Industry Background:
The mobile workforce management industry has never been robust, as many enterprises recognize the importance of these tools to help get the best from an increasingly mobile workforce. The mobile workforce management solutions are expected to increase in a rapid manner in the coming years. The development in the trend of bringing your own device is driving huge growth in this industry. An increasing number of large size organization is driving huge growth in this industry.
According to AMA Research, the market for Mobile Workforce Management is expected to register a CAGR of 13.16% during the forecast period to 2030. This growth is primarily driven by The rapid development of the Internet of Things (IoT) connected devices across the globe, both on the consumer side - Smart Home devices – along with the enterprise side is driving huge growth in this industry. The increasing number of active IoT devices is expected to grow to USD 10 Bn by and it is expected to reach USD 22 bn by the year 2025..
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Business Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as SAP AG (Germany), ClickSoftware Technologies (Israel), IFS AB (Sweden), Verint (United States), Oracle Corporation (United States), ServiceMax (United States), Verizon Wireless (United States), Actsoft Inc. (United States), ADP, LLC (United States) and Airclic (Descartes Systems Group) (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2022, ActiveOps and ReturnSafe announced a strategic partnership to combine the effective vaccination, testing, and case management capabilities from ReturnSafe with ActiveOps' hybrid workforce intelligence and planning solutions. The partnership combines the technology and expertise of both companies to handle the ever-changing landscape of hybrid working due to the COVID-19 pandemic and the various protocols, mandates, and policies implemented to protect people from the virus.
In Jun 2020, Bullhorn revealed their plan to engage their workforce from registration through placement and payment. The company has announced the launch of a workforce management solution for staffing companies. Through this initiative, the company is enhancing its competency in the market.The market is fragmented by market key players, these players are focusing on production technologies, improving efficiency, and service life. The increase in opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in business growth strategies.
Influencing Trend:
Increase in Trend of ‘Bring Your Own Device’ Mobile Workforce Management Solutions and The Rise in Employee Engagement Via Mobile Workforce Management
Market Growth Drivers:
The rapid development of the Internet of Things (IoT) connected devices across the globe, both on the consumer side - Smart Home devices – along with the enterprise side is driving huge growth in this industry. The increasing number of active IoT devices is expected to grow to USD 10 Bn by and it is expected to reach USD 22 bn by the year 2025.
Challenges:
Less Presence in Appropriate Technical Expertise
Restraints:
The Slowdown in Economy Because of Covid-19 Pandemic
Opportunities:
Integration of Augmented Reality and Virtual Reality Technology in the Mobile Workforce Management and BFSI Sector is Witnessing Huge Adoption of Mobile Workforce Management Solutions Owing to Important Demand in the Insurance Sector
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Mobile Workforce Management Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Mobile Workforce Management Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Mobile Workforce Management players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Mobile Workforce Management Study Sheds Light on
The Mobile Workforce Management Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Mobile Workforce Management industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mobile Workforce Management industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.