[FURL=https://www.industryarc.com/Research/Smart-Worker-Market-Research-505367?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Smart Worker Market[/FURL] Smart Worker Market size was valued at US$ 2.15 billion in 2020 and is projected to reach US$ 7.12 billion by 2026 growing at a CAGR 17.89% during the forecast period 2021-2026. Increasing penetration of industrial IoTs facilitating the implementation of industry 4.0, smart cities or smart ports ensuring energy efficiency, resource optimization and reduction of operational costs while improving workers’ safety is set to drive the Smart Worker Market during 2021-2026. Rising government policies for ensuring occupational health and safety regulations in workplaces to mitigate the risks associated with workers’ safety are contributing to the growth of the market. Increasing adoption of smart personal protective equipment (PPE) such as smart hearing protection devices, smart headgear, smart glasses in connected factories utilizing Bluetooth low energy.Key Takeaways
Utility sector is anticipated to witness the highest growth between 2021 and 2026 owing to the rising adoption of smart utility initiatives.
North America is estimated to dominate the market during 2021-2026 owing to high investments towards up-gradation of advanced technologies and stringent government regulations for workers’ safety.
Increasing adoption of smart factories, smart utility, and rising government policies for mitigating occupational risks and health hazards are augmenting the market.
High capital investment during deployment is one of the challenges impeding the growth of the market.
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Smart Worker Market Segment Analysis- By Geography
By Geography, Smart Worker Market has been segmented under North America, Europe, APAC, South America, and RoW. North America dominated the Smart Worker Market in 2020 acquiring a share of 35% and is estimated to hold the major share with a CAGR of 12.78% during 2021-2026 owing to high investments towards up-gradation of latest technologies and stringent government regulations about workers’ safety. For instance, in September 2019, Braskem Idesa’s petrochemical plant in Mexico adopted Honeywell’s intelligent wearable to gain better operational productivity and employee safety and such developments are augmenting the market in this region.
Smart Worker Market Drivers
Increasing adoption of smart factories are contributing towards smart worker market growth
Increasing government regulations for ensuring workers’ safety is stimulating the market
Smart Worker Market Landscape
Smart Worker top 10 companies include Honeywell International, Inc., Accenture PLC, Fujitsu Ltd., Intel Corporation, Oracle Corporation, Wearable Technologies Ltd., Parsable, Inc., 3M Company, Softweb Solutions Inc., Zebra Technologies Corporation
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