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With the Outbreak of COVID-19, Global Connected Worker Platform Industry Market Will Continue to Grow

Connected worker platforms help industrial companies plan, schedule, and monitor complex manufacturing and supply chain operations across multiple locations and teams. This type of software enables companies to correctly plan and assigns work orders and fosters collaboration and information sharing between employees. Connected worker platforms are used by production supervisors and inventory managers to schedule and assign work orders and by employees to execute the work assigned to them.

The cloud-based Connected Worker platform allows users to access software applications running on shared computing resources (for example, processing power, memory and disk storage) via the Internet. The cloud is particularly valuable to small and medium-sized businesses because it provides access to fully functional applications at a reasonable price without large upfront expenditures for hardware and software. The internally deployed interconnected worker platform software is installed on the internal computers of the individuals or organizations that use the software, rather than running in remote facilities such as server farms or clouds. By installing and running the interconnection worker platform software on the internal hardware of companies, corporate employees can physically access data and can directly control the configuration, management and security of computing infrastructure and data. The hybrid network interconnection worker platform runs in the same environment by using traditional networking and software-defined network protocols. In 2019, the market shares of these three types of connected worker platforms were 54.37%, 25.86%, and 19.77%.

Plants/assets/equipment in asset-intensive industries such as oil and gas have shorter uptime due to the inefficient collaboration of their mobile employees and increasing cost pressures in a turbulent market. Many organizations still rely heavily on paper-based processes to perform daily maintenance tasks, inspections, and inventory movements, resulting in accuracy, inefficiency and maintenance backlogs. The innovative connected worker platform has a complete oil and gas asset management software suite that will digitize key business activities and core operating processes. In the new industrial era, manufacturing companies that fail to establish synergy between performance data and operations may lose their competitive advantage. Connected Worker Platform provides a powerful suite of mobile solutions that can automate from top to bottom, optimize and simplify enterprise manufacturing and supply chain operations. The connected worker platform better manages the safety, risk and efficiency of employees in the construction market. The mining industry is one of the most dangerous and demanding industries in the industrial economy, which makes managing fixed assets, remote workers, and business activities a difficult task for the leadership team. The Connected Worker Platform will align business activities with real-time performance data to improve safety, operational efficiency and profitability. The Connected Worker Platform solution enables employees of electric power and utilities to do things the first time to reduce the cost and inconvenience of multiple visits. By ensuring that workers have a comprehensive understanding of the project and prepare the correct equipment to arrive at the site in advance, they can maintain safety and achieve the first-time resolution rate to meet customer expectations.

North America was the largest revenue market with a market share of 44.82% in 2015 and 43.26% in 2019, a decrease of 1.56%. In 2019, the Europe market share was 29.86%, ranking second. Connected Worker Platform sale companies are mainly from North America and Europe; the industry concentrate rate is not high. The top three companies are Honeywell International, IBM and Intel with the revenue market share of 9.18%, 6.90% and 6.70% in 2019.

The epidemic has caused manufacturing companies to suspend production and work, and the survival challenges for companies continue to increase. When the pause butto is pressed for large-scale personnel flow, companies need to make full use of this precious time to train employees in vocational skills. On the other hand, in the process of resuming work and production, taking into account the needs of epidemic prevention and control, remote operation and maintenance of key production equipment can also be carried out under limited personnel, and production capacity can be restored from the local start. This requires manufacturing companies to have sufficient digital capabilities to remotely carry out production construction and capacity recovery. Digital transformation is not only essential to take advantage of new growth opportunities for scale expansion, but also to determine the future of certain companies and industries. In 2020, in the context of the general sluggish development of various industries, the global worker interconnection platform will continue to grow in market value with its advantages in information technology, reaching 3,369.18 M USD.

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As all parts of the world enter a critical period for the prevention and control of the COVID-19 epidemic, quarantining personnel and working from home are still the best measures. How to restore the production operations of enterprises and public institutions to the greatest extent while reducing the flow of people and reduce the negative impact of the epidemic on business activities and industrial economy has become an urgent issue that needs attention. The interconnected worker platform has the advantages of information aggregation, online operations, remote collaboration, and remote services. In the face of the severe situation of the epidemic and the urgent need for enterprises to resume work, connected worker platform companies are accelerating the development of industrial enterprises to help enterprises achieve efficient, convenient, online, and collaborative working models and reduce the impact of the epidemic.

Global Connected Worker Platform Industry Market Will Continue to Grow

According to our research, the Global Connected Worker Platform market has a total sales value of 1632.48 M USD back in 2015, and increased to 3076.92 M USD in 2019. We made a series of functional calculation and deduced the data of past 5 years with scientific model. Finally, we made the prediction that the value of Connected Worker Platform markets can be 7287.46 M USD by 2025. The CAGR of Connected Worker Platform is 16.68% from 2020 to 2025.

Due to the common experience of COVID-19, enterprise digital applications will continue to surge. Companies that have embarked on this path are gaining valuable experience to improve their use and continue to develop on the basis of success, and those companies that have been slower to adopt these tools are now learning the power they possess. Employees who have resisted change now welcome these tools with open arms so that they can continue to work. In the process of enterprise transformation, they are realizing that technology is a powerful promoter. These lessons and experiences will lead service organizations to be ready to embrace digital services in a way they have never had before. Since the COVID-19 outbreak, the use of augmented and merged reality solutions has grown exponentially, and the value these technologies provide companies in terms of business continuity is inestimable.

The growth of the Connected Worker Platform market is partially driven by market demand. With the global economic growth, the industry of downstream applications of Connected Worker Platform is also expanding, especially in the Oil & Gas industry. The expansion of the downstream application industries continues to play an active role in the expansion of the Connected Worker Platform market. At the same time, the policies of the Connected Worker Platform industry in various regions are becoming stricter. This may become a factor that hinders Market growth.

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