Wilmington, May 12, 2021: Axiom Market Research & Consulting™ added a report on global workforce management software market which includes study on component, deployment type, organization size, and verticals across various countries of key regions across the globe. The global workforce management software market was projected to grow at a CAGR of 12.34% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the workforce management software market.
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The study analyses the global workforce management software market based on component, deployment type, organization size, end-users, and geography. On the basis of component the workforce management software is segmented into solutions and services. Deployment of workforce management software is done on cloud or on-premises. On the basis of organizational size workforce management software market is segmented into large organizations and small sized organizations. Major end users of WMS covered in the study are government and defense, BFSI, healthcare, transportation and logistics, telecom, IT, retail, and manufacturing.
The key competitors of this market include Oracle, SAP, Automatic Data Processing, Automatic Data Processing, WorkForce Software Group INC, Kronos Incorporated, and Blue Yonder, and Infor Group.
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Workforce Management Software Market Regional Trends
North America held the largest market share of the workforce management software market and is likely to dominate the market over the estimated time frame. Advancements in technology, increasing adoption of IoT and mobile based application in the growing countries of North America drives the growth of workforce management software market in the region.
Workforce Management Software Market Segmental Highlights
- The cloud based deployment segment contributes the largest share in the growth of workforce management software market as it gives unlimited storage space, quick deployment, and easy backup and restore.
- Large enterprises are expected to contribute the largest share in the growth of workforce management software. The demand of workforce management software is seen majorly in large enterprises as they are connected with large amount of workforce and they are more flexible to adopt the new technologies.
- IT and Telecom sector is the major dominating segment for the workforce management software market owing to growing number of IT companies and the large amount of workforce which is connected to the sector. To efficiently manage workforce and enhance productivity the demand for workforce management is growing in the IT and telecom sector.
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Research Objectives of Workforce Management Software Market Report:
- Analysing the outlook of the market with the recent trends and Porter’s five forces analysis.
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
- Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
- Country-level analysis, integrating the demand and supply forces that are influencing the growth of the workforce management software Market.
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
- Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players
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