Mobile Workforce Management Market Is Expected To Offer Substantial Growth Opportunities, Reaching $1166 Billion By 2029
What Is The Expected Valuation Of The Mobile Workforce Management Market In The Upcoming Years, And How Quickly Is It Set To Grow?
The mobile workforce management market size has grown rapidly in recent years. It will grow from $6.39 billion in 2024 to $7.18 billion in 2025 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to increased demand for mobile applications and workforce optimization, integration of mobile workforce management with other enterprise systems, the expansion of the BYOD (bring your device) trend within the workplace.
The mobile workforce management market size is expected to see rapid growth in the next few years. It will grow to $11.66 billion in 2029 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to rise in remote work and field operations, growing demand for real-time visibility and performance tracking, increasing adoption of mobile devices and connectivity. Major trends in the forecast period include adoption of AI and ML for workforce optimization, growing integration with ai and ml technology, the increasing use of cloud-based workforce management systems across industries.
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Which Major Drivers Are Accelerating Expansion Within The Mobile Workforce Management Market?
The rise in remote work is expected to propel the growth of the mobile workforce management market going forward. Remote work refers to the practice of performing work outside of a traditional office setting, typically from a location other than the employer's physical workplace. Mobile workforce management is used in supporting remote work by providing tools and processes to effectively manage employees who are not physically present in a central office. For instance, in July 2022, according to a survey of 2,300 full-time workers by Owl Labs, a US-based provider of video conferencing devices, the number of workers in the US choosing remote work in 2022 increased by 24% from 2021 and interest in hybrid-work increased by 16%. Further, around 62% of workers felt more productive when working remotely. Therefore, the rise in remote work is driving the growth of the mobile workforce management market.
Which Segments Are Expected To Shape The Future Direction Of The Mobile Workforce Management Market?
The mobile workforce managementmarket 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
Which Trend Shifts Are Redefining Opportunities In The Mobile Workforce Management Market?
Major companies operating in the mobile workforce management market are developing innovative apps, such as Skedulo Plus, to gain a competitive edge in the market. Skedulo Plus aims to revolutionize the way mobile workers manage their work and provide a seamless experience for businesses with mobile workforces. For instance, in October 2023, Skedulo, a US-based provider of cloud-based productivity software, launched Skedulo Plus, a new mobile workforce management app designed to empower businesses with mobile workers to manage more efficiently, schedule and complete work. This provides a robust, consumer-grade user experience that can be adapted and extended to meet the unique needs of mobile workers. The unique features of Skedulo Plus include a consumer-grade user experience, flexible architecture, multi-language capabilities, offline data sync for resources in the field, the ability to accept and view jobs, availability management, and more.
Who Are The Companies Setting The Competitive Benchmark In The Mobile Workforce Management Market?
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
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Which Region Currently Accounts For The Largest Share Of The Mobile Workforce Management Market?
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.
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