Market Overview:
The global absence management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing adoption of cloud-based and on-premises absence management software by SMEs and large enterprises, respectively. North America is expected to lead the global absence management software market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Absence Management Software is a type of software that helps organizations manage employee absences. This can include tracking sick days, vacation days, and other types of absences. The software can also help to automate the process of requesting time off and approving or denying requests. This can be helpful in ensuring that employees are taking the appropriate amount of time off and that deadlines for returning from leave are met.
Cloud-based:
Cloud-based absence management software is a web-based application that helps in managing absence data of an organization. It provides real-time information and updates regarding employee absences to the concerned authorities, managers, and employees of the organizations. The software also enables organizations to create customized reports as per their requirements.
On-premises:
On-premises is a term used for software and hardware installed at the organization's headquarters. The on-premises absence management software is used to track employee absences, which helps in maintaining the organizational database of employees and also provides an accurate picture of employee health. On-premise absence management solutions are preferred by organizations that need to protect their intellectual property or sensitive information as these solutions do not store any information on cloud servers.
Application Insights:
The small and medium-sized enterprises (SMEs) application segment accounted for the largest revenue share of over 60% in 2017. Theabsence management software solutions are widely adopted by SMEs as these solutions offer cost-effective and easy-to-useabsence management solution with a variety of functionalities that help businesses manage employee absence.
Absence Management Systems (AMS) provide real time tracking, reporting, and analytics to enhance communication between employees, managers, customers & partners about absence data. These systems also enable organizations to create customized reports based on specific business requirements which can be effectively used to improve workforce productivity. Furthermore, these systems ensure compliance with various federal regulations such as Americans With Disabilities Act (ADA), Equal Employment Opportunity Commission (EEOC), Health Insurance Portability And Accountability Act (HIPAA), Sarbanes Oxley Act etc.
Regional Analysis:
North America accounted for the largest market share in 2017. The presence of a large number of absence management software providers and high adoption rate of advanced technologies are some factors driving the regional market growth. Furthermore, increasing demand for time-off policies in order to reduce workplace stress is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to an increase in government initiatives and awareness programs regarding ABSence Management Software (AMS). For instance, In India, The National Health Mission 2015 envisages providing access to basic health care services including immunization, diagnosis & treatment of chronic diseases through primary healthcare centers at district level hospital offices calledâ€Health Centersâ€and at community health posts calledâ€Primary Health Centersâ€(PHCs).
Growth Factors:
- Increasing demand for Absence Management Software from small and medium-sized businesses (SMBs) due to the growing awareness of the benefits of using such software.
- The increasing trend of BYOD (Bring Your Own Device) in organizations, which is driving the demand for Absence Management Software as it helps manage employee absences more effectively.
- The growing number of workplace accidents and illnesses, which is leading organizations to adopt Absence Management Software in order to reduce their losses and protect their employees’ safety.
- The increasing focus on workforce productivity by organizations, which is resulting in an increased demand forAbsence Management Software that can help improve employee productivity levels.
- The rising popularity of cloud-based solutions among businesses, which is helping fuel the growth of theAbsence Management Software market as these solutions offer a host of benefits over traditional on-premises solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Absence Management Software Market Research Report
By Type
Cloud-based, On-premises
By Application
SMEs, Large Enterprises
By Companies
Kronos, Ultimate Software, Oracle, Zoho, ADP, Replicon, WorkForce Software, Presagia, Payworks, Raet, LeaveBoard, AbsenceSoft, Activ Absence, Capterra, BotMyWork, WhosOffice, Personio
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
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Absence Management Software Market Report Segments:
The global Absence Management Software market is segmented on the basis of:
Types
Cloud-based, On-premises
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
SMEs, Large Enterprises
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:
- Kronos
- Ultimate Software
- Oracle
- Zoho
- ADP
- Replicon
- WorkForce Software
- Presagia
- Payworks
- Raet
- LeaveBoard
- AbsenceSoft
- Activ Absence
- Capterra
- BotMyWork
- WhosOffice
- Personio
Highlights of The Absence Management Software 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:
- Cloud-based
- On-premises
- By Application:
- SMEs
- Large Enterprises
- 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 Software 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 software is a computer program that helps employers manage employee absences. The software can track employees' absences, calculate fines and penalties, and send notifications to employees' supervisors.
Some of the major companies in the absence management software market are Kronos, Ultimate Software, Oracle, Zoho, ADP, Replicon, WorkForce Software, Presagia, Payworks, Raet, LeaveBoard, AbsenceSoft, Activ Absence, Capterra, BotMyWork, WhosOffice, Personio.
The absence management software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Absence Management Software 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 Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Absence Management Software 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 Software 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 Software Market Size & Forecast, 2018-2028
4.5.1 Absence Management Software Market Size and Y-o-Y Growth
4.5.2 Absence Management Software Market Absolute $ Opportunity
Chapter 5 Global Absence Management Software 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 Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Absence Management Software 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 Software Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Absence Management Software 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 Software 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 Software Analysis and Forecast
9.1 Introduction
9.2 North America Absence Management Software 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 Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
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 Software Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
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 Software Analysis and Forecast
10.1 Introduction
10.2 Europe Absence Management Software 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 Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
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 Software Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
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 Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Absence Management Software 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 Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
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 Software Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
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 Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Absence Management Software 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 Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
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 Software Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
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 Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Absence Management Software 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 Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
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 Software Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
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 Software Market: Competitive Dashboard
14.2 Global Absence Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kronos
14.3.2 Ultimate Software
14.3.3 Oracle
14.3.4 Zoho
14.3.5 ADP
14.3.6 Replicon
14.3.7 WorkForce Software
14.3.8 Presagia
14.3.9 Payworks
14.3.10 Raet
14.3.11 LeaveBoard
14.3.12 AbsenceSoft
14.3.13 Activ Absence
14.3.14 Capterra
14.3.15 BotMyWork
14.3.16 WhosOffice
14.3.17 Personio
