Workforce Management Market Report: Latest Development, Trends, Top Key Players and Outlook

Global Workforce Management Market Research Report and Forecast 2025

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REPORT OBJECTIVES & Highlight

Report Description The global workforce management market is currently witnessing strong growth. Workforce management (WFM) refers to a collection of tools and processes that enables an organization to monitor and centralize the data for their human resource utilization. It includes various performance-based software and tools to enhance the efficiencies of front-line supervisors, corporate management, managers and workers across the organization. It can perform multiple functions, such as workforce forecast and scheduling, HR management and workforce analysis. It can also create customized workflows that enhance overall productivity and make decision-making more efficient. Owing to this, it finds extensive applications across various industries, including banking, financial services, and insurance (BFSI), medical, government & defense, transportation & logistics, retail and information technology (IT).

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Market Trends: The market is primarily driven by the widespread adoption of the remote working model across the corporate sector. This is being facilitated by the increasing adoption of cloud-based solutions in the majority of organizations on the global level. This has impelled companies to utilize WFM solutions for attendance and leave management, along with labor scheduling and budgeting, and workforce analytics. WFM also assists enterprises by streamlining their tasks, ensuring proper management of time and avoiding the chances of task duplication. Along with this, the escalating need for social distancing on the global level on account of the rapid outbreak of the coronavirus disease (COVID-19) has increased the number of remote workers across organizations, thereby providing a thrust to the market growth. The market is further driven by the increasing penetration of smartphones and the rise in the Bring-Your-Own-Devices (BYOD) trend across numerous industries.

This has significantly increased the deployment of WFM for tracking the progress of tasks assigned to the employees. Some of the other factors contributing to the market growth include the increasing automation across various industries and the significant developments in the IT sector. On account of the aforementioned factors, the market is anticipated to witness moderate growth during 2020-2025.

Report Description workforce management Market 2020-2025: Segmentation and Analysis of Top Key players Breakup by Solution: •

Absence Management

•

Performance Management

•

Workforce Scheduling

•

Time and Attendance Management

•

Workforce Analytics

•

Others

Breakup by Service: •

Implementation Services

•

Support and Maintenance Services

•

Training and Education Services

Explore full report with table of contents: https://www.imarcgroup.com/workforce-management-market

Report Description Breakup by Deployment Type: •

Cloud-based

•

On-premises

Breakup by Organization Size: •

Small and Medium-sized Enterprises (SMEs)

•

Large Enterprises

Breakup by Vertical: •

Government and Defense

•

Banking, Financial Services, and Insurance (BFSI)

•

Healthcare

•

Transportation and Logistics

•

Telecom and IT

•

Consumer Goods and Retail

•

Manufacturing

•

Energy and Utilities

•

Others

Report Description Breakup by Region: •North America • United States • Canada •Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others •Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others •Latin America • Brazil • Mexico • Others •Middle East and Africa •

Report Description Key Questions Answered in This Report: • • • • • • • • • • • •

How has the global workforce management market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global workforce management?

What are the key regional markets?

What is the breakup of the market based on the solution?

What is the breakup of the market based on the service?

What is the breakup of the market based on the deployment type?

What is the breakup of the market based on the organization size?

What is the breakup of the market based on the vertical?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global workforce management market and who are the key players?

What is the degree of competition in the industry market?

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Table of Contents

Table of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Workforce Management Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Solution 6.1 Absence Management 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Performance Management 6.2.1 Market Trends 6.2.2 Market Forecast  Â

Table of Contents 6.3 Workforce Scheduling 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Time and Attendance Management 6.4.1 Market Trends 6.4.2 Market Forecast 6.5 Workforce Analytics 6.5.1 Market Trends 6.5.2 Market Forecast 6.6 Others 6.6.1 Market Trends 6.6.2 Market Forecast 7 Market Breakup by Service 7.1 Implementation Services 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Support and Maintenance Services 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Training and Education Services 7.3.1 Market Trends 7.3.2 Market Forecast 8 Market Breakup by Deployment Type 8.1 Cloud-based 8.1.1 Market Trends 8.1.2 Market Forecast

Table of Contents 8.2 On-premises 8.2.1 Market Trends 8.2.2 Market Forecast 9 Market Breakup by Organization Size 9.1 Small and Medium-sized Enterprises (SMEs) 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Large Enterprises 9.2.1 Market Trends 9.2.2 Market Forecast 10 Market Breakup by Vertical 10.1 Government and Defense 10.1.1 Market Trends 10.1.2 Market Forecast 10.2 Banking, Financial Services, and Insurance (BFSI) 10.2.1 Market Trends 10.2.2 Market Forecast 10.3 Healthcare 10.3.1 Market Trends 10.3.2 Market Forecast 10.4 Transportation and Logistics 10.4.1 Market Trends 10.4.2 Market Forecast 10.5 Telecom and IT 10.5.1 Market Trends 10.5.2 Market Forecast 10.6 Consumer Goods and Retail 10.6.1 Market Trends 10.6.2 Market Forecast

Table of Contents 10.6 Consumer Goods and Retail 10.6.1 Market Trends 10.6.2 Market Forecast 10.7 Manufacturing 10.7.1 Market Trends 10.7.2 Market Forecast 10.8 Energy and Utilities 10.8.1 Market Trends 10.8.2 Market Forecast 10.9 Others 10.9.1 Market Trends 10.9.2 Market Forecast 11 Market Breakup by Region 11.1 North America 11.1.1 United States 11.1.1.1 Market Trends 11.1.1.2 Market Forecast 11.1.2 Canada 11.1.2.1 Market Trends 11.1.2.2 Market Forecast 11.2 Asia Pacific 11.2.1 China 11.2.1.1 Market Trends 11.2.1.2 Market Forecast 11.2.2 Japan 11.2.2.1 Market Trends 11.2.2.2 Market Forecast

Table of Contents 11.2.3 India 11.2.3.1 Market Trends 11.2.3.2 Market Forecast 11.2.4 South Korea 11.2.4.1 Market Trends 11.2.4.2 Market Forecast 11.2.5 Australia 11.2.5.1 Market Trends 11.2.5.2 Market Forecast 11.2.6 Indonesia 11.2.6.1 Market Trends 11.2.6.2 Market Forecast 11.2.7 Others 11.2.7.1 Market Trends 11.2.7.2 Market Forecast 11.3 Europe 11.3.1 Germany 11.3.1.1 Market Trends 11.3.1.2 Market Forecast 11.3.2 France 11.3.2.1 Market Trends 11.3.2.2 Market Forecast 11.3.3 United Kingdom 11.3.3.1 Market Trends 11.3.3.2 Market Forecast

Table of Contents  11.3.4 Italy 11.3.4.1 Market Trends 11.3.4.2 Market Forecast 11.3.5 Spain 11.3.5.1 Market Trends 11.3.5.2 Market Forecast 11.3.6 Russia 11.3.6.1 Market Trends 11.3.6.2 Market Forecast 11.3.7 Others 11.3.7.1 Market Trends 11.3.7.2 Market Forecast 11.4 Latin America 11.4.1 Brazil 11.4.1.1 Market Trends 11.4.1.2 Market Forecast 11.4.2 Mexico 11.4.2.1 Market Trends 11.4.2.2 Market Forecast 11.4.3 Others 11.4.3.1 Market Trends 11.4.3.2 Market Forecast 11.5 Middle East and Africa 11.5.1 Market Trends 11.5.2 Market Breakup by Country 11.5.3 Market Forecast

Table of Contents  12 SWOT Analysis 12.1 Overview 12.2 Strengths 12.3 Weaknesses 12.4 Opportunities 12.5 Threats 13 Value Chain Analysis 14 Porters Five Forces Analysis 14.1 Overview 14.2 Bargaining Power of Buyers 14.3 Bargaining Power of Suppliers 14.4 Degree of Competition 14.5 Threat of New Entrants 14.6 Threat of Substitutes 15 Price Indicators 16 Competitive Landscape 16.1 Market Structure 16.2 Key Players 16.3 Profiles of Key Players 16.3.1 ADP 16.3.1.1 Company Overview 16.3.1.2 Product Portfolio 16.3.1.3 Financials 16.3.1.4 SWOT Analysis 16.3.2 Atoss Software AG 16.3.2.1 Company Overview 16.3.2.2 Product Portfolio

Table of Contents 16.3.2.3 Financials 16.3.3 HotSchedules Inc. 16.3.3.1 Company Overview 16.3.3.2 Product Portfolio 16.3.4 Huntington Business Systems 16.3.4.1 Company Overview 16.3.4.2 Product Portfolio 16.3.5 IBM 16.3.5.1 Company Overview 16.3.5.2 Product Portfolio 16.3.5.3 Financials 16.3.5.4 SWOT Analysis 16.3.6 Kronos Inc. 16.3.6.1 Company Overview 16.3.6.2 Product Portfolio 16.3.7 Oracle Corporation 16.3.7.1 Company Overview 16.3.7.2 Product Portfolio 16.3.7.3 Financials 16.3.7.4 SWOT Analysis 16.3.8 Reflexis Systems 16.3.8.1 Company Overview 16.3.8.2 Product Portfolio 16.3.9 SAP SE 16.3.9.1 Company Overview 16.3.9.2 Product Portfolio 16.3.9.3 Financials

Table of Contents 16.3.10 Ultimate Software Group Inc. 16.3.10.1 Company Overview 16.3.10.2 Product Portfolio 16.3.10.3 SWOT Analysis 16.3.11 Verint Systems 16.3.11.1 Company Overview 16.3.11.2 Product Portfolio 16.3.11.3 Financials 16.3.11.4 SWOT Analysis 16.3.12 Workday Inc. 16.3.12.1 Company Overview 16.3.12.2 Product Portfolio 16.3.12.3 Financials 16.3.12.4 SWOT Analysis 16.3.13 WorkForce Software LLC 16.3.13.1 Company Overview 16.3.13.2 Product Portfolio

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