Press release
Mobile Workforce Management Market Global Leaders -Clicksoftware Technologies , IFS Solutions Ltd , Oracle Corporation, FeedHenry (Red Hat Inc.)
Mobile Workforce Management is used to manage employees working on field or outside the company premises, human resource management, performance and training management, performance data collection, forecasting of workload and human resource requirement, scheduling of working times and process analysis. The global mobile workforce management market is expected to grow with approximately 13% CAGR during forecast period 2017-2023.
Current trends of Global Mobile Workforce Management market
• Cloud-based solutions are expected to result in faster adoption due to advantages such as potential to control the costs associated with supporting and managing hardware, simple deployments, faster operational times, easy and seamless integration into the existing infrastructure and better security without the hassle of installation and management of on-premise hardware
• Growing product development strategies - In June 2016 Abaqus Inc. (U.S) launched a new solution which combines IFFT rules with real-time GPS location and status information to detect when an employee might be in danger and initiate an emergency response.
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The Mobile Workforce Management holds some of the major players like Clicksoftware Technologies (U.S.), IFS Solutions Ltd (U.S.), Oracle Corporation (U.S.), SAP AG (Germany), Service Max (U.S.), Verizon Wireless (U.S.), Actsoft Inc. (Finland), ADP LLC (U.S.), Airclic Inc. (U.S.), Aricent Inc. (U.S.), AT&T Inc. (U.S.), FeedHenry (Red Hat Inc.) (U.S.), MobiWork LLC (U.S.), Pegasystems Inc. (U.S.), ProntoForms Corporations (Canada), ServicePower (U.K), Sprint Corporation (U.S.), TeleCommunications System Inc. (U.S.), Zebra Technologies Corporation (U.S.), Vox Mobile (U.S.), Work Force Software LLC (U.S.), and Trimble Navigation Ltd (U.S.),.
The global Mobile Workforce Management Market is expected to grow with approximately 13% CAGR during forecast period 2017-2023.
Regional analysis of the Mobile Workforce Management market
The U.S. and European nations lead the world in the Mobile Workforce Management market fostered by an increase in the demand for IT solutions, presence of prominent market players, and large economy as well as better connectivity.
Europe shows a significant rise in the Mobile Workforce Management market due factors similar to the U.S. The Europe Union (EU) is funding several healthcare IT projects such as, “Revenue Health”, which is powering the market indirectly.
Asia Pacific shows phenomenal growth in telemedicine market and is expected to the fastest growing region due to rising economy, large unmet needs, developing telecommunication technology as well as developing.
However Africa remains a dark continent for the Mobile Workforce Management due to its poor socio economic conditions. The countries with the least smartphone ownership rates are Tanzania (11%), Uganda (4%) and Ethiopia (4%).
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Drivers
• Increasing adoption of smartphones is the critical driver of the market. Smartphone ownership rates in emerging and developing nations climbed from a median of 21% in 2013 to an eye watering 37% in 2015.
• Emergence of secured wireless networks
• Development of connected mobile applications and virtual systems
• Falling prices of smart phones and tablets in developing regions
• Adoption of Bring Your Own Device (BYOD) policies and growing work flexibility. According to EPAY System Inc. (U.S.), a leading American company, by 2020 the number of mobile workers will increase to 105 million in U.S. alone.
• Benefits such productivity/profitability improvement, transparency, and risk reduction
• Automatic scheduling, routing, effective dispatch, business intelligence, application integration and work demand forecast
• Growing investment in mobile workforce management technologies to automate manual tasks
Restraints
• High cost and lack of awareness especially in the developing regions due to dominance of brick and mortar business mentality
• Poor network and connectivity in developing and poor regions such as African nations
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