Workforce Management Market by Component, Deployment Mode, Organization Size and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2027

Workforce management is a set of processes that help an organization to manage their engaged workforce efficiently. Workforce management software or applications include a set of features that vary depending upon the client requirements; some features include accurate timesheet process, hassle-free compliance, end-to-end accounting, timely auto-generated invoices, employee engagement solutions, financial tracking, and others. Many of the workforce management tools are used by companies to strategically optimize the productivity of employees, which helps them to ensure that all resources are used at maximum capacity and are in the right place at the right time.

Rise in demand for workforce optimization and mobile applications due to on-going COVID-19 pandemic is a major factor that drives the global workforce management market during the forecast period. Stringent policies such as stay at home and work from home been implemented in COVID-19, which has shifted the focus of businesses toward remote workforce management; thereby positively impacting market growth. Moreover, increase in adoption of cloud-based workforce management and necessity to achieve competitive advantage in terms of employee engagement among various industry verticals are among some of the major factors expected to boost the workforce management market growth in the near future. However, dearth of skilled professionals’ concerns associated with cloud-based workforce data privacy and compliance are factors that can hinder the workforce management market growth to a certain extent. On the contrary, AI-based workforce analytics solutions, increase in number of workforce data sources, availability of huge volume of HR (Human Resource) data, and increase in adoption of Blockchain & machine learning technologies with workforce management applications are factors expected to provide lucrative revenue growth opportunities for the players operating in the market.

The workforce management market is segmented on the basis of component, deployment, organization size, industry vertical, and region. On the basis of component, it is categorized into solution and service. On the basis of deployment, it is classified into on-premise and cloud. By organization size, it is bifurcated into large enterprises and small and medium enterprises (SMEs). Depending on industry vertical, it is divided into BFSI, manufacturing, healthcare, government, retail, IT & telecom, education, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The company profiles of workforce management market players included in this report are ADP, LLC, Infor, IBM Corporation, Kronos Incorporated, Oracle Corporation, SAP SE, SumTotal Systems, LLC, Verint Systems Inc., Workday, Inc., and WorkForce Software, LLC.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the current & future trends of the market to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the global workforce management market share are provided.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the workforce management industry.
The quantitative analysis of the market from 2019 to 2027 are provided to determine the market potential.

KEY MARKET SEGMENTS

By Component

Solution
Service

By Deployment Mode

On-Premise
Cloud

By Organization Size

Large Enterprises
Small & Medium Enterprises

By Industry Vertical

BFSI
Manufacturing
Healthcare
Government
Retail & E-Commerce
IT & Telecom
Education
Others

By Region

North America
U.S.
Canada
Europe
Germany
France
UK
Rest of Europe
Asia-Pacific
Japan
China
India
Rest of Asia-Pacific- LAMEA
Latin America
Middle East
Africa

KEY MARKET PLAYERS

ADP, LLC.
Infor
IBM Corporation
Kronos Incorporated
Oracle Corporation
SAP SE
SumTotal Systems, LLC.
Verint Systems Inc.
Workday, Inc.
WorkForce Software, LLC.

Chapter 1. Introduction

1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools & Models

Chapter 2. Executive Summary

2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective

Chapter 3. Market Overview

3.1. Market Definition and Scope
3.2. Porter’s Five Forces Analysis
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Rise in Demand for Workforce Optimization and Mobile Applications
3.4.1.2. Increase in Adoption of Cloud-Based Workforce Management
3.4.1.3. Necessity to Achieve Competitive Advantage
3.4.2. Restraints
3.4.2.1. Privacy and Security Concerns Related to Workforce Data Deployed on the Cloud
3.4.3. Opportunity
3.4.3.1. Integration of Advanced Technologies in Workforce Management
3.5. Impact Analysis: Covid-19 on Workforce Management Market
3.5.1. Impact on Market Size
3.5.2. Consumer Trends, Preferences, and Budget Impact
3.5.3. Regulatory Framework
3.5.4. Economic Impact
3.5.5. Key Player Strategies to Tackle Negative Impact
3.5.6. Opportunity Window (Due to Covid Outbreak)
3.6. Industry Roadmap/Market Evolution of Workforce Management Landscape

Chapter 4. Global Workforce Management Market, by Component

4.1. Overview
4.2. Solution
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Region
4.3. Service
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Region

Chapter 5. Global Workforce Management Market, by Deployment

5.1. Overview
5.2. On Premise
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Region
5.3. Cloud
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Region

Chapter 6. Workforce Management Market, by Organization Size

6.1. Overview
6.2. Large Enterprises
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Region
6.3. Smes
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis, by Region

Chapter 7. Global Workforce Management Market, by Industry Vertical

7.1. Overview
7.2. Bfsi
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Analysis, by Region
7.3. Manufacturing
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Analysis, by Region
7.4. Healthcare
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Region
7.4.3. Market Analysis, by Region
7.5. Government
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Region
7.5.3. Market Analysis, by Region
7.6. Retail
7.6.1. Key Market Trends, Growth Factors, and Opportunities
7.6.2. Market Size and Forecast, by Region
7.6.3. Market Analysis, by Region
7.7. It & Telecom
7.7.1. Key Market Trends, Growth Factors, and Opportunities
7.7.2. Market Size and Forecast, by Region
7.7.3. Market Analysis, by Region
7.8. Education
7.8.1. Key Market Trends, Growth Factors, and Opportunities
7.8.2. Market Size and Forecast, by Region
7.8.3. Market Analysis, by Region
7.9. Others
7.9.1. Key Market Trends, Growth Factors, and Opportunities
7.9.2. Market Size and Forecast, by Region
7.9.3. Market Analysis, by Region

Chapter 8. Workforce Management Market, by Region

8.1. Overview
8.2. North America
8.2.1. Key Market Trends, Growth Factors and Opportunities
8.2.2. Market Size and Forecast, by Component
8.2.3. Market Size and Forecast, by Deployment
8.2.4. Market Size and Forecast, by Organization Size
8.2.5. Market Size and Forecast, by Industry Vertical
8.2.6. Market Analysis, by Country
8.2.6.1. U.S.
8.2.6.1.1. Market Size and Forecast, by Component
8.2.6.1.2. Market Size and Forecast, by Deployment
8.2.6.1.3. Market Size and Forecast, by Organization Size
8.2.6.1.4. Market Size and Forecast, by Industry Vertical
8.2.6.2. Canada
8.2.6.2.1. Market Size and Forecast, by Component
8.2.6.2.2. Market Size and Forecast, by Deployment
8.2.6.2.3. Market Size and Forecast, by Organization Size
8.2.6.2.4. Market Size and Forecast, by Industry Vertical
8.3. Europe
8.3.1. Key Market Trends, Growth Factors and Opportunities
8.3.2. Market Size and Forecast, by Component
8.3.3. Market Size and Forecast, by Deployment
8.3.4. Market Size and Forecast, by Organization Size
8.3.5. Market Size and Forecast, by Industry Vertical
8.3.6. Market Analysis, by Country
8.3.6.1. UK
8.3.6.1.1. Market Size and Forecast, by Component
8.3.6.1.2. Market Size and Forecast, by Deployment
8.3.6.1.3. Market Size and Forecast, by Organization Size
8.3.6.1.4. Market Size and Forecast, by Industry Vertical
8.3.6.2. Germany
8.3.6.2.1. Market Size and Forecast, by Component
8.3.6.2.2. Market Size and Forecast, by Deployment
8.3.6.2.3. Market Size and Forecast, by Organization Size
8.3.6.2.4. Market Size and Forecast, by Industry Vertical
8.3.6.3. France
8.3.6.3.1. Market Size and Forecast, by Component
8.3.6.3.2. Market Size and Forecast, by Deployment
8.3.6.3.3. Market Size and Forecast, by Organization Size
8.3.6.3.4. Market Size and Forecast, by Industry Vertical
8.3.6.4. Italy
8.3.6.4.1. Market Size and Forecast, by Component
8.3.6.4.2. Market Size and Forecast, by Deployment
8.3.6.4.3. Market Size and Forecast, by Organization Size
8.3.6.4.4. Market Size and Forecast, by Industry Vertical
8.3.6.5. Spain
8.3.6.5.1. Market Size and Forecast, by Component
8.3.6.5.2. Market Size and Forecast, by Deployment
8.3.6.5.3. Market Size and Forecast, by Organization Size
8.3.6.5.4. Market Size and Forecast, by Industry Vertical
8.3.6.6. Russia
8.3.6.6.1. Market Size and Forecast, by Component
8.3.6.6.2. Market Size and Forecast, by Deployment
8.3.6.6.3. Market Size and Forecast, by Organization Size
8.3.6.6.4. Market Size and Forecast, by Industry Vertical
8.3.6.7. Rest of Europe
8.3.6.7.1. Market Size and Forecast, by Component
8.3.6.7.2. Market Size and Forecast, by Deployment
8.3.6.7.3. Market Size and Forecast, by Organization Size
8.3.6.7.4. Market Size and Forecast, by Industry Vertical
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors and Opportunities
8.4.2. Market Size and Forecast, by Component
8.4.3. Market Size and Forecast, by Deployment
8.4.4. Market Size and Forecast, by Organization Size
8.4.5. Market Size and Forecast, by Industry Vertical
8.4.6. Market Analysis, by Country
8.4.6.1. China
8.4.6.1.1. Market Size and Forecast, by Component
8.4.6.1.2. Market Size and Forecast, by Deployment
8.4.6.1.3. Market Size and Forecast, by Organization Size
8.4.6.1.4. Market Size and Forecast, by Industry Vertical
8.4.6.2. India
8.4.6.2.1. Market Size and Forecast, by Component
8.4.6.2.2. Market Size and Forecast, by Deployment
8.4.6.2.3. Market Size and Forecast, by Organization Size
8.4.6.2.4. Market Size and Forecast, by Industry Vertical
8.4.6.3. Japan
8.4.6.3.1. Market Size and Forecast, by Component
8.4.6.3.2. Market Size and Forecast, by Deployment
8.4.6.3.3. Market Size and Forecast, by Organization Size
8.4.6.3.4. Market Size and Forecast, by Industry Vertical
8.4.6.4. Australia
8.4.6.4.1. Market Size and Forecast, by Component
8.4.6.4.2. Market Size and Forecast, by Deployment
8.4.6.4.3. Market Size and Forecast, by Organization Size
8.4.6.4.4. Market Size and Forecast, by Industry Vertical
8.4.6.5. Singapore
8.4.6.5.1. Market Size and Forecast, by Component
8.4.6.5.2. Market Size and Forecast, by Deployment
8.4.6.5.3. Market Size and Forecast, by Organization Size
8.4.6.5.4. Market Size and Forecast, by Industry Vertical
8.4.6.6. South Korea
8.4.6.6.1. Market Size and Forecast, by Component
8.4.6.6.2. Market Size and Forecast, by Deployment
8.4.6.6.3. Market Size and Forecast, by Organization Size
8.4.6.6.4. Market Size and Forecast, by Industry Vertical
8.4.6.7. Rest of Asia-Pacific
8.4.6.7.1. Market Size and Forecast, by Component
8.4.6.7.2. Market Size and Forecast, by Deployment
8.4.6.7.3. Market Size and Forecast, by Organization Size
8.4.6.7.4. Market Size and Forecast, by Industry Vertical
8.5. Lamea
8.5.1. Key Market Trends, Growth Factors and Opportunities
8.5.2. Market Size and Forecast, by Component
8.5.3. Market Size and Forecast, by Deployment
8.5.4. Market Size and Forecast, by Organization Size
8.5.5. Market Size and Forecast, by Industry Vertical
8.5.6. Market Analysis, by Country
8.5.6.1. Latin America
8.5.6.1.1. Market Size and Forecast, by Component
8.5.6.1.2. Market Size and Forecast, by Deployment
8.5.6.1.3. Market Size and Forecast, by Organization Size
8.5.6.1.4. Market Size and Forecast, by Industry Vertical
8.5.6.2. Middle East
8.5.6.2.1. Market Size and Forecast, by Component
8.5.6.2.2. Market Size and Forecast, by Deployment
8.5.6.2.3. Market Size and Forecast, by Organization Size
8.5.6.2.4. Market Size and Forecast, by Industry Vertical
8.5.6.3. Africa
8.5.6.3.1. Market Size and Forecast, by Component
8.5.6.3.2. Market Size and Forecast, by Deployment
8.5.6.3.3. Market Size and Forecast, by Organization Size
8.5.6.3.4. Market Size and Forecast, by Industry Vertical

Chapter 9. Competitive Landscape

9.1. Key Player Positioning Analysis, 2019
9.2. Top Winning Strategies
9.3. Competitive Dashboard
9.4. Key Developments
9.4.1. New Product Launches
9.4.2. Product Development
9.4.3. Collaboration
9.4.4. Acquisition
9.4.5. Partnership
9.4.6. Business Expansion

Chapter 10. Company Profiles

10.1. Adp, LLC.
10.1.1. Company Overview
10.1.2. Key Executives
10.1.3. Company Snapshot
10.1.4. Operating Business Segments
10.1.5. Product Portfolio
10.1.6. Business Performance
10.1.7. Key Strategic Moves and Developments
10.2. Infor
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Operating Business Segments
10.2.5. Product Portfolio
10.2.6. R&D Expenditure
10.2.7. Business Performance
10.2.8. Key Strategic Moves and Developments
10.3. International Business Machines Corporation
10.3.1. Company Overview
10.3.2. Key Executives
10.3.3. Company Snapshot
10.3.4. Operating Business Segments
10.3.5. Product Portfolio
10.3.6. R&D Expenditure
10.3.7. Business Performance
10.3.8. Key Strategic Moves and Developments
10.4. Kronos Incorporated
10.4.1. Company Overview
10.4.2. Key Executives
10.4.3. Company Snapshot
10.4.4. Product Portfolio
10.4.5. Key Strategic Moves and Developments
10.5. Oracle Corporation
10.5.1. Company Overview
10.5.2. Key Executives
10.5.3. Company Snapshot
10.5.4. Operating Business Segments
10.5.5. Product Portfolio
10.5.6. R&D Expenditure
10.5.7. Business Performance
10.5.8. Key Strategic Moves and Developments
10.6. Sap Se
10.6.1. Company Overview
10.6.2. Key Executives
10.6.3. Company Snapshot
10.6.4. Operating Business Segments
10.6.5. Product Portfolio
10.6.6. R&D Expenditure
10.6.7. Business Performance
10.6.8. Key Strategic Moves and Developments
10.7. Sumtotal Systems, LLC
10.7.1. Company Overview
10.7.2. Key Executives
10.7.3. Company Snapshot
10.7.4. Product Portfolio
10.7.5. Key Strategic Moves and Developments
10.8. Verint Systems Inc.
10.8.1. Company Overview
10.8.2. Key Executives
10.8.3. Company Snapshot
10.8.4. Operating Business Segments
10.8.5. Product Portfolio
10.8.6. R&D Expenditure
10.8.7. Business Performance
10.8.8. Key Strategic Moves and Developments
10.9. Workday, Inc.
10.9.1. Company Overview
10.9.2. Key Executives
10.9.3. Company Snapshot
10.9.4. Product Portfolio
10.9.5. R&D Expenditure
10.9.6. Business Performance
10.9.7. Key Strategic Moves and Developments
10.10. Workforce Software, LLC.
10.10.1. Company Overview
10.10.2. Key Executives
10.10.3. Company Snapshot
10.10.4. Product Portfolio
10.10.5. Key Strategic Moves and Developments

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table of Contents

Methodology

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