The workforce management software market size is set to grow by USD 2.13 bn from 2020 to 2025, according to Technavio. The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
The workforce management software market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report covers the following areas:
- Workforce Management Software Market size
- Workforce Management Software Market trends
- Workforce Management Software Market industry analysis
Workforce Management Software Market 2021-2025: Segmentation
- Deployment
- Cloud-based
- On-premise
- Geography
- North America
- Europe
- APAC
- South America
- MEA
Learn about the contribution of each segment of the market. Download a Free Sample
Workforce Management Software Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the workforce management software market include Automatic Data Processing Inc., Blue Yonder Group Inc., Ceridian HCM Holding Inc., International Business Machines Corp., Koch Industries Inc., Kronos Inc., Oracle Corp., Sage Group Plc, SAP SE, and Workday Inc.
Regulatory compliance, the increasing need to streamline HR functions, and the need for workforce diversity management will offer immense growth opportunities. However, factors such as high implementation and maintenance costs may threaten the growth of the market.
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Workforce Management Software Market 2021-2025: Regional Analysis
Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. According to Technavio, 34% of the market’s growth will originate from North America during the forecast period. The US is the key country for the workforce management software market in the region. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. In addition, the increasing need to streamline HR functions will drive the workforce management software market growth in the region during the forecast period.
Workforce Management Software Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist workforce management software market growth during the next five years
- Estimation of the workforce management software market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the workforce management software market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of workforce management software market vendors
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