New York, USA, October 13, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report from Market Research Future (MRFR), “Global Mobile WFM MarketplaceBy Implementation, By End User, By Tools – Forecast 2030”, the global market is expected to fetch USD 10.46 billion by 2030, growing at a CAGR of 13.6% over the evaluation period (2020-2030). ).
Mobile WFM Market Overview
The global mobile workforce management market is showing significant growth potential. Organizations around the world are rapidly implementing mobile workforce management solutions and related services into their systems to manage employees who work offsite. Advances in technology have made remote work environments possible for workers who travel between different offices frequently. With the rise of the mobile workforce working in multiple locations spread across the globe and connected via the Internet, market demand is expected to grow exponentially over the next few years.
Mobile workforce management (MWM) allows companies to use the best talent according to the needs of the organization. Implementing mobile workforce management solutions and services in business systems offers tremendous benefits. A good mobile workforce management system enables efficient remote access to the organization’s data and software applications, supported by high security.
The Major Key Players Involved In The Mobile WFM Market Are,
- SAP SE (Germany)
- ServiceMax (USA)
- Verizon Wireless (US)
- Actsoft Inc. (USA)
- FeedHenry/ Red Hat Inc. (USA)
- MobiWork LLC (USA)
- Pegasystems Inc. (USA)
- ProntoForms Corporations (Canada)
- ServicePower Inc. (UK) Sprint Corporation (USA)
- and TeleCommunications System Inc. (USA)
- among others.
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It streamlines modern workflows and technologies to schedule, monitor, track, and analyze the performance of remote workers as they deliver services and support to customers. With mobile workforce management, organizations can efficiently align staffing with changing business needs, pay their employees accurately, and meet compliance requirements. The addition of the MWM system helps organizations increase employee engagement.
Most companies have realized the benefits of adopting mobile workforce practices. Flexible work environments offer benefits to both employees and business owners. Mobilizing the workforce allows for a more positive employee experience. Employees who work remotely report higher productivity, more positive attitudes at work, and a better work-life balance.
In addition to increased productivity and better work-life balance, mobile workforce practices help employees reduce their expenses and stress levels, leading to reduced time-off requests. Other benefits of flexible work environments include achieving better customer service, lowering real estate costs, adding business continuity, eliminating travel times, expanding the talent pool, and encouraging diversity.
Scope of the Mobile Workforce Management Market Report:
|Market size by 2030||$10.46 billion|
|CAGR during 2022-2030||13.6%|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors and Trends|
|Covered segments||per deployment, per end user,|
|Key Market Drivers||latest innovations in computing and mobile broadband technology
technologies to automate manual tasks, improve productivity/profitability, gain transparency and reduce risk
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However, mobile workforces require efficient processes and systems to successfully deliver products and services to customers. Mobile Workforce Management (MWM) solutions offer the unique tools and processes needed to support and empower employees working from different locations around the world. Mobile workforce management improves the productivity, efficiency, and satisfaction of remote workers.
Mobile workforce management software solutions are being implemented in small and medium-sized businesses to better manage their business operations and improve collaboration and productivity and simplify related work requirements. Aside from the growing number of companies, the increasing adoption of MWM solutions in the BFSI, IT & Telecom and Retail industries positively impact the growth of the market.
In addition, the growing demand for MWM solutions to gain better control over employees and the increased investment of companies in implementing modern real-time management tools to increase employee productivity increases the market value. The proliferation of mobile devices in work environments encourages companies to invest in cloud-based MWM solutions, allowing employees to access various systems, applications, and software remotely.
Mobile Workforce Management Market Segments
The Mobile Workforce Management market report is segmented into tools, implementations, end-users, and regions. The tools segment is sub-segmented into IOS, Android, MySQL and Windows. The deployment segment is sub-segmented into on-premises, cloud, and other. The end user segment is sub-segmented into BFSI, logistics, procurement, communication, manufacturing, and other industries. The region segment is sub-segmented into APAC, Americas, MEA, Europe, and Rest of World.
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Regional analysis of the mobile workforce management market
North America dominates the global mobile workforce management market. The growing adoption of MWM solutions and services and advanced technologies such as cloud computing, machine learning, and artificial intelligence drive the growth of the market. In addition, the strong presence of major mobile workforce management platform providers and the growing demand for advanced remote workforce management to improve operational efficiency drive the market size.
Europe is another fast-growing market for mobile workforce management solutions. The growing use of mobile workforce management software and the high adoption of digital work solutions among companies of all sizes corroborate the region’s market shares. In addition, the growing demand and adoption of a cloud-based MWM deployment model in the region contribute to the revenue of the MWM market.
The mobile workforce management market in the Asia Pacific region is dynamic. The region demonstrates immense revenue growth opportunities as an increasing number of companies look to automate their workforce management process. Furthermore, the proliferation of cloud technology, coupled with growing partnerships and strategic investments by players operating in the region, increases MWM’s market value.
Competitive Analysis of the Mobile Workforce Management Market
The mobile workforce management market is witnessing major product launches and deployments. Market players initiate strategic approaches such as expansions, collaborations, mergers and acquisitions, and product launches to gain more competitive share. Mature industry players make strategic investments to boost their research and development activities and expansion plans.
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For example, on September 26, 2022, Util-Assist and SEW announced that they have entered into an agreement to offer AI/ML-powered utility mobile workforce experience (WX) and customer experience (CX) platforms. The collaboration aims to advance the digital transformation of utilities by focusing on the customer, field service excellence and driving sustainability.
Under the agreement, Util-Assist will provide system integration services to its customers, implementing SEW’s Smart Customer Mobile (SCM), a CX digital platform, Smart Mobile Workforce (SMW), a WX digital platform, and Smart-iQ (SiQ). , an innovative AI/ML analytics platform. This unique utility system integration with meter-to-cash automation will provide industry-leading digital customer and workforce experience platforms that offer utilities a trusted way to transform customer and workforce relationships.
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