What is Fatigue Management Software?
Fatigue Management Systems are a statistical collection of practices for identifying and managing fatigue-related safety risks. This approach takes sleep and works time into account, and it is based on ongoing risk assessment and monitoring. This narrative review discusses the effectiveness of FMS as well as the barriers and enablers to FMS implementation. Furthermore, this review draws on the literature to provide evidence-based policy recommendations for FMS implementation. Fatigue Management Systems (FMS) are based on the meticulous proof of identity of workplace accidents related to fatigue. These systems differ significantly from the often haphazard methodology of fatigue management used in traditional conformance processes based solely on work hours. The identification of risk, rather than compliance, is a critical component of FMS. This is an important distinction to make because compliance does not always imply fatigue, risk, or safety. Simply put, even if a roster complies with hours of work regulations, a worker may still become exhausted. On the other hand, FMS enables the establishment of appropriate risk-based control measures and the facilitation of dynamic changes to work systems to promote safety. These proportionate control measures are based on an examination of the likelihood of fatigue (based on observed fatigue, prior sleep, and sleep opportunity) in conjunction with the consequences of a fatigue-related error or event.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | UKG (United States), Circadian (United States), Fatigue Science (Canada), HealthStream (United States), Verint Systems Inc. (United States), WorkForce Software, LLC (United States), Alvaria, Inc. (United States), Optalert Limited (Australia), InterDynamics (Sweden) and Calabrio, Inc. (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (On-Premise and Cloud-Based) , by application (BFSI, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Fatigue Management Software market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this Fatigue Management Software market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are UKG (United States), Circadian (United States), Fatigue Science (Canada), HealthStream (United States), Verint Systems Inc. (United States), WorkForce Software, LLC (United States), Alvaria, Inc. (United States), Optalert Limited (Australia), InterDynamics (Sweden) and Calabrio, Inc. (United States).
Market Overview:
On 1st April 2020, Ultimate Software and Kronos merged to form one of the largest players in the human capital management (HCM) market. Six months later, the merged entity was renamed UKG (Ultimate Kronos Group). With just over a year since the merger and direct experience working with our clients and the combined companies, we thought it would be a good time to assess where the company is in the landscape of HCM solutions, and where you should be encouraged (while exercising caution) in executing agreements in the future.
The information in this publication is constantly reviewed in light of changing government requirements and regulations. No subscriber or other reader should rely on such information without first consulting applicable laws and regulations and seeking appropriate professional advice. Despite every effort to ensure accuracy, the International Air Transport Association (IATA), the International Civil Aviation Organization (ICAO), the International Federation of Airline Pilots' Associations (IFALPA), and other contributors to this publication are not liable for any loss or damage caused by errors, omissions, misprints, or misinterpretation of the contents hereof.
The major players influencing the competitive dynamics of the Fatigue Management Software industry are Workforce Software, Circadian Inter Dynamics, Fatigue Science, Ceridian Optalert Limited, Boeing Fatigue Management International, and Tambla Limited. Mosaic Management Systems, EDP Software Work Technology Corporation, RITEQ Quinyx Signal Fatigue Manager Zurich Mosaic Management Systems RITEQ, EDP Software Work Technology Corporation these businesses are assessed based on their product portfolios, sales, pricing trends, revenues, and strategic initiatives. Throughout the analysis, this information is used to lay out numerous strategies for investors and new entrants to effectively execute geographic expansions, mergers and acquisitions, R&D activities, and new product launch plans.
Fatigue Management Software Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Growing Demand for Fatigue Management Software from Automotive Industry
- Continued Research and Government Support Regarding the Development and Awareness Regarding the Chronic Fatigue Syndrome
|
Major Trends | - Rise in Awareness about Fatigue Management Software and Treatment through Medications and Therapies
- Development of Materials with Higher Fatigue Life Cycle
|
Restraints | - Lack of Awareness Regarding the Disease
- Rise Cost of Fatigue Management Software
|
Road Blocks / Challenges | - Availability of Software Quality Product
- Low Data Accuracy Due To High Levels of Background Variation
|
Gaps & Opportunities | - Technological Innovation associated with Fatigue Management Software
- Increasing Demand from Commercial as well as Residential Buyers
|
Key highlights of the Global Fatigue Management Software market Study:
• CAGR of the market during the forecast period 2021-2027
• In-depth information on growth factors that will accelerate the Fatigue Management Software market in next few years.
• Detailed Insights on futuristic trends and changing consumer behavior
• Forecast of the Global Fatigue Management Software market size and its contribution to the parent market by type, application and by country.
• A broad view of customer demand
• Uncover market’s competitive landscape and in-depth information on various Players
• Comprehensive information about factors that will challenge the growth of Fatigue Management Software Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
• A tipping point in globalization
• A major slowdown in Western economies
• Significant shifts in technology and cost structure
• The challenges of regulatory compliance
• New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fatigue Management Software market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Fatigue Management Software market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Fatigue Management Software Manufacturer, Fatigue Management Software Distributors and Suppliers, Research Organizations and Consulting Companies, Government Bodies, End-Users and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.