North America Workforce Management Market, By Component (Solutions, Services), Organizations (Small and Medium Enterprises, Large Enterprise), Operating Systems (iOS, Android, Windows, Linux/Unix, Others), Deployment Mode (On-Premises, 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, Others), Country (U.S., Canada, Mexico)-Industry Trends and Forecast to 2028.
The workforce management market is expected to witness market growth at a rate of 4.59% in the forecast period of 2021 to 2028. Data Bridge Market Research report on workforce management market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for workforce optimization is escalating the growth of workforce management market
Workforce management is used to maximise employee productivity by ensuring that all resources are working at the correct time and in the correct location. Forecasting, scheduling, skills management, intraday management, time keeping, and attendance are all common aspects of workforce management. Workforce management software is frequently integrated with third-party HR apps and important HR technologies that serve as central repositories for employment data. This helps HR to effectively manage employees to improve organizational productivity. WFM responds effectively to manpower demand and creates and manages workforce schedules to perform a specific task on a daily and hourly basis.
Major factors that are expected to boost the growth of the workforce management market in the forecast period are the upsurge in the adoption rate of cloud-based workforce management solutions. Furthermore, the new product offerings and the integration of machine learning and artificial intelligence is further anticipated to propel the growth of the workforce management market. Moreover, the rising automation in workplaces, increasing penetration of smartphones and growing trend of Bring-Your-Own-Devices (BYOD) is further estimated to cushion the growth of the workforce management market.
In addition, the rise in the need to make informed decisions among enterprises and growing adoption of workforce management solutions by SMEs will provide potential opportunities for the growth of the workforce management market in the coming years.
On the other hand, high cost of training and privacy and security concerns associated with workforce data deployed on the cloud is further projected to impede the growth of the workforce management market in the timeline period. However, implementation of effective mobile workforce and unorganised data format due to the integration of advanced technologies might further challenge the growth of the workforce management market in the near future.
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.
North America Workforce Management Market Scope and Market Size
The workforce management market is segmented on the basis of component, organizations, operating systems, deployment mode 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. Solutions have been further sub-segmented into time and attendance management, leave and absence management, workforce scheduling, workforce analytics, fatigue management and task management. Service has been further sub-segmented into consulting, implementation training, and support and maintenance.
- On the basis of organizations, the workforce management market is segmented into small and medium enterprises and large enterprise.
- On the basis of operating systems, the workforce management market is segmented into iOS, android, windows, Linux/Unix and others.
- On the basis of deployment mode, 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, defence and government, automotive and others.
North America Workforce Management Market Country Level Analysis
The workforce management market is analysed and market size, volume information is provided by country, component, organizations, operating systems, deployment mode and end user as referenced above.
The countries covered in the workforce management market report are U.S., Canada, and Mexico in North America.
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 ADP, Inc., ClickSoftware India Pvt Ltd., ATOSS Software AG, Huntington Business Systems, Fourth Enterprises LLC., ActiveOps PLC., IBM, Oracle, Infor, Kronos Incorporated, Reflexis Systems, Inc., UKG Inc., The Hackett Group, Inc., Verint, SAP SE, Workday, Inc., TALOS Workforce Solutions GmbH, Synel, WorkForce Software, LLC, MPEX Solutions and Ascentis Corporation, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : North America Workforce Management Market
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