Global Workforce Management Market, By Component (Solutions and Services), Organizations (Small and Medium Enterprises and Large Enterprise), Operating Systems (IOS, Android, Windows, Linux/Unix and Others), Deployment Model (On-Premises and Cloud), End User (Healthcare, Energy and Utilities Solutions, Transportation and Logistics, Manufacturing, Consumer Goods and Retail, Telecom and IT, Banking, Financial Services, and Insurance, Defence and Government, Automotive and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Workforce Management Market
Increasing demand and adoption of cloud-based platforms by small and medium scale enterprises and increased focus towards implementing the workforce management system by end users are the major factors attributable to the growth of workforce management market. Data Bridge Market Research analyses that the workforce management market will exhibit a CAGR of 14.51% for the forecast period of 2021-2028. This signifies that the workforce management market value will rise up to USD 24,689.4 million by the year 2028.
Workforce management is a concept that deals in maximizing the competency and performance level for an organization. Workforce management is responsible for overseeing the productivity of the employees and ensure that all the resources are efficiently and effectively utilized at the right time and in the right place. Workforce management also helps in forecasting, scheduling, intraday management, time keeping and attendance.
The increased adoption of advanced technologies such as artificial intelligence is a key workforce management market growth driving factor. Rising demand for internet of things by small and medium scale enterprises coupled with rising emergence of remote workforce solutions will further aggravate the demand for workforce management. Rising penetration of smartphones across the globe and increased focus of the organizations on human resource analytics will create more lucrative growth opportunities for the workforce management market.
However, lack of awareness about workforce management in developing and underdeveloped economies will act as a growth restraint for the market. Lack of advanced infrastructure in the underdeveloped economies will further dampen the growth rate of the market. The habit of sticking to traditional approaches by small and medium sized enterprises will further challenge the market growth.
This workforce management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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, geographical expansions, technological innovations in the market. To gain more info on workforce management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Workforce Management Market Scope and Market Size
The workforce management market is segmented on the basis of component, organizations, operating system, deployment model and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the workforce management market is segmented into solutions and services.
- On the basis of organizations, the workforce management market is segmented into small and medium enterprises and large enterprise.
- On the basis of operating system, the workforce management market is segmented into IOS, android, windows, Linux/Unix and others.
- On the basis of deployment model, the workforce management market is segmented into on-premises and cloud.
- On the basis of end user, the workforce management 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.
Global Workforce Management Market Country Level Analysis
The workforce management market is analysed and market size, volume information is provided by country, component, organizations, operating system, deployment model and end user as referenced above.
The countries covered in the workforce management 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, Israel, Egypt, South Africa, 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.
North America dominates the workforce management market and its market share will continue to expand during the forecast period owing to the rising adoption of advanced technologies by the enterprises coupled with increasing adoption of workforce management solutions and services. Asia-Pacific on the other hand will project the highest growth rate during the forecast period. This is because of rapid technological advancements in the field of information technology, increasing strategic partnerships and investments by players.
The country section of the workforce management market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Competitive Landscape and Workforce Management Market Share Analysis
The workforce management 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 workforce management market.
The major players covered in the workforce management market report are Broadcom., Oracle, ActiveOps PLC., NICE Ltd., Kronos Incorporated., Infor., IBM, SAP, ATOSS Software AG, ADP, Inc., Salesforce.com, Inc., Fourth Enterprises LLC., Huntington Business Systems, Reflexis Systems, Inc., Workday, Inc., Verint., UKG Inc., The Hackett Group, Inc., Synel and TALOS Workforce Solutions GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.