Frost Radar™: Augmented Connected Worker Platforms, 2024
Published on: 24-Sep-2024 | SKU: IA_2024_1037

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Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar. The publication presents competitive profiles of each company on the Frost Radar considering their strengths and the opportunities that best fit those strengths.

The Frost Radar on augmented connected worker (ACW) platforms is a comprehensive benchmark analysis derived from Frost & Sullivan’s Global ACW Growth Opportunities study published in 2024. This Frost Radar analyzes the top 15 companies in the ACW market for 2024 in terms of their growth potential and ability to innovate and disrupt the market.

Total spending in the ACW market amounted to $956 million in 2023. Frost & Sullivan expects the market to reach $6.4 billion, with a CAGR of 31.1% between 2024 and 2030. Labor shortages, increasing complexity of manufacturing jobs, and unaddressed productivity issues on the shop floor are some of the main factors driving growth for the ACW. The market is highly fragmented, with numerous small and medium-sized vendors from different backgrounds (such as learning and skills management, safety and risk management, augmented reality, and field services). As these industries converge, leading vendors in the market are adopting a generalist approach to the ACW, providing the entire breadth of functionality that was previously offered as distinct point solutions into a single system.

Some commonalities between the software systems that this Frost Radar analyzes include cloud-based deployments, a large quantity of pre-built connectors to common systems, no-code (NC) and low-code (LC) environments for creating apps and digital procedures, and some AI-powered features like copilots, predictive analysis, and automatic step-checks.

The analysis provides a detailed profile for each of the featured companies describing the reason behind the score that they obtained in each criterion as well as recommendations for growth based on that analysis—their Frost Perspectives.

Strategic Imperative

Strategic Imperative (continued)

Strategic Imperative (continued)

Strategic Imperative (continued)

Growth Environment

Growth Environment (continued)

Growth Environment (continued)

Growth Environment (continued)

Frost Radar™: Augmented Connected Worker Platforms, 2024

Frost Radar™ Competitive Environment

Frost Radar™ Competitive Environment (continued)

Frost Radar™ Competitive Environment (continued)

Frost Radar™ Competitive Environment (continued)

Augmentir

Augmentir (continued)

Augmentir (continued)

Augmentir (continued)

Dozuki

Dozuki (continued)

Dozuki (continued)

Dozuki (continued)

Glartek

Glartek (continued)

Glartek (continued)

Glartek (continued)

Innovapptive

Innovapptive (continued)

Innovapptive (continued)

L2L

L2L (continued)

L2L (continued)

L2L (continued)

L2L (continued)

Librestream

Librestream (continued)

Librestream (continued)

Parsable

Parsable (continued)

Parsable (continued)

Parsable (continued)

Poka

Poka (continued)

Poka (continued)

Poka (continued)

PTC

PTC (continued)

PTC (continued)

PTC (continued)

PTC (continued)

QAD Redzone

QAD Redzone (continued)

QAD Redzone (continued)

QAD Redzone (continued)

SymphonyAI Industrial

SymphonyAI Industrial (continued)

SymphonyAI Industrial (continued)

SymphonyAI Industrial (continued)

TeamViewer

TeamViewer (continued)

TeamViewer (continued)

TeamViewer (continued)

TeamViewer (continued)

Tulip

Tulip (continued)

Tulip (continued)

Tulip (continued)

Tulip (continued)

Webalo

Webalo (continued)

Webalo (continued)

Zaptic

Zaptic (continued)

Zaptic (continued)

Best Practices

Growth Opportunities

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar™: Benchmarking Future Growth Potential2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Next Steps

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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A tailored session with you where we identify the:
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  • Growth Opportunities
  • Best Practices
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Impacting your company's future growth potential.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar. The publication presents competitive profiles of each company on the Frost Radar considering their strengths and the opportunities that best fit those strengths. The Frost Radar on augmented connected worker (ACW) platforms is a comprehensive benchmark analysis derived from Frost & Sullivan s Global ACW Growth Opportunities study published in 2024. This Frost Radar analyzes the top 15 companies in the ACW market for 2024 in terms of their growth potential and ability to innovate and disrupt the market. Total spending in the ACW market amounted to $956 million in 2023. Frost & Sullivan expects the market to reach $6.4 billion, with a CAGR of 31.1% between 2024 and 2030. Labor shortages, increasing complexity of manufacturing jobs, and unaddressed productivity issues on the shop floor are some of the main factors driving growth for the ACW. The market is highly fragmented, with numerous small and medium-sized vendors from different backgrounds (such as learning and skills management, safety and risk management, augmented reality, and field services). As these industries converge, leading vendors in the market are adopting a generalist approach to the ACW, providing the entire breadth of functionality that was previously offered as distinct point solutions into a single system. Some commonalities between the software systems that this Frost Radar analyzes include cloud-based deployments, a large quantity of pre-built connectors to common systems, no-code (NC) and low-code (LC) environments for creating apps and digital procedures, and some AI-powered features like copilots, predictive analysis, and automatic step-checks. The analysis provides a detailed profile for each of the featured companies describing the reason behind the score that they obtained in each criterion as well as recommendations for growth based on that analysis their Frost Perspectives.
More Information
Deliverable Type Frost Radar
Author Agustin Fabris
Industries Industrial Automation
No Index No
Is Prebook No
Keyword 1 Augmented Connected Worker Platforms
Keyword 2 Worker Augmentation Market
Keyword 3 Connected Worker Growth
Podcast No
WIP Number KA86-01-00-00-00

Frost Radar™: Augmented Connected Worker Platforms, 2024

Industrial AutomationFrost Radar™: Augmented Connected Worker Platforms, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
24-Sep-2024
REGION
Global
Deliverable Type
Frost Radar
Research Code: KA86-01-00-00-00
SKU: IA_2024_1037
AvailableYesPDF Download
$4,950.00
In stock
SKU
IA_2024_1037