Press release
Workforce Management Market Growing At A CAGR Of 10% Through 2021 to 2031
Overall, workforce management is increasingly being implemented across different industry verticals such as education, government, transportation, and BFSI, among others. The BFSI industry vertical accounts for more than 15% of the global market share, whereas, retail & CPG is anticipated to hold the largest share of more than 22% of the market.
You can request sample here @ https://www.persistencemarketresearch.com/samples/9137
Key Takeaways from Market Study
North America was the leading market in 2020 in terms of value for workforce management. Over the coming years, East Asia is expected to be a key market for sustainable revenue, with rising demand for workforce management solutions from various industry verticals.
The retail and CPG industry is expected to offer higher incremental opportunity during the forecast period, as demand for workforce management is increasing significantly, owing to rise in demand for the automation of processes.
There has been rise in demand for workforce management solutions across retail, BFSI, and IT and telecom, verticals owing to increasing demand for automated processes and cloud-based workforce management solutions.
With growing adoption of workforce management solutions and services, countries in Asia Pacific such as India, China, and Japan are expected to witness potential growth opportunities.
The market in the U.S. is projected to expand at a CAGR of over 9% through 2031.
China and India are expected to progress at an impressive CAGR of more than 10% each, through 2031.
“Growing demand for cloud-based workforce management solutions one of the major factors driving sales of workforce management solutions,” says a Persistence Market Research analyst.
Get Methodology Report here @ https://www.persistencemarketresearch.com/methodology/9137
COVID-19 Pandemic Impact Analysis
The COVID-19 pandemic has disrupted many industries, including the workforce management market. The spread of COVID-19 has affected industries in Europe, Asia, and North America, and partially in the Middle East, Africa, and Latin America. A lot of industry verticals have been affected during the pandemic, and as a result, there has been a considerable effect on workforce management. While coping with the disastrous pandemic, there has been an increase in demand for active workplaces, and many companies are striving to maintain a balance between ease-of-use technologies and high-performance operations.
Workforce mobile applications are rapidly being implemented as they help in reducing the cost of extra systems required for managing the workforce. With features such as scheduling tasks, real-time alerts, and attendance tracking, workforce management software is expected to gain high demand over the coming years. Post COVID-19, the market is expected to experience considerable growth owing to rise in demand for workforce management solutions along with other digital solutions that can offer improved process automation and lower cost.
You can purchase this report here @ https://www.persistencemarketresearch.com/checkout/9137
Find More Valuable Insights
Persistence Market Research puts forward an unbiased analysis of the global workforce management market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031. To understand the opportunities in this space, the market is segmented on the basis of solution (software and services), deployment (cloud and on premise), enterprise size (SMEs and large enterprises), and industry (IT & telecom, government, transportation & logistics, retail & CPG, manufacturing, BFSI, education, and others), across six major regions of the world.
Related Reports
Enterprise Social Networks And Online Communities @ https://www.persistencemarketresearch.com/market-research/enterprise-social-networks-and-online-communities-market.asp
Enterprise Digital Rights Management Edrm Market @ https://www.persistencemarketresearch.com/market-research/enterprise-digital-rights-management-edrm-market.asp
Contact us:
305 Broadway, 7th Floor
New York City, NY 10007 United States
Ph.no. +1-646-568-7751
E-mail id- sales@persistencemarketresearch.com
Website: https://www.persistencemarketresearch.com
Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Workforce Management Market Growing At A CAGR Of 10% Through 2021 to 2031 here
News-ID: 2435449 • Views: …
More Releases from Persistence Market Research
Frozen Foods Market Heats Up with Innovation and Growing Consumer Demand
Market Overview:
The frozen foods market consists of a wide range of products, including frozen fruits and vegetables, meat and seafood, ready-to-eat meals, and desserts. These products are preserved through freezing to maintain freshness and quality for an extended period.
Market Size and Growth:
The global market for frozen foods is forecasted to be of valuation US$ 281.0 Billion in the year 2022 which is expanding at a value CAGR of 5.1% and…
The Global Graphene Market's Striking Growth and Innovative Applications
Introduction
Graphene, a single layer of carbon atoms arranged in a hexagonal lattice, has gained global recognition for its extraordinary properties, such as exceptional electrical and thermal conductivity, mechanical strength, and flexibility. Since its isolation in 2004 by Andre Geim and Konstantin Novoselov, graphene has sparked considerable interest in both scientific and industrial communities. This report explores the current state of the graphene market and its potential growth opportunities.
Get Access To…
Business Opportunities in Cyber Security Mesh Market : Top Countries Data Analys …
Market Overview:
The projected global market size for cyber security mesh is expected to reach $8.8 billion by the year 2033, with an estimated valuation of $1.2 billion by 2023. This market is poised to experience a compound annual growth rate (CAGR) of 21.7% from 2023 to 2033.
The global Cyber Security Mesh market is poised for significant growth as organizations worldwide grapple with the escalating threat landscape. Cybersecurity has become an…
Synthetic Beta-Carotene Market To Boost Incredible Growth: 2033, Share Valuation …
Key market trends included a shift towards natural and plant-based ingredients, as consumers sought cleaner labels and healthier options. This drove the demand for naturally sourced beta-carotene, but synthetic beta-carotene still had its place due to its cost-effectiveness and consistency in production. The market was also influenced by regulatory changes and evolving dietary preferences, which affected the application and formulation of synthetic beta-carotene in various products.
To obtain the latest market…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
