Workforce Management Market Trends, Top Companies, Opportunities and Forecast By 2032
The latest report published by Fortune Business Insights highlights the growth prospects of the Workforce Management Market Size 2024 In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such as the market dynamics, drivers, restraints, challenges, threats, potential growth opportunities, market trends, development patterns, financial information, latest technologies, innovations, leading competitors, and regional analysis of the market.
The global Workforce Management Market size is expected to grow from USD 2.44 billion in 2018 to USD 5.25 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.
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Top Companies Covered In This Report:
- Kronos, Inc.
- Oracle Corporation
- SAP SE
- Automatic Data Processing, Inc.
- Workday, Inc.
- WorkForce Software, LLC.
- Ultimate Software
- Cornerstone OnDemand, Inc.
- IBM Corporation
- Verint
- Infor
- NetSuite, Inc.
Driving Factor:
Lack of Knowledge about WFM Software Tools to Hamper Growth
Managing and maintaining the productivity levels of human resources is an expensive undertaking for companies of all sizes. The Human Capital Management Institute estimates that 70% of an organization’s operating costs are eaten up by employee management tasks. In such a dire scenario, where reducing operational costs is the prime focus in the private sector, the demand for effective workforce management systems is rising as they offer numerous advantages for organizations. For instance, WFM software can empower managers to make more informed decisions due to better access to data. It would also enable managers to select the right person for the right job, ensuring efficiency in task performance. Unfortunately, awareness of these benefits is abysmally low, stemming from the adoption of these technologies, particularly among the small and medium enterprises (SMEs). This can put crippling limitations on the workforce management market growth during the forecast period.
Report Highlights:
- A comprehensive overview of the Workforce Management Market
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Workforce Management Market
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
Workforce Management Market Segments:
By Component
- Software
- Services
By Deployment
- On-Premise
- Cloud
By Enterprise Size
- SMEs
- Large Enterprises
By Application
- Workforce Analytics
- Workforce Scheduling
- Time and Attendance Management
- Others (Task Management and Fatigue Management)
By End-Use Industry
- IT and Telecommunication
- BFSI
- Government
- Retail
- Healthcare
- Education
- Manufacturing
- Others
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Regional Analysis for Workforce Management Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
Research Methodology:
The analysis of research methodology involves the evaluation of the techniques employed in a research study to collect and analyse data. This report integrates both primary and secondary data analysis, enabling companies to gain a comprehensive understanding of the research topic. By triangulating data from multiple sources, this approach helps validate findings and generate new insights. The analysis encompasses the assessment of research design, data collection techniques, sampling methods, and data analysis tools utilized in the study. By examining these elements, the analysis aims to determine the reliability, validity, and generalizability of the research findings. Factors such as the alignment of study design with research objectives, appropriateness of data collection methods, representativeness of sampling techniques, suitability of analytical methods, and adherence to ethical considerations are carefully evaluated.
FAQ’s
Q.1. What are the primary drivers of the Workforce Management Market?
Q.2. What are the main factors propelling and impeding the growth of the Workforce Management Market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Workforce Management Market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
Q.6. Which companies dominate the market, and what percentage of the market do they control?
Q.7. What trends are influencing the Workforce Management Market now and in the future?
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Table of Contents
1. Executive Summary
1.1 Overview
1.2 Key Findings
2. Introduction
2.1 Background
2.2 Scope and Objectives
2.3 Methodology
3. Workforce Management Market Growth Overview
3.1 Definition and Classification
3.2 Workforce Management Market Share Drivers
3.3 Market Restraints
3.4 Market Opportunities
3.5 Industry Challenges
4. Global Trends and Forecast
4.1 Overview
4.2 Workforce Management Market Share Trends
4.3 Industry Share and Future Outlook
4.4 Growth Prospects
5. Workforce Management Market Size Regional Analysis
5.1 North America
5.2 Europe
5.3 Asia-Pacific
5.4 Latin America
5.5 Middle East and Africa
6. Workforce Management Market Analysis
6.1 Workforce Management Market Key Players
6.2 Market Concentration
6.3 Competitive Landscape
6.4 SWOT Analysis
7. Market Segmentation
8. Conclusion
9. Recommendations
10. Appendix
TOC Continued…
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