At CAGR of 10.2%, Workforce Management Market Size to Hit USD 9,391 Million by 2027

The global workforce management market was valued at $4.35 billion in 2019 and is projected to reach $9.39 billion by 2027, growing at a CAGR of 10.2% from 2020 to 2027, according to a report by Allied Market Research. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and fluctuating market trends.

Rise in demand for workforce optimization & mobile applications and increase in adoption of cloud-based workforce management fuel the growth of the global workforce management market. On the other hand, privacy and security concerns related to workforce data deployed on the cloud restrain the growth to some extent. Nevertheless, integration of advanced technologies in workforce management is anticipated to create multiple opportunities in the industry.

Download Sample PDF Report at: https://www.alliedmarketresearch.com/request-sample/3068

Key Trends in Workforce Management Market:

• Artificial Intelligence and Machine Learning: The use of AI and machine learning in workforce management is becoming increasingly popular. These technologies can help automate many routine tasks such as scheduling, time tracking, and performance evaluations.

• Cloud-Based Solutions: Cloud-based solutions are becoming the norm in workforce management. These solutions allow companies to access their workforce data from anywhere and on any device, making it easier to manage their workforce remotely.

• Employee Engagement: Companies are focusing more on employee engagement and satisfaction. By creating a positive work environment and investing in employee training and development, companies can improve employee retention and productivity.

• Gig Economy: The rise of the gig economy has led to an increase in the number of independent contractors and freelancers. Companies need to be able to manage their workforce, whether they are full-time employees or contractors, in a seamless and efficient way.

• Mobile Workforce: The increase in remote work and the use of mobile devices is changing the way companies manage their workforce. Mobile applications are becoming an essential part of workforce management, enabling employees to clock in and out, view their schedules, and communicate with their managers from anywhere.

• Predictive Analytics: With the help of predictive analytics, companies can forecast their workforce needs and optimize their staffing levels. This can lead to better resource allocation and improved workforce efficiency.

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/3068

The global workforce management market is analyzed across component, deployment mode, organization size, industry vertical, and region. Based on component, the solution segment accounted for more than three-fifths of the total market share in 2019, and is expected to rule the roost by 2027. Simultaneously, the services segment would exhibit the fastest CAGR of 12.1% during the forecast period,

Based on deployment model, the on-premise segment contributed to half of the total market in 2019, and is expected to retain its dominance by 2027. The cloud segment, on the other hand, would register the fastest CAGR of 13.0% from 2020 to 2027.

If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/3068

Based on geography, North America held the major share in 2019, generating more than two-fifths of the global market. At the same time, Asia-Pacific would showcase the fastest CAGR of 13.1% throughout the forecast period. The other two regions covered in the report include Europe and LAMEA.

The key market players analyzed in the global workforce management market report include ADP, LLC, Infor, IBM Corporation, Kronos Incorporated, Oracle Corporation, SAP SE, SumTotal Systems, LLC, Verint Systems Inc., Workday, Inc., and WorkForce Software, LLC. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

Procure Complete Report (288 Pages PDF with Insights, Charts, Tables, and Figures) at: https://bit.ly/3yOpp6P

Access Full Summary of Report: https://www.alliedmarketresearch.com/workforce-management-software-market

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.