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2020 Workforce Management Software Market Forecast Analysis by Trends, Major Companies Analysis, Growth Rate by Regions, Company Overview till 2024


The “Workforce Management Software Market” report provides a complete overview of the market trade scenario, size, segmentation, competition scenario, and others. It provides the perfect industry detailed description of the different products and service segments associated with the key players. Workforce Management Software market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Workforce Management Software market report also includes new upcoming technology of Workforce Management Software Industry that will help to our clients.

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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.

    Workforce Management Software Market Covers Key Players:

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

    Some Major Points Covered in Workforce Management Software Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    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.

    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 India 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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    Detailed TOC of Workforce Management Software Market Report 2020-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    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

    5.1 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 United States Canada
    5.4.2 Europe Germany United Kingdom France Spain Rest of Europe
    5.4.3 Asia-Pacific China Japan India South Korea Rest of Asia-Pacific
    5.4.4 Rest of the world Latin America Middle East & Africa

    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




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