About Attendance Systems Management
Managing attendance systems is an important aspect of supervision in nearly every organization. The solution helps track employees and their presence within the organization. By monitoring attendance, organizations can understand the behavior of employees, such as their arrival and departure times, vacation and sick days, and leaves of absence.
Attendance systems management also helps carry out safety procedures required for counting present employees in the event of an emergency. It also helps maintain regular employee presence, leading to higher profits and productivity.
Technavio’s analysts forecast the global attendance systems management market to grow at a CAGR of 9.84% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global attendance systems management market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales of attendance systems solutions, including software, integrated solutions, and services.
The market is divided into the following segments based on technologies:
Technavio Announces the Publication of its Research Report – Global Attendance Systems Management Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Attendance Systems Management Market: ADP, Kronos, Reflexis Systems and SAP.
Other Prominent Vendors in the market are: Acumen Data Systems, Allegion, Biometric Time Clock Systems, Bullhorn, Cognitec Systems, eSSL Security, ePortID, FingerCheck, Fujitsu, Herta Security, Infinisource, NETtime Solutions, TimeLabs, Trac-Tech and Tyco.
Commenting on the report, an analyst from Technavio’s team said: “Multimodal biometrics includes the combination of two or more biometric technologies to identify and verify individuals. In some situations, one form of biometric identification does not provide an accurate match when determining the identity of an individual. Multimodal biometrics provides a higher level of accuracy, as it identifies an individual using two or more biometric technologies such as a combination of fingerprint, iris, and voice pattern for secure authentication.”
According to the report, employee productivity is one of the key areas of concern in any organization. A lack of productivity among different departments poses a number of challenges for product manufacturers and all of the supply chain processes. These solutions provides distribution managers with a superior level of tracking and control, including effective workforce planning and scheduling capabilities that ensure maximum economic benefits.
Further, the report states that despite the fact that fingerprint recognition biometrics in attendance systems is considered to be one of the most secure technologies to gain access into secure premises, it is vulnerable to a number of security issues.
ADP, Kronos, Reflexis Systems, SAP, Acumen Data Systems, Allegion, Biometric Time Clock Systems, Bullhorn, Cognitec Systems, eSSL Security, ePortID, FingerCheck, Fujitsu, Herta Security, Infinisource, NETtime Solutions, TimeLabs, Trac-Tech, Tyco.