Workforce Management Market - Industry Trends and Forecast to 2028
Data Bridge Market
Research analyses that the workforce management market will exhibit a CAGR of
14.51% for the forecast period of 2021-2028. This signifies that the workforce
management market value will rise up to USD 24,689.4 million by the year 2028.
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Market Analysis and Insights of
Workforce Management Market
Increasing
demand and adoption of cloud-based platforms by small and
medium scale enterprises and increased focus towards implementing the workforce
management system by end users are the major factors attributable to the growth
of workforce management market.
Workforce
management is a concept that deals in maximizing the competency and performance level
for an organization. Workforce management is responsible for overseeing the
productivity of the employees and ensure that all the resources are efficiently
and effectively utilized at the right time and in the right place. Workforce
management also helps in forecasting, scheduling, intraday management, time
keeping and attendance.
The
increased adoption of advanced technologies such as artificial intelligence is
a key workforce management market growth driving factor. Rising demand for
internet of things by small and medium scale enterprises coupled with rising
emergence of remote workforce solutions will further aggravate the demand for
workforce management. Rising penetration of smartphones across the globe and
increased focus of the organizations on human resource analytics will create
more lucrative growth opportunities for the workforce management market.
Global Workforce Management Market
Scope and Market Size
The
workforce management market is segmented on the basis of component,
organizations, operating system, deployment model and end user. The growth
amongst the different segments helps you in attaining the knowledge related to
the different growth factors expected to be prevalent throughout the market and
formulate different strategies to help identify core application areas and the
difference in your target market.
·
On
the basis of component, the workforce management market is segmented into
solutions and services.
·
On
the basis of organizations, the workforce management market is segmented into
small and medium enterprises and large enterprise.
·
On
the basis of operating system, the workforce management market is segmented
into IOS, android, windows, Linux/Unix and others.
·
On
the basis of deployment model, the workforce management market is segmented
into on-premises and cloud.
·
On
the basis of end user, the workforce management market is segmented into
healthcare, energy and utilities solutions, transportation and logistics,
manufacturing, consumer goods and retail, telecom and IT, banking, financial
services, and insurance, defense and government, automotive and others.
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