Workforce Management (WFM) Market Analytical Insights, Opportunities and Foresight Research 2017-2022
Jun 12, 2017
Workforce Management Market, By Component (Solutions, Service), By Deployment Type (On-Premises, Cloud-based), By End-users (BFSI, Healthcare, Retail and ecommerce, Manufacturing, Government, Telecommunications and IT), By Organization size(SME, Enterprises)
Pune, India - June 12, 2017 /MarketersMedia/ —
Market Highlights
The global workforce management market is poised to reach at market size of USD ~9 billion by end of year 2022 at growing with ~11% CAGR. The growth in the Workforce Management Market is driven by reduction of labor expenses; improve workforce utilization & business performances, increased focus on workforce optimization and mobile applications. Increasing number of medium and small enterprises in the emerging market is fuelling the growth of the market. The workforce management solution enables organizations to run various complex analytics on workforce processes to find problems and rectify them and hence ensure better use of existing resources.
However, the issues such as lack of awareness among small firms in certain developing countries and high training cost associated with workforce management solutions are affecting the growth of the workforce management market.
The market has various benefits for end-users such as enables the organizations to find insights from key operational data types. Hence, the increasing use of workforce analytics and various strategies for workforce management in organizations are boosting the growth of the market. Various firms have been giving high importance to optimize workforce outcome by increasing the demand for performance management and workforce analytics solution.
Key Players
• IBM Corporation (U.S.)
• Oracle Corporation (U.S.)
• SAP AG (Europe)
• KRONOS (U.S.)
• Workforce Software (U.S.)
• ADP LLC (U.S.)
• WORKDAY (U.S.)
• Infor Global Solution (India)
• ClickSoftware (U.S.)
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2388
Market Research Future Analysis
The global workforce management market is expected to grow significantly. The market is highly application basis. BFSI and healthcare segment of workforce management market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.
Europe accounted for the largest market share majorly due to high focus on innovations through research & development, high investments to adopt smart technologies & workforce management solutions. The North-American region is expected to grow at a fast pace over the forecast period, 2016-2022, majorly due to growing adoption of IoT, increasing adoption of new and emerging technologies, increasing number of small medium business and increasing number of users in the emerging markets.
Workforce Management Market
The workforce management market can be segmented into its components, deployment, end-users and regions. On the basis of components, it can be categorized into two types such as namely solutions and services. Among the various types of solutions, workforce analytics solutions accounted for the largest market share majorly due to the increasing workforce productivity and develop strategies for work force management in organizations. Also, various companies have been giving high importance to optimize workforce outcome by increasing the demand for performance management and workforce analytics solution.
Various end users of workforce management market comprise of BFSI, healthcare, retail & e-commerce, telecommunications among others. The market is also widely used in small, medium and large enterprises. SMEs accounted of the largest market share majorly due to technological transition through collaborations with social media, real-time solutions, and the usage of mobile devices.
Browse Report @ https://www.marketresearchfuture.com/reports/workforce-management-market-2388
Intended Audience:
- Workforce Management Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Software Developers
- Vendors
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Technology Investors
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Akash Anand
Email: [email protected]
Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
Phone: +1 646 845 9312
For more information, please visit https://www.marketresearchfuture.com/reports/workforce-management-market-2388
Source: MarketersMedia
Release ID: 207058
Recommended
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.
More News
Brookside actor who ran a network of fake modelling agencies is arrested in Spain after a year on Britain's most wanted list
Barry Philip Foster, 51, was held on an international arrest warrant in the town of Torrevieja, south of Alicante.
Moment Harry ignores question about Earl Spencer's book but admitted his first two weeks back in UK have been 'eventful' amid war of words between the King and Diana's brother
The Duke of Sussex was all smiles as he made his first public appearance at the inaugural Invictus Spirit Awards at the historic Old Royal Naval College in Greenwich on the banks of the Thames.
Burnham says he wants 'deeper' ties with EU as he scrambles to revive stalling 'reset' bid in talks with Irish PM
Andy Burnham met his Irish counterpart Micheál Martin at so-called 'No10 North' in Manchester this morning.
Bee Network issues statement on search for missing Bolton teenager Lillia
'We will continue to do anything we can to help'
Mom, 20, gave birth to baby at CHILDCARE facility where she worked, then dumped infant in trash where it was found dead, cops say
The girl told the police that she delivered the infant in the bathroom of the child care facility.
Thousands of Ukrainians starving to death in city cut off by Putin - only escape is to walk along 'road of doom' booby-trapped with mines
Thousands of Ukrainians are starving to death in a frontline city which has been cut off by Vladimir Putin.
Top prosecutor, 53, dies by suicide in COURT, with building now sealed off so cops can investigate
Platte County Prosecutor Eric Zahnd, 53, was found dead inside the county courthouse on Thursday afternoon, the local sheriff's office confirmed.
Astonishing moment female lawmaker has diva meltdown at public meeting... before giving VERY unladylike gesture to colleagues
Chair of the Washington County governing board, Kathryn Harrington, flipped off a fellow council member during an otherwise normal meeting.
World's worst hitmen whose ambush plot failed when one shot the other by mistake are jailed for total of 15 years
Bungling Adam Liaqat, 19, of Sandwell, mistakenly fired his weapon on accomplice Asad Khan (pictured), 23, of West Bromwich, leaving him with life-changing injuries.
Amy Coney Barrett shuts down Trump assault with blunt response as White House SCOTUS anger stirs
Trump excoriated Justice Barrett and two of her conservative colleagues for blocking his effort to crack down on mail-in voting in the fast-approaching midterm elections.
Teenager from South Sudan who brought 165 migrants to UK on overcrowded super-dinghy is jailed
Chan Atak, 19, from South Sudan, has been jailed today for endangering lives at sea after he steered a super-dinghy containing 165 migrants into the UK illegally.
Airports chaos caused by 'software glitch' officials find - as Government orders further probe but dodges sacking under-fire NATS boss
The National Air Traffic Services (NATS) probe into the chaos on September 8 found the cause was a 'software malfunction in the space of a millisecond' in a small part of its system.