Insights on the Workforce Management Global Market to 2026 – by Solution, Service, Deployment Type, Organization Size, Vertical and Region

DUBLIN, July 14, 2021 /PRNewswire/ — The «Workforce Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″…

DUBLIN, July 14, 2021 /PRNewswire/ — The «Workforce Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026» report has been added to’s offering.

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The global workforce management market exhibited strong growth during 2015-2020. Workforce management (WFM) refers to a collection of tools and processes that enables an organization to monitor and centralize the data for their human resource utilization. It includes various performance-based software and tools to enhance the efficiencies of front-line supervisors, corporate management, managers and workers across the organization. It can perform multiple functions, such as workforce forecast and scheduling, HR management and workforce analysis. It can also create customized workflows that enhance overall productivity and make decision-making more efficient. Owing to this, it finds extensive applications across various industries, including banking, financial services, and insurance (BFSI), medical, government & defense, transportation & logistics, retail and information technology (IT).

The growing need for automation across industries, along with the increasing adoption of cloud-based solutions, is one of the key factors driving the growth of the market. With an increasing focus on workforce optimization, organizations are extensively employing WFM solutions to manage time and avoid duplication of tasks. Furthermore, cloud-based solutions minimize the requirements for physical hardware, which is also boosting the adoption of these solutions in organizations. The platform also reduces the overall operational costs and enhances the scalability of the infrastructure by providing access to various endpoints.

Additionally, increasing penetration of smartphones, along with the prevailing trend of Bring-Your-Own-Devices (BYOD), is also creating a positive impact on the market growth. With the deployment of WFM solutions, the employer can track the progress on tasks at any point of time while providing the employees with secure access to official files. Other factors, including rapid urbanization, especially in developing economies, rising awareness about the benefits of WFM, and extensive research and development (R&D) activities in the field of IT, are projected to drive the market in the upcoming years. Looking forward, the publisher expects the global workforce management market to grow at a CAGR of around 14% during the forecast period (2021-2026).

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being ADP, Atoss Software AG, HotSchedules Inc., Huntington Business Systems, IBM, Kronos Inc., Oracle Corporation, Reflexis Systems, SAP SE, Ultimate Software Group Inc., Verint Systems, Workday Inc., WorkForce Software LLC, etc.

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Workforce Management Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Solution

6.1 Absence Management

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Performance Management

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Workforce Scheduling

6.3.1 Market Trends

6.3.2 Market Forecast

6.4 Time and Attendance Management

6.4.1 Market Trends

6.4.2 Market Forecast

6.5 Workforce Analytics

6.5.1 Market Trends

6.5.2 Market Forecast

6.6 Others

6.6.1 Market Trends

6.6.2 Market Forecast

7 Market Breakup by Service

7.1 Implementation Services

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Support and Maintenance Services

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 Training and Education Services

7.3.1 Market Trends

7.3.2 Market Forecast

8 Market Breakup by Deployment Type

8.1 Cloud-based

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 On-premises

8.2.1 Market Trends

8.2.2 Market Forecast

9 Market Breakup by Organization Size

9.1 Small and Medium-sized Enterprises (SMEs)

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Large Enterprises

9.2.1 Market Trends

9.2.2 Market Forecast

10 Market Breakup by Vertical

10.1 Government and Defense

10.1.1 Market Trends

10.1.2 Market Forecast

10.2 Banking, Financial Services, and Insurance (BFSI)

10.2.1 Market Trends

10.2.2 Market Forecast

10.3 Healthcare

10.3.1 Market Trends

10.3.2 Market Forecast

10.4 Transportation and Logistics

10.4.1 Market Trends

10.4.2 Market Forecast

10.5 Telecom and IT

10.5.1 Market Trends

10.5.2 Market Forecast

10.6 Consumer Goods and Retail

10.6.1 Market Trends

10.6.2 Market Forecast

10.7 Manufacturing

10.7.1 Market Trends

10.7.2 Market Forecast

10.8 Energy and Utilities

10.8.1 Market Trends

10.8.2 Market Forecast

10.9 Others

10.9.1 Market Trends

10.9.2 Market Forecast

11 Market Breakup by Region

11.1 North America

11.1.1 United States Market Trends Market Forecast

11.1.2 Canada Market Trends Market Forecast

11.2 Asia Pacific

11.2.1 China Market Trends Market Forecast

11.2.2 Japan Market Trends Market Forecast

11.2.3 India Market Trends Market Forecast

11.2.4 South Korea Market Trends Market Forecast

11.2.5 Australia Market Trends Market Forecast

11.2.6 Indonesia Market Trends Market Forecast

11.2.7 Others Market Trends Market Forecast

11.3 Europe

11.3.1 Germany Market Trends Market Forecast

11.3.2 France Market Trends Market Forecast

11.3.3 United Kingdom Market Trends Market Forecast

11.3.4 Italy Market Trends Market Forecast

11.3.5 Spain Market Trends Market Forecast

11.3.6 Russia Market Trends Market Forecast

11.3.7 Others Market Trends Market Forecast

11.4 Latin America

11.4.1 Brazil Market Trends Market Forecast

11.4.2 Mexico Market Trends Market Forecast

11.4.3 Others Market Trends Market Forecast

11.5 Middle East and Africa

11.5.1 Market Trends

11.5.2 Market Breakup by Country

11.5.3 Market Forecast

12 SWOT Analysis

13 Value Chain Analysis

14 Porters Five Forces Analysis

15 Price Indicators

16 Competitive Landscape

16.1 Market Structure

16.2 Key Players

16.3 Profiles of Key Players

16.3.1 ADP Company Overview Product Portfolio Financials SWOT Analysis

16.3.2 Atoss Software AG Company Overview Product Portfolio Financials

16.3.3 HotSchedules Inc. Company Overview Product Portfolio

16.3.4 Huntington Business Systems Company Overview Product Portfolio

16.3.5 IBM Company Overview Product Portfolio Financials SWOT Analysis

16.3.6 Kronos Inc. Company Overview Product Portfolio

16.3.7 Oracle Corporation Company Overview Product Portfolio Financials SWOT Analysis

16.3.8 Reflexis Systems Company Overview Product Portfolio

16.3.9 SAP SE Company Overview Product Portfolio Financials SWOT Analysis

16.3.10 Ultimate Software Group Inc. Company Overview Product Portfolio SWOT Analysis

16.3.11 Verint Systems Company Overview Product Portfolio Financials SWOT Analysis

16.3.12 Workday Inc. Company Overview Product Portfolio Financials SWOT Analysis

16.3.13 WorkForce Software LLC Company Overview Product Portfolio

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