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Workforce Management Market to Witness Huge Growth by Key Players: Oracle, Kronos, ADP, SAP, Ultimate Software, WorkForce Software, IBM, Workday, Ceridian, Verint, Reflexis Systems, ATOSS and Others.

05-11-2020 07:15 AM CET | IT, New Media & Software

Press release from: ReportsandReports

Workforce Management Market to Witness Huge Growth by Key

According to Market Study Report, Workforce Management Market provides a comprehensive analysis of the Workforce Management Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry.This report also provides market landscape and market share information in the Workforce Management Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Workforce Management Market size is expected to grow from an estimated value of USD 6.0 Billion in 2020 to USD 9.3 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. This report spread across 169 pages, profiling 20 companies and supported with 100 tables and 35 figures are now available in this research.

Top Key Players Profiled in the Workforce Management Market:
o Oracle (US)
o Kronos (US)
o ADP (US)
o SAP (Germany)
o Ultimate Software (US)
o WorkForce Software (US)
o IBM (US)
o Workday (US)
o Ceridian (US)
o Verint (US)
o Reflexis Systems (US)
o ATOSS (Germany)
o NICE (US)
o SumTotal (US)
o Infor (US)
o Meta4 (Spain)
o Ramco Systems (India)
o TimeClock Plus (US)
o Replicon (US)
o Mark Information (Denmark)

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"Services segment to grow at a higher CAGR during the forecast period"
Workforce management has a diversified portfolio of solutions, and therefore, services become necessary to maintain these solutions. The services covered in this section include consulting, implementation, and training, support and maintenance. These services help organizations to deploy workforce management solutions on their premises or on cloud easily. Vendors provide a complete range of services that help companies conduct different activities necessary for the business functions and provide a single point of contact for all the help and assistance required.

"Large enterprises segment to account for a higher market share during the forecast period"
Organizations with more than 1,000 employees are categorized as large enterprises. Large enterprises control a number of different systems at high levels of complexity. The market size of workforce management solutions in large enterprises is relatively high compared to Small and Medium-sized Enterprises (SMEs). This is due to affordability and high economies of scale that allow organizations to leverage the benefits of this technology. The workforce management market is undergoing significant technological transitions through collaboration with social media platforms, deployment of real-time solutions, and the usage of mobile devices.

"Asia Pacific to grow at the highest rate during the forecast period"
The workforce management market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. In the APAC region, there is a tremendous demand for workforce management solutions and services. China, India, Japan, Australia and New Zealand (ANZ), and Singapore have emerged as undisputed leaders in the workforce management industry.

Breakdown of primary participants' profile:
o By company type: Tier 1: 42%, Tier 2: 38%, and Tier 3: 20%
o By designation: C-level: 32%, Directors: 36%, and Others: 32%
o By region: North America: 35%, Europe: 27%, APAC: 23%, and RoW: 15%

Competitive Landscape of Workforce Management Market:
1 Introduction
1.1 New Product Launches/Product Enhancements
1.2 Partnerships And Collaborations
1.3 Mergers And Acquisitions
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging Companies

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Reason to access this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall workforce management market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.

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