Image

Global Hospital Workforce Management Software Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Hospital Workforce Management Software Market, By Software (Integrated Software, Standalone Software), Mode of Delivery (Web-based, Cloud-based, On-premise), End-User (Hospitals, Nursing Homes, Assisted Living Centers, Long-Term Care Facilities, Other Healthcare Institutions), – Industry Trends and Forecast to 2029.

Hospital Workforce Management Software Market

Global Hospital Workforce Management Software Market Analysis and Size

Healthcare providers all over the world have been increasingly adopting workforce management solutions in recent years. Some of the major factors driving the growth of this market include the growing need to reduce labor costs in hospitals and other health systems, increased operational efficiency, and healthcare consolidation. Owing to these factors, the market is projected to show substantial growth over the forecasted period.

  • Global Hospital workforce management software Market was valued at USD 1589.30 million in 2021 and is expected to reach USD 4376.96 million by 2029, registering a CAGR of 13.50% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Hospital Workforce Management Software Market Definition

In healthcare organizations and institutions, hospital workforce management software is used to manage and maintain the workforce. These include software for workforce management, cost management, and employee management, among others.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Software (Integrated Software, Standalone Software), Mode of Delivery (Web-based, Cloud-based, On-premise), End-User (Hospitals, Nursing Homes, Assisted Living Centers, Long-Term Care Facilities, Other Healthcare Institutions)

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa

Market Players Covered

IBM (U.S.), Infor, (U.S.), Oracle (U.S.), Kronos, Incorporated, (U.S.), ATOSS Software AG, (Germany), Ultimate Software, (U.S), GENERAL ELECTRIC, (U.S),  WorkForce Software, LLC, (U.S), Workday, Inc, (U.S), Verint Systems Inc., (U.S), Red Book Solutions, dormakaba Group, (Switzerland),  Reflexis Systems, Inc. (U.S), NICE (Israel), SAP (Germany), McKesson Corporation (U.S.), and ADP, Inc. (U.S.)

Hospital Workforce Management Software Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Growing Usage Across Healthcare

The most significant factor driving the growth of this market is the growing demand for hospital professional workforce and various benefits of workforce management systems such as transparency and flexible scheduling for the workforce in healthcare.

Furthermore, the developing pool of geriatric populace and changes in the human services installment and conveyance models are also expected to fuel market growth. Moreover, the expanding consumption on social insurance administrations also cushions the market’s growth within the forecasted period. Owing to the benefits of this software such as it enables mobility, flexibility and security and also allows the administrator of the organization access with any device and at any point of time, will further expand the hospital workforce management software market's growth rate in the future.

Restraints/Challenges Global Hospital Workforce Management Software Market

  • High Costs

On the other hand, the high costs associated with the software due to the high costs of software upgradation and maintenance is expected to obstruct market growth.

The concerns regarding the data security coupled with the implementation and integration concerns are projected to challenge the hospital workforce management software market in the forecast period of 2022-2029.

Opportunities

  • Adoption of Technologies to Offer Opportunities

The increasing adoption of internet of things (IoT) and cloud-based solutions will offer growth opportunities for the market. Additionally, the growing adoption of analytical solutions and WFM by SMEs are estimated to generate numerous lucrative opportunities for the market.

This hospital workforce management software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hospital workforce management software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post Covid-19 Impact on Hospital Workforce Management Software Market

Healthcare industry was largely impacted by the outbreak of COVID-19. The hospital workforce management software market was however positively affected by it.  There were stringent lockdown and social distancing restrictions imposed by the government to curb the COVID-19 pandemic. This further led to more people to work remotely, remote workforce management software has become critical for businesses, as it can assist in effectively managing remote workers. The importance of WFM solutions across multiple sectors has been highlighted at COVID-19, particularly in the context of healthcare workers. Various applications such as scheduling tasks and forecasting patient census, scheduling and managing full-time versus part-time nurses, and setting up nursing shifts have been emphasized while offering WFM solutions to the healthcare sector, in need of some best practises to keep nursing staff engaged.

Recent Developments

  • On April 2021, Authority Software announced the launch of Authority Workforce Management. Quality recording management, customer relationship management and rapid application development are some of its applications.
  • On January 202, Trax teamed up with Blue Yonder to launch a dynamic workforce management software for retailers and fulfilment centres that allows them to track real-time demand visibility and deploy a flexible, skilled workforce to quickly and efficiently resolve store issues.

Global Hospital Workforce Management Software Market Scope

The hospital workforce management software market is segmented on the basis of software, mode of delivery and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Software

  • Integrated Software
  • Standalone Software

On the basis of software, the hospital workforce management software market is segmented into integrated software and standalone software. The standalone software is sub-segmented into time and attendance, HR and payroll, scheduling, talent management, analytics and others.

Mode of Delivery

  • Web-based
  • Cloud-based
  • On-premise

On the basis of mode of delivery, the hospital workforce management software market is segmented into web-based, cloud-based and on premise.

End-User

  • Hospitals
  • Nursing Homes
  • Assisted Living Centers
  • Long-Term Care Facilities
  • Other Healthcare Institutions

On the basis of end-user, the hospital workforce management software market is bifurcated into hospitals, nursing homes, assisted living centers, long-term care facilities and other healthcare institutions.

Hospital Workforce Management Software Market Regional Analysis/Insights

The hospital workforce management software market is analyzed and market size insights and trends are provided by country, software, mode of delivery and end-user as referenced above.

The countries covered in the hospital workforce management software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, 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.

Asia-Pacific dominates the hospital workforce management software market because of the increasing awareness regarding the software, rising rapid growth in the healthcare industry and increasing number of public and private hospitals within the region. North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising need to manage regulatory compliance through effective utilization of workforce management systems within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The hospital workforce management software market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for hospital workforce management software market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hospital workforce management software market. The data is available for historic period 2010-2020.

Competitive Landscape and Hospital Workforce Management Software Market Share Analysis

The hospital workforce management software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hospital workforce management software market.

Some of the major players operating in the hospital workforce management software market are IBM (U.S.), Infor, (U.S.), Oracle (U.S.), Kronos, Incorporated, (U.S.), ATOSS Software AG, (Germany), Ultimate Software, (U.S), GENERAL ELECTRIC, (U.S),  WorkForce Software, LLC, (U.S), Workday, Inc, (U.S), Verint Systems Inc., (U.S), Red Book Solutions, dormakaba Group, (Switzerland),  Reflexis Systems, Inc. (U.S), NICE (Israel), SAP (Germany), McKesson Corporation (U.S.), and ADP, Inc. (U.S.), among others.

Research Methodology : Global Hospital Workforce Management Software Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-hospital-workforce-management-software-market

Customization Available : Global Hospital Workforce Management Software Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

CHOOSE LICENCE TYPE
  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00
Why Choose Us
Unlocking New Opportunities on this Report Post Covid-19

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions



Frequently Asked Questions

The Hospital Workforce Management Software Market is Expected to Show a Value of USD 4376.96 million by 2029.
The Hospital Workforce Management Software Market is Estimated to Register a CAGR of 13.50% During the Forecast Period of 2022 to 2029.
The Major Companies Operating in the market are IBM (U.S.), Infor, (U.S.), Oracle (U.S.), Kronos, Incorporated, (U.S.), ATOSS Software AG, (Germany), Ultimate Software, (U.S), GENERAL ELECTRIC, (U.S), NICE (Israel), SAP (Germany), McKesson Corporation (U.S.), and ADP, Inc. (U.S.).
The countries covered in the Hospital Workforce Management Software Market Report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, 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.
The Hospital Workforce Management Software Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.