Global Workplace Safety Market Research Report: Forecast (2024-2030)

1. MARKET RESEARCH REPORT Global Workplace Safety Market Research Report: Forecast (2024-2030) MARKNTEL ADVISORS

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4. Market Insights The Global Workplace Safety Market size was valued at USD 14.9 billion in 2023 and is estimated to grow at a CAGR of around 15.1% during the forecast period, i.e., 2024-30. The market is witnessing a notable surge in growth due to the implementation of stringent industrial health & safety regulations, coupled with an increasing incidence of workplace injuries and fatalities. Additionally, the integration of drones, Augmented Reality, Virtual Reality, and Artificial Intelligence is playing a vital role in bolstering the market's expansion. These technological advancements provide organizations with advanced security measures, contributing to the market's promising potential for further advancement.

5. Market Drivers Global Workplace Safety Market Opportunity: Incorporation of New Technologies in Workplace Safety to Create New Prospects for the Industry – The deployment of state-of-the-art technologies in workplace safety has brought about a new era, presenting a wide range of opportunities for advancements across the Workplace Safety Market. Notably, the integration of Personal Protective Equipment (PPE) equipped with sensors for real-time monitoring of biometric, location, and movement data is on the rise. Similarly, the adoption of autonomous vehicles, including self-driving cars, designed with advanced sensors & software, is gaining popularity in various industries such as production, manufacturing, and heavy engineering. Enterprises like Guardhat provide intelligent hard hats embedded with the capabilities of sensors & communication for ensuring continuous monitoring of safety measures and alerts in stimulating environments. Also, worker safety & productivity have been enhanced by ProGlove with the adoption of smart gloves featuring integrated scanners and sensors to provide advantages in industrial settings.

6. Market Segments Workplace Safety Market - By Component (Hardware, Software, Services), By System (Real-time location monitoring, Environmental Health & Safety, Access Control & Surveillance System, Others), By Application (Incident & Emergency Management, Asset Tracking & Management, PPE Detection, Personnel/Staff Tracking), By Deployment Mode (Cloud, On-premises), By End Use Industry (Construction & Engineering, Chemicals & Materials, Government & Defense, Healthcare, Food & Beverage, Others) and others

7. Top Companies IBM, Honeywell, 3M, Hexagon AB, Appian, Microsoft, Bosch, Cority, Wolters Kluwer, Intelex, HCL Technologies, Amazon Web Services, Hitachi Solutions, Vector Solutions, HIS and others

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