How big is the Global Workplace Safety market?
According to MarkNtel Advisors study, The Global Workplace Safety Market size was valued at around USD 14.9 billion in 2023 and is estimated to grow at a CAGR of about 15.1% during the forecast period, i.e., 2024-30.
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Global Workplace Safety Market Trend:
Booming Shift Towards Remote Monitoring & Virtual Training – The advent of remote work has prompted a shift towards remote monitoring solutions & virtual training programs as a means to maintain workplace safety. Through the utilization of Virtual Reality (VR) & Augmented Reality (AR) technologies, organizations can create lifelike simulations of hazardous situations, enabling employees to undergo immersive training experiences. One of the key advantages of remote monitoring solutions & virtual training programs is their ability to reach dispersed workforces regardless of geographical location.
Furthermore, whether employees are working from home, satellite offices, or remote job sites, they can access safety resources and training materials remotely, ensuring consistent adherence to safety standards across the organization. Additionally, these solutions enable organizations to track and monitor compliance with safety protocols in real time, allowing for timely intervention and corrective actions when necessary. Besides, the scalability of remote monitoring & virtual training solutions allows organizations to adapt quickly to changing workforce dynamics and evolving safety requirements.
Leading Companies in the Global Workplace Safety market:
- IBM
- Honeywell
- 3M
- Hexagon AB
- Appian
- Microsoft
- Bosch
- Cority
- Wolters Kluwer
- Intelex
- HCL Technologies
- Amazon Web Services
- Hitachi Solutions
- Vector Solutions
- HIS
- others
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Global Workplace Safety Market Segmentation:
By Component
- Hardware- Market Size & Forecast 2019-2030, (USD Million)
- Safety Sensors- Market Size & Forecast 2019-2030, (USD Million)
- RFID Tags & Readers- Market Size & Forecast 2019-2030, (USD Million)
- Wearables- Market Size & Forecast 2019-2030, (USD Million)
- Software- Market Size & Forecast 2019-2030, (USD Million)
- Services- Market Size & Forecast 2019-2030, (USD Million)
By System
- Real-time location monitoring- Market Size & Forecast 2019-2030, (USD Million)
- Environmental Health & Safety- Market Size & Forecast 2019-2030, (USD Million)
- Access Control & Surveillance System- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
By Application
- Incident & Emergency Management- Market Size & Forecast 2019-2030, (USD Million)
- Asset Tracking & Management- Market Size & Forecast 2019-2030, (USD Million)
- PPE Detection- Market Size & Forecast 2019-2030, (USD Million)
- Personnel/Staff Tracking
By Deployment Mode
- Cloud- Market Size & Forecast 2019-2030, (USD Million)
- On-premises- Market Size & Forecast 2019-2030, (USD Million)
The Cloud Deployment Mode is predicted to grab the potential share of the Global Workplace Safety Market in the future years.
By End Use Industry
- Construction & Engineering- Market Size & Forecast 2019-2030, (USD Million)
- Chemicals & Materials- Market Size & Forecast 2019-2030, (USD Million)
- Government & Defense- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare- Market Size & Forecast 2019-2030, (USD Million)
- Food & Beverage- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
Regional/ Countries Insight:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North American companies are increasingly adopting available products and solutions in the Workplace Safety Market due to the rising incidence of work-related injuries and illnesses.
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MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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