Global Workforce Management Market Analysis: Driving Forces and Market Trends

1. Global Workforce Management Market Analysis: Driving Forces and Market Trends According to a recent report published by Allied Market Research, the workforce management market size was valued at $4,350 million in 2019, and is projected to reach $9,391 million by 2027, growing at a CAGR of 10.2% from 2020 to 2027. Workforce is the biggest asset of a business, where they play a critical role to perform day-to-day operations and offer biggest competitive advantage in the highly competitive market. Thus, many business leaders opt for workforce management solutions to help them optimize their workforce operations and schedule the task depending upon the task priority and skilled labor. This in turn is a factor that drives the workforce management market during the forecast period. Moreover, in this digital era, workforce mobile applications have gained high traction owing to their ability to track the employee location and gain task status instantaneously. Workforce management offers a wide range of solutions such as time and attendance management, task management, workforce scheduling, workforce analytics, budgeting and forecasting, and many others. Though the workforce management solution offers wide range of features, there are many advance/premium features that require extra cost. Thus, many companies opt for customized solutions package that includes features that are specific to their needs. This has created significant opportunity for workforce management market growth, owing to workforce customized solutions offerings. Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.alliedmarketresearch.com/request-sample/3068

2. The global workforce management market is anticipated to experience substantial growth in the forecast period, driven primarily by the increasing demand for workforce optimization and the prevalence of mobile-based workforce applications. The surge in the adoption of cloud-based workforce management solutions, particularly in response to the challenges posed by the ongoing COVID- 19 pandemic, is a significant contributing factor to market expansion. The need for organizations across various industry verticals to gain a competitive edge in terms of employee and customer engagement is also expected to propel market growth. Nevertheless, certain factors may impede the market's progress, such as a shortage of professionals skilled in supporting cloud-based workforce solutions and concerns related to data privacy and compliance. Despite these challenges, the market is poised to benefit from opportunities for revenue growth, including the adoption of AI-based workforce analytics solutions, the proliferation of workforce data sources, and the availability of a substantial volume of HR data. Overall, the market landscape is characterized by both challenges and promising avenues for growth for industry players. Inquiry Before Purchasing The report focuses on the growth prospects, restraints, and market analysis. The study provides Porter’s five forces analysis of the workforce management industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the market. Impact of Covid-19: Managing disruptions of productivity due to the COVID-19 outbreak is a major factor the drives the growth of the workforce management market in 2020. Many business leaders thrive in communicating information about contingency planning in a crisis, especially during a viral outbreak. This has created opportunities for adoption of workforce management solutions and services to help businesses to

3. protect their employees and organizational productivity. Workforce management is playing a crucial role in strengthening remote working capabilities and is creating a strategy for communicating factually and effectively with employees, customers, partners and other stakeholders. Hence, workforce management market is expected to witness growth in the COVID-19 impact with minimalistic disruptions that could be due to lack of infrastructure. North America dominated the workforce management market in 2019 owing to availability of compatible infrastructure in the region. Moreover, Asia-Pacific countries accounts for high number in workforce, thus, need to collaborate, communicate, and coordinate with high number of workforce is driving the growth of the market. On-going COVID-19 pandemic has compelled industries across the globe to opt for technological solutions that handle remote working and social distancing. This is also a factor to drive the market growth. Key Benefits For Stakeholders: •This study includes workforce management market trends, opportunity, analysis, and future estimations to determine the imminent investment pockets. •The report presents information related to key drivers, restraints, and opportunities of the global market. •The workforce management market share is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry. •Porter’s five forces analysis illustrates the potency of the buyers & suppliers in the market. Purchase Workforce Management Market Report Key Questions Answered in the Intelligent Study

4. •What is the market size and growth rate of the global and regional market by various segments? •What is the market size and growth rate of the market for selective countries? •Which region or sub-segment is expected to drive the market in the forecast period? •What Factors are estimated to drive and restrain the market growth? •What are the key technological and market trends shaping the market? •What are the key opportunities in the market? •What are the key companies operating in the market? •Which company accounted for the highest market share? Segmental Analysis: By End User •BFSI •Manufacturing •Healthcare •Government •Retail & E-Commerce •IT & Telecom •Education •Others By Enterprise size •Large Enterprises •SMES

5. By Components •Solution •Service By Region •North America (U.S., Canada) •Europe (Germany, UK, France, Rest of Europe) •Asia-Pacific (Japan, China, India, Rest of Asia-Pacific) •LAMEA (Latin America, Middle East, Africa) Major Market Players: •Infor •Kronos Incorporated •SAP SE •SumTotal Systems, LLC •IBM Corporation •Verint Systems Inc. •ADP, LLC •Workday, Inc. •WorkForce Software, LLC •Oracle Corporation Major players operating in this market have witnessed significant adoption of strategies such as business expansion and partnership to reduce supply–demand gap. With increase in remote working and lockdown initiatives across the globe, major players have collaborated their product portfolio to provide differentiated and innovative cloud-based workforce management products. About Us:

6. Allied Market Research (AMR) is a full-service market research and business- consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains. Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa 5933 NE Wi Toll-Free: 1-800-792-5285 UK: +44-845-528-1300n Sivers Drive #205, Portland, OR 97220 United States Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on: LinkedIn Twitter