Global Workforce Management Software Market 2017-2021: Analysis Including Size, Share, Key Drivers, Evolution Opportunities and Trends 2025, Key Players: Oracle, SAP, Ultimate Software

The report titled as workforce management software market gives a brief about the comprehensive research and an outline of its growth in the market globally. It states about the significant market drivers, trends, limitations and opportunities to give a wide-ranging and precise data and also scrutinizes its growth in the overall markets development which is needed and expected. Additionally, it analyzes the facets that distresses the market globally, to further make an appropriate choice on its dissection.

Report consultant market research report predicts that the global workforce management software market will grow at a CAGR of above +8% during the forecast period.

The rising need to streamline HR functions is one of the primary drivers for market growth. The HR division in a company mainly manages functions such as staffing, compensation, training, benefits, and welfare leading to various jobs that need to be manually handled and increases the amount of paperwork affecting the overall productivity for HR executives. The workforce management software raises the productivity and efficiency of the HR personnel by finding the right person for the job in a shorter time and helps in coordinating different roles efficiently and automates all activities. Additionally, the software also assists in tracking employee attendance, employee enrollments, beneficiary changes, policy updates, discontinuation of coverage, and repetitive activities.

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Top key players:
ADP, Ceridian HCM, Kronos, Oracle, SAP, Ultimate Software, Other prominent vendors include Ascentis, ATOSS Software, BambooHR, HR Bakery, iCIMS, Infor, JDA Software Group, NICE, PeopleFluent, Performly, Reflexis Systems, The Sage Group, Workday, and Zoho Corporation.

Consisting of numerous multinational vendors, the global workforce management software market is fragmented. The rising demand for workforce management software among large enterprises and SMEs has intensify the markets competitive environment. With an increase in the demand to form high-value partnerships with large enterprises among the market players, the coming years will also witness the vendors engaging in price wars.

One of the latest trends that will gain traction in the global workforce management software market is the surging use of social media. The widespread popularity of social media in the human resource management industry allows companies to receive information from various sources and make an assessment of the employees and potential candidates.

The features of the software including easy referrals, increased chances of finding the suitable candidates, optimum employee engagement, and mutually-beneficial two-way communication are some of the key factors driving the social media-based workforce management process. Due to such benefits of social media integration with workforce management software, the vendors will start offering a consolidated solution.

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Segmentation by deployment model and analysis of the workforce management software market
• Cloud-based
• On-premises

During 2016, the cloud-based software segment accounted for the major shares and dominated the global workforce management software market. Features of the cloud-based software that enable the gathering, storing, and the ease of accessing data will be the major factor driving the growth of this market segment in this global market.

Geographical segmentation and analysis of the workforce management software market
• Americas
• APAC
• EMEA

In terms of geography, the Americas dominated the workforce management software market during 2016 and is foreseen to continue the domination during the forecast period. The improved penetration of social media and the rising demand for cost-effective HR solutions will be the major factors driving the markets growth in this region. Moreover, the growth in the employment rates in the region especially in countries such as the US, will also propel the growth of this market in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global workforce management software market?
• What are the key market trends impacting the growth of the global workforce management software market?
• What are the challenges to market growth?
• Who are the key vendors in the global workforce management software market?
• What are the market opportunities and threats faced by the vendors in the global workforce management software market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global workforce management software market?

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Table of Content:
1. Global workforce management software market overview
2. Economic impact on the market
3. Competition by manufacturers
4. Production revenue by region
5. Supply, consumption, export, import by region
6. Production, revenue, price trade by type
7. Global workforce management software market manufacturers analysis
8. Manufacturing cost analysis
9. Industrial chain, sourcing strategy and downstream buyer
10. Marketing strategy analysis
11. Market effect factor analysis
12. Market forecast

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