The workforce management software market is expected to grow by USD 1.59 billion, progressing at a CAGR of over 8% during the forecast period.
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Technavio has announced its latest market research report titled Global Workforce Management Software Market 2020-2024 (Graphic: Business Wire)
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Increased HR software budgets is one of the major factors propelling the market growth. However, factors such as the availability of open-source applications will hamper market growth.
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Workforce Management Software Market: Deployment Landscape
The workforce management software market growth by the cloud-based segment will be significant during the forecast period. This growth is due to the feature that enables cloud-based workforce management solutions to gather, store, and provide global information from a unified point of access.
Workforce Management Software Market: Geographic Landscape
Factors such as the improved penetration of social media and the rising demand for cost-effective HR solutions will significantly drive workforce management software market growth in this region over the forecast period. 44% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for workforce management software in North America. Market growth in this region will be slower than the growth of the market in APAC during the forecast period.
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Companies Covered:
- Automatic Data Processing Inc.
- Blue Yonder Group Inc.
- Ceridian HCM Holding Inc.
- Infor Inc.
- International Business Machines Corp.
- Kronos Inc.
- Oracle Corp.
- Sage Group Plc
- SAP SE
- Workday Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- Cloud-based – Market size and forecast 2019-2024
- On-premise – Market size and forecast 2019-2024
- Market opportunity by Deployment
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Automatic Data Processing Inc.
- Blue Yonder Group Inc.
- Ceridian HCM Holding Inc.
- Infor Inc.
- International Business Machines Corp.
- Kronos Inc.
- Oracle Corp.
- Sage Group Plc
- SAP SE
- Workday Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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