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Connected Workers Market to be Worth US$ 33.31 billion by 2033 | Fact.MR Report

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Rockville , July 11, 2023 (GLOBE NEWSWIRE) — As per Fact.MR, a provider of market research and competitive intelligence, the global connected workers market is predicted to climb to US $ 33.31 Billion by 2033 and is witnessing a CAGR of 23.5% during 2023-2033.

An employee who is equipped with digital tools and connected devices, such as mobile devices, wearables, or augmented reality (AR) glasses, is known as a connected worker. These tools and devices enable the employee to access information, communicate with coworkers and managers, and perform tasks more effectively and efficiently.

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Real-time data and analytics can be used by connected workers to make better decisions, communicate with remote teams more easily, and get guidance and support from their supervisors. By monitoring employees in real time and warning them of potential dangers, these technologies can also increase worker safety.

The emerging Industry 4.0 trend, which involves integrating cutting-edge technologies like artificial intelligence, the Internet of Things (IoT), and cloud computing into manufacturing and other industries to improve efficiency, productivity, and safety, places a strong emphasis on connected workers.

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Key Driving Forces Accelerating the Market Growth

  • The proliferation of IoT technology has paved the way for connected worker solutions. IIoT enables the integration of various devices, sensors, and wearables, allowing real-time data collection and analysis. This connectivity empowers workers with enhanced communication, situational awareness, and safety.
    • As per FACT.MR, the US market is expected to reach US $ 9.06 Bn by 2033 due to expanding use of Industry 4.0 technologies and greater emphasis on worker safety.
  • Wearable devices, such as smart glasses, smart helmets, and smartwatches, have become more sophisticated, affordable, and user-friendly. These devices enable hands-free access to critical information, remote expert guidance, and augmented reality (AR) overlays, improving productivity and efficiency.
  • The focus on worker safety and regulatory compliance has intensified across industries. Connected worker solutions offer real-time monitoring of environmental conditions, worker vitals, and adherence to safety protocols. This helps organizations ensure a safe work environment, mitigate risks, and meet compliance standards.
  • The COVID-19 pandemic has accelerated the adoption of remote work and distributed workforces. Connected worker solutions enable seamless collaboration, virtual training, and remote assistance, bridging the gap between on-site and off-site workers.

Key Companies Profiled in This Report

  • 3M Company
  • Accenture
  • Fujitsu Ltd
  • Honeywell International Inc
  • Oracle Corp
  • Zebra Technologies

Vital indicators shaping future of the industry

Continued advancements in technology, such as 5G networks, edge computing, artificial intelligence (AI), and machine learning (ML), will drive the capabilities of connected worker solutions. These advancements will enable faster and more reliable connectivity, real-time data processing, and enhanced analytics, leading to improved productivity and efficiency for connected workers.

The regulatory landscape surrounding connected worker solutions will play a crucial role in their future. Governments and regulatory bodies are likely to establish standards and guidelines for the deployment and use of connected worker technologies, particularly in industries with high safety requirements. Adherence to regulations and compliance standards will be essential for market growth.

As connected worker solutions involve the collection and transmission of sensitive data, data privacy, and security will be paramount. The future of the market will depend on the development of robust security measures, encryption techniques, and privacy frameworks to protect worker data and mitigate cybersecurity risks. Organizations that prioritize data privacy and security will gain a competitive edge.

Different industries will adopt connected worker solutions at varying rates based on their unique requirements and challenges.

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Challenges hindering the market growth

Connected worker solutions involve the collection, transmission, and storage of sensitive data. The potential risks associated with data breaches, unauthorized access, and privacy violations are major concerns. Ensuring robust security measures, implementing encryption techniques, and complying with data protection regulations are essential to build trust and overcome security and privacy barriers.

Introducing connected worker solutions often requires significant changes in work processes, roles, and responsibilities. Resistance to change from workers, supervisors, and management can hinder adoption. Organizations need to invest in change management strategies, provide adequate training and support, and effectively communicate the benefits of connected worker technologies to overcome resistance and foster acceptance.

Strategies for manufacturers/suppliers to scale in the market

The connected workers market is a highly fragmented market that comprises competitors ranging from small start-ups to tech major players.

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  • Manufacturers should focus on developing comprehensive connected worker solutions that address a wide range of industry-specific needs. These solutions should be customizable to meet the unique requirements of different organizations.
    • Eleksen, a British start-up, offers end-to-end solutions to improve worker safety in a variety of industries. Their Tap&Go connected worker solutions offer the continuous collection of data for predictive safety improvements and enhanced efficiency.

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Explore More Related Studies Published by Fact.MR Research: 

Smart-Connected Wallets Market Outlook: Worldwide sales of smart-connected wallets are estimated to hit US$ 550 million by 2033.

Robotic Process Automation Market: Robotic process automation demand is forecasted to account for US$ 26.5 billion by 2033-end.

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Artificial Intelligence

Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM with around 500K AMRs shipment by 2030 – LogisticsIQ

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NEW DELHI, Sept. 20, 2024 /PRNewswire/ — The global Autonomous Mobile Robots (AMRs) market is poised for significant growth, driven by increasing demand for automation across various sectors, including logistics, manufacturing, and healthcare. According to the latest market research by LogisticsIQ (5th Edition), Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM by 2030 with a CAGR of ~30% between 2024 and 2030. We expect the installed base of AMRs to reach 2 million units in 2030.

Download a Free Sample of our report on Autonomous Mobile Robots Market
Key Market Drivers
Increased Efficiency: Businesses are rapidly adopting AMRs to enhance operational efficiency, reduce labour costs, and streamline workflows.Labor Shortages: The ongoing labour shortages in various industries have accelerated the need for automated solutions, making AMRs a crucial investment for companies.Technological Advancements: Innovations in artificial intelligence (AI), machine learning, and sensor technology are making AMRs more capable and reliable.Growing E-Commerce: The rise of e-commerce has created a demand for efficient warehouse management solutions, further boosting the AMR market.Regional Insights
North America leads the AMR market, accounting for the largest share due to the early adoption of automation technologies. Meanwhile, the Asia-Pacific region, especially China is expected to witness the fastest growth, fuelled by rapid industrialization and increasing investments in smart factories. US and China are going to contribute ~40% of this market by 2030.
Industry Applications
Autonomous mobile robots are being utilized in various applications, including:
Warehouse Automation: AMRs enhance inventory management and order fulfillment processes. This industry is expected to lead with more than 75% share by 2030.Manufacturing: Robots facilitate material handling and assembly line operations. Traditionally, it has been dominated by AGVs but are getting replaced by AMRs due to more flexibility and scalability features.Healthcare: AMRs assist in transporting medical supplies, improving patient care and operational efficiency. It is a niche market but high growing area to focus further.Purchase the full report on the Autonomous Mobile Robots Market – Growth, Trends, and Forecast
Top Factors & Challenges in the Autonomous Mobile Robots Market
Top Factors Driving Growth
Increased Demand for Automation: Businesses across industries are increasingly seeking automation to enhance efficiency and reduce operational costs.Technological Advancements: Innovations in AI, machine learning, and sensor technologies improve the capabilities and reliability of AMRs, making them more attractive to businesses.Labor Shortages: Ongoing labour shortages, especially in sectors like logistics and manufacturing, are pushing companies to adopt AMRs to maintain productivity.Growth of E-Commerce: The surge in online shopping requires efficient warehouse and logistics solutions, driving the adoption of AMRs for inventory management and order fulfillment.Improved Safety Standards: AMRs can reduce workplace accidents by taking over hazardous tasks, leading to safer working environments.Customization and Scalability: Many AMR solutions offer customizable features that allow businesses to scale operations according to their specific needs.Top Challenges
High Initial Costs: The upfront investment for AMRs can be substantial, which may deter smaller businesses from adoption.Integration with Existing Systems: Integrating AMRs into current operational workflows and legacy systems can be complex and resource-intensive.Regulatory Compliance: Navigating regulatory requirements and safety standards can pose challenges, especially in highly regulated industries.Limited Awareness and Understanding: Some businesses may lack knowledge about AMR technology and its potential benefits, hindering adoption.Technical Limitations: While technology is advancing, AMRs may still struggle with navigating complex environments or handling unexpected obstacles.Cybersecurity Concerns: As AMRs become more connected, they may be vulnerable to cybersecurity threats, requiring robust security measures.Know more about Autonomous Mobile Robots Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
500 Pages and 160+ Exhibits Market ReportRevenue and Shipment data segmented:By form factor (Deck-load, Tugger/Pull, Forklift)By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030A bottom-up analysis of Autonomous Mobile Robots Market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regionsIn-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of Autonomous Mobile Robots like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.2 Analyst Sessions to brainstorm furtherInvestment details excel file with 175+ M&A and ~1000 funding dealsLogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)About LogisticsIQ
LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
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Name: Sunny M.Email: [email protected]: +91-952-918-4938 
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Huawei Cloud: Thrive with the Cloud and Reshape Industries with AI

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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, Executive Director of the Board of Huawei and CEO of Huawei Cloud Zhang Ping’an delivered a keynote speech “Thrive with the Cloud: Reshaping Industries with AI”. Zhang states that enterprises must seize opportunities in the intelligent era and use AI to build competitive advantages. The key is to adopt an AI-native mindset now.

First, enterprises should actively embrace AI, open up industry scenarios, and develop enterprise AI platforms. This will enable AI to serve their core business. Today, Huawei Cloud Pangu Models have been applied in more than 30 industries and 400 scenarios.
Second, AI computing power is critical. Enterprises need to build AI-native cloud infrastructure that matches their requirements. Zhang officially released CloudMatrix to interconnect and pool all resources including CPUs, NPUs, DPUs and memory. It marks an evolution from monolithic to matrix compute. CloudMatrix comprises an AI-native cloud infrastructure in which everything can be pooled, peer-to-peer, and composed, providing enterprises with abundant AI computing power.
Third, data quality determines the effectiveness of AI models. We need to build knowledge-centric data foundations to enable data to serve AI better. Huawei Cloud has fully upgraded DataArts to provide customers with AI-oriented and knowledge-centric data foundations. The updated features include AI+data convergence engines, data development and governance, knowledge services, and AI+data application enablement services.
Fourth, build suitable AI models based on business applications. We must abandon the misconception that larger models are better. It is not feasible to address all needs with just one foundation model. Pangu Models 5.0 are available in different sizes, with parameters in the billions, tens of billions, hundreds of billions, and trillions. The complete series of Pangu models meet practically all business application needs.
In addition, Huawei Cloud’s Pangu 5.0 models enhance spatiotemporal controllable generation (STCG) in the field of multimodal generation. For autonomous driving,the Pangu model can generate driving scenarios that accurately mirror the physical world. It can generate videos that reflect normal driving scenarios, random road conditions and accidental and aggressive driving, allowing automotive enterprises to train autonomous driving more efficiently.
Huawei Cloud officially released the Mainframe-to-Cloud Solution, designed to help customers develop new core systems on the cloud with high availability, easy O&M, and better agility, helping customers achieve 99.999% financial-grade high availability. Currently, most banks in China have chosen Huawei to build their new core systems on the cloud.
Tao Jingwen, Huawei’s Director of the Board and President of the Quality, Business Process & IT Mgmt Dept, recounted Huawei’s digital transformation journey. Huawei has developed a methodology, which can be broken down into three layers, five phases, and eight steps. The three layers are redefining intelligent business, AI model development and delivery, and ongoing optimization of intelligent applications. The five phases are identifying suitable scenarios, reshaping processes, transforming organizations, optimizing corporate data, and adopting AI applications.
Bruno Zhang, CTO of Huawei Cloud, presented insights on how Huawei Cloud is leveraging AI to reshape data centers, infrastructure, and cloud services. He also addressed the construction of an AI-native cloud designed to accelerate intelligence in industries. The “1+N” Pangu assistant system, unveiled by Mr. Zhang, signifies a new era in cloud service interaction. The system includes Pangu Doer, and the myriad use cases in product R&D, data analytics, security, and office collaboration, where Pangu models are trained using the scenario-specific data, know-how, and practices to enhance cloud services and boost efficiency with tailored AI.
Photo – https://mma.prnewswire.com/media/2510783/Zhang_Ping_an_Executive_Director_Board_Huawei_CEO_Huawei_Cloud.jpg Photo – https://mma.prnewswire.com/media/2510784/AI_native_cloud_infrastructure_CloudMatrix_officially_released.jpg
 

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Creative by Nature: HUAWEI Launches GoPaint Worldwide Creating Activity 2024

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BARCELONA, Spain, Sept. 20, 2024 /PRNewswire/ — On September 19, HUAWEI officially launched the GoPaint Worldwide Creating Activity 2024 themed “Creative by Nature”. From the kickoff day to December 31, 2024, painting enthusiasts around the world can share their unique digital art works on HUAWEI Community platform.

With their HUAWEI MatePad tablets, designed to spark creativity, global consumers can bring the “Creation of Beauty” concept to life. The HUAWEI GoPaint Worldwide Creating Activity invites aspiring artists to unleash their inner creativity and continue to be inspired.
The new HUAWEI MatePad Pro 12.2-inch and HUAWEI MatePad 12 X come with powerful hardware and enhanced writing & painting experience when working with the most updated GoPaint App. The app’s professional brush engine, diverse canvas options, and FangTian Painting Engine 2.0 provide a seamless, authentic, and user-friendly creative experience.
The Activity is divided into five groups, with themes of Sci-Fi Art, Design & Fashion, Narrative Art, Cutting-edge Painting, and Digital Watercolor & Ink. Find out more in the the Official Website and get ready to paint on your HUAWEI MatePad[1]!
In the HUAWEI GoPaint Worldwide Creating Activity, you could win the chance to showcase your artwork worldwide and in app placements. You’ll also have the opportunity to share your creative journey in video interviews. For more details, please visit the official website: https://consumer.huawei.com/en/campaign/gopaint/
[1] MatePad tablets that support the GoPaint App are required, such as HUAWEI MatePad Pro 13.2, HUAWEI MatePad 11.5S, HUAWEI MatePad Pro 12.2, and HUAWEI MatePad 12 X.
Photo – https://mma.prnewswire.com/media/2510583/Creative_Nature_HUAWEI_Launches_GoPaint_Worldwide_Creating_Activity_2024.jpgPhoto – https://mma.prnewswire.com/media/2510584/Creative_Nature_HUAWEI_Launches_GoPaint_Worldwide_Creating_Activity_2024_1.jpgPhoto – https://mma.prnewswire.com/media/2510585/Creative_Nature_HUAWEI_Launches_GoPaint_Worldwide_Creating_Activity_2024_2.jpgPhoto – https://mma.prnewswire.com/media/2510586/Creative_Nature_HUAWEI_Launches_GoPaint_Worldwide_Creating_Activity_2024_3.jpg

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