Workforce management is a process that maximizes competency and
performance level for an organization. The processes comprises
activities required to sustain a productive workforce like human
resource management, field service management, data collection,
budgeting, forecasting, analytics and scheduling. Workforce
management is a combined set of processes that an organization uses
to optimize productivity of its employees on different levels. It
provides collective set of performance based software and tools to
support front line supervisors, corporate management, store managers,
and workers across distribution, manufacturing, retail and
transportation operations.
Obtain Report
Details @
The global workforce management market is primarily driven by the
increasing demand of cloud based solutions. With the rising cloud
based solutions, it has become easier to store data over the cloud
and download the data conveniently. Moreover, with the implementation
of this system, remote workforce solutions has been made easier.
Employees often need access to company information on different
devices, be it in home or office, which has become easier with the
cloud based solutions. Another important driving factor in this
market is the increasing penetration of smartphones and focus on
workforce optimization. Workforce optimization is possible through
different ways, some of them are time and attendance tracking,
performance monitoring, demand prediction, employee scheduling and
many others. Rise in demand of smartphones help these function to be
carried out with ease anytime and anywhere. Moreover, increasing
demand of automation is also bolstering the demand of workforce
management market across the world during the forecast period.
Automation is likely to help the workforce management by improving
accuracy, cutting down the labor costs and mobile access to workforce
management solutions.
Lack of awareness about the workforce management is one of the most
important factor restraining the growth of the global workforce
management market. Many organization especially small and medium are
not intended to implement the software solutions and follows the same
traditional methods. Due to the lack of awareness, they are unaware
of the benefits of implementing automated workforce management
solutions in an organization.
Increasing adoption of workforce management in the small and medium
sized organization is likely to be one of the most important
opportunities in the global market. Since these organizations are
unaware of the benefits of these solutions, it is highly expected to
grow in the coming couple of years. Leaning towards human resource
analytics is also an important opportunity in the global market.
Increasing competition, tight budgets are some of the factors that
would increase the demand of software solutions in order to maximize
the efficiency of the workforce.
Based on solutions, the global workforce management market is
segmented into Absence Management, Time and Attendance Management,
Workforce Analytics, Performance Management, Workforce Scheduling
among others. On the basis of deployment type, the market is
segmented into cloud and on premises. Moreover, on the basis of
organizational structure the bifurcations includes large
organizations and small/medium sized organizations. The end use
segregation comprises of banking and financial sectors, logistics,
consumer goods, healthcare and defense among others.
The geographical split of the market encompasses North America, Asia
Pacific, Europe, Middle East and Africa and Latin America. Europe is
expected to have the highest market revenue share during the forecast
period. Countries like Germany and U.K. are responsible for the major
growth in this market. Deployment of cloud solutions is an important
driver boosting the demand of this market in Europe.
Fill the form for
an exclusive sample of this report @
Some of the major players in the global workforce management market
are Atoss Software AG (Germany), Automatic Data Processing LLC
(U.S.), Huntington Business Systems (HBS), Inc. (New York),
International Business Machines Corporation (U.S.), Kronos,
Inc.(U.S.) , Oracle Corporation (U.S.), Reflexis Systems, Inc.(U.S.),
SAP SE (Germany), Ultimate Software Group, Inc.(U.S.), Verint
Systems, Inc.(U.S.), Workday, Inc.(U.S.) and Workforce Software, LLC
(U.S) among others.
About Us :
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
No comments:
Post a Comment