(MENAFNEditorial) Mobile Workforce Management Market, by Deployment (Cloud, On-Premise), by End-User (BFSI, Communication, Logistics, Manufacturing, Procurement), by Tools (IOS, Android, MySQL) – Forecast 2023
Market Highlights:
Expansion of companies and their operations on a global scale have led to the fragmentation of the workforce across geographies. This has led to the development of a mobile workforce management system. Market Research Future, a firm which specializes in market reports related to the Information and Communications Technology domain among others, found in its recently published report on Mobile Workforce Management Market Global Forecast to 2023, that the global mobile workforce management market is expected to grow with approximately 13% CAGR during forecast period from 2017-2023.
Rising popularity of mobile devices, better network connectivity and expansion of the scale of operations in organizations have increased the demand for mobile workforce management and related technology. Small and medium level enterprises utilize these technologies extensively due to majority of the personnel being on field and a need to monitor and aid them in carrying out their activities with minimal resources. The market growth can also be linked to the fall in the prices of tech devices like mobile, tablets etc. due to development of technology in the sector of communications tech. Workforce scheduling, fleet management are some of the activities that are effectively addressed by mobile workforce management besides attendance management and labor planning facilities.
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Major key Players
ServiceMax (U.S.),
Verizon Wireless (U.S.),
Actsoft Inc. (U.S),
FeedHenry (Red Hat Inc.) (U.S.),
MobiWork LLC (U.S.),
Pegasystems Inc. (U.S.).
SAP SE (Germany),
Some of the other prominent players in the market are ProntoForms Corporations (Canada), ServicePower, Inc. (U.K), Sprint Corporation (U.S.), and TeleCommunications System Inc. (U.S.).
According to MRFR, The global Mobile Workforce Management Market is expected to grow with approximately 13% CAGR during forecast period 2017-2023.
Competitive Analysis
With the entry of industry players in the mobile workforce management segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
Segmentation
The mobile workforce management market has been segmented into end users, deployment, tools and region.
On the Basis of End-User: BFSI, Logistics, Procurement, Communication, Manufacturing and Others
On the Basis of Deployment: On-Premise, Cloud
On the Basis of Tools: IOS, Android, MySQL, Windows
On the Basis of Region: North America, Europe, Asia Pacific and Rest of the World
Regional Analysis
The competitive landscape of the mobile application market is formed by some major players and many of the new entrants in the market. The leaders constantly keep innovating for the new technology and investing in research and development. The mobile workforce management market has driven many end users like banking, retailing, media, and government. The segmentation is also divided on the basis of region under North America, Asia Pacific, Europe and Rest of the world. The North American mobile workforce management market is in a state of instability. New participants, ongoing technology advancements, and more educated customers are causing steady growth in both users and revenues. Field service management is a key market for mobilized remote workforce management solutions. Currently, this market is in evolution stage, with larger entry of software vendors and cloud expertise that can create the mobile workforce management.
The addition of increased R & D funds by larger, well capitalized participants is resulting in new capabilities to improve customer care in the field, including artificial intelligence (AI) tools, 3-D visualization and augmented reality, the first MWM apps for the new wearable form factor (smart watches and smart glasses),etc. Most of the companies in North America have adapted mobile workforce management through BYOD (Bring Your Own Device). Employees can use devices they are familiar with and work flexible hours. This increases productivity and companies can save the cost on hardware. In Europe, mobile workforce management is increasing at a slow rate due to decrease in employment rate. The reason for decrease in employment rate is economic slump, restricted immigrations policies. In order to cope up with these, the European government is adapting automation techniques in order to withstand fierce competition.
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Intended Audience
- Software Developers
- IT enablers
- App store providers
- Software investors
- Government agencies
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