Global Workforce Management Software Market 2017-2021 The report utilizes the financial records revealed by the top players in the global Workforce Management Software market. This data is then compiled and screened using a 360-degree analysis. The features that either strengthen or undermine the market’s growth over a given forecast period are also explained for the better understanding to the readers.
Global workforce management software market will grow at a CAGR of above +8% during the forecast period. The rising need to streamline HR functions is one of the primary drivers for market growth.
The HR division in a company mainly manages functions such as staffing, compensation, training, benefits, and welfare leading to various jobs that need to be manually handled and increases the amount of paperwork affecting the overall productivity for HR executives. The workforce management software raises the productivity and efficiency of the HR personnel by finding the right person for the job in a shorter time and helps in coordinating different roles efficiently and automates all activities.
Additionally, the software also assists in tracking employee attendance, employee enrollments, beneficiary changes, policy updates, discontinuation of coverage, and repetitive activities. Moreover, the software also helps in automation of different tasks such as searching for keywords in resumes and finding applicants with specific educational qualifications.
Also, the increase in automation across several industries, will also drive the adoption of workforce management software since it assists in automating and streamlining the workforce management process.
One of the latest trends that will gain traction in the global workforce management software market is the surging use of social media. The widespread popularity of social media in the human resource management industry allows companies to receive information from various sources and make an assessment of the employees and potential candidates.
The features of the software including easy referrals, increased chances of finding the suitable candidates, optimum employee engagement, and mutually-beneficial two-way communication are some of the key factors driving the social media-based workforce management process. Due to such benefits of social media integration with workforce management software, the vendors will start offering a consolidated solution.
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In this report the global Workforce Management Software market, aims at discovering key statistical and factual information on the Workforce Management Software, while providing precise evaluations for the scope of this market in the near future, with respect to the growth of its players. The nature of the descriptive analysis of the market requires a major effort in terms of an in-depth analysis, which includes the market’s multiple internal and external benefits.
It also includes large samples of data where necessary for the customers to get clear picture of the market scenario.
In terms of geography, the Americas dominated the workforce management software market during 2016 and is foreseen to continue the domination during the forecast period. The improved penetration of social media and the rising demand for cost-effective HR solutions will be the major factors driving the market’s growth in this region.
Moreover, the growth in the employment rates in the region especially in countries such as the US, will also propel the growth of this market in the Americas.
The Major players reported in the market include: ADP, Ceridian HCM, Kronos, Oracle, SAP, Ultimate Software, Ascentis, ATOSS Software, BambooHR, HR Bakery, iCIMS, Infor, JDA Software Group, NICE, PeopleFluent, Performly, Reflexis Systems, The Sage Group, Workday, and Zoho Corporation.
The report has been compiled to educate individuals and enterprises with the information that they desire as strong players in the global Workforce Management Software market. The report gives an overview of the market initially, which describes all the major concepts which are critical in fully understanding its deeper traits.
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Analysis of different trends that are prevailing in the market was made. The segmentation of the market was included.
Studies of the sub-segments were also considered in order to better understand the market position in the global market.
Emerging countries such as India, Japan, France, and China are the primary targets of the industry. Increasing demand for the commodities, increasing losses, and changing practices and storage technologies are some of the major driving factors for this market.
Regulatory changes such as Environmental Protection Laws and changing government policies across diverse geographies are restraints for the Workforce Management Software market players.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global workforce management software market?
What are the key market trends impacting the growth of the global workforce management software market?
What are the challenges to market growth?
Who are the key vendors in the global workforce management software market?
What are the market opportunities and threats faced by the vendors in the global workforce management software market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA
What are the key outcomes of the five forces analysis of the global workforce management software market?
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Table of Contents
Chapter 1 Workforce Management Software Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast
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