Market Overview:
The global enterprise time and attendance software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing adoption of cloud-based solutions, growing demand for workforce management solutions, and rising need for compliance with labor laws. On premise software held the largest share of the global enterprise time and attendance software market in 2017 owing to its advantages such as low implementation costs, better security features, and easy customization as per business requirements. However, cloud-based solutions are expected to grow at a higher CAGR during the forecast period due to their advantages such as lower TCO (total cost of ownership), scalability, and flexibility. Small and midsize businesses (SMBs) are expected to account for the majority share of the global enterprise time and attendance software market in 2018 owing to their growing need for workforce management solutions that can help them optimize their operations cost-effectively.
Product Definition:
Enterprise time and attendance software is a system used to track employee hours and attendance. It can include features such as time clocks, tracking of paid time off (PTO), and scheduling. Enterprise time and attendance software can help businesses save money by reducing the need for manual tracking methods, improving workforce planning, and preventing missed work hours.
On Premise:
On premise software is used for time and attendance purposes in enterprises. It helps to track employee working hours, absence, and other details of the employee life. The software is installed at the organization’s headquarters which can be connected to various branch offices over a network. This allows central management of information across different locations thus providing full transparency in operations.
Cloud-based:
Cloud-based software is a type of Software as a Service (SaaS) that provides an interface to integrate time and attendance solutions on the cloud. The SaaS model allows users to access data from remote servers using internet protocol. It also helps in reducing maintenance costs, increases operational efficiency, and improves compliance requirements.
The global enterprise time.
Application Insights:
The global enterprise time and attendance software market, by application, has been segmented into small and midsize business (SMB), large enterprise. The SMB segment held the largest share of over 60% in 2017. This is attributed to factors such as growing penetration of smartphones, availability of cloud-based solutions at low costs, easy access to internet from anywhere via smartphone and tablet computers. As a result, SMBs are increasingly adopting online time & attendance solutions thereby driving the growth of the overall market for ET&A software in SMBs.
The large enterprises are anticipated to be the fastest-growing segment with a CAGR exceeding 12% over the forecast period owing to factors such as increasing need for managing employee productivity along with improved management efficiency across organizations globally which eventually benefits end users or customers seeking services from an organization.
Regional Analysis:
The North American region accounted for the largest revenue share in 2017. The growth can be attributed to the presence of a large number of SMBs in the region that require time and attendance services. In addition, an increasing number of small and medium-sized enterprises are adopting cloud-based solutions to reduce their IT expenditure.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to factors such as improving internet connectivity, rising adoption of smartphones, and expansion of manufacturing facilities by global players in this region. Furthermore, governments across various countries are encouraging companies with large operations or those planning significant expansions to undertake them through public tender processes; these factors will also contribute toward regional market growth over next few years.
Growth Factors:
- Increasing demand for cloud-based time and attendance software due to its scalability, flexibility, and security benefits.
- Proliferation of Bring Your Own Device (BYOD) policies in organizations, which is driving the adoption of time and attendance software that can be used on mobile devices.
- Growing need to manage employee overtime costs and compliance with labor laws governing working hours.
- Rising trend of workplace automation to streamline administrative tasks such as tracking employee time-off requests and recording payroll data.
Scope Of The Report
Report Attributes
Report Details
Report Title
Enterprise Time and Attendance Software Market Research Report
By Type
On Premise, Cloud-based
By Application
Small and Midsize Business (SMB), Large Enterprise
By Companies
Kronosorporated, Ultimate Software, ADP, Halogen Software, SAP, Cornerstone OnDemand, Oracle, Workday, IBM Corporation, SumTotal Systems
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Enterprise Time and Attendance Software Market Report Segments:
The global Enterprise Time and Attendance Software market is segmented on the basis of:
Types
On Premise, Cloud-based
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 Midsize Business (SMB), Large Enterprise
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:
- Kronosorporated
- Ultimate Software
- ADP
- Halogen Software
- SAP
- Cornerstone OnDemand
- Oracle
- Workday
- IBM Corporation
- SumTotal Systems
Highlights of The Enterprise Time and Attendance 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:
- On Premise
- Cloud-based
- By Application:
- Small and Midsize Business (SMB)
- Large Enterprise
- 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 Enterprise Time and Attendance 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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- Correctly Positioning New Products
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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?
Enterprise time and attendance software is a computer application that helps organizations manage employee time and attendance. The software can track employees' hours worked, absences, and other related data. This information can help managers make informed decisions about employee productivity and compliance with labor laws.
Some of the key players operating in the enterprise time and attendance software market are Kronosorporated, Ultimate Software, ADP, Halogen Software, SAP, Cornerstone OnDemand, Oracle, Workday, IBM Corporation, SumTotal Systems.
The enterprise time and attendance software 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 Enterprise Time and Attendance 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 Enterprise Time and Attendance Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Enterprise Time and Attendance 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 Enterprise Time and Attendance 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 Enterprise Time and Attendance Software Market Size & Forecast, 2020-2028
4.5.1 Enterprise Time and Attendance Software Market Size and Y-o-Y Growth
4.5.2 Enterprise Time and Attendance Software Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 On Premise
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Small and Midsize Business (SMB)
6.2.2 Large Enterprise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Enterprise Time and Attendance 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 Enterprise Time and Attendance 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 On Premise
9.6.2 Cloud-based
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 Market Size Forecast by Applications
9.10.1 Small and Midsize Business (SMB)
9.10.2 Large Enterprise
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 On Premise
10.6.2 Cloud-based
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 Market Size Forecast by Applications
10.10.1 Small and Midsize Business (SMB)
10.10.2 Large Enterprise
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 On Premise
11.6.2 Cloud-based
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 Market Size Forecast by Applications
11.10.1 Small and Midsize Business (SMB)
11.10.2 Large Enterprise
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 On Premise
12.6.2 Cloud-based
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 Market Size Forecast by Applications
12.10.1 Small and Midsize Business (SMB)
12.10.2 Large Enterprise
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 On Premise
13.6.2 Cloud-based
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) Market Size Forecast by Applications
13.10.1 Small and Midsize Business (SMB)
13.10.2 Large Enterprise
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 Enterprise Time and Attendance Software Market: Competitive Dashboard
14.2 Global Enterprise Time and Attendance Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kronosorporated
14.3.2 Ultimate Software
14.3.3 ADP
14.3.4 Halogen Software
14.3.5 SAP
14.3.6 Cornerstone OnDemand
14.3.7 Oracle
14.3.8 Workday
14.3.9 IBM Corporation
14.3.10 SumTotal Systems
