Global Workforce Management
Market is expected to reach
USD 11.09 billion by 2025, according to a new study by Grand View Research,
Inc. Globalization, a younger and more diverse workforce, and the growing use
of digitalization in day-to-day operations of organizations are anticipated to
aid the growth of the workforce management market in coming years. The demand
for interaction and integration in daily operations and the necessity to
operate as a unified enterprise are further driving technological as well as
social advancements in companies worldwide.
Workforce management is a multi-faceted solution which has
enabled prominent changes and generated significant paybacks, both in terms of
revenue and ease of usage, and it continues to evolve even today. The
increasing adoption of mobile devices is expected to play a vital role in the
industry as numerous companies have cited a keen interest in enhancing their
mobile capabilities in the near future. In addition, the absence & leave
management solutions are also anticipated to witness a surge in demand as
organizations across the world embrace digital tracking at a rapid rate.
Full Research Report on Global Workforce Management
Market Analysis:
While the overall demand for workforce management solutions
is growing, resistance to change and training employees to adapt to new
technologies may act as hindrances in the growth trajectory for a couple of
years. The role of management solutions in HR is shifting from administration
to planning and analysis wherein the major development focus would be on data
gathering and analytical tools. As the industry matures, a greater influx of
big data and mobility into mainstream solutions can be expected to define the
market direction.
As workforce management solutions continue to gain traction
in the industry, there would be a profound effect on the biometric terminals
used for time & attendance applications. Furthermore, the adoption of cloud
and Software-as-a-Service (SaaS) will also drive the replacement of legacy
systems with modern and enhanced solutions to better stimulate workforce
integration. To sum up the industry developments, trends such as agility,
employee engagement, data gathering and analysis, and the use of HR as a
strategic pillar of the organization will propel the market in coming years.
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research
has segmented the Global Workforce Management Market based on solution,
deployment, company size, application, and region:
Solution Scope (Revenue, USD Million; 2014 - 2025)
- Workforce
Scheduling
- Time
& Attendance Management
- Embedded
Analytics
- Absence
Management
- Others
Deployment Scope (Revenue, USD Million; 2014 - 2025)
- Cloud
- On-premise
Company Size Scope (Revenue, USD Million; 2014 - 2025)
- Large
Enterprises
- Small
and Medium Enterprises (SMEs)
Application Scope (Revenue, USD Million; 2014 - 2025)
- Academia
- Automotive
& Manufacturing
- BFSI
- Government
- Healthcare
- Retail
- Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Middle
East & Africa (MEA)
View Press Release Of this research report by Grand View
Research:
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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