Work Instruction Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Deployment Type (On-Premise, and Cloud); Organization Size (SMEs and Large Enterprise); and Geography
Publication Month: Dec 2020 | Report Code: TIPRE00016056 | No. of Pages: 139 | Category: Technology, Media and Telecommunications | Status: Published
The work instructions software market is expected to grow from US$ 551.41million in 2021 to US$ 1,468.41 million by 2027. The Work instructions software market is expected to grow at a CAGR of 17.4% during the forecast period of 2020 to 2027.
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.
Lucrative Regions in Work Instructions Software Market
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Work Instructions Software Market Insights
Changing Work Culture Across Organization
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.
Deployment Type -Based Market Insights
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.
Work Instructions Software Market, by Deployment Type – 2021 and 2027
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Organization Size-Based Market Insights
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.
Strategic Insights
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.
Work Instructions Software Market – By Deployment Type
- Cloud
- On-Premise
Work Instructions Software Market – by Organization Size
- Large Enterprises
- SMEs
Work Instructions Software Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Russia
- UK
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
- MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- SAM
- Brazil
- Argentina
- Rest of SAM
Work Instructions Software Market – Company Profiles
- Dozuki
- eFlex Systems
- Hexagon AB
- Lifecycle Technology Ltd
- Livepro Knowledge Management
- Optel Software
- ScreenSteps, LLC
- SwipeGuide
- Visual Knowledge Share Ltd.
- Zaptic
Frequently Asked Questions
Further, rise in investments by North American countries, such as the US and Canada, in improving and innovating business processes to offer premium quality products is increasing the need for providing continuous training or real-time assistance to their employees in order to ensure error-free process execution. This is increasing the demand for work instruction software across the region.
The List of Companies - Work instructions software market
- Lifecycle Technology Ltd
- Livepro Knowledge Management
- SwipeGuide
- ScreenSteps, LLC
- Visual Knowledge Share Ltd.
- Zaptic
- Hexagon AB
- Dozuki
- eFlex Systems
- Optel Software
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the work instruction software market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect technology and solution type.
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