Workforce Management Market to Rise at 9.6% CAGR to 2020

Nov 30, 2015, 07:30 ET from ReportsnReports

PUNE, India, November 30, 2015 /PRNewswire/ --

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 Compound Annual Growth Rate (CAGR) of 9.6%. The market in North America is expected to have the largest market size; however, the emerging economies in the APAC region are expected to have immense growth.

Complete report on workforce management market spread across 152 pages, profiling more than 10 companies and supported with 71 tables and 56 figures is now available at .

Increasing competition and globalization has revolutionized the traditional form of workforce management to Human Resource Information System (HRIS), HR analytics and cloud solutions. One of the primary reasons behind the adoption of IT-based workforce management solutions is the requirement for optimal utilization of resources and organizational assets. These solutions help organizations bring transparency into HR operations and processes and hence improve their decision making abilities by understanding the role of human capital in the organization. There are several players with a wide range of offerings present in the workforce management market. Cloud solution and mobile applications penetration in the market are the major factors driving the workforce management market.

Major industry verticals with high technological growth are BFSI, manufacturing, healthcare, and retail. Increasing globalization and mobility has significantly increased the demand for workforce management solutions for better scheduling, engaging, and satisfying workforce. The adoption in these verticals is very high as organizations want to retain better employees and manage their business cost with better HR processes to keep their employee satisfaction high. New databases technologies enable real-time cross functional data sharing abilities for transparency in the HR processes.

The research report for workforce management market analyzes key opportunities in the market space and provides critical market data in terms of revenue opportunity and regional adoption trends. The report also highlights major drivers, challenges, and current and future expected market trends in the IT-based workforce management market space.

Some key players in workforce management market include Atoss Software AG, Infor Global Solutions, Kronos, IBM Corporation, Oracle Corporation, SAP AG, Workforce Software, Clicksoftware Technologies Ltd., Automatic Data Processing (ADP), LLC., Workday. Some the key innovators are also profiled in this research report such include Peoplefluent, Reflexis System Inc., Nice Systems Inc., Crown Workforce Management System. Order a copy of Workforce Management Market by Solution (Time and Attendance, Compensation Management, Learning Management, Talent Management, Workforce Analytics, Workforce Scheduling), by Service, by Deployment, by Org Size, by Vertical, by Region - Global Forecast to 2020 research report at .

There are various assumptions that have been taken into consideration for the workforce management market sizing and forecasting exercise. A few of the global assumptions include political, social, technological, and economic factors. The dollar fluctuations are expected to not seriously affect the forecast in the emerging regions. The report also helps in understanding the overall growth of the workforce management market. It provides information on key market drivers, restraints, challenges, and opportunities.

Continuing with the related market, another research on Event Management Software Market Global Forecast to 2020, says the global EMS market to grow from USD 5.44 billion in 2015 to USD 9.28 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 11.3%. Analytics software is one of the fastest-growing software in the EMS market. Companies like Cvent, Active Networks, Xing Events, Ungerboeck, etouches, DEA, Certain, Inc., Lanyon and Zerista and other key innovators are also profiled in this 140 pages research available at .

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