The digitalization of hospital workforce management software is an important step toward improving the efficiency and effectiveness of healthcare operations. This software can help hospital administrators manage healthcare facilities' complex and ever-changing staffing requirements, such as scheduling, payroll, and compliance with labor regulations.
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Data Bridge Market Research shows that the Global Hospital Workforce Management Software Market is expected to reach USD 4,689,356.46 thousand by 2030 from USD 1,803,855.50 thousand in 2023, growing substantially CAGR of 13.4% in the forecast period of 2023 to 2030.
Key Findings of the Study
Growing Awareness about Workforce Management in Healthcare Institutions
Workforce management in healthcare institutions has become increasingly important due to growing awareness about optimizing healthcare operations and ensuring high-quality patient care. Effective workforce management involves ensuring that healthcare institutions have the right number and mix of skilled healthcare professionals, including doctors, nurses, technicians, and administrative staff, to meet the needs of patients while controlling costs and minimizing staff burnout.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in Thousand, Pricing in USD
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Segments Covered
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Offering (Solutions and Services), Deployment Model (Cloud and On-Premise), Organization Size (Large Organization (Multi-Chain) and Small & Medium Organization), Application (Recruitment, Time and Attendance Management, Scheduling, Training & Development, Compliance Management, Inventory Management, HR and Payroll, Salary & Compensation Management, Analytics, and Others), Pricing Category (Subscription and One Time License), Ownership (Public and Private), End-User (General Medical & Surgical Hospitals, Teaching Hospitals, Community Hospitals, Specialty Hospitals, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Denmark, Sweden, Poland, Switzerland and Rest of Europe in Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Vietnam, Taiwan, Philippines and Rest of Asia Pacific in the Asia-Pacific (APAC), South Africa, Egypt, Saudi Arabia, Kuwait, Egypt, U.A.E, Israel and Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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ATOSS Software AG (Germany), Cornerstone (U.S), WorkForce Software, LLC (U.S), Quinyx AB (Sweden), Timeware Inc (U.S), Zebra Technologies Corp (U.S), Workday, Inc. (U.S), GE HealthCare (U.S), Oracle (U.S), IBM Corporation (U.S), SAP SE (Germany), MCKESSON CORPORATION (U.S), Verint Systems Inc. (U.S), Infor (U.S), Paypro Workforce Management (U.S), ISSQUARED Inc. (U.S), AUTOMATIC DATA PROCESSING, INC. (Australia), NICE (Israel), Nextrasoft (England), Sonar Technologies International (Australia), SIRIUS TECHNOLOGY s.r.l. (Italy), UKG Inc. (U.S), Softworks Ltd (Ireland), SYMPLR (U.S), ELINEXT (U.S), Synerion North America Inc. (U.S), and ROUBLER (Australia) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global hospital workforce management software market is segmented into seven notable segments based on offering, deployment model, organization size, application, pricing category, ownership, and end-user.
- On the basis of offering, the global hospital workforce management software market is segmented into solutions and services. In 2023, the solutions segment is expected to dominate the global hospital workforce management software market with a 69.50% share.
In 2023, the cloud segment is expected to dominate the global hospital workforce management software market with a 63.27% share due to Growing demand for healthcare services across the globe.
- On the basis of deployment model, the global hospital workforce management software market is segmented into cloud and on-premise. In 2023, the cloud segment is expected to dominate the global hospital workforce management software market with a 63.27% share.
- On the basis of organization size, the global hospital workforce management software market is segmented into large organizations (multi-chain) and small & medium organizations. In 2023, the large organization (multi-chain) segment is expected to dominate the global hospital workforce management software market with a 58.06% share.
- On the basis of application, the global hospital workforce management software market is segmented into recruitment, time and attendance management, scheduling, training & development, compliance management, inventory management, HR and payroll, salary & compensation management, analytics, and others. In 2023, the recruitment segment is expected to dominate the global hospital workforce management software market with a 27.14% share.
In 2023, the subscription is expected to dominate the global hospital workforce management software market with a 67.70% share.
- On the basis of pricing category, the global hospital workforce management software market is segmented into subscription and one time license. In 2023, the subscription segment is expected to dominate the global hospital workforce management software market with a 67.70% market share.
- On the basis of ownership, the global hospital workforce management software market is segmented into public and private. In 2023, the public segment is expected to dominate the global hospital workforce management software market with a 56.91% market share.
- On the basis of end-user, the global hospital workforce management software market is segmented into general medical & surgical hospitals, teaching hospitals, community hospitals, specialty hospitals, and others. In 2023, the general medical & surgical hospital segment is expected to dominate the global hospital workforce management software market with a 45.75% share.
Major Players
Data Bridge Market Research recognizes the following companies as the major key players in the global hospital workforce management software market ATOSS Software AG, Cornerstone, WorkForce Software, LLC, Quinyx AB, Timeware Inc, Zebra Technologies Corp, Workday, Inc., GE HealthCare, Oracle, IBM Corporation, SAP SE, MCKESSON CORPORATION, Verint Systems Inc., Infor, Paypro Workforce Management, ISSQUARED Inc., AUTOMATIC DATA PROCESSING, INC., NICE, Nextrasoft, Sonar Technologies International, SIRIUS TECHNOLOGY s.r.l., UKG Inc., Softworks Ltd, SYMPLR, ELINEXT, Synerion North America Inc., and ROUBLER among others.
Recent Developments
- In March 2023, ATOSS Software AG was appointed retailer by OBI, the leading DIY player in Europe. The DIY expert will use the ATOSS Retail Solution. The time recording, working time management, self-service, and workforce scheduling operations will all be optimized and standardized by the modular enterprise solution. This helps the company to increase its footprint in the European region.
- In February 2023, WorkForce Software, LLC received the 2023 SAP APJ Partner Excellence Award for Industry Cloud Innovation. The top-performing partners in the Asian Pacific Japan (APJ) region were honored by SAP for their excellent contributions to supporting digital transformation for companies using SAP products. Such recognition helps the company gain customers' attention.
- In February 2023, Workday, Inc. won Best in KLAS ranking for the sixth consecutive year. The top-performing healthcare IT solutions are highlighted in 2023 best in KLAS report following thorough evaluations and discussions with hundreds of healthcare providers. Such recognition helps the company to gain global attention.
- In February 2023, Quinyx AB announced its partnership with SaniSure. With more than 500 workers spread across 9 nations, the international firm can support its continued growth and integrate with its array of internal HR services because of the relationship. Such partnerships help the company to increase its footprint globally.
- In 2023, Cornerstone was a finalist at the Global Business Tech Award for best use of innovation. The awards are organized by Global Business Outlook, a business publication that covers various sectors, including finance, healthcare, technology, and more. Such recognition helps the company to gain global recognition.
Regional Analysis
Geographically, the countries covered in the global hospital workforce management software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Denmark, Sweden, Poland, Switzerland and Rest of Europe in Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Vietnam, Taiwan, Philippines and Rest of Asia Pacific in the Asia-Pacific (APAC), South Africa, Egypt, Saudi Arabia, Kuwait, Egypt, U.A.E, Israel and Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the hospital workforce management software market globally during the forecast period 2023 - 2030
In 2023, the North America region is expected to dominate the market due to consumers' increasing consumption usage of wearables, smartphones by all age groups, online work systems, and major developing countries in the North America region, which is increasing the region's dominance in the global hospital workforce management software market.
Asia-Pacific is estimated to be the fastest-growing region in the global hospital workforce management software market in the forecast period 2023 - 2030
Asia-Pacific is expected to be the fastest-growing region in the global hospital workforce management software market. It is expected to grow with the highest CAGR of 14.1% from 2023 to 2030.
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