DUBLIN, Dec. 10, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/whhqsb/workforce) has announced the addition of the "Workforce Management Market - Global Forecast to 2020" report to their offering.
The Global Workforce Management Market is Estimated to Grow from USD 4,880.3 Million in 2015 to USD 7,725.8 Million by 2020 at a CAGR of 9.6%
Increasing complexities at the workplace have necessitated the shift from traditional ways of workforce management to the computerized ways of handling workforce functions to attain higher efficiencies. Increasing competition has also demands for efficient business operations across every organizational domain, which can be achieved by managing the workforce that is ultimately responsible for every business activity within an organization.
Workforce management solutions are being implemented at a faster pace as they provide unparalleled insight into the entire organization and are managing the most important resource of an organization, that is, human resource. Workforce management software also keeps a track on all the legal compliances and frameworks related to workforce, such as local and state laws, age requirements, working hour laws, minimum leaves, and others.
The advantage offered by workforce management software has generated the interest of other small players to invest in it for organizational efficiency. Initially, budgets constraints made its adoption difficult for SMBs; however, the cost-effective features of the Software-as-a-Service (SaaS) platform have increased its popularity among smaller organizations as well.
Among various workforce management market solutions, the talent management solution is gaining high popularity as it helps in scouting, identifying, and acquiring newer talents from the talent pools as well as management, and retaining the existing talent quotient in the companies. HR analytics is another solution that is rapidly gaining momentum owing to its capability to address big data, which is increasing at a rapid pace.
Increasing consumerization of workforce, usage of mobile applications, changing workforce dynamics, and availability of SaaS workforce management solutions are the major factors driving the growth of workforce management solutions in across organizations of all sizes. Workforce management solutions, integrated with Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM), are helping organizations analyze employee data and take strategic decisions based on their performance, attendance, working hours, learning, and other employee attributes.
Moreover, the sudden growth in mobile devices and applications has also contributed to the growth of workforce management. Mobile workforce is leveraging the benefits of mobile apps, which are easily accessible anytime and anywhere; therefore, the demand for mobile workforce management is very high and is expected to surpass the demand for web-based WFM in the years to come.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Workforce Management Market Analysis, By Solution
8 Workforce Management Market Analysis, By Service
9 WFM Market Analysis, By Deployment Type
10 Workforce Management Market Analysis, By Organization Size
11 WFM Market Analysis, By Vertical
12 Geographic Analysis
13 Competitive Landscape Ny Profile
14 Company Profiles
- Atoss Software AG
- Automatic Data Processing (ADP), LLC.
- Clicksoftware Technologies Ltd.
- Crown Workforce Management System
- IBM Corporation
- Infor Global Solutions
- Nice Systems Inc.
- Oracle Corporation
- Reflexis System Inc.
- SAP AG
- Workforce Software
For more information visit http://www.researchandmarkets.com/research/whhqsb/workforce
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SOURCE Research and Markets