The 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.
Browse full research report on Workforce
Management Market: https://www.grandviewresearch.com/industry-analysis/workforce-management-market
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.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/workforce-management-market/request/rs1
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)
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.
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