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Global Workforce Management Software Market 2017-2021

Global Workforce Management Software Market 2017-2021

About Workforce Management Software

Workforce management is a set of processes that helps organizations to optimize the productivity of its employees on individual, departmental, and enterprise-wide levels. Workforce management matches employee skills to tasks and helps to estimate the number and type of workforce required to finish tasks on a daily or hourly basis. Workforce management software automates processes such as employee scheduling, time tracking, and attendance tracking. The software helps enterprises to streamline processes, enabling managers to spend more time to ensure that their operations run efficiently. Overstaffing or understaffing at any level can reduce the organization's profitability, overall productivity, frustrate its employees, and upset its clients and customers.

Technavio’s analysts forecast the global workforce management software market to grow at a CAGR of 8.49% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global workforce management software market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Workforce Management Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ADP
  • Ceridian HCM
  • Kronos
  • Oracle
  • SAP
  • Ultimate Software
Other prominent vendors
  • Ascentis
  • ATOSS Software
  • BambooHR
  • HR Bakery
  • iCIMS
  • Infor
  • JDA Software Group
  • NICE
  • PeopleFluent
  • Performly
  • Reflexis Systems
  • The Sage Group
  • Workday
  • Zoho Corporation
Market driver
  • Need for management of workforce diversity.
  • For a full, detailed list, view our report
Market challenge
  • High implementation and maintenance price.
  • For a full, detailed list, view our report
Market trend
  • Increasing popularity of advanced workforce analytics.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Workforce Management Software Market 2017-2021

Technavio recognizes the following companies as the key players in the global workforce management software market: ADP, Ceridian HCM, Kronos, Oracle, SAP, and Ultimate Software.

Other Prominent Vendors in the market are: Ascentis, ATOSS Software, BambooHR, HR Bakery, iCIMS, Infor, JDA Software Group, NICE, PeopleFluent, Performly, Reflexis Systems, The Sage Group, Workday, and Zoho Corporation.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is surging usage of social media. The widespread use of social media in the human resource management (HRM) industry is increasing business opportunities for the vendors. Job sharing via social media networks is contributing to the growth of the market. The social media boom resulted in companies altering their policies on the Internet usage, sales and marketing, recruitment, and employee retention to include the insights obtained.”

According to the report, one driver in market is increased HR software budgets. There is a significant increase in HR spending on technology in organizations of all verticals. It is because the labor market is continuing to grow and companies are shifting their focus toward recruitment, engagement, retention, and employee development. Businesses are finding it hard to recruit, retain, engage, and develop their people. These pressures on HR have forced organizations to invest in talent solutions. The HR teams that are well funded and closely aligned with their business leaders have delivered far greater value to the business with respect to the global economy and economic drivers across the world.

Further, the report states that one challenges in market is threat from open-source software. A number of organizations have developed open-source software solutions that are available to end-users free of cost. Open-source solutions enable users to make changes to the software as per their requirements. Therefore, organizations that have a low budget for workforce management software solutions prefer open-source software. This reduces the demand for paid workforce management software solutions. Certain workforce management software developers are offering their solutions for free to small businesses with certain restrictions. These open-source and free software are likely to adversely affect the sales of workforce management software and hinder its market growth.

Companies Mentioned

ADP, Ceridian HCM, Kronos, Oracle, SAP, Ultimate Software, Ascentis, ATOSS Software, BambooHR, HR Bakery, iCIMS, Infor, JDA Software Group, NICE, PeopleFluent, Performly, Reflexis Systems, The Sage Group, Workday, and Zoho Corporation.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of global workforce management software market
    • Market size and forecast
      • Table Global workforce management software market 2016-2021 ($ million)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by deployment model
    • Global workforce management software market by deployment type
      • Table Global workforce management software market by deployment type 2016 and 2021 (% share)
      • Table Global cloud-based workforce management software market 2016-2021 ($ million)
      • Table Global on-premises workforce management software market 2016-2021 ($ million)
      • Table Comparison of cloud-based and on-premises workforce management software
  • Geographical segmentation
    • Global workforce management software by geography
      • Table Global workforce management software market by geographical segmentation 2016 and 2021 (% share)
      • Table Global workforce management software market by geographical segmentation 2016-2021 ($ million)
    • Americas
      • Table Workforce management software market in Americas 2016-2021 ($ million)
    • EMEA
      • Table Workforce management software market in EMEA 2016-2021 ($ million)
    • APAC
      • Table Workforce management software market in APAC 2016-2021 ($ million)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Surging usage of social media
    • Increasing popularity of advanced workforce analytics
      • Table Key drivers of workforce analytics
      • Table Advantages of workforce analytics
    • Rising adoption of digital HR technology
  • Buying criteria
    • Table Buying criteria for workforce management software
  • Vendor landscape
    • Competitive scenario
  • Key vendor analysis
    • Key vendor offerings
      • Table Key vendor offerings
    • Key vendor profiles
      • Table ADP: Key products and features
      • Table Ceridian HCM: Products and its features
      • Table Kronos: Products and its features
      • Table Oracle: Key product and its features
      • Table SAP: Key products and features
      • Table Ultimate Software: Key products and features
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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