Global Workforce Management Market, By Geography; Solution (Absence Management, Performance Management, Workforce Scheduling, Time & Attendance Management, Workforce Analytics); Service (Implementation Services, Support & Maintenance, Training & Education); Deployment Type; Organization Size; Vertical – Industry Trends and Forecast to 2024
The Global Workforce Management Market accounted for USD 5.01 billion in 2016 growing at a CAGR of 11.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Workforce management is an integrated process of optimizing the productivity of department, and employees of an organization. A wide variety of software products help human resource employees to manage a workforce.
The elements included in workforce management are payroll and benefits resources, time and attendance tools, performance management components. It is widely applicable in government and defense, banking, financial services, and insurance, healthcare, transportation and logistics, telecom and IT, consumer goods and retail, manufacturing, energy and utilities, and others.
Increased focus on workforce optimization and mobile application may act as the major driver in the growth of workforce management market. On the other side less intent to adopt a software solution switching from traditional methods in SMEs may hamper the market.
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Major Market Drivers & Restraints:
- Rise of cloud-based solutions
- Increased focus on workforce optimization and mobile applications
- Increased adoption of automation
- Less intent to adopt a software solution switching from traditional methods in SMES
Major Market Competitors:
Some of the major players of the global workforce management market are IBM Corporation, Oracle, SAP SE, Kronos Incorporated, ADP, LLC, Ultimate Software, Workday, Inc., Verint Systems Inc., Workforce Software, LLC, Reflexis Systems, Inc., NICE, ActiveOps Limited, Infor, and others.
On The Basis Of Solution:-absence management, performance management, workforce scheduling, time and attendance management, workforce analytics, and others.
On The Basis Of Service: - implementation services, support and maintenance, training and education.
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On The Basis Of Deployment Type: - cloud, and on-premises.
On The Basis Of Organization Size: - small and medium enterprises, and large enterprises.
On The Basis Of Vertical:- government and defense, banking, financial services, and insurance, healthcare, transportation and logistics, telecom and IT, consumer goods and retail, manufacturing, energy and utilities, and others.
On The Basis Of Geography, the global workforce management market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
Company Share Analysis:
The report for global workforce management market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
The report also measures technology life line curve and market time line to analyze and do more affective investments.
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