Global Workforce Management Software Market 2024-2028
The workforce management software market is forecasted to grow by USD 1260.04 million during 2023-2028, accelerating at a CAGR of 9.06% during the forecast period. The report on the workforce management software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by regulatory compliance associated with workforce management, the increasing need to streamline HR functions, and the increased adoption of HR-related software solutions by organizations.
Technavio's workforce management software market is segmented as below:
By End-user
- IT and telecom
- BFSI
- Healthcare
- Manufacturing
- Others
By Deployment
By Application
- Time and attendance
- Workforce analytics
- Task management
- Workforce scheduling
By Geographical Landscape
This study identifies the increasing popularity of advanced workforce analytics as one of the prime reasons driving the workforce management software market growth during the next few years. Also, the high utilization of social media in workforce management in US and the need for workforce diversity management will lead to sizable demand in the market.
The report on the workforce management software market covers the following areas:
- Workforce management software market sizing
- Workforce management software market forecast
- Workforce management software market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading workforce management software market vendors that include Blue Yonder Inc., Dayforce Inc., Deputechnologies Pty Ltd., International Business Machines Corp., Koch Industries Inc., Microsoft Corp., Oodles Technologies Pvt Ltd., Oracle Corp., Paycor HCM Inc., PTC Inc., Rippling People Center Inc., SAP SE, Softworks Ltd., UKG Inc., Verint Systems Inc., Workday Inc., WorkForce Software LLC, Zebra Technologies Corp., Automatic Data Processing Inc., and Paychex Inc.. Also, the workforce management software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.