Healthcare Workforce Management System market was valued at US$ 1769.3 million in 2022 and is anticipated to reach US$ 3345.3 million by 2029, witnessing a CAGR of 11.2% - Valuates Reports

Healthcare Workforce Management System market was valued at US$ 1769.3 million in 2022 and is anticipated to reach US$ 3345.3 million by 2029, witnessing a CAGR of 11.2% during the forecast period 2023-2029.

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Workforce management is an institutional process that maximizes performance levels and competency for an organization. The process includes all the activities needed to maintain a productive workforce, such as field service management, human resource management, performance and training management, data collection, recruiting, budgeting, forecasting, scheduling and analytics.
Workforce management provides a common set of performance-based tools and software to support corporate management, front-line supervisors, store managers and workers across manufacturing, distribution, transportation, and retail operations. It is sometimes referred to as HRMS systems, or Workforce asset management, or part of ERP systems.
In this report, we study the Workforce Management System used in healthcare.
The healthcare sector is increasingly implementing the healthcare workforce management solutions to meet challenges such as managing shift differentials of employees to provide quality care to patients, to keep track of the employees, and retain the top talent. The growing need to curtail the increasing healthcare costs with optimum utilization of the available workforce is the primary driver for the growth of this market.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Kronos and Infor as the largest player in the market with 44% of revenue share.
United States is the largest sales place, with a sales market share nearly 59%. Following United States, Europe is the second largest sales place with the sales market share of 30%. China, Japan and Korea are also important sales regions for Healthcare Workforce Management System.

This report aims to provide a comprehensive presentation of the global market for Healthcare Workforce Management System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Healthcare Workforce Management System.
The Healthcare Workforce Management System market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Healthcare Workforce Management System market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Healthcare Workforce Management System companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
Software
Hardware
Service

Segment by Application
Payroll
Staffing and Scheduling
Time and Attendance
Patient Classification
Analytics

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