Market Overview:
The global absence management services and system market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for employee self-service software, HR management software, and by application (enterprise, hospital, government, school, others). Additionally, the growing awareness about the benefits of using absence management systems is also contributing to the growth of this market. However, lack of standardization and interoperability among different vendors’ products are some factors that may restrain the growth of this market during the forecast period. On basis on type: Employee self-service software segment is projected to grow at highest CAGR during forecast period due high adoption rate in enterprises across globe HR Management Software segment held largest share in 2017 and expected to maintain its dominance over next 10 years owing rising demand for such solutions from small & medium businesses as well as large enterprises across world .
Product Definition:
Absence Management Services and System is a web-based solution that enables organizations to manage employee absences by tracking time off, managing leave requests, and automating notification processes. The system also allows employers to monitor staff productivity levels and identify potential staffing shortages.
Employee self-service software:
Employee self-service software is a web-based application designed to help organizations manage their employee absence and time & attendance management system. It provides an easy way for employees to access their personal data such as leaves, absences, and timesheet information without going through the human resources department. The software also helps employers comply with various government regulations such as the Family and Medical Leave Act (FMLA) in the U.S.
HR management software:
HR management software is used in absence management services and system. It helps to maintain employee absence data, time & attendance, leave requests and approvals, etc. The global HR management software market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The enterprise application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030. Absence management services and systems are being adopted by enterprises as they offer cost-effective solutions, improved employee productivity, enhanced communication & collaboration, real-time employee data insights across departments and increased control over time off. The growing adoption of these solutions by large organizations to manage their employees' absence is expected to drive the market growth.
Absence management software has become essential for small businesses as well owing to its ability provide real-time tracking of employees' time off requests including vacation, sick leave or personal days. This allows small business owners or HR managers access details regarding each absence such as duration & reason for absences directly from their desktop without having go through multiple departmental files.
Regional Analysis:
North America accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The presence of a large number of global players, increased adoption of technology by enterprises and government organizations, and high awareness levels regarding employee absence management are some factors contributing to this growth.
Asia Pacific is anticipated to be the fastest-growing region during the forecast period owing to increasing demand from small & medium enterprises as well as hospitals in countries such as China, India, Singapore, Thailand among others. In addition growing penetration rates for ABSence Management Services And System with online Absentee Management Systems (AMS) are also driving regional growth.
Growth Factors:
- Increased focus on employee productivity and engagement: Organizations are realizing the importance of having a robust absence management system in place to help manage employee absences and ensure that operations continue smoothly. This is driving demand for Absence Management Services and Systems.
- Rising number of workplace accidents: The number of workplace accidents is increasing, which is leading to an increase in the need for Absence Management Services and Systems.
- Growing awareness about disability benefits: There is growing awareness about disability benefits among employees, which is driving demand for Absence Management Services and Systems.
- Increasing adoption of cloud-based solutions: The adoption of cloud-based solutions for managing employee absences is increasing, which is contributing to the growth of the market for Absence Management Services and Systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Absence Management Services and System Market Research Report
By Type
Employee self-service software, HR management software
By Application
Enterprise, Hospital, Government, School, Others
By Companies
Leaveboard, Activ Absence, Leavetrack, Workforce Software, Breathe HR, Kronos, E-Days, Myhrtoolkit, Addtime, Leaveplanner, Cezanne, Capita SIMS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Absence Management Services and System Market Report Segments:
The global Absence Management Services and System market is segmented on the basis of:
Types
Employee self-service software, HR management software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Enterprise, Hospital, Government, School, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Leaveboard
- Activ Absence
- Leavetrack
- Workforce Software
- Breathe HR
- Kronos
- E-Days
- Myhrtoolkit
- Addtime
- Leaveplanner
- Cezanne
- Capita SIMS
Highlights of The Absence Management Services and System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Employee self-service software
- HR management software
- By Application:
- Enterprise
- Hospital
- Government
- School
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Absence Management Services and System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Absence management services and system is a software that helps organizations manage employee absences. It can automate the process of tracking employee absences, issuing leave requests, and communicating with employees about their absence.
Some of the key players operating in the absence management services and system market are Leaveboard, Activ Absence, Leavetrack, Workforce Software, Breathe HR, Kronos, E-Days, Myhrtoolkit, Addtime, Leaveplanner, Cezanne, Capita SIMS.
The absence management services and system market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Absence Management Services and System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Absence Management Services and System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Absence Management Services and System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Absence Management Services and System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Absence Management Services and System Market Size & Forecast, 2018-2028
4.5.1 Absence Management Services and System Market Size and Y-o-Y Growth
4.5.2 Absence Management Services and System Market Absolute $ Opportunity
Chapter 5 Global Absence Management Services and System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Absence Management Services and System Market Size Forecast by Type
5.2.1 Employee self-service software
5.2.2 HR management software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Absence Management Services and System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Absence Management Services and System Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 Hospital
6.2.3 Government
6.2.4 School
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Absence Management Services and System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Absence Management Services and System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Absence Management Services and System Analysis and Forecast
9.1 Introduction
9.2 North America Absence Management Services and System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Absence Management Services and System Market Size Forecast by Type
9.6.1 Employee self-service software
9.6.2 HR management software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Absence Management Services and System Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 Hospital
9.10.3 Government
9.10.4 School
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Absence Management Services and System Analysis and Forecast
10.1 Introduction
10.2 Europe Absence Management Services and System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Absence Management Services and System Market Size Forecast by Type
10.6.1 Employee self-service software
10.6.2 HR management software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Absence Management Services and System Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 Hospital
10.10.3 Government
10.10.4 School
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Absence Management Services and System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Absence Management Services and System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Absence Management Services and System Market Size Forecast by Type
11.6.1 Employee self-service software
11.6.2 HR management software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Absence Management Services and System Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 Hospital
11.10.3 Government
11.10.4 School
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Absence Management Services and System Analysis and Forecast
12.1 Introduction
12.2 Latin America Absence Management Services and System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Absence Management Services and System Market Size Forecast by Type
12.6.1 Employee self-service software
12.6.2 HR management software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Absence Management Services and System Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 Hospital
12.10.3 Government
12.10.4 School
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Absence Management Services and System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Absence Management Services and System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Absence Management Services and System Market Size Forecast by Type
13.6.1 Employee self-service software
13.6.2 HR management software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Absence Management Services and System Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 Hospital
13.10.3 Government
13.10.4 School
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Absence Management Services and System Market: Competitive Dashboard
14.2 Global Absence Management Services and System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Leaveboard
14.3.2 Activ Absence
14.3.3 Leavetrack
14.3.4 Workforce Software
14.3.5 Breathe HR
14.3.6 Kronos
14.3.7 E-Days
14.3.8 Myhrtoolkit
14.3.9 Addtime
14.3.10 Leaveplanner
14.3.11 Cezanne
14.3.12 Capita SIMS
