Brooklyn, New York, Feb. 06, 2024 (GLOBE NEWSWIRE) -- According to a new market research report published by Global Market Estimates, the global augmented-connected workforce market is projected to grow at a CAGR of 24.3% from 2024 to 2029.
The primary factors propelling the market growth are the advancements in augmented reality (AR), virtual reality (VR), and other immersive technologies and the growing demand for enhanced training and skills development.
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Report Segmentation: By Component (Hardware, Software, and Service), By Enterprise (SME and Large Enterprise), By Deployment (On-premise and Cloud), By End User (Manufacturing, Healthcare, Construction, Mining, and Oil & Gas), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis
Key Market Trends
- Integration of Augmented Reality (AR) and Internet of Things (IoT): The convergence of augmented reality and IoT technologies is a key trend in the Augmented-connected Workforce market. Companies are deploying AR solutions that leverage real-time data from connected devices, enhancing the capabilities of field workers and improving overall operational efficiency.
- Focus on Remote Assistance and Collaboration: The market is witnessing a trend toward enhancing remote collaboration through augmented connectivity. With the rise of remote and distributed workforces, businesses are adopting augmented solutions that enable real-time communication, collaboration, and assistance. Augmented-connected platforms facilitate virtual interactions, providing remote workers with the tools to collaborate seamlessly, share insights, and receive guidance from experts, ultimately improving productivity.
- Implementation of Wearable Devices for Workforce Augmentation: Wearable devices equipped with AR capabilities are gaining prominence in the Augmented-connected Workforce market. Companies are deploying smart glasses, headsets, and other wearables to empower workers with augmented information and hands-free functionality.
Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC on “Global Augmented-connected Workforce Market - Forecast to 2029’’
Key Market Insights
- As per the component outlook, the hardware segment is expected to be the largest segment in the global augmented-connected workforce market from 2024 to 2029
- As per the end user outlook, the manufacturing segment is expected to be the largest segment in the global augmented-connected workforce market from 2024 to 2029
- Asia Pacific is analyzed to be the fastest-growing region in the market
- North America is expected to hold the largest share of the market during the forecast period from 2024-2029
- 3M Company, Accenture, Avnet, Inc., Fujitsu Ltd., Honeywell International Inc., Oracle Corp., Smart Track S.R.L, Tata Consultancy Services, TELUS, Vandrico Solutions Inc, Wearable Technology Limited, and Zebra Technologies among others, are some of the key players in the global augmented-connected workforce market
Component Outlook (Revenue, USD Billion, 2024-2029)
- Hardware
- Software
- Service
Enterprise Outlook (Revenue, USD Billion, 2024-2029)
- SME
- Large Enterprise
Deployment Outlook (Revenue, USD Billion, 2024-2029)
- On-premise
- Cloud
End User Outlook (Revenue, USD Billion, 2024-2029)
- Manufacturing
- Healthcare
- Construction
- Mining
- Oil & Gas
By Regional Outlook (Revenue, USD Billion, 2024-2029)
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Rest of APAC
Central and South America
- Brazil
- Argentina
- Chile
- Rest of CSA
Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of MEA
Contact: Yash Jain
Director- Global Accounts & Strategic Advisory
Email address: yash.jain@globalmarketestimates.com
Phone Number: +1 6026667238
Website: www.globalmarketestimates.com
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