Mobile Workforce Management Market – Global Forecast to 2023
Market Research Future (MRFR), in its new “Mobile Workforce Management Market” report, states that the global market of mobile workforce management holds great potential to expand at a healthy CAGR of about 13% across the forecast years of 2017 to 2023. MRFR reveals that the worldwide mobile workforce management market is expected to attain a decent valuation by the end of the forecast period.
Mobile workforce management software and services are extensively used to manage employees, those working on the field. The increase in the frequency of usage of mobile devices is boosting the need for mobile applications, secured wireless networks, and virtual desktops setup. This has generated new opportunities for small and medium businesses to grow, which in turn is surging the adoption of mobile workforce management solutions as approaches by different companies become digital. The drop in the prices of tablets and smartphones and the growing BYOD (Bring Your Own Device) trend at workplace are other growth inducers of the market. Innovations in mobile broadband and computing technology are expected to shape the future of the mobile workforce management market. On the downside, the technology is observed to create high number of administrative tasks that result in, making task for mobile workers more challenging and deviate them from their core responsibilities. The mobile workforce management solutions enable automatic scheduling, routing, use of business intelligence, effective dispatch, and aids in the simplification of work process. The advantages are likely to boost the expansion of the market.
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The global market of mobile workforce management is segmented by end-users, tools, and deployment. By end-user, the market is segmented into communication, BFSI, logistics, manufacturing, procurement, and others. The logistics segment is expected to gain high traction for the worldwide market of mobile workforce management. By deployment, the market is classified into cloud and on-premise. With the increase in the use of Internet of Things (IoT) the need for cloud-based solutions is increasing. Hence, the mobile workforce management market is expected to make high profit for the market.
the worldwide market of mobile workforce management is experiencing high competition. The need to maintain the reputation and hold the position of these key players are resulting in various dynamics that are expected to benefit the market. New entrants and growth of existing companies are noted to transform the competitive landscape. Market leaders are launching cost-effective and more practical innovations as they continuously seek market expansion through strategic mergers, acquisitions, partnerships, and substantial investments in research and developmental activities.
Detailed Regional Study
The mobile workforce management market in North America is likely to hold the grand share of the global market. Extensive research undertakings for developments in the telecom industry and technology associated with network expansion can drive the regional market. In addition, the market can also be driven by the high usage of Internet of Things and increase in the adoption of cloud-based technology. The market in the US is expected to make high profits for the regional market due to different initiatives launched by government. In Asia Pacific, the mobile workforce management market is likely to experience rapid growth owing to the increase in the awareness about the technology among individuals and enterprises.
MRFR enlisted prominent companies operating on the mobile workforce management market. They are; ServiceMax (U.S.), SAP SE (Germany), Actsoft Inc. (U.S), Verizon Wireless (U.S.), FeedHenry (Red Hat Inc.) (U.S.), Pegasystems Inc. (U.S.), MobiWork LLC (U.S.), ServicePower, Inc. (U.K), Sprint Corporation (U.S.), ProntoForms Corporations (Canada), and TeleCommunications System Inc. (U.S.).
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Global Mobile Workforce Management Market, by Deployment (Cloud, On-Premise), by End-User (BFSI, Communication, Logistics, Manufacturing, Procurement), by Tools (IOS, Android, MySQL) – Forecast 2023
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