According to a new research report by the analysis company Berg Insight, the market value of lone worker protection solutions and services in Europe and North America in 2020 is estimated to reach 85 million euros and 50 million euros, respectively.
In Europe and North America, the market value is expected to grow to 115 million euros and 75 million euros respectively by 2025. Berg Insight estimates that by the end of 2020, the user base of lone worker safety solutions in Europe and North America will be 1.1 million. In Europe, the number of users is expected to grow at a compound annual growth rate of 9.7% from 740,000 at the end of 2020 to 120 at the end of 2025. ten thousand. The North American market is expected to grow faster from 320,000 users. It will reach 605,000 users by the end of 2020.
this Lonely Worker Safety Solutions Market In Europe and North America, services are provided by various companies that provide hardware equipment, software solutions, and alarm monitoring and response services. Only a few companies provide complete end-to-end solutions. The UK market is the largest and most mature single worker market in Europe and North America, followed by the Canadian market. Legislation specifically targeting the safety of single workers has promoted the development of these two countries. Many of the largest lone worker protection equipment and service providers also come from these regions. Leading companies in the UK include PeopleSafe (Send for Help), Lone Worker Solutions (Totalmobile), Safe Apps, Reliance High-Tech, SoloProtect, Orbis Protect, Vismo and Safe Shores Monitoring. Canada’s leading suppliers are Tsunami Solutions, Blackline Safety and Aware360. Other suppliers in Europe and North America include Crystal Code, Honeywell, AlertGPS, Neovgie and Beepiz.
The number of people working alone in dangerous and exposed environments is increasing. Stricter occupational safety regulations in many countries, increased employee insurance costs, and greater emphasis on protecting brand reputation have driven the demand for individual worker safety solutions. Traditionally, the market for safety solutions for single workers has been largely driven by the public sector. However, this situation is expected to change in the next few years. “For independent security solution providers, the biggest opportunity in the future is in the private sector”, Said Martin Backman, senior analyst at Berg Insight.
There are far more workers in the private sector than in the public sector, and companies and organizations in the private sector are usually not restricted in terms of budgets. Selling products to private sector organizations requires a different set of capabilities and capabilities, and suppliers need to understand and adapt to these capabilities.
Mr. Buckman concluded:
“If market dynamics change, small companies and start-ups that are not affected by traditional organizational structures and practices may have an advantage over existing companies.”
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