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 o f 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.
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Full Research Report by Grand View Research: http://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 more reports of this category
by Grand View Research:
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)
Access press release by Grand View
Research: http://www.grandviewresearch.com/press-release/global-workforce-management-market
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: http://www.grandviewresearch.com
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