Press release
Workforce Management (WFM) Market 2018 Global Key Players IBM, Oracle, SAP, KRONOS, Workforce Software, ADP, WORKDAY, ClickSoftware
Market Scenario:The Global Workforce Management market has been segmented on the basis of component, deployment, end-users and region. By component, the market has been bifurcated into solutions and services. On the basis of deployment, the market can be segmented as on-premises and cloud based. On the basis of end-users the market can be segmented into BFSI, healthcare, retail & e-commerce among others. By organization size, the market includes SMEs and enterprises. Further, the market has been segmented into four regions which include- North America, Europe, Asia-Pacific and RoW.
According to Market Research Future, the global Workforce Management Market is expected to reach USD 9 billion by the end of 2022 with ~11% CAGR during forecast period 2016-2022
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Industry News
Jan 2018- Payroll provider ADP is going to acquire WorkMarket, a startup that specializes in workforce management software that operates across a wide range of employees and contractors, for an undisclosed sum.
Jan 2018 - The workforce management solutions provider, SwipeClock LLC has announced the acquisition of Shugo, a SaaS-based workforce products and services developer for small and medium-sized firms. The move will help SwipeClock expand its workforce management portfolio and offer channel partners and clients additional solutions for smarter, cost-optimized delivery.
Major Key Players
IBM Corporation (U.S.),
Oracle Corporation (U.S.),
SAP AG (Europe),
KRONOS (U.S.),
Workforce Software (U.S.),
ADP LLC (U.S.),
WORKDAY (U.S.),
Infor Global Solution (India), ClickSoftware (U.S.) and others.
Competitive Analysis
The Market of Workforce Management appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms. The large players of workforce management solution providers are acquiring start-ups to eliminate the competition and focus towards innovation. Companies like Teleopati, Nice Systems are focusing towards adding more features to provide better workforce management solutions to the clients. The companies are moving towards enhancing the marketing for back office workforce management solutions, creating awareness about the advantages of back office workforce management solutions.
Regional Analysis
North America is dominating the Global Workforce Management Market with the largest market share due to high adoption of cloud services is observed in North America, high potential, technological progress. Workforce Management Market in Asia Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 owing growing ecommerce market, growing number of small-medium enterprises. The European market for Workforce Management Market is expected to grow at a considerable CAGR (2016-2022) due to the focus towards reducing costs and increasing efficiency.
Intended Audience:
• Workforce Management Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• Stakeholders
• End-user sectors
• Technology Investors
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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