Workforce Management Market Research and Forecast Report 2023-2028

1. Global Workforce Management Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Workforce Management Market Research Report: The latest report by IMARC, titled “Workforce Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global workforce management market reached a value of US$ 5.5 Billion in 2022. Workforce management (WFM) refers to an integrated set of processes that are employed by an organization to monitor and centralize the data for human resource utilization. It is also used to strategically optimize the productivity of the employees by tracking the work efficiency of front-line supervisors, corporate management, managers and workers on a regular basis. It comprises a collection of performance-based software and tools that are widely used for scheduling, forecasting, skills management, intraday management, timekeeping and attendance, and employee empowerment. WFM also assists in forecasting the labor requirements and drawing staff schedules for a particular task. As a result, it is widely being utilized across numerous industry verticals, including retail, information technology (IT), medical, defense and government, for enhancing the overall workforce efficiency. Request market/requestsample Free Sample Report: https://www.imarcgroup.com/workforce-management-

4. Report Description and Highlights Report Description Global Workforce Management Market Trends: The market is primarily driven by the widespread adoption of the remote working model across the corporate sector. This is being facilitated by the increasing adoption of cloud-based solutions in the majority of organizations on the global level. This has impelled companies to utilize WFM solutions for attendance and leave management, along with labor scheduling and budgeting, and workforce analytics. WFM also assists enterprises by streamlining their tasks, ensuring proper management of time and avoiding the chances of task duplication. Along with this, the escalating need for social distancing on the global level on account of the rapid outbreak of the coronavirus disease (COVID-19) has increased the number of remote workers across organizations, thereby providing a thrust to the market growth. The market is further driven by the increasing penetration of smartphones and the rise in the Bring-Your-Own- Devices (BYOD) trend across numerous industries. This has significantly increased the deployment of WFM for tracking the progress of tasks assigned to the employees. Some of the other factors contributing to the market growth include the increasing automation across various industries and the significant developments in the IT sector. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 10.5% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Breakup by Solution: • Absence Management • Performance Management • Workforce Scheduling • Time and Attendance Management • Workforce Analytics • Others Breakup by Service: • Implementation Services • Support and Maintenance Services • Training and Education Services Breakup by Deployment Type: • Cloud-based • On-premises Breakup by Organization Size:

6. Report Description and Highlights Report Description • Small and Medium-sized Enterprises (SMEs) • Large Enterprises Breakup by Vertical: • Government and Defense • Banking, Financial Services, and Insurance (BFSI) • Healthcare • Transportation and Logistics • Telecom and IT • Consumer Goods and Retail • Manufacturing • Energy and Utilities • Others Breakup by Region: • North America • United States • Canada • Asia Pacific • China

7. Report Description and Highlights Report Description • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • ADP Atoss Software AG HotSchedules Inc. Huntington Business Systems IBM Kronos Inc. Oracle Corporation Reflexis Systems SAP SE Ultimate Software Group Inc. Verint Systems Workday Inc. and WorkForce Software LLC View Full Report with TOC & List of Figure: https://www.imarcgroup.com/workforce-management- market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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