Global Workforce Management Market has been driven the Increased Demand of Cloud-Based Platform and Focus Towards Implementing the Workforce Management System by End Users in the forecast period of 2019 to 2026

Global Workforce Management Market is projected to register a substantial CAGR of 9.2% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026

Workforce Management Market

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DriversGlobal Workforce Management Market

  • Increased demand of cloud-based platform
  • Focus towards implementing the workforce management system by end users

Restraint:

  • The rising threats for IT security and cybersecurity

Opportunities:

  • Adoption of artificial intelligence, and IoT solutions
  • Increasing number of SMEs with requirement of advanced HR technology

Challenge:

  • Lack of automation and development in workforce management solutions

Market Trends

Global workforce management market is segmented into five notable segments that are component, organizations, operating system, deployment model and end user.

  • On the basis of component, the market is segmented into solutions and services. In 2019, solutions segment is expected to dominate the market with largest market share because the major focus of the companies is to provide solution for the organizations in order to maintain their employee productivity. Solutions may involve products which helps an organization to maintain their employee management.
  • On the basis of organizations, the market is segmented into small and medium enterprises and large enterprise.
  • On the basis of operating system, the market is segmented into iOS, android, windows, Linux/Unix and others. In 2019, windows segment is expected to dominate the market with largest market share due to adaptation of windows users and availability of cloud based technology by the windows users leading the growth of windows market.
  • On the basis of deployment model, the market is segmented into on-premises and cloud.
  • On the basis of end user, the market is segmented into healthcare, energy and utilities solutions, transportation and logistics, manufacturing, consumer goods and retail, telecom and IT, banking, financial services, and insurance, defense and government, automotive and others.

Major PlayersGlobal Workforce Management Market

Some of the major players operating in this market are ATOSS Software AG, ADP, LLC, ClickSoftware, HotSchedules, Huntington Business Systems, Oracle, Infor, Kronos Incorporated, Reflexis Systems, Inc., ActiveOps Limited, IBM Corporation, Verint, SAP SE, Workday, Inc., Ultimate Software, The Hackett Group, Inc., Synel, WorkForce Software, LLC, TALOS Workforce Solutions, MPEX Solutions and Ascentis Corporation among others.