Market Overview:
The global workforce management software in retail 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 demand for workforce management software due to the growing need for improved efficiency and productivity in the retail sector. Additionally, rising labor costs and compliance concerns are also driving the demand for workforce management software in retail businesses. On-premise segment is expected to dominate the global market during the forecast period owing to its advantages such as customizability, control over data security, and better performance as compared to SaaS-based solutions. However, SaaS-based solutions are witnessing high growth rates due their easy deployment and lower total cost of ownership (TCO). Supermarket segment is expected to account for majority of share in terms of revenue contribution followed by store segment during 2018–2030 owing higher adoption rates across these segments respectively.
Product Definition:
Workforce Management Software is a software application that enables companies to manage their workforce more effectively. It can help retailers optimize schedules, track employee performance, and identify opportunities for improvement. Workforce Management Software can be used to manage employees across all channels, including stores, call centers, and distribution centers.
On-premise:
On-premise software is a type of cloud computing system that involves the installation of components on computers present within the organization. The data and applications are hosted on physical servers present within the organization or at a remote location. An increase in demand for data security and privacy, high cost associated with cloud infrastructure, lack of technical expertise & budget constraints are some factors driving growth for On-premise solutions in workforce management software market.
SaaS:
Software as a Service (SaaS) is an approach to deliver software over the internet. It’s a remote computer operating environment where users can access applications and data without any physical presence. In other words, it’s like using the services of a company over the internet rather than visiting its offices. SaaS includes cloud-based solutions and applications along with traditional on-premise software delivery models that are used by various industries including retail for their business operations.
Application Insights:
The others segment includes e-commerce, hypermarkets and supermarkets, warehouse clubs and chains, online pharmacies, mobile stores and petrol stations. The growth of the others segment can be attributed to the increasing penetration of e-commerce in various countries such as India, China Japan Brazil etc. Furthermore; companies such as Amazon are focusing on providing their employees with remote work options which is driving the adoption of workforce management software among retailers globally.
The supermarket application segment accounted for a revenue share of over 25% in 2017 owing to high penetration rates across countries like U.K., Germany France Canada etc where large retail networks operate under one roof (supermarkets).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing adoption of technologies in countries, such as China and India. In addition, rising number of retail companies in these countries is anticipated to drive demand for workforce management software solutions over the next eight years. For instance, there are around 1.4 million small & medium enterprises (SMEs) that operate about 3 million stores across China employing nearly 60 million people daily across all categories including full-time/ permanent employees and part-time/ temporary workers (China Labour Bulletin 2016). Thus, growing labor costs due to high employee turnover rate have become a major concern for retailers operating in this country; thus driving demand for effective workforce management software solutions such as those offered by Amazon Web Services Inc.
Growth Factors:
- Increased demand for workforce management software from small and medium-sized businesses (SMBs) due to the growing need to optimize labor costs and improve operational efficiency.
- The advent of big data and advanced analytics is helping workforce management software vendors to offer more sophisticated solutions that can help retailers make better decisions about their staffing needs.
- The increasing use of mobile devices by retail employees is driving the demand for workforce management solutions that can support BYOD policies.
- Retailers are increasingly adopting cloud-based solutions in order to reduce capital expenditure (CAPEX) and improve scalability, which is also contributing to the growth of the workforce management software market in retail sector.
- Growing awareness about the benefits of using workforce management software among retailers is helping fuel its growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Workforce Management Software in Retail Market Research Report
By Type
On-premise, SaaS
By Application
Supermarket, Store, Others
By Companies
ADP, Kronos, Oracle, Reflexis Systems, SAP, ATOSS Software, Ceridian HCM Holding, Infor Global Solutions, Opterus, Primion Technology, RedPrairie, RetailNext, Vortex Connect
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
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Workforce Management Software in Retail Market Report Segments:
The global Workforce Management Software in Retail market is segmented on the basis of:
Types
On-premise, SaaS
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
Supermarket, Store, 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:
- ADP
- Kronos
- Oracle
- Reflexis Systems
- SAP
- ATOSS Software
- Ceridian HCM Holding
- Infor Global Solutions
- Opterus
- Primion Technology
- RedPrairie
- RetailNext
- Vortex Connect
Highlights of The Workforce Management Software in Retail 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
- SaaS
- By Application:
- Supermarket
- Store
- 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 Workforce Management Software in Retail 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 software in retail is a computer application that helps store managers and human resources professionals manage employee rosters, payroll, benefits, and other HR-related tasks. It can also help track employee performance and identify areas of improvement.
Some of the major companies in the workforce management software in retail market are ADP, Kronos, Oracle, Reflexis Systems, SAP, ATOSS Software, Ceridian HCM Holding, Infor Global Solutions, Opterus, Primion Technology, RedPrairie, RetailNext, Vortex Connect.
The workforce management software in retail 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 Workforce Management Software in Retail 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 Software in Retail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Workforce Management Software in Retail 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 Software in Retail 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 Software in Retail Market Size & Forecast, 2020-2028
4.5.1 Workforce Management Software in Retail Market Size and Y-o-Y Growth
4.5.2 Workforce Management Software in Retail 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 SaaS
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 Supermarket
6.2.2 Store
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Workforce Management Software in Retail 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 Software in Retail 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 SaaS
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 Supermarket
9.10.2 Store
9.10.3 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 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 SaaS
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 Supermarket
10.10.2 Store
10.10.3 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 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 SaaS
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 Supermarket
11.10.2 Store
11.10.3 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 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 SaaS
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 Supermarket
12.10.2 Store
12.10.3 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) 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 SaaS
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 Supermarket
13.10.2 Store
13.10.3 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 Workforce Management Software in Retail Market: Competitive Dashboard
14.2 Global Workforce Management Software in Retail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ADP
14.3.2 Kronos
14.3.3 Oracle
14.3.4 Reflexis Systems
14.3.5 SAP
14.3.6 ATOSS Software
14.3.7 Ceridian HCM Holding
14.3.8 Infor Global Solutions
14.3.9 Opterus
14.3.10 Primion Technology
14.3.11 RedPrairie
14.3.12 RetailNext
14.3.13 Vortex Connect
