Workforce ManagementMarket Research
Report- Forecast till 2024
Market Highlights
Recognizing the kind of growth, the market is garnering
currently, Market Research Future (MRFR) in its recently published study
report, asserts that the global Workforce Managementmarket will reach USD 9 Bn.
by 2024, registering approximately 11 % CAGR from 2016 to 2024.
Impact of COVID-19
on Global Workforce ManagementMarket
The COVID-19 outbreak is causing widespread concern and
economic hardships for consumers and business communities across the globe. The
pandemic has affected the lives of the people in more than 119 countries
worldwide, including Italy, Iran, South Korea, France, Spain, Germany, the US,
Japan, Switzerland, Norway, the UK, and India. As the governments make
significant interventions in response to the pandemic, businesses are rapidly
adjusting to the changing needs of their employees, customers, and suppliers,
while navigating the financial and operational challenges. Throughout January
and February, a majority of the companies continued their business operations
on-premises. However, March saw the industry take rigorous action to promote
work from home, in sync with government advisories, to keep the working
personnel safe, thereby accelerating the adoption of the remote working
culture. The outbreak of the pandemic has caused a slowdown in the business,
which might lead to recession and reduced IT spending. Furthermore, it also
caused many of the businesses to close down their doors leading to an increase
in the national unemployment rate. According to the US Bureau of Labor and
Statistics, the increase in the unemployment rate during the COVID-19 pandemic is
the largest over-the-month increase in the rate since January 1975.
COVID-19 Analysis
Report @ https://www.marketresearchfuture.com/report/covid-19-impact-workforce-management-market
Segmentation:
The Workforce Managementmarket is segmented into five key
dynamics for the convenience of understanding;
By Deployment Type: On-premises and On-Cloud.
By Component: Solutions and Services among others.
By End-User: BFSI, Healthcare, Retail and eCommerce,
Manufacturing, Government, Telecommunications and IT, among others.
By Organization size: SMEs and Large Enterprises.
By Region: North
America, Europe, APAC and the Rest-of-the-World.
The subsegment – SMEs holds the largest market share by
Organization size, mainly due to its widened adoption of WFM solutions and
technological transition.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2388
Regional Analysis
The European region accounts for the leading market in the global Workforce
Management. The UK among other European countries, backed by the
deployment of cloud and the rapid adoption of workforce analytics, drives the
market growth in the region majorly.
Additionally, the factors such as the demand for WFM analytics from the
various sectors allow the market in the region to flourish. The resurging
economy in the region is undoubtedly contributing to the market growth
significantly, augmenting the uptake of this solution across the region.
The North American region accounts for the second-largest market for the
Workforce Management. The WFM analytics market in North America is expected to
create a substantial revenue pocket owing to the technological advancements
that are fostered by the presence of a well-established infrastructure in the
region that allows faster implementation of advanced technologies. Countries
such as the U.S. and Canada backed by the increasing technological advancements
and the uptake of WFM account for major contributors to the market growth in
the region.
On the other hand, Asia Pacific region is expected to witness a healthy
growth, emerging as the fastest growing market for the Workforce Managementanalytics.
Factors such as increasing urbanization & growing healthcare and eCommerce
sector coupled with the improving economy in the region foster the market
growth, increasing consumers’ purchasing power.
Key Players
The market leaders profiled in the MRFR analysis include
Oracle Corporation (US), IBM Corporation (US), SAP AG (Europe), Workforce
Software (US), KRONOS (US), ADP LLC (US), Infor Global Solution (India),
WORKDAY (US), and ClickSoftware (US).
Browse Complete Report @ https://www.marketresearchfuture.com/reports/workforce-management-market-2388
Workforce
ManagementMarket Research Report: by Component
(Solution- Time and Attendance Management, Absence Management, Workforce Scheduling, Workforce
Analytics, Performance Management,
Desktop And Process Analytics, Others, Services), Deployment Mode (On-Premise,
Cloud), Organization Size (Large Enterprises), Vertical (BFSI, IT &
Telecom, Energy & Utility, Manufacturing, Retail, Transportation & Logistics, Healthcare,
Government & Defense and others) by Region - Forecast till 2024
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.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment