Market Overview:
The global attendance tracking system market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing adoption of cloud-based attendance tracking systems and the growing demand for real-time attendance tracking systems. The small and medium enterprises segment is expected to grow at a higher CAGR than the large enterprises segment during the forecast period. North America is expected to hold the largest share of the global attendance tracking system market in 2018, while Asia Pacific is projected to be fastest growing region duringthe forecast period.
Product Definition:
An attendance tracking system is a computer program or online tool used to track employees' attendance. The program records the start and end times of employees' shifts, as well as any absences or tardies. This information can be used to generate reports that show how many hours each employee worked, when they worked, and how often they were absent or late.
Attendance tracking systems are important because they allow employers to keep track of their workforce's hours and absences. This information can help employers identify patterns in their employees' behavior, such as whether certain employees are frequently absent or late. The data collected by attendance tracking systems can also be used to justify disciplinary actions against employees who have a poor attendance record, or to award bonuses to employees with good attendance records.
Cloud-based:
Cloud-based solutions are expected to witness significant growth over the next seven years owing to factors such as low cost of implementation, high scalability and flexibility, and real-time data tracking. Cloud-based software is used in various sectors such as education, healthcare & life sciences, BFSI (Banking & Financial Services), retailing among others for maintaining records of employee absence.
On-premises:
On-premises is a term used for software and hardware installation at the organization's headquarters. The on-premises solution has been widely accepted by organizations as it offers benefits such as easy integration with the existing IT infrastructure, ownership, control and flexibility of data. Moreover, these solutions offer features such as low cost of ownership compared to cloud solutions along with security which are expected to drive market growth over the forecast period.
Application Insights:
The large enterprises segment dominated the global attendance tracking system market in 2017, accounting for over 60% of the overall revenue. The high share is attributable to factors such as a large number of employees and complex work environment. SMEs are adopting online solutions at a rapid pace owing to their low cost and easy implementation. However, due to lack of resources or expertise, these small businesses opt for off-the-shelf products that are preinstalled with hardware and software components. These off-the-shelf products do not offer customizability as required by SMEs which hampers their growth prospects in this segment.
The other application segment includes government organizations along with education institutions and healthcare organizations among others where attendance management is critical owing to regulatory requirements or patient safety concerns respectively driving adoption rates higher than average across all three geographies considered in this study (North America, Europe, Asia Pacific).
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing government initiatives and mandates, along with rising adoption of technologies such as electronic logging device (ELD) and real-time attendance system by enterprises. In addition, growing awareness among employees regarding their duty hour regulations is anticipated to drive the demand for TATS in this region.
Asia Pacific is estimated to register the highest CAGR during the forecast period owing to factors such as improving economic conditions in emerging countries like India & China and increasing number of small & medium enterprises (SMEs). Moreover, governments are encouraging employers through tax benefits on cloud-based systems or other incentives for adopting Attendance Management System (TAMS). Increasing penetration of internet services coupled with smartphone proliferation will further fuel growth across this region.
Growth Factors:
- Increasing demand for tracking employee attendance and time-off to optimize workforce productivity.
- Growing trend of BYOD (Bring Your Own Device) in enterprises, which is resulting in the increased adoption of cloud-based attendance tracking systems.
- Proliferation of mobile devices and apps that are making it easier for employees to track their own attendance using smartphones or tablets.
- Rising concerns among businesses about compliance with labor laws governing employee hours and overtime pay, which is driving the adoption of automated attendance tracking systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Attendance Tracking System Market Research Report
By Type
Cloud-based, On-premises
By Application
Small and Medium Enterprises (SMEs), Large Enterprises, Other
By Companies
Replicon, Workteam, Deputy, Jibble, Time Doctor, Bitrix, CHROBRUS, absence.io, HR Bakery, Ultimate Software
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Attendance Tracking System Market Report Segments:
The global Attendance Tracking System 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
Small and Medium Enterprises (SMEs), Large Enterprises, Other
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:
- Replicon
- Workteam
- Deputy
- Jibble
- Time Doctor
- Bitrix
- CHROBRUS
- absence.io
- HR Bakery
- Ultimate Software
Highlights of The Attendance Tracking 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:
- Cloud-based
- On-premises
- By Application:
- Small and Medium Enterprises (SMEs)
- Large Enterprises
- Other
- 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 Attendance Tracking 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?
An attendance tracking system is a software application that helps schools or businesses keep track of the number of students who attend classes, meetings, and other events. This information can help administrators manage student absences and ensure that students are following school policies.
Some of the key players operating in the attendance tracking system market are Replicon, Workteam, Deputy, Jibble, Time Doctor, Bitrix, CHROBRUS, absence.io, HR Bakery, Ultimate Software.
The attendance tracking 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 Attendance Tracking 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 Attendance Tracking System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Attendance Tracking 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 Attendance Tracking 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 Attendance Tracking System Market Size & Forecast, 2018-2028
4.5.1 Attendance Tracking System Market Size and Y-o-Y Growth
4.5.2 Attendance Tracking System Market Absolute $ Opportunity
Chapter 5 Global Attendance Tracking 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 Attendance Tracking System 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 Attendance Tracking 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 Attendance Tracking System Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises (SMEs)
6.2.2 Large Enterprises
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Attendance Tracking 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 Attendance Tracking 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 Attendance Tracking System Analysis and Forecast
9.1 Introduction
9.2 North America Attendance Tracking 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 Attendance Tracking System 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 Attendance Tracking System Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises (SMEs)
9.10.2 Large Enterprises
9.10.3 Other
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 Attendance Tracking System Analysis and Forecast
10.1 Introduction
10.2 Europe Attendance Tracking 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 Attendance Tracking System 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 Attendance Tracking System Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises (SMEs)
10.10.2 Large Enterprises
10.10.3 Other
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 Attendance Tracking System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Attendance Tracking 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 Attendance Tracking System 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 Attendance Tracking System Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises (SMEs)
11.10.2 Large Enterprises
11.10.3 Other
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 Attendance Tracking System Analysis and Forecast
12.1 Introduction
12.2 Latin America Attendance Tracking 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 Attendance Tracking System 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 Attendance Tracking System Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises (SMEs)
12.10.2 Large Enterprises
12.10.3 Other
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) Attendance Tracking System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Attendance Tracking 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) Attendance Tracking System 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) Attendance Tracking System Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises (SMEs)
13.10.2 Large Enterprises
13.10.3 Other
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 Attendance Tracking System Market: Competitive Dashboard
14.2 Global Attendance Tracking System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Replicon
14.3.2 Workteam
14.3.3 Deputy
14.3.4 Jibble
14.3.5 Time Doctor
14.3.6 Bitrix
14.3.7 CHROBRUS
14.3.8 absence.io
14.3.9 HR Bakery
14.3.10 Ultimate Software
