Publication Month: Dec 2020 | Report Code: TIPRE00016056 | No. of Pages: 139 | Category: Technology, Media and Telecommunications | Status: Published
The key factor driving the market is constantly changing business and production complexities. The adoption of mixed model production process to enhance the overall organization’s manufacturing productivity is creating the need for enhanced training and development among employees. This is thus, fueling the adoption of work instruction software across the manufacturing sector. The need for employee training to improve the productivity is leading to the adoption of technologically advanced solutions across the enterprises. The increased complexity in working process across industries such as manufacturing, automotive, healthcare, and retail are rising the demand for work instructions among employees and labourers to perform their task independently and efficiently. For instance, Augmentir, Inc. offers artificial intelligence powered connected workforce platform to help employees with digital workflows and remote guidance throughout the work process.
It is becoming apparent with the COVID-19 pandemic spreading across the world that few can escape its scope, presenting significant challenges to all industries. However, the major application of the software is in the manufacturing sector where the same is applied for imparting training to the employees regarding the functioning of certain machineries. Thus, the closure of all manufacturing units across both developed and developing nations are expected to impact the growth of the work instruction software market negatively.
Based on deployment type, the work instruction software is segmented into on-premise and cloud. The cloud-based solutions are expected to grow with the highest CAGR over the forecast period. Furthermore, the work instruction software market based on organization size is segmented into SMEs and large enterprises. Large enterprises accounted for the major share in the market. The global market for work instruction software has been segmented into five major regions— North America, Europe, APAC, MEA, and SAM.
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The rising trend of Bring Your Own Device (BYOD) coupled with remote working culture across the organizations especially in large enterprises is creating the need for work instruction solutions to ensure smooth functioning among the organization. Flexible work culture in the organizations have led to the non-presence of employees from office premises, which causes disruption in the workflow especially for junior level employees who require continuous assistance to learn and execute jobs for goal acquisition. The integration of work instruction solutions across organizations is thus enabling employers to instruct all employees without letting the physical barrier affect the production efficiency.
Based on deployment type, the global work instruction software market is segmented into cloud based and on-premise deployment. The cloud-based work instruction software is witnessing high demand as compared to on-premise work instruction software. The cloud segment generates the majority of the demand since it is comparatively less expensive and due to strong network infrastructure in developed countries. In addition, the cloud-based work instruction software vendors are highly focused on developing a high-level security patch in order to eliminate the risk of cyber-attack. This factor is also creating significant demand from the end-users, thereby driving the work instruction software market.
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Based on organization size, the work instruction software market is segmented into SMEs and large enterprises. The increasing investment in manufacturing infrastructure across both developed and developing nations is significantly driving the demand of work instruction software among SMEs.
|Market Size Value in||US$ 551.41Million in 2021|
|Market Size Value by||US$ 1,468.41 Million by 2027|
|Growth rate||CAGR of 17.4% from 2020-2027|
|No. of Pages||139|
|No. of Tables||56|
|No. of Charts & Figures||70|
|Historical data available||Yes|
|Segments covered||Deployment Type ; Organization Size ; and Geography|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
Players operating in the Work instructions software market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the work instructions software market. A few developments by key players of the work instructions software market are:
In April 2020, SwipeGuide partnered with XMReality to deploy Digital Work Instructions using remote support.
In October 2019, Georg Fischer Signet implemented Lifecycle Technology Ltd’s AssemblyX for work instrumentation.
The List of Companies - Work instructions software market