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.
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.
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.
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 regional trends and factors influencing the Work Instruction Software Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Work Instruction Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 551.41 Million |
| Market Size by 2027 | US$ 1,468.41 Million |
| Global CAGR (2021 - 2027) | 17.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2027 |
| Segments Covered |
By Deployment Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Work Instruction Software Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Work Instruction Software Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The List of Companies - Work instructions software market
Based on enterprise size, the work instructions software market is segmented into SMEs and large enterprises. In 2019, large enterprises segment led the work instructions software market. The benefits conferred by work instruction software such as simplifying complex operation processes and real-time visibility are attracting large enterprises to adopt the work instruction software. In any organization, the manufacturing processes is considered as a core component. With the expansion of large enterprises, the manufacturing process and operation of machineries become complex. Work instruction software helps to address all concerns related to regulations, process, and machinery handling, but it is also vital to ensure that the solution selected comprise the right functionality. The market for work instruction software for large enterprises is well-established and is expected to dominate the market during the forecast period.
In terms of revenue share, North America held the largest share of global work instructions software market in 2019 and it is anticipated to continue its dominance over the forecast period of 2020 to 2027. Europe is the second largest revenue contributor, followed by APAC in 2019. The presence of developed countries such as US and Canada coupled with strong industry base is the major factors responsible for high adoption of work instructions software in the North America region. 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.
Rising demand for training programs across manufacturing industry coupled with the changing work culture across organization are some of the key driving factors for global work instructions software market. Furthermore, constantly changing business and production complexities, and integration of technologies such as augmented reality and artificial intelligence in work instruction software will provide ample growth opportunities to market players operating in the global work instructions software market.