Workforce Management Market: Global Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Solution, Deployment, Organisation Size, End-User, and Region.

Global Workforce Management Market size was valued at US$ 6.91 Bn. in 2020 and the total revenue is expected to grow at CAGR 9.12% through 2021 to 2027, the Workforce Management Market is reaching nearly US$ 12.73 Bn.

Global Workforce Management Market Overview:

Workforce management is a multifaceted technology that has enabled significant changes and generated significant paybacks in terms of revenue and convenience of use, and it is still evolving today. The growing use of mobile devices is expected to have a significant impact on the sector, as many businesses have expressed an interest in improving their mobile capabilities soon. Furthermore, as enterprises throughout the world embrace digital monitoring at a rapid rate, demand for absence and leave management solutions is expected to rise. Workforce Management Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Global Workforce Management Market Dynamics:

The general demand for workforce management solutions is increasing, resistance to change and training staff to adapt to new technology may operate as roadblocks for a few years. The focus of management solutions in HR is evolving from administration to planning and analysis, with data gathering and analytical tools being the primary development focus. As the business evolves, higher integration of big data and mobility into mainstream solutions is expected to influence the market. Increased usage of advanced technologies such as artificial intelligence is a key market growth driver for workforce management. The demand for workforce management is expected to increase by the growing demand for the internet of things by small and medium-sized businesses, and the emergence of remote workforce solutions. The workforce management market is expected to show more lucrative growth opportunities as smartphone usage increases around the globe and organizations place a greater emphasis on human resource analytics. However, a lack of awareness regarding workforce management is expected to act as a growth restraint for the market. The lack of advanced infrastructure in developing economies is expected to slow the market's growth rate during the forecast period.

Global Workforce Management Market Segment Analysis:

Based on the Organisation Size, the Workforce Management Market is segmented into SMEs and Large Enterprises. The SMEs segment held the largest market share of xx% and SMEs segment was valued at US$ 3.64 billion in 2020. The SMEs are increasing, thanks to the growing demand for lower costs in the employee performance management process, enhanced employee engagement and productivity, data-driven insights for organizational performance, and the future scalability potential of small and medium-sized enterprises (SMEs). These factors are expected to grow this segment during the forecast period. Workforce Management Market by Organisation Based on the Deployment, the Workforce Management Market is segmented into Cloud and On-premise. The Cloud segment size valued at US $ 3.78 billion in 2020. Many business leaders are turning to Cloud-based workforce management and they want an all-in-one solution that includes services such as Salesforce, inbound marketing software, marketing automation software, workforce management software, and business analytical tools to gain insights into commercial, operational, and financial aspects. As a result, a workforce management market opportunity emerges in cloud-based workforce software management, which helps enterprises save time by automating traditionally labor-intensive operations. Workforce Management Market by Cloud Spending

Global Workforce Management Market Regional Insights:

North America region held the largest market share accounting for 41% in 2020. The fastest growth in this region is attributed to the growing adoption of workforce management software and solutions by various end-users such as retail, IT, BFSI, and other industries. North American countries like the United States and Canada are early adopters of new technology, and demand for cutting-edge technologies like AI, machine learning, and cloud computing has been encouraged the growth. Furthermore, global work management service providers are present in the region, which is expected to enhance the market in North America. Asia Pacific region is expected to witness significant growth at a CAGR of 9.81% during the forecast period. The implementation of labor laws and regulations in countries like India and China is fueling the market growth in this region. Increased workforce employment as a result of increased industrialization, technological improvements, and rising demand for cloud-based solutions is expected to create numerous attractive opportunities for the Asia Pacific market. The objective of the report is to present a comprehensive analysis of the Trampoline Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Trampoline Market dynamic, structure by analyzing the market segments and projecting the Trampoline Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Workforce Management Market make the report investor’s guide.

Global Workforce Management Market Scope: Inquire before buying

Global Workforce Management Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 6.91 Bn.
Forecast Period 2021 to 2027 CAGR: 9.12% Market Size in 2027: US $ 12.73 Bn.
Segments Covered: by Solutions •Time and Attendance Management • Leave and Absence Management • Performance Management • Workforce Scheduling • Workforce Analytics • Others
by Deployment • Cloud • On-premise
by Organisation Size • SMEs • Large Enterprises
by End-User • BFSI • IT and Telecom • Retail • Manufacturing • Healthcare • Transportation and Logistics • Others

Global Workforce Management Market, by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Global Workforce Management Market Key Players

• Oracle • Kronos • ADP • SAP • Ultimate Software • WorkForce Software • IBM • Workday • Ceridian • Verint • Reflexis Systems • ATOSS • NICE • SumTotal • Infor • Meta4 • Ramco Systems • TimeClock Plus • Replicon • Mark Information • Automatic Data Processing LLC • Huntington Business Systems • Anaplan • Epicor • Sage

Frequently Asked Questions:

1] What segments are covered in the Workforce Management Market report? Ans. The segments covered in the Workforce Management Market report are based on Solutions, Deployment, Organisation Size, and End-User. 2] Which region is expected to hold the highest share in the Workforce Management Market? Ans. The North America region is expected to hold the highest share in the Workforce Management Market. 3] What is the market size of the Workforce Management Market by 2027? Ans. The market size of the Workforce Management Market by 2027 is US $ 12.73 Bn. 4] What is the forecast period for the Workforce Management Market? Ans. The Forecast period for the Workforce Management Market is 2020-2027. 5] What was the market size of the Workforce Management Market in 2020? Ans. The market size of the Workforce Management Market in 2020 was US $ 6.91 Bn.
1. Global Workforce Management Market Size: Research Methodology 2. Global Workforce Management Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Workforce Management Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Workforce Management Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Workforce Management Market Size Segmentation 4.1. Global Workforce Management Market Size, by Solutions (2020-2027) • Time and Attendance Management • Leave and Absence Management • Performance Management • Workforce Scheduling • Workforce Analytics • Others 4.2. Global Workforce Management Market Size, by Deployment (2020-2027) • Cloud • On-premise 4.3. Global Workforce Management Market Size, by Organisation Size (2020-2027) • SMEs • Large Enterprises 4.4. Global Workforce Management Market Size, by End-User (2020-2027) • BFSI • IT and Telecom • Retail • Manufacturing • Healthcare • Transportation and Logistics • Others 5. North America Workforce Management Market (2020-2027) 5.1. Global Workforce Management Market Size, by Solutions (2020-2027) • Time and Attendance Management • Leave and Absence Management • Performance Management • Workforce Scheduling • Workforce Analytics • Others 5.2. Global Workforce Management Market Size, by Deployment (2020-2027) • Cloud • On-premise 5.3. Global Workforce Management Market Size, by Organisation Size (2020-2027) • SMEs • Large Enterprises 5.4. Global Workforce Management Market Size, by End-User (2020-2027) • BFSI • IT and Telecom • Retail • Manufacturing • Healthcare • Transportation and Logistics • Others 5.5. North America Workforce Management Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Workforce Management Market (2020-2027) 6.1. European Workforce Management Market, By Solutions (2020-2027) 6.2. European Workforce Management Market, by Deployment (2020-2027) 6.3. Global Workforce Management Market Size, by Organisation Size (2020-2027) 6.4. Global Workforce Management Market Size, by End-User (2020-2027) 6.5. European Workforce Management Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Workforce Management Market (2020-2027) 7.1. Asia Pacific Workforce Management Market, By Solutions (2020-2027) 7.2. Asia Pacific Workforce Management Market, by Deployment (2020-2027) 7.3. Global Workforce Management Market Size, by Organisation Size (2020-2027) 7.4. Global Workforce Management Market Size, by End-User (2020-2027) 7.5. Asia Pacific Workforce Management Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Workforce Management Market (2020-2027) 8.1. The Middle East and Africa Workforce Management Market, By Solutions (2020-2027) 8.2. The Middle East and Africa Workforce Management Market, by Deployment (2020-2027) 8.3. Global Workforce Management Market Size, by Organisation Size (2020-2027) 8.4. Global Workforce Management Market Size, by End-User (2020-2027) 8.5. The Middle East and Africa Workforce Management Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Workforce Management Market (2020-2027) 9.1. Latin America Workforce Management Market, By Solutions (2020-2027) 9.2. Latin America Workforce Management Market, by Deployment (2020-2027) 9.3. Global Workforce Management Market Size, by Organisation Size (2020-2027) 9.4. Global Workforce Management Market Size, by End-User (2020-2027) 9.5. Latin America Workforce Management Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Oracle 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Kronos 10.3. ADP 10.4. SAP 10.5. Ultimate Software 10.6. WorkForce Software 10.7. IBM 10.8. Workday 10.9. Ceridian 10.10. Verint 10.11. Reflexis Systems 10.12. ATOSS 10.13. NICE 10.14. SumTotal 10.15. Infor 10.16. Meta4 10.17. Ramco Systems 10.18. TimeClock Plus 10.19. Replicon 10.20. Mark Information 10.21. Automatic Data Processing LLC 10.22. Huntington Business Systems 10.23. Anaplan 10.24. Epicor 10.25. Sage

About This Report

Report ID 97844
Category Information Technology & Telecommunication
Published Date May 2021
Updated Date Nov 2021
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