ADP, LLC, Kronos Incorporated and Workday, Inc. are Dominating the Global Workforce Management Market in 2018

Global Workforce Management Market is expected to grow with a substantial CAGR of 9.2% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

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The workforce management market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market will have a prominent growth in upcoming years due to increased demand of cloud-based platform and focus towards implementing the workforce management system by end users.

The major players dealing in global workforce management market are introducing wide range of product in the market. The product with new advancement acts as the strength for the market as the companies are generating adequate revenues form new technologies. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in August 2018, Kronos Incorporated launched workforce dimensions cloud solution for workforce management at their annual flagship event KronosLIVE 2018 in Mumbai. This solution incorporates fully responsive user interface (UI), which provides engaging user experience on all devices. This product launch helps the company to increase their customer base in India by offering wide ranges of products.

ADP, LLC is the dominating player in global workforce management. The other key players in the market include Kronos Incorporated, Workday, Inc., ATOSS Software AG, ClickSoftware, HotSchedules, Huntington Business Systems, Oracle, Infor, Kronos Incorporated, Reflexis Systems, Inc., ActiveOps Limited, IBM Corporation, Verint, SAP SE, Ultimate Software, The Hackett Group, Inc., Synel, WorkForce Software, LLC., TALOS Workforce Solutions, MPEX Solutions and Ascentis.

ADP, LLC

ADP, LLC headquartered in New Jersey, U.S was founded in 1949. The company provides solutions for payroll, HR, tax, benefits administration and time management. The company performs its business from three segments which are employer services, professional employer organization (PEO) services, other. The professional employer organization (PEO) service is market focused business segment. The product categories of the company include payroll, time & attendance, talent, benefits, hr services, hr outsourcing, integrations app marketplace in which time & attendance is market focused category. The company has approx. 75,000 employees.

  • In May 2019, ADP has launched myWisely and Wisely app, which enhances the instant pay availability with key employer protection. Additionally, these applications empower employees in financial wellness with new tools. This launch helps the company to increase their product portfolio

The company has wide global presence across the globe such as Americas, Europe, Asia-Pacific, Middle East & Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as ADP Ltda (Brazil), ADP Employer Services GmbH (Germany), Automatic Data Processing Limited (U.K.), Automatic Data Processing Limited (Australia), ADP Europe, S.A.S (France).

Kronos Incorporated

Kronos Incorporated headquartered in Massachusetts, U.S. was founded in 1977. The company providing suite tools and services for workforce management. The products offered by the company are Workforce Management, Human Capital Management, Small and Medium-Sized Businesses, Labor Laws and Issues.

  • In November 2018, Kronos Incorporated introduced workforce dimensions suite called as AIMEE, which is an advanced AI engine designed for employees and managers. This product analyses large quantity of organisational data and provides useful insights to help managers and employees to work smarter. This benefited the company to deliver modern workforce and satisfy their customers.

The company has wide global presence across the globe such as North America, Europe, Middle East and Africa, Asia-Pacific, Latin America.

Workday, Inc.

Workday, Inc. headquartered in California, U.S. was founded in 2005. The company is focused to provide enterprise software's for businesses which integrates planning, finance and HR in one system. The product and services provided by the companies are business planning, financial management, human capital management, prism analytics, professional services automation, student in which human capital management is market focused category. The comp any has approx. 10,500 employees as of January 31st, 2018.

  • In September 2019, Workday, has been selected by the Sumitomo Chemical for their cloud-based Human Capital Management (HCM) application to improvise their operations. The application will help the Sumitomo Chemical to manage and utilise their HR operations in the Asian market. The company will be benefited by the recognition in Asia market through the installations as well as it will help them to acquire more customer base in the Asian market.

The company has wide global presence across the globe such as Asia-Pacific, Europe, Africa, the U.S., Canada. The company has subsidiaries such as Adaptive Insights LLC (Delaware), Adaptive Insights, Ltd. (Canada), Adaptive Insights Pty Ltd (Australia), Workday ULC (Canada), Rallyteam, Inc. (Delaware) and others.