DUBLIN, Aug. 27, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Healthcare Workforce Management Systems (Talent Management, Time & Attendance, Scheduling, Optimization Services) Market - Forecast to 2019" report to their offering.
The global healthcare workforce management systems market is estimated to be worth $761.8million by the end of 2014 and is expected to reach $1,453.8 million by 2019, with a CAGR of 13.8% during the forecast period of 2014 to 2019. This market is mainly driven by technological advancements and the increasing need to curtail rising healthcare costs. Moreover, increasing demand of the healthcare professionals is also expected to contribute to the growth of the market. However, the market growth will be restrained, to an extent, due to factors such as high costs of software upgradation and maintenance and data privacy.
The global healthcare workforce management systems market is segmented based on solution, mode of delivery, end user, and geography. Based on solution, the workforce management market is classified into software and services market. The software market is divided into standalone software and integrated software. Standalone solution is further divided into time and attendance, scheduling, talent management, HR and payroll, analytics, and others.
The workforce management services market covers the implementation, support, optimization, and education/training services. In addition, based on end user, the market is divided into hospital, nursing homes, assisted living, and long term care centers, and other healthcare institutions. Furthermore, based on the mode of delivery, the market is classified into on-premises, web-based, and cloud-based. The market is further divided into four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). These regions are further analyzed at the country level. The research report discusses the key market drivers, restraints, and opportunities of the global market and its submarkets.
In 2014, the time and attendance software segment commands the largest share of the global workforce management systems market. The large share of the time and attendance can be attributed to its wide use in healthcare workforce management. The time and attendance software will continue to dominate this market by 2019, growing at a moderate CAGR during the forecast period. Furthermore, rising demand for healthcare professionals and implementation of stringent regulations are also expected to drive the growth of the market.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Global Healthcare Workforce Management Systems Market, By Product
6 Global Healthcare Workforce Management Systems Market, By Mode of Delivery
7 Global Healthcare Workforce Management Systems Market, By End User
8 Global Healthcare Workforce Management Systems Market, By Geography
9 Competitive Landscape
10 Company Profiles
- Automatic Data Processing, Inc.
- Cornerstone Ondemand, Inc.
- GE Healthcare (Api Healthcare)
- IBM Corporation
- Infor, Inc.
- Kronos, Inc.
- Mckesson Corporation
- Oracle Corporation
- SAP AG
- Workday, Inc.
For more information visit http://www.researchandmarkets.com/research/vdxjff/healthcare
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets