Workforce Management Market Application, type, Industries and Region Analysis by 2025
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<strong>Workforce</strong> <strong>Management</strong> <strong>Market</strong> <strong>Application</strong>, <strong>type</strong>, <strong>Industries</strong> <strong>and</strong><br />
<strong>Region</strong> <strong>Analysis</strong> <strong>by</strong> <strong>2025</strong><br />
“<strong>Workforce</strong> planning is the logical process to gauge <strong>and</strong> resolve<br />
the vacuum between workforce <strong>and</strong> human labor needs. It is thus<br />
a foundation to derive strategic decisions pertaining to human<br />
resources. Hence, a workforce management software<br />
supplements all the activities pertaining to human resource,<br />
organizational objectives <strong>and</strong> interrelated interaction.”<br />
The global <strong>Workforce</strong> <strong>Management</strong> <strong>Market</strong> is expected to gain a positive traction in the forecast period.<br />
<strong>Workforce</strong> planning is the logical process to gauge <strong>and</strong> resolve the vacuum between workforce <strong>and</strong> human labor<br />
needs. It is thus a foundation to derive strategic decisions pertaining to human resources. Hence, a workforce<br />
management software supplements all the activities pertaining to human resource, organizational objectives<br />
<strong>and</strong> interrelated interaction. <strong>Workforce</strong> management solution enables an organization to detect <strong>and</strong> rectify the<br />
problems that further ensure optimum use of existing resources.<br />
<strong>Workforce</strong> management market is driven <strong>by</strong> factors such as increase in modernization of work culture arising<br />
out of adoption of global trends <strong>and</strong> rise in use of digitization for designing work schedule. Increase in<br />
integration <strong>and</strong> interaction in daily operations is triggering technological <strong>and</strong> social advancements as well in<br />
companies across the globe.<br />
In addition, the shift in HR operations for administration <strong>and</strong> workforce planning is likely to contribute to the<br />
market growth in the forecast period. However, technical loopholes coupled with low awareness <strong>and</strong> dearth of<br />
technical competency negatively affects the workforce management industry.<br />
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Based on solution, the workforce management market includes workforce scheduling, embedded analytics,<br />
time & attendance management, task management, <strong>and</strong> assigned jobs. By deployment, the market includes onpremise<br />
<strong>and</strong> cloud. Cloud technology accounts for a higher growth during the forecast period due to increase in<br />
preference <strong>by</strong> companies.<br />
The company size segmentation for workforce management industry includes small & medium enterprise <strong>and</strong><br />
large enterprise. Large enterprise dominate the market segment due to substantial dem<strong>and</strong> for workforce<br />
management <strong>and</strong> task alignment. <strong>Application</strong> segment for workforce management market includes BFSI,<br />
government, healthcare, automotive & manufacturing <strong>and</strong> retail.<br />
Healthcare segment is expected to dominate the market in the forecast period due to enormous structure of<br />
healthcare infrastructure around the world. Patient pooling coupled with management of internal affairs is likely<br />
to foster the healthcare infrastructure with the influx of workforce management software.<br />
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Geographical segmentation for workforce management industry include North America, South America, Europe,<br />
Asia-Pacific, Middle East <strong>and</strong> Africa. North America dominates the market growth in the forecast period due to<br />
technological advances <strong>and</strong> increase in technological deployment projects on a large scale.<br />
Asia-Pacific’s market is expected to gain a significant rise during the forecast period due to increase in<br />
technological advances <strong>and</strong> availability of large population. Middle Eastern <strong>and</strong> African markets are expected to<br />
gain a positive traction in the forecast period.<br />
The key players in the workforce management industry include Ceridian HCM Holding Inc, Oracle Corporation,<br />
Active Ops Limited, Eg Solutions Inc, JDA Software Group Inc, Kronos Inc, Replicon Inc, SISQUAL, <strong>and</strong> Reflexis<br />
System Inc.<br />
<strong>Market</strong> Segment:<br />
Solution Scope (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• <strong>Workforce</strong> Scheduling<br />
• Time & Attendance <strong>Management</strong><br />
• Embedded Analytics<br />
• Absence <strong>Management</strong><br />
• Others
Deployment Scope (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Cloud<br />
• On-premise<br />
Company Size Scope (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Large Enterprises<br />
• Small <strong>and</strong> Medium Enterprises (SMEs)<br />
<strong>Application</strong> Scope (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Academia<br />
• Automotive & Manufacturing<br />
• BFSI<br />
• Government<br />
• Healthcare<br />
• Retail<br />
• Others<br />
<strong>Region</strong>al Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Europe<br />
• UK<br />
• Germany<br />
• Asia Pacific<br />
• China<br />
• India<br />
• Japan<br />
• Latin America<br />
• Brazil<br />
• Middle East & Africa (MEA)
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