agenda explores the technologies within the extended reality and connected worker market, alongside enterprise asset management software. In advisory, his work includes go-to-market, growth strategy and long-term research partnerships.

Henry Kirkman

Analyst

Henry is an Analyst in the Verdantix Operational Excellence practice. His current research agenda focusses on connected worker solutions and technologies for industrial asset maintenance. Prior to joining Verdantix, Henry was completing his Masters degree in Civil Engineering from the University of Exeter. Here, he designed an innovative internal structure for a unmanned aerial vehicle used for offshore wind turbine inspections.

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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