The Workforce Management Market is expected to

The Workforce Management Market is expected to reach USD 11,105 million by the end of 2027, growing at a CAGR of 9.1% over the forecast period (2020-2027).

The factors driving the growth of Workforce Management Market includes rise in the number of connected devices, emerging trend of Bring Your Own Device (BYOD) around the world, declining productivity of workforce and improvements in IT infrastructure of the organizations. Moreover, increasing adoption of advanced technologies by enterprises such as Artificial Intelligence (AI), Machine Learning (ML) and Cloud Computing and rising use of workforce management software to ease processes such as time and attendance and workforce scheduling, are some of the additional factors propelling the Workforce Management Market size.  In addition, the increasing investments by leading players on research and development, rising disposable incomes, rapid urbanization, and growing population growth rates, are further propelling the Workforce Management Market share.

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However, growth of the Workforce Management Market is hindered due to insufficient knowledge about workforce management software.

The leading players operating in the market are International Business Machines Corporation, ADP, Inc., UKG Inc., ActiveOps Limited, Oracle Corporation, Nice Ltd., Workday, Inc., SAP SE, Kronos Incorporated, and Zebra Technologies Corporation, among others.

Based on Component, the HR Management (Software) segment is predicted to grow at a robust CAGR over the forecast period

Workforce Management software eases the daily tasks of Human Resource Manager such as recruitment, talent management and employee’s training, are some of the factors responsible for the segment’s growth.

Based on Deployment Mode, the Cloud segment is projected to expand at a significant CAGR during the forecast period

As per the Workforce Management Market Forecast, growing emphasis on enhancing employee’s efficiency and improving customer relationship, are propelling the growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to capture a sizeable market share over the forecast period

Growing adoption of advanced technologies by major corporations, rapid economic growth across India, Indonesia, and China, rising tech savvy population, emerging trend of remote working, improvements in the standard of living and increasing per capita income, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Development

• In 2020, Reflexis Systems, partnered with Reflexis systems for deploying intelligent workforce management solutions including Workforce Scheduler, Time & Attendance, Employee Self-Service (ESS), Advanced Analytics & Reporting and Mobility solutions.

Market Segmentation

Segmentation by Compo snent

• Workforce Scheduling and Analysis (Software)


• Time and Attendance Management (Software)


• Performance Management (Software)


• HR Management (Software)


• Service

Segmentation by Deployment Mode

• On-Premise


• Cloud

Segmentation by End-Use Vertical

• BFSI


• Consumer Goods and Retail


• Automotive


• Energy and Utilities


• Healthcare


• Manufacturing


• Others

Segmentation by Region

• Asia Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Rest of APAC
  
  
  
  


• North America
  
  
  
  • United States of America
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • United Kingdom
  
  
  • Germany
  
  
  • France
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• RoW
  
  
  
  • Brazil
  
  
  • South Africa
  
  
  • Saudi Arabia
  
  
  • UAE
  
  
  
  

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