Market Overview:
The global workforce management applications software market is expected to grow from USD 2.02 Billion in 2018 to USD 3.73 Billion by 2030, at a CAGR of 7.5% during the forecast period. The growth of this market can be attributed to the increasing demand for cloud-based workforce management applications and the need for reducing operational costs. However, data security and privacy concerns may restrain the growth of this market to some extent during the forecast period. On-premises deployment type is expected to hold a larger share of the global workforce management applications software market in 2018 than cloud-based deployment type.
Product Definition:
Workforce management applications software is a type of software that helps organizations manage their workforce. This type of software can help organizations track employee hours, schedule employees, and manage payroll. Workforce management applications can also help organizations keep track of employee performance and identify areas where employees could be improved. Additionally, this type of software can help managers better plan for future staffing needs.
Cloud-Based:
Cloud-based software is a type of Software as a Service (SaaS) that delivers software over the internet. The cloud-based SaaS model includes three types of services: Platform as a Service (PaaS), Infrastructure as a Service (IaaS), and Software as a Service (Suas). Pivotal has its own Cloud Foundry, which they call “Pivotal Cloud Foundry”.
On-Premises:
On-premises software is a type of software that is installed and used directly by the end-users or consumers. The software can be installed on computers present within an organization or can also be deployed through cloud services depending upon the requirements of the end users.
Application Insights:
The large enterprises segment dominated the global workforce management applications software market in 2017. This can be attributed to factors such as presence of a large number of medium-sized and small enterprises in developed economies and growth of multinational companies in developing economies. The Small, Medium-Sized & Large Enterprises (SM&LEs) category covers businesses with fewer than 500 employees and more than 500 employees respectively. According to a study by Capgemini Consulting, Inc., nearly 50% of the firms have fewer than 250 employees while only 7% have more than 5,000 people.
Regional Analysis:
The Asia Pacific region dominated the global workforce management applications software market in 2017. The growth can be attributed to the increasing adoption of cloud-based solutions by small and medium-sized enterprises in economies such as China, India, and Japan. Furthermore, an increase in government initiatives for employee engagement is expected to drive demand over the forecast period. For instance, In India a new law has been passed called The Employees' Provident Fund Act 1916 which provides compulsory provident fund (CPF) contribution from employers on behalf of their employees.
North America accounted for a significant share owing to high investments made by vendors operating this industry coupled with growing adoption of innovative technologies across various industries such as manufacturing, healthcare & life sciences among others. Moreover North America is one of the most impacted regions due to COVID 19 outbreak which recently spread across countries including U S A.
Growth Factors:
- Increased demand for workforce management applications from small and medium-sized businesses (SMBs) due to the need to optimize efficiency and productivity.
- The growing trend of BYOD (Bring Your Own Device) in the workplace, which is driving the demand for mobile workforce management applications.
- The increasing adoption of cloud-based workforce management solutions, which is helping organizations reduce costs and improve efficiency.
- The rising popularity of social media and collaboration tools, which is prompting organizations to adopt social media monitoring tools as a part of their workforce management solution stack.
- Growing concerns over data security and compliance among organizations, leading them to invest in solutions that can help secure employee data
Scope Of The Report
Report Attributes
Report Details
Report Title
Workforce Management Applications Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
By Companies
Calabrio, Verint Systems, ZOOM International, Aspect, Injixo, NICE, Teleopti, Genesys, Avaya (Verint), OpenText, Five9, 8x8, Verint Monet, CSI, Envision, Altitude, West, DVSAnalytics, VoiceCyber
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Workforce Management Applications Software Market Report Segments:
The global Workforce Management Applications 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
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
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:
- Calabrio
- Verint Systems
- ZOOM International
- Aspect
- Injixo
- NICE
- Teleopti
- Genesys
- Avaya (Verint)
- OpenText
- Five9
- 8x8
- Verint Monet
- CSI
- Envision
- Altitude
- West
- DVSAnalytics
- VoiceCyber
Highlights of The Workforce Management Applications 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:
- Large Enterprises(1000+ Users)
- Medium-Sized Enterprise(499-1000 Users)
- Small Enterprises(1-499 Users)
- 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 Workforce Management Applications 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?
Workforce management applications software is a suite of software that helps organizations manage their employee populations. The applications can include tools for tracking employee hours, payroll, and benefits; managing hiring and firing processes; and tracking performance reviews.
Some of the major companies in the workforce management applications software market are Calabrio, Verint Systems, ZOOM International, Aspect, Injixo, NICE, Teleopti, Genesys, Avaya (Verint), OpenText, Five9, 8x8, Verint Monet, CSI, Envision, Altitude, West, DVSAnalytics, VoiceCyber.
The workforce management applications software market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Workforce Management Applications 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 Workforce Management Applications Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Workforce Management Applications 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 Workforce Management Applications 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 Workforce Management Applications Software Market Size & Forecast, 2018-2028
4.5.1 Workforce Management Applications Software Market Size and Y-o-Y Growth
4.5.2 Workforce Management Applications Software Market Absolute $ Opportunity
Chapter 5 Global Workforce Management Applications 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 Workforce Management Applications 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 Workforce Management Applications 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 Workforce Management Applications Software Market Size Forecast by Applications
6.2.1 Large Enterprises(1000+ Users)
6.2.2 Medium-Sized Enterprise(499-1000 Users)
6.2.3 Small Enterprises(1-499 Users)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Workforce Management Applications 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 Workforce Management Applications 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 Workforce Management Applications Software Analysis and Forecast
9.1 Introduction
9.2 North America Workforce Management Applications 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 Workforce Management Applications 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 Workforce Management Applications Software Market Size Forecast by Applications
9.10.1 Large Enterprises(1000+ Users)
9.10.2 Medium-Sized Enterprise(499-1000 Users)
9.10.3 Small Enterprises(1-499 Users)
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 Workforce Management Applications Software Analysis and Forecast
10.1 Introduction
10.2 Europe Workforce Management Applications 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 Workforce Management Applications 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 Workforce Management Applications Software Market Size Forecast by Applications
10.10.1 Large Enterprises(1000+ Users)
10.10.2 Medium-Sized Enterprise(499-1000 Users)
10.10.3 Small Enterprises(1-499 Users)
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 Workforce Management Applications Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Workforce Management Applications 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 Workforce Management Applications 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 Workforce Management Applications Software Market Size Forecast by Applications
11.10.1 Large Enterprises(1000+ Users)
11.10.2 Medium-Sized Enterprise(499-1000 Users)
11.10.3 Small Enterprises(1-499 Users)
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 Workforce Management Applications Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Workforce Management Applications 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 Workforce Management Applications 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 Workforce Management Applications Software Market Size Forecast by Applications
12.10.1 Large Enterprises(1000+ Users)
12.10.2 Medium-Sized Enterprise(499-1000 Users)
12.10.3 Small Enterprises(1-499 Users)
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) Workforce Management Applications Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Workforce Management Applications 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) Workforce Management Applications 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) Workforce Management Applications Software Market Size Forecast by Applications
13.10.1 Large Enterprises(1000+ Users)
13.10.2 Medium-Sized Enterprise(499-1000 Users)
13.10.3 Small Enterprises(1-499 Users)
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 Workforce Management Applications Software Market: Competitive Dashboard
14.2 Global Workforce Management Applications Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Calabrio
14.3.2 Verint Systems
14.3.3 ZOOM International
14.3.4 Aspect
14.3.5 Injixo
14.3.6 NICE
14.3.7 Teleopti
14.3.8 Genesys
14.3.9 Avaya (Verint)
14.3.10 OpenText
14.3.11 Five9
14.3.12 8x8
14.3.13 Verint Monet
14.3.14 CSI
14.3.15 Envision
14.3.16 Altitude
14.3.17 West
14.3.18 DVSAnalytics
14.3.19 VoiceCyber
