The Global Workforce Management market is growing with the rapid pace; mainly due to the advent of automation and high adoption of internet of things in automotive industry. According to a recent study report published by the Market Research Future, the global market of Workforce Management is booming and expected to gain importance over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
Workforce management can be defined as the process or software that is essential for smooth and productive business operation of enterprise. The most efficient work-force management solution come from self-service modules that boost employees to put forth their own schedule preferences and to manage time off and change shifts, as required. Work force management solution offers a dynamic platform to enterprise to manage their work an assign service level to each task. Workforce management solutions are very powerful and effective only if the inputs and outputs are accurate and applied on timely basis.
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Major Key Players
IBM Corporation (U.S.),
Oracle Corporation (U.S.),
SAP AG (Europe),
Workforce Software (U.S.),
ADP LLC (U.S.),
Infor Global Solution (India), ClickSoftware (U.S.) and others.
According to Market Research Future, the global Workforce Management Market is expected to reach USD 9 billion by the end of 2022 with ~11% CAGR during forecast period 2016-2022
The workforce management market can be segmented into its components, deployment, end-users and regions. On the basis of components it can be categorized into two types such as namely solutions and services. Among the various types of solutions, workforce analytics solutions accounted for the largest market share majorly due to the increasing workforce productivity and develop strategies for work force management in organizations. Also, various companies have been giving high importance to optimize workforce outcome by increasing the demand for performance management and workforce analytics solution.
Various end users of workforce management market comprise of BFSI, healthcare, retail & e-commerce, telecommunications among others. The market is also widely used in small, medium and large enterprises. SMEs accounted of the largest market share majorly due to technological transition through collaborations with social media, real-time solutions, and the usage of mobile devices.
North America is dominating the Global Workforce Management Market with the largest market share due to high adoption of cloud services is observed in North America, high potential, technological progress. Workforce Management Market in Asia Pacific market is expected to grow at a substantial CAGR during 2016 to 2022 owing growing ecommerce market, growing number of small-medium enterprises. The European market for Workforce Management Market is expected to grow at a considerable CAGR (2016-2022) due to the focus towards reducing costs and increasing efficiency.
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- Workforce Management Manufacturers
- Research firms
- Consultancy firms
- Software Developers
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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