Global Remote Workforce Management Software Market 2023-2030

Global Remote Workforce Management Software Market 2023-2030

Global Remote Workforce Management Software Market Size, Share & Trends Analysis Report by Type(Performance and Goal Management, Workforce Scheduling, Workforce Analytics, Time and Attendance Management, Absence and Leave Management, and Other Software (Task Management, Fatigue Management), by Deployment Mode (On-premise and Cloud), and by Industry Vertical (BFSI, Consumer Goods and Retail, Automotive, Energy and Utilities, Healthcare, Manufacturing, and Other (Education, Government)Forecast Period (2023-2030)

The global remote workforce management software market is anticipated to grow at a considerable CAGR of 11.4% during the forecast period. The growth of the market is attributed to factors such as the shift towards remote work trends, globalization of the workforce, and technological advancements. In addition, remote workforce management software offered features that enhanced employee productivity and efficiency. These included task management, time tracking, automated workflows, and performance analytics. Companies are looking towards the potential of remote workforce management software to optimize operations and improve their output; which inturn further contributing towards its adoption in different industries.

Segmental Outlook

The global remote workforce management software market is segmented based on its type, deployment mode, and industry vertical. Based on its type, the market is segmented into performance and goal management, workforce scheduling and workforce analytics, time and attendance management, absence and leave management, and other software (task management, fatigue management). Based on its deployment mode, the market is segmented into on-premise and cloud. Further, based on the industry vertical, the market is segmented into BFSI, consumer goods and retail, automotive, energy and utilities, healthcare, manufacturing, and others (education, government). Among the type segment, workforce scheduling and workforce analytics is anticipated to hold a prominent market share. The growth of the sub-segment is attributed to increased remote work trends, flexibility, and work-life balance.

Cloud Sub-Segment Held a Prominent Share in the Global Remote Workforce Management Software

The growth of the subsegment is led by its cost-effectiveness. The market players are coming into a partnership to accelerate the market growth. For instance, in May 2023, Google Cloud and UKG, a provider of HR, payroll, and workforce management solutions for all people, entered into an expanded partnership in order to integrate GenAI capabilities from Google Cloud into the human capital management (HCM) suites.UKG deployed GenAI to create more effective business insights that change decision-making and help supervisors in improving team management.

Regional Outlooks

The global remote workforce management software market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific region is projected to experience considerable growth in the remote workforce management software market, owing to the growing integration with e-commerce platforms and customer relationship management (CRM) systems that allowed retail companies to streamline workflows and access real-time data.

Europe Held a Significant Share in the Global Remote Workforce Management Software Market

Europe held a significant share of the global remote workforce management software market in 2022. One of the primary drivers for Europe's remote workforce management software is the increasing adoption of workforce scheduling software is receiving an increase in investment in the region, especially in the healthcare industry. For instance, in January 2021, the Minister of Care announced $10.3 million to facilitate digital shift organizing across 38 NHS trusts and enable workers to spend more time with patients. The investment is part of a $35.7 million national fund for all NHS clinicians using e-rostering technologies, including doctors, nurses, and other clinical workers.

Market Players Outlook

The major companies serving the global remote workforce management software market include Advanced Computer Software Group Ltd, Atoss Software AG, Blue Yonder Group, Inc. (Panasonic Corp.), IBM Corp., Infor Group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2022, Main Capital Partners acquired the majority of the shares of TimePlan Software A/S, a provider of workforce management tools.

The Report Covers

Market value data analysis of 2022and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global remote workforce management software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.