openPR Logo
Press release

Workforce Management Market is estimated to reach USD 11,105 million by 2027, growing at 9.1% CAGR during 2020-2027 | Size, Industry Share & Forecast

09-28-2022 12:47 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Workforce Management Market

Workforce Management Market

Workforce Management Market

The Workforce Management Market is expected to reach USD 11,105 million by the end of 2027, growing at a CAGR of 9.1% over the forecast period (2020-2027).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/workforce-management-market-size-analysis-industry-research/

The factors driving the growth of Workforce Management Market includes rise in the number of connected devices, emerging trend of Bring Your Own Device (BYOD) around the world, declining productivity of workforce and improvements in IT infrastructure of the organizations. As per the data available at Statista, the number of Internet of Things (IoT) connected devices worldwide 9.7 billion in 2020 and is expected to reach 27.3 billion by the end of 2029, which will accelerate the demand for workforce management solutions in the approaching years. Moreover, increasing adoption of advanced technologies by enterprises such as Artificial Intelligence (AI), Machine Learning (ML) and Cloud Computing and rising use of workforce management software to ease processes such as time and attendance and workforce scheduling, are some of the additional factors propelling the Workforce Management Market size.  In addition, the increasing investments by leading players on research and development, rising disposable incomes, rapid urbanization, and growing population growth rates, are further propelling the Workforce Management Market share.

However, growth of the Workforce Management Market is hindered due to insufficient knowledge about workforce management software.

The leading players operating in the market are International Business Machines Corporation, ADP, Inc., UKG Inc., ActiveOps Limited, Oracle Corporation, Nice Ltd., Workday, Inc., SAP SE, Kronos Incorporated, and Zebra Technologies Corporation, among others.

Based on Component, the HR Management (Software) segment is predicted to grow at a robust CAGR over the forecast period

Workforce Management software eases the daily tasks of Human Resource Manager such as recruitment, talent management and employee's training, are some of the factors responsible for the segment's growth.

Based on Deployment Mode, the Cloud segment is projected to expand at a significant CAGR during the forecast period

As per the Workforce Management Market Forecast, growing emphasis on enhancing employee's efficiency and improving customer relationship, are propelling the growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to capture a sizeable market share over the forecast period

Growing adoption of advanced technologies by major corporations, rapid economic growth across India, Indonesia, and China, rising tech savvy population, emerging trend of remote working, improvements in the standard of living and increasing per capita income, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Development

In 2020, Reflexis Systems, partnered with Reflexis systems for deploying intelligent workforce management solutions including Workforce Scheduler, Time & Attendance, Employee Self-Service (ESS), Advanced Analytics & Reporting and Mobility solutions.

Market Segmentation

Segmentation by Compo snent

Workforce Scheduling and Analysis (Software)
Time and Attendance Management (Software)
Performance Management (Software)
HR Management (Software)
Service

Segmentation by Deployment Mode

On-Premise
Cloud

Segmentation by End-Use Vertical

BFSI
Consumer Goods and Retail
Automotive
Energy and Utilities
Healthcare
Manufacturing
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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 is estimated to reach USD 11,105 million by 2027, growing at 9.1% CAGR during 2020-2027 | Size, Industry Share & Forecast here

News-ID: 2751884 • Views:

More Releases from Gmi Research

OLED Market is projected to rise at a higher CAGR during the forecast period | S …
The OLED Market is anticipated to expand at a remarkable CAGR during the forecast period For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-oled-market/ The factors driving growth of the OLED Market includes increasing penetration of smartphones and gaming consoles around the world, Government policies supporting OLED lighting research, growing popularity of smart Televisions and improvements in the living standards. For instance, the revenue generated from the sales of video game consoles
3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period | …
The 3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period. For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-3d-printed-drugs-market-by-technique-type/ The factors driving growth of the 3D Printed Drugs Market includes increasing geriatric population around the world, growing demand for soluble drugs, rising prevalence of stroke, Alzheimer's disease and head and neck tumors and improvements in the living standards. For instance, the population aged 60 and
Virtual Private Cloud Market is expected to grow at a higher CAGR of 23.4% over …
The Virtual Private Cloud Market is projected to grow at a CAGR of 23.4% over the forecast period. For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-virtual-private-cloud-market/ The factors driving growth of the Virtual Private Cloud Market includes huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, rising focus by companies on modernizing IT infrastructure, Government initiatives promoting digitalization, increasing number of data breaches reported around the
Pest Control Services Market is poised to grow at a robust CAGR during the forec …
The Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/pest-control-services-market/  The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was

All 5 Releases


More Releases for Management

Water Network Management, Water Network Management trends, Water Network Managem …
MarketStudyReport.com adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will
Cloud Project Portfolio Management Market Report 2018: Segmentation by Applicati …
Global Cloud Project Portfolio Management market research report provides company profile for CA Technologies (New York, U.S.), HPE (California, U.S.), Changepoint Corporation (Richmond Hill, Ontario), Clarizen, Inc. (California, U.S.), Microsoft Corporation (Washington, U.S.) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and
Prescriptive analytics Market Outlook 2025 focus On: Risk Management, Operation …
A detailed market study on "Global Prescriptive analytics Market" examines the performance of the Prescriptive analytics Market. It encloses an in-depth Research of the Prescriptive analytics Market state and the competitive landscape globally. This report analyzes the potential of Prescriptive analytics Market in the present and the future prospects from various prospective in detail. Get Free Sample Report@ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-prescriptive-analytics-market Prescriptive analytics market accounted for USD 1.20 billion growing at a CAGR of
Facility Management Market Solutions & Services (Real Estate & Lease Management, …
ReportsWeb.com added “Global Facility Management Market to 2025” to its vast collection of research Database. The report classifies the global Facility Management Market in a precise manner to offer detailed insights into the aspects responsible for augmenting as well as restraining market growth. Facility Management is an essential part which handles all functions related to enterprise and helps in streaming all the operations with reducing cost. Managing life cycle management of
Worldwide Current Trend and Future Growth Telecom Expense Management Market by S …
“Telecom Expense Management (TEM) report is a pin point market guide. This report includes Past, Present and QY Reaserch Market Trends Reviews based on both output/volume and revenue and giving the reader an atomistic view of the industry.” The report for Global Telecom Expense Management (TEM) Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry
Telecom Expense Management Market Analysis For Financial Management, Order Manag …
The telecom expense management (TEM) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in telecom expense management market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said