June 13, 2024

The latest report by Fortune Business Insights, titled ‘Workforce Management 2024 Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast, 2024 – 2032,’ provides a thorough analysis of the global Workforce Management . The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. Additionally, the report highlights the impact of crucial events such as technological advancements and regulatory frameworks on the Workforce Management landscape. This exhaustive examination equips businesses and stakeholders with invaluable intelligence for making informed decisions in the evolving Workforce Management .

The global Workforce Management Market size is expected to grow from USD 2.44 billion in 2018 to USD 5.25 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period.

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Driving Factor:

Lack of Knowledge about WFM Software Tools to Hamper Growth

Managing and maintaining the productivity levels of human resources is an expensive undertaking for companies of all sizes. The Human Capital Management Institute estimates that 70% of an organization’s operating costs are eaten up by employee management tasks. In such a dire scenario, where reducing operational costs is the prime focus in the private sector, the demand for effective workforce management systems is rising as they offer numerous advantages for organizations. For instance, WFM software can empower managers to make more informed decisions due to better access to data. It would also enable managers to select the right person for the right job, ensuring efficiency in task performance. Unfortunately, awareness of these benefits is abysmally low, stemming from the adoption of these technologies, particularly among the small and medium enterprises (SMEs). This can put crippling limitations on the workforce management market growth during the forecast period.

Report Highlights:

  • A comprehensive overview of the Workforce Management
  • Significant factors boosting, restricting, challenging and providing an opportunity to the market
  • Key insights and major industry developments
  • Significant players functioning in the Workforce Management
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends

Workforce Management Segments:

By Component

  • Software
  • Services

By Deployment

  • On-Premise
  • Cloud

By Enterprise Size

  • SMEs
  • Large Enterprises

By Application

  • Workforce Analytics
  • Workforce Scheduling
  • Time and Attendance Management
  • Others (Task Management and Fatigue Management)

By End-Use Industry

  • IT and Telecommunication
  • BFSI
  • Government
  • Retail
  • Healthcare
  • Education
  • Manufacturing
  • Others

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Top most manufacturers/ Key player by Business Leaders Leading Players of Workforce Management :

  • Kronos, Inc.
  • Oracle Corporation
  • SAP SE
  • Automatic Data Processing, Inc.  
  • Workday, Inc.
  • WorkForce Software, LLC.
  • Ultimate Software
  • Cornerstone OnDemand, Inc.
  • IBM Corporation
  • Verint
  • Infor
  • NetSuite, Inc.

Regional Analysis for Workforce Management :

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)

Frequently Asked Questions (FAQs):

  • What is the current market scenario?
  • What was the historical demand scenario, and forecast outlook from 2023 to 2030?
  • What are the key market dynamics influencing growth in the Global Workforce Management ?
  • Who are the prominent players in the Global Workforce Management ?
  • What is the consumer perspective in the Global Workforce Management ?
  • What are the key demand-side and supply-side trends in the Global Workforce Management ?
  • What are the largest and the fastest-growing geographies?
  • Which segment dominated and which segment is expected to grow fastest?
  • What was the COVID-19 impact on the Global Workforce Management ?

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Table of Contents

Industry Overview:

  • Market definition and segmentation
  • Industry trends and drivers
  • Regulatory environment

Workforce Management  Size and Forecast:

  • Historical market size and growth
  • Current market size and trends
  • Forecast for the future

Competitive Landscape:

  • Key players in the market
  • Market share analysis
  • SWOT analysis of major competitors

Customer Analysis:

  • Target customer demographics
  • Buying behavior and preferences
  • Customer satisfaction and feedback

Product/Service Analysis:

  • Overview of products/services in the market
  • Features and benefits
  • Pricing strategies

Workforce Management  Trends:

  • Emerging trends in the industry
  • Technological advancements
  • Shifts in consumer behavior

TOC Continued…

Access Full Report at – Workforce Management :

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