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Global Workforce Management Software Market 2021 Recent Study including Growth Factors, Applications, Regional Analysis, Key Players and Forecasts

Workforce Management Software

The report focuses on the favorable Global “Workforce Management Software market” and its expanding nature. The Workforce Management Software market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The global workforce management software market was valued at USD 2601.7 million in 2018 and is expected to reach a value of USD 3327.87 million by 2024 at a CAGR of 4.21 % over the forecast period (2019 – 2024). According to a study conducted by Dell and Intel on the current trends at the workplaces across the globe, although employees are broadly happy with their current jobs, they are increasingly growing dissatisfied with the reporting and communication processes adopted by their organizations. This problem is further compounded by the changing needs at the workplace, with employees no longer expected to just work within a conventional schedule of a 9 AM – 5 PM, due to diversification in work practices.
  • – Earlier, the resource management was carried out manually or through spreadsheets, which was highly time-consuming, leading to the discrepancy of data. Introduction of IoT to workforce management software eases the job by enhancing technological capabilities. This is likely to boost the workforce management software market growth over the forecast period.
  • – Analytical solutions cause the companies to increase their bottom line and increase their ROI by projecting future trends and extrapolating possible outcomes based on “what-if” scenarios. The collaboration between partners like vendors, suppliers and customers gets easier by uncovering new insights. The success of any implemented plan can also be measured using analytical solutions.
  • – In a report titled ‘The Future of Jobs 2018’ by the World Economic Forum (WEF), around 54% of the global workforce had to be re-skilled or up-skilled to work in disruptive and digital technologies spawning the virtual world. Managing a workforce management software is a challenge for the companies, since vendors are releasing new versions of workforce management software every other day and similar companies are also emerging.

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    Key Manufacturers

  • Active Operations Management International LLP
  • NICE Systems Ltd.
  • Oracle Corporation
  • Infor
  • Kronos Incorporated
  • Reflexis Systems, Inc.
  • SISQUAL
  • Replicon Inc.
  • WorkForce Software, LLC
  • JDA Software Group, Inc.
  • BambooHR LLC
  • 7shifts
  • IBM Corporation
  • SAP SE
  • Verint Systems Inc
  • ADP, LLC
  • ATOSS Software AG

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Workforce Management Software market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Workforce Management Software market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Workforce Management Software market have also been involved in the study.

    Scope of the Report:

  • Workforce management software enables organizations to centralize resource usage data and better plan future utilization. It allows the companies to create custom workflows to be more efficient in their decision-making processes and protect the integrity of data. Therefore, in order to manage several aspects of workforce for better productivity, the market software solutions include workforce forecast & scheduling, time & attendance management, task management, HR management and others including workforce analytics.

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    TOC of Workforce Management Software Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Workforce Management Software market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Workforce Management Software Market Report Covered:

    • The report analyses how Workforce Management Software market will grow in the future.
    • Analyzing various perspectives of the Workforce Management Software market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Workforce Management Software market shares and policies employed by the major market players.
    • Competitive landscape including the Workforce Management Software market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Workforce Management Software market players

    Key Market Trends:

    Cloud to Exhibit the Highest Growth

    – The adoption of cloud computing in workforce management software enables various benefits, such as mobility, flexibility, and security. It allows the administrator of an organization to access with any device and at any time.
    – In addition, changes can be made or any workforce related task can be scheduled irrespective of the location of the administrator. It saves an enormous amount of money as the organization subscribes to the required amount of storage and technical specification.
    – Companies offer workforce management solutions through private cloud to provide multi-level physical and logical security features, thus spending on private cloud is increasing.

    Asia-Pacific to Record the Fastest Growth Rate

    – The number of workforce in the Asia-Pacific countries, such as and China, is expected to increase due to the rise in the number of companies and regulations associated with job creation.
    – Projects like APEC Digital Workforce Development Project helps APAC’s workforce leverage digital and distance-learning technologies through improved career and technical education (CTE).
    – Moreover, the region is increasingly adopting new technologies to encourage development and to contribute to economic growth. The aforementioned factors are expected to propel the usage of software, thereby, propelling the market growth in the region over the forecast period.

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    Study objectives of Workforce Management Software Market Report:

    • To provide a detailed analysis of the market structure along with the Workforce Management Software market forecast of various segments and sub-segments of the Workforce Management Software market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Workforce Management Software market trends that influence the global Workforce Management Software market

    Detailed TOC of Workforce Management Software Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Adoption of Internet of Things (IoT) and Cloud Based Solutions is Expanding the Market
    4.3.2 Growing Adoption of Analytical Solutions and WFM by SMEs is Driving the Market Growth
    4.4 Market Restraints
    4.4.1 Implementation and Integration Concerns is Hindering the Market
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Software Type
    5.1.1 Labor Forecast & Scheduling
    5.1.2 Time & Attendance Management
    5.1.3 Task Management
    5.1.4 HR Management
    5.1.5 Workforce Analytics
    5.2 By Deployment Mode
    5.2.1 On-premise
    5.2.2 Cloud
    5.3 By End-user Vertical
    5.3.1 BFSI
    5.3.2 Retail
    5.3.3 Automotive
    5.3.4 Public Sector
    5.3.5 Healthcare
    5.3.6 Industrial Manufacturing
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 United Kingdom
    5.4.2.3 France
    5.4.2.4 Spain
    5.4.2.5 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 South Korea
    5.4.3.5 Rest of Asia-Pacific
    5.4.4 Rest of the world
    5.4.4.1 Latin America
    5.4.4.2 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Active Operations Management International LLP
    6.1.2 NICE Systems Ltd.
    6.1.3 Oracle Corporation
    6.1.4 Infor
    6.1.5 Kronos Incorporated
    6.1.6 Reflexis Systems, Inc.
    6.1.7 SISQUAL
    6.1.8 Replicon Inc.
    6.1.9 WorkForce Software, LLC
    6.1.10 JDA Software Group, Inc.
    6.1.11 BambooHR LLC
    6.1.12 7shifts
    6.1.13 IBM Corporation
    6.1.14 SAP SE
    6.1.15 Verint Systems Inc
    6.1.16 ADP, LLC
    6.1.17 ATOSS Software AG

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

    Contact Us:

    Name: Ajay More

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