DUBLIN, September 21, 2017 /PRNewswire/ --
The "Global Smart PPE Market 2017-2021" report has been added to Research and Markets' offering.
The global smart PPE market to grow at a CAGR of 15.43% during the period 2017-2021.
Global Smart PPE Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the demand for smart PPE in the form of equipment and software solutions.
One trend in the market is large-scale investment and product development. Factors such as IoTs, big data, and cloud computing will have an increasing impact on incentives for manufacturers to invest in smart PPE and future market opportunities. Wearable technology has become increasingly prevalent in PPE, owing to increasing productivity, safety management, and provision of long-term savings by avoiding the number of accidents.
According to the report, one driver in the market is need for product differentiation. There is a need for product differentiation among vendors in the PPE market. The PPE market is fragmented with the presence of several global and regional members. The market can be located close to the mature stage where vendors resort to product differentiation and competitive pricing. The PPE market caters to other mass markets owing to low cost per customer and increased profits. Vendors are competing in terms of pricing and promotional efforts to gain a major share of the market. However, vendors resort to certain strategies in the product development phase, where existing products are modified.
Further, the report states that one challenge in the market is high cost and trade-off on ROI. For an organization, purchasing PPE is an expensive affair. Owing to government regulations with regard to safety of employees, employers are focused on adhering to the regulation of provision of PPE, without paying heed to its appropriate use and functionality. Therefore, the functionality of the equipment becomes a major concern. The challenge is to ensure product quality with respect to safety and functionality while limiting the cost. When it comes to PPE, product costs entail several factors such as purchase price, maintenance cost, and service life. Therefore, using expensive equipment that provides assured quality and functionality will cost the buyer less in the long run.
- GENERAL ELECTRIC
Other prominent vendors
- HUMAN CONDITION SAFETY
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By End-User
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/scf4qk/global_smart_ppe
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