Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Workforce management software is designed to plan, track, and manage labour resources. It provides a single place to collect, manage and enrich the workers information. Workforce management software includes several activities such as applicant tracking, on boarding, e-signature, data collection, biometrics and GPS technology, performance management and many others. It helps in scheduling and organizing the workforce effectively. The software helps the companies to utilize and optimize human capital efficiently and maximize performance level of the organization.
Increasing adoption of IoT and rise in mobile based workforce application drives the demand of workforce management software. It helps employers to take informed decisions by gaining the visibility on the employee performance metrics. The efficiently managed workforce has a direct impact on the overall performance of the organization. The pandemic situation and growing trend of virtual work further enhances the growth of workforce management software market globally.
The study analyses the global workforce management software market based on component, deployment type, organization size, vertical, and geography.
On the basis of component the workforce management software is segmented into solution and services.
The workforce management software market is bifurcated into cloud based and on premises based on deployment mode. The cloud based segment is the fastest growing segment as it gives unlimited storage space, quick deployment, easy back-up and restore. Moreover, features like mobility, flexibility and security drives the growth of cloud based segment in the workforce management software market.
On the basis of organizational size workforce management software market is segmented into large organizations and small & medium sized organizations.
Major end users of WMS covered in the study are BFSI, consumer goods, manufacturing, transportation and logistics, telecom & IT, and retail. Telecom and IT sector held the largest share in the growth of WMS software as it has the largest workforce compared to the other sectors.
The key competitors of the market include Oracle, SAP, Automatic Data Processing, WorkForce Software Group INC, Kronos Incorporated, Blue Yonder, Infor Group, Interactive Intelligence, Astea, Reflexis, VPI Corp, Skill Soft, Verint, Monet Software, JDA Software, and Replicon.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World. North America held the largest market share of the workforce management software market. Technological advancements drive the growth of the market in the region.
The study analyses the global workforce management software market based on component, deployment type, organization size, vertical, and geography. On the basis of component the workforce management software is segmented into solution and services. On the basis of organizational size workforce management software market is classified into large organizations and small & medium sized organizations. Major end users of WMS covered in the study are BFSI, consumer goods, manufacturing, transportation and logistics, telecom & IT, and retail. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World.
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