Raken Strengths, Domain Expertise, and Key Differentiators
Raken's key differentiator lies in its mobile-first technology tailored for construction workflows. The platform offers a comprehensive suite of features, including daily reports, time cards, photo management, and toolbox talks, all designed to seamlessly connect field and office operations. The recent integration of AI-powered solutions further enhances Raken's ability to streamline field management, providing users with intelligent tools to improve efficiency and decision-making.
Raken Recent Developments
In 2024, Raken expanded its equipment management capabilities, introducing enhanced tracking, reporting, and maintenance features to better assist customers in managing their construction equipment. Earlier that year, Raken launched an AI-powered field management solution, marking the first in a series of AI-driven tools aimed at improving field operations.
Raken Mergers and acquisitions (M&A) Activities
No M&A activities in the last 12 months.
Raken Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Raken applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Raken and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Raken customers.
Raken Overview
Ownership: - x
Number of Employees: 120
Functional Market: Task Management, Time and Attendance,
Key Verticals: Construction and Real Estate,
Raken Key Cloud and HCM Applications
Raken
Raken HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Raken Revenue Breakdown by Type:
Raken HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
Raken HCM Applications Revenues By Verticals, $M:
Raken Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Raken Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Raken Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Raken Customers
No. of Raken Customers: 4300
No. of Raken HCM Applications Customers: x
No. of Raken Cloud HCM Customers: 4300
No. of Raken Cloud HCM Subscribers: 40000
With a client base of nearly 4,300 across all 50 U.S. states and 92 countries, Raken's platform is extensively utilized in various construction projects. Notable clients include Opus Mechanical, Maurice Agrillo General Contractors, and Sundt Construction, reflecting a diverse and robust customer base. The company's widespread adoption underscores its effectiveness in addressing the needs of the construction industry.
Raken Market Opportunities, M&A and Geo Expansions
Raken's continuous innovation presents opportunities to delve into new workflows and embrace emerging technologies. By integrating cloud computing, IoT, and AI/ML technologies, Raken can further optimize its solutions, enhancing operational efficiency for construction projects. Expanding into new regions and vertical markets also offers avenues for growth, allowing Raken to serve a broader spectrum of the construction industry.​
Raken Risks and Challenges
In a rapidly evolving construction technology landscape, Raken faces challenges such as market competition and the volatility of introducing similar solutions by other players. Overcoming resistance to technology adoption within the industry, keeping pace with technological advancements, and managing operational risks are crucial for Raken's sustained growth.​
Raken Ecosystem, Partners, Resellers and SI
Raken's ecosystem includes partnerships with industry players like Pype and Stack Construction Technology, as well as various construction-focused associations. These collaborations contribute to the platform's integrations and enhancements, catering to diverse construction industry needs through value-added services. By fostering a network of system integrators and value-added resellers, Raken amplifies its reach and impact within the construction technology sector.​
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
