Reports
Sale
Global Workforce Management Market Share, Size, Trends, Analysis: By Type: Time and Attendance Management, Workforce Scheduling and Workforce Analytics, Absence and Leave Management, Other; By Deployment Mode; By End-user Vertical; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Workforce Management Market Outlook
The global workforce management market size reached a value of more than USD 6.79 billion in 2021. The global market is expected to grow at a CAGR of 9.20% in the forecast period of 2023-2028, likely to reach a value of USD 11.51 billion by 2027.
Global Workforce Management Market Trends
Workforce management comprises of an integrated set of processes through which a company allocate resources, track attendance, and track goals for optimising productivity. WFM entails successfully estimating labour requirements and designing and controlling staff schedules to complete a certain activity on a daily and hourly basis.
Increasing Adoption of Work-From-Home Trend
Companies around the world are adopting hybrid workstyles by allowing employees to work-from-home on certain days and occasions. This has enhanced the importance of workforce management services for companies to efficiently manage their workflow.
Growing Demand for Cloud-based Workforce Management
The demand for cloud-based workforce management softwares has surged as they help business to optimise their workflow by enabling the company to automate tasks that are traditionally labour intensive, while also providing other management solutions.
Flexible Plans for Companies Based on their Needs
Software companies are curating cost-efficient management service plans based on company needs and size. This will allow smaller companies to adopt services and improve their work efficiency, which will further boost the market development.
Evolving Human Resource Management Operations to Provide Significant Growth Opportunities
The ongoing rapid industrialisation and commercial development in emerging regions has propelled the implementation of human resource management strategies to improve recruitment, attendance management, performance management, and documentation, among other processes. This can provide positive development opportunities to the market.
High Initial Cost for Setting up Workforce Management Services Can Hinder the Market Growth
Small and medium sized companies are hesitant in adopting workforce management services due to the high initial cost for setup, management which requires skilled professionals, and infrastructure in case of on-premises management service. This can impede the market growth rate.
Global Workforce Management Market Analysis
Based on type, the market can be segmented into time and attendance management, workforce scheduling and workforce analytics, absence and leave management, performance and goal management, among others. Based on deployment mode, it can be bifurcated into on-premise and cloud.
Based on end-user vertical, the market segments include BFSI, consumer goods and retail, automotive, energy and utilities, healthcare, and manufacturing, among others. The regional markets for the workforce management market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- ActiveOps PLC
- NICE Ltd.
- Oracle Corporation
- Kronos Incorporated
- Infor Group
- Others
Deployment Modes in the Global Workforce Management Market
Based on deployment modes, the market bifurcations include on-premise and cloud. Technological developments and increasing demand for all-in-one solutions for workforce management and automation is driving the market growth. Thus, companies have been increasingly adopting cloud-based workforce management software helps business to optimise workflow and improve efficiency.
On-premise segment provides a premise installation option which provide full control on the upgrade and maintenance schedules, security configuration and patches, and access to the software. It is expected to experience steady growth in the market during the forecast period.
Market Breakup by End-User Vertical
Based on end-user vertical, the market can be segmented into BFSI, consumer goods and retail, automotive, energy and utilities, healthcare, and manufacturing, among others. Among these segments, healthcare is expected to hold the largest share in the market owing to the increasing focus of healthcare organisations to reduce labour expenses and improve efficiency. Healthcare organisations are focusing on improving their communication methods, human resource staff, and talent acquisition.
The BFSI segment is also expected to hold a significant share of the market owing to theincreasing adoption of management softwares for automation of labour-intensive tasks.
Competitive Landscape
ActiveOps PLC is a United Kingdom based software company that provide organisations with workforce automation services for various purposes to improve the workflow efficiency. The company was founded in 2005 and its headquarter is located in Reading, Berkshire.
NICE Ltd. is an Israel-based software company, which was founded in 1986. The company specialises in workforce engagement management, data security, surveillance, call centre software, and robotic process automation, among many other fields. They also offer one of the world’s largest cloud CX platform.
Oracle Corporation is one of the world’s largest computer technology companies which was founded in 1977. The company is headquartered in Texas, United States. The company is comprised of four main business sectors including cloud and license, hardware, and services. The company is known for its database management system, called Oracle database software.
Other market players include Kronos Incorporated and Infor Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Deployment Mode |
|
| Breakup by End-user Vertical |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Workforce Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Workforce Management Historical Market (2018-2022)
8.3 Global Workforce Management Market Forecast (2023-2028)
8.4 Global Workforce Management Market by Type
8.4.1 Time and Attendance Management
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Workforce Scheduling and Workforce Analytics
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Absence and Leave Management
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Performance and Goal Management
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Other
8.5 Global Workforce Management Market by Deployment Mode
8.5.1 On-premise
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Cloud
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Workforce Management Market by End-user Vertical
8.6.1 BFSI
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Consumer Goods and Retail
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Automotive
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Energy and Utilities
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Healthcare
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Manufacturing
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Workforce Management Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ActiveOps PLC
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 NICE Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Oracle Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kronos Incorporated
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Infor Group
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Workforce Management Market: Key Industry Highlights, 2017 and 2021
2. Global Workforce Management Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Workforce Management Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Workforce Management Historical Market: Breakup by Deployment Mode (USD Billion), 2018-2022
5. Global Workforce Management Market Forecast: Breakup by Deployment Mode (USD Billion), 2023-2028
6. Global Workforce Management Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Workforce Management Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Workforce Management Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Workforce Management Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Workforce Management Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Workforce Management Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Workforce Management Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Workforce Management Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Workforce Management Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Workforce Management Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Workforce Management Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Workforce Management Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Workforce Management Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Workforce Management Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Workforce Management Market Structure
Key Questions Answered in the Report
The market size reached a value of USD 6.79 billion in 2021.
The market size is estimated to reach a value of USD 11.51 billion in 2027.
The global market size is expected to grow at a CAGR of 9.20% during the period 2023-2028.
The market is driven by the increasing demand for management software to optimise efficiency and rapidly growing demand for cloud-based workforce management service.
The rising launch of cost-efficient service plans and adoption of work-from-home trend in companies is propelling the marker growth.
The regional markets for the global workforce management market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The different types of workforce management in the market include time and attendance management, workforce scheduling and workforce analytics, absence and leave management, performance and goal management, among others.
The deployment modes for workforce management include on-premise and cloud.
The end-user verticals for workforce management include BFSI, consumer goods and retail, automotive, energy and utilities, healthcare, and manufacturing, among others.
The key players in the market include ActiveOps PLC, NICE Ltd., Oracle Corporation, Kronos Incorporated, and Infor Group, among others.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$ 2199
$1799
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$3199$2999-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
$4199$3999-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$5199$4999-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
NEWSLETTER