December 5, 2021

USD 2.13 bn growth in Workforce Management Software Market | Technavio

NEW YORK, Nov. 18, 2021 /PRNewswire/ — The workforce management software market size is set to grow by USD 2.13…

NEW YORK, Nov. 18, 2021 /PRNewswire/ — 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. 

Read Free Sample Report to explore growth opportunities in the workforce management software market.

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 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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Workforce Management Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.29%

Market growth 2021-2025

USD 2.13 billion

Market structure

Fragmented

YoY growth (%)

10.24

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, Germany, India, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download Latest Free Sample Report for additional highlights on workforce management software market

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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