Growth Opportunities in the Augmented Connected Worker Sector, Global, 2023 2030

Growth Opportunities in the Augmented Connected Worker Sector, Global, 2023 2030

Internal Challenges are Driving Transformational Growth in Industrial Software

RELEASE DATE
04-Sep-2024
REGION
Global
Deliverable Type
Market Research
Research Code: KA88-01-00-00-00
SKU: IA_2024_1001
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$4,950.00
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SKU
IA_2024_1001

Growth Opportunities in the Augmented Connected Worker Sector, Global, 2023 2030
Published on: 04-Sep-2024 | SKU: IA_2024_1001

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Manufacturing tasks are becoming increasingly complex—frontline workers must interact with multiple vertical systems on a daily basis and companies are finding it difficult to find and train suitable new workers. Additionally, an increasing number of small and medium-sized manufacturing companies are beginning their digital transformation. Many vendors that offered point solutions in augmented reality (AR), safety and risk management, learning, maintenance, remote collaboration, and field service spaces have realized the potential value of having frontline workers use a single pane of glass for all of their daily activities. This is giving the augmented connected worker (ACW) significant exposure across multiple industry verticals. The ACW market is currently experiencing a high wave of growth, which is expected to increase during the next five years.
This Frost & Sullivan analysis presents a segmentation of the ACW market by region and by industry type (process, hybrid, and discrete) manufacturing. The analysis examines 18 different end-user industries.

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Augmented Connected Worker Industry

Definition

Scope of Analysis

ACW Functionalities

ACW Functionalities (continued)

Segmentation by End-user Industry

Segmentation by Region

Key Competitors

AR, VR, and Mixed Reality (MR)

ACW and AI

The ACW’s Impact on UN Sustainable Development Goals

The ACW’s Impact on UN Sustainable Development Goals (continued)

ACW and Total Productive Maintenance (TPM)

Overlap/Integration with Other Systems

Moving to the Cloud

Benefits of the ACW

Benefits of the ACW (continued)

Hardware

Technological Enablers for AR and VR

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Considerations

Revenue Forecast

Revenue Forecast by Region

Revenue Forecast by Industry Type

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Pricing Trends and Forecast Analysis

Competitive Environment

Competitive Environment (continued)

Competitive Environment (continued)

Competitive Environment (continued)

Competitive Environment (continued)

Revenue Share

Revenue Share Analysis

Revenue Share Analysis (continued)

Revenue Share by Industry Type, Offering, and Region

Growth Metrics

Revenue Forecast—Process Manufacturing

Revenue Forecast by End-user Industry—Process Manufacturing

Forecast Analysis—Process Manufacturing

Growth Metrics

Revenue Forecast—Hybrid Manufacturing

Revenue Forecast by End-user Industry—Hybrid Manufacturing

Forecast Analysis—Hybrid Manufacturing

Growth Metrics

Revenue Forecast—Discrete Manufacturing

Revenue Forecast by End-user Industry—Discrete Manufacturing

Forecast Analysis—Discrete Manufacturing

Forecast Analysis—Discrete Manufacturing (continued)

Growth Metrics

Revenue Forecast—APAC

Revenue Forecast by Industry Type—APAC

Revenue Forecast by End-user Industry—APAC

Forecast Analysis

Growth Metrics

Revenue Forecast—NALA

Revenue Forecast by Industry Type—NALA

Revenue Forecast by End-user Industry—NALA

Forecast Analysis

Growth Metrics

Revenue Forecast—EMEA

Revenue Forecast by Industry Type—EMEA

Revenue Forecast by End-user Industry—EMEA

Forecast Analysis

Growth Opportunity 1: Become a Partner of Vertically Integrated Software Vendors

Growth Opportunity 1: Become a Partner of Vertically Integrated Software Vendors (continued)

Growth Opportunity 2: Become an ACW Generalist

Growth Opportunity 2: Become an ACW Generalist (continued)

Growth Opportunity 3: Enable Citizen Development

Growth Opportunity 3: Enable Citizen Development (continued)

Growth Opportunity 4: Prepare for AR Adoption

Growth Opportunity 4: Prepare for AR Adoption (continued)

Best Practices Recognition

Frost Radar

Benefits and Impacts of Growth Opportunities

Next Steps

List of Exhibits

List of Exhibits (continued)

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Manufacturing tasks are becoming increasingly complex frontline workers must interact with multiple vertical systems on a daily basis and companies are finding it difficult to find and train suitable new workers. Additionally, an increasing number of small and medium-sized manufacturing companies are beginning their digital transformation. Many vendors that offered point solutions in augmented reality (AR), safety and risk management, learning, maintenance, remote collaboration, and field service spaces have realized the potential value of having frontline workers use a single pane of glass for all of their daily activities. This is giving the augmented connected worker (ACW) significant exposure across multiple industry verticals. The ACW market is currently experiencing a high wave of growth, which is expected to increase during the next five years. This Frost & Sullivan analysis presents a segmentation of the ACW market by region and by industry type (process, hybrid, and discrete) manufacturing. The analysis examines 18 different end-user industries.
More Information
Deliverable Type Market Research
Author Agustin Fabris
Industries Industrial Automation
No Index No
Is Prebook No
Podcast No
WIP Number KA88-01-00-00-00