MARKET OVERVIEW

Workforce management applications are used to create best-fit schedules for employees, help companies to track time and attendance as well as administer absence and leave of their employees. Manufacturing industry has garnered high adoption of workforce management solutions as it helps them measure an employee’s productivity and helps them to manage and retain a high-performing workforce. This in turn has positively impacted the workforce management market growth during the forecast period.

MARKET SCOPE

The "Global Workforce Management Software Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the workforce management software market with detailed market segmentation by deployment type, solutions, industry verticals, and geography. The report provides key statistics on the market status of the leading workforce management software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

•   Based on deployment type, the global workforce management software market is segmented into cloud, on-premises
  
•   On the basis of solutions, the market is segmented into workforce scheduling, time and attendance management, workforce analytics, absence management and performance management, others
  
•   Based on industry vertical, the market is bifurcated into government and defense, BFSI, healthcare, transportation and logistics, telecom and IT, retail, manufacturing, others
  

MARKET DYNAMICS
Drivers:

•   Growing demand for workforce optimization and mobile applications.
  
•   Increasing adoption of cloud-based workforce management solutions.
  

Restraints

•   Privacy and security concerns related to workforce data deployed on the cloud
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The workforce management software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the workforce management software market in these regions.

IMPACT OF COVID-19 ON WORKFORCE MANAGEMENT SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Workforce Management Software Market Report Analysis

Workforce Management Software Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ADP, Inc.
• Blue Yonder Group, Inc.
• Huntington Business Systems
• Kronos Incorporated
• Nice Systems Ltd
• Oracle Corporation
• Reflexis Systems, Inc.
• SAP AG
• UKG Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Deployment Type

• Cloud
• On-premises

By Solutions

• Workforce Scheduling
• Time and Attendance Management
• Workforce Analytics
• Absence Management and Performance Management
• Others

By Industry Verticals

• Government and Defense
• BFSI
• Healthcare
• Transportation and Logistics
• Telecom and IT
• Retail
• Manufacturing
• Others

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MARKET PLAYERS

The report covers key developments in the workforce management software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from workforce management software market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the workforce management software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ADP, Inc.
  
•   Blue Yonder Group, Inc.
  
•   Huntington Business Systems
  
•   Kronos Incorporated
  
•   Nice Systems Ltd
  
•   Oracle Corporation
  
•   Reflexis Systems, Inc.
  
•   SAP AG
  
•   UKG Inc.
  
•   WorkForce Software, LLC.
  
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Workforce Management Software Market Report Scope

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• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.