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Evolving Market Trends In The Mobile Workforce Management Industry: Introduction To Innovative Apps In The Mobile Workforce Management Market
The Mobile Workforce Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Mobile Workforce Management Market Size During the Forecast Period?
In recent years, there has been a significant expansions in the mobile workforce management market. The value of the market, which stands at $6.39 billion in 2024, is projected to escalate to $7.21 billion in 2025 growing at a compound annual growth rate (CAGR) of 12.7%. This surge in growth in the historical period is a consequence of the rising demand for mobile applications and workforce optimization, the integration of mobile workforce management with other corporate systems, and the proliferation of the BYOD (bring your own device) movement in the work environment.
The size of the mobile workforce management market is predicted to experience a swift expansion in the coming years. It's projected to reach a valuation of $11.71 billion by 2029, with a compound annual growth rate (CAGR) of 12.9%. The anticipated growth during the forecast period can be credited to the expansion of remote work and field operations, the escalating demand for real-time visibility and performance tracking, and the increasing acceptance of mobile devices and connectivity. Looking ahead, significant trends include the implementation of AI and ML for workforce enhancement, growing merger with AI and ML technology, and a surge in the uptake of cloud-based workforce management systems across various sectors.
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What Are the High-Growth Segments in the Mobile Workforce Management Market?
The mobile workforce management market covered in this report is segmented -
1) By Type: Cloud-Based, On-Premise
2) By Component: Solutions, Services
3) By End-User: Banking, Financial Services and Insurance(BFSI), Communication, Logistics, Manufacturing, Procurement, Other End Users
Subsegments:
1) By Cloud-Based: Software As A Service (Saas) Solutions, Mobile Application Platforms, Remote Monitoring And Management Tools, Data Storage And Backup Services, Subscription-Based Models
2) By On-Premise: Installed Software Solutions, Local Server Management Systems, Customized Workforce Management Applications, In-House Data Storage And Processing, Dedicated Hardware Setups
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What Key Drivers Are Expected to Influence Future Mobile Workforce Management Market Growth?
The increase in teleworking is anticipated to boost the mobile workforce management market's expansion in the future. Teleworking pertains to the notion of accomplishing tasks outside of a conventional office setting, commonly in a place other than the employer's actual business location. Mobile workforce management aids in facilitating telework by offering the required tools and procedures to efficiently supervise employees who aren't physically located in a primary office setting. For example, a survey conducted by Owl Labs, a video conferencing device provider based in the US, in July 2022 involving 2,300 full-time workers, showed that the number of American workers opting for telework in 2022 rose by 24% compared to 2021 and the interest in the hybrid-work concept grew by 16%. Additionally, approximately 62% of workers reported feeling more productive when working remotely. Consequently, the surge in teleworking is propelling the mobile workforce management market's growth.
Which Companies Hold the Largest Share Across Different Mobile Workforce Management Market Segments?
Major companies operating in the mobile workforce management market report are Microsoft Corporation, Verizon Wireless, AT&T Inc., IBM Corporation, Oracle Corporation, Sprint Corporation, SAP SE, ServiceMax, ADP LLC, TELUS, Jobber, Zebra Technologies, Trimble Inc., Kronos, Pegasystems Inc., Verint, Calabrio, Descartes Systems Group, FeedHenry (Red Hat Inc.), Skedulo, Actsoft Inc., BigChange, Vox Mobile, FieldAware, ProntoForms Corporations
What Trends Are Driving Growth in The Mobile Workforce Management Market?
Prominent companies in the mobile workforce management market have started to create innovative apps like Skedulo Plus as a strategic move to stay ahead in the competition. Skedulo Plus is intended to transform the work management process for mobile workers and offer a streamlined experience for businesses that employ mobile workforces. For example, in October 2023, Skedulo, a U.S. company specializing in cloud-based productivity software, debuted Skedulo Plus. This new mobile workforce management app enables businesses with mobile employees to handle, schedule, and finalize work more effectively. It offers a strong, consumer-level user experience which can be customized and expanded to cater to the specific requirements of mobile workers. Skedulo Plus boasts distinctive features such as a user-friendly interface, adaptable structure, multilingual capabilities, the ability to sync data offline for field resources, accepting and viewing job options, managing availability, among other functions.
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What Are the Emerging Geographies for The Mobile Workforce Management Market Growth?
North America was the largest region in the mobile workforce management market in 2024. The regions covered in the mobile workforce management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Mobile Workforce Management Market?
2. What is the CAGR expected in the Mobile Workforce Management Market?
3. What Are the Key Innovations Transforming the Mobile Workforce Management Industry?
4. Which Region Is Leading the Mobile Workforce Management Market?
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