Market Overview:
The global time and attendance systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for time and attendance systems across different industries, such as office buildings, hospitals, government organizations, and other sectors. The other type segment is expected to grow at the highest CAGR during the forecast period owing to the increasing demand for advanced technologies in time and attendance systems.
Product Definition:
Time and attendance systems are used to record the time that employees work. This information can be used to calculate wages, track vacation and sick time, and generate reports on employee productivity.
Proximity Cards:
Proximity cards are smart cards that contain an integrated circuit, which allows the user to access personal information and also helps in time & attendance management. The card can store information such as name, ID number, address and so on. It is used by employees for accessing their work station from a limited range of 10 feet.
Biometrics:
Biometrics is a term used for the technology that helps in identifying an individual using a combination of two factors such as fingerprint and facial recognition. The time and attendance systems are widely adopting biometric techniques to track employees, which help in reducing manual errors. Biometrics can also be used to restrict access to authorized users, thereby helping organizations in improving productivity by reducing unnecessary logistic activities.
Application Insights:
The global time and attendance systems market has been segmented into office building, hospital, government, other applications. The office building application segment accounted for the largest market share in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to an increase in the number of employees working from home as well as remote locations which require time tracking and attendance recording. Furthermore, companies are introducing innovative solutions such as virtual offices which enable employees to work from home but still remain accountable for their meetings/ conferences held at a physical location.
The other applications segment includes retail stores where customers need not necessarily register or logon each transaction but may avail of automated services that help them carry out repetitive tasks more efficiently by saving both time and effort thereby driving growth across various industries globally including BFSI & IT sectors with automation solutions such as RTLS (Real-Time Location Systems) among others.
Regional Analysis:
North America dominated the global time and attendance systems market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as increasing government regulations, rising awareness among employees, and technological advancements in time and attendance systems. Moreover, presence of a large number of market players with advanced products is also expected to drive demand for these solutions over the next eight years.
Asia Pacific regional market captured significant revenue share in 2017 owing to growing adoption of these solutions across several manufacturing facilities as well as office buildings located in countries such as China, Japan, South Korea, India etc.
The Middle East & Africa (MEA) region is anticipated witness considerable growth over the coming years due both expansion opportunities along with new business development initiatives being undertaken by governments across countries such Saudi Arabia and UAE etc.
Growth Factors:
- Increasing demand for time and attendance systems from small and medium-sized businesses (SMBs) due to the benefits of these systems such as improved efficiency, reduced labor costs, and compliance with government regulations.
- The growing trend of BYOD (bring your own device) in the workplace, which is driving the demand for cloud-based time and attendance systems that can be accessed from anywhere using a mobile device or computer.
- The increasing use of RFID technology in time and attendance systems to track employee movements throughout the facility, which helps improve security and reduce theft.
- The growing popularity of biometric authentication methods such as fingerprint scanning in time and attendance systems to improve accuracy and security.
Scope Of The Report
Report Attributes
Report Details
Report Title
Time and Attendance Systems Market Research Report
By Type
Proximity Cards, Biometrics, Other
By Application
Office Building, Hospital, Government, Other
By Companies
ADP, Kronos, Insperity, Ultimate Software, Data Management Inc., Synerion, ISolved, Redcort, NETtime Solutions, Replicon, TSheets, InfoTronics, Processing Point, Lathem, Acroprint Time Recorder, Icon Time Systems, Pyramid Time Systems, Acumen Data
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Time and Attendance Systems Market Report Segments:
The global Time and Attendance Systems market is segmented on the basis of:
Types
Proximity Cards, Biometrics, Other
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
Office Building, Hospital, Government, 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:
- ADP
- Kronos
- Insperity
- Ultimate Software
- Data Management Inc.
- Synerion
- ISolved
- Redcort
- NETtime Solutions
- Replicon
- TSheets
- InfoTronics
- Processing Point
- Lathem
- Acroprint Time Recorder
- Icon Time Systems
- Pyramid Time Systems
- Acumen Data
Highlights of The Time and Attendance Systems 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:
- Proximity Cards
- Biometrics
- Other
- By Application:
- Office Building
- Hospital
- Government
- 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 Time and Attendance Systems 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?
Time and attendance systems are a way to keep track of how much time employees spend working. Time and attendance systems can also help employers identify employee absences, calculate overtime pay, and ensure that employees are paid for the hours they work.
Some of the major players in the time and attendance systems market are ADP, Kronos, Insperity, Ultimate Software, Data Management Inc., Synerion, ISolved, Redcort, NETtime Solutions, Replicon, TSheets, InfoTronics, Processing Point, Lathem, Acroprint Time Recorder, Icon Time Systems, Pyramid Time Systems, Acumen Data.
The time and attendance systems market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Time and Attendance Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Time and Attendance Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Time and Attendance Systems Market - Supply Chain
4.5. Global Time and Attendance Systems Market Forecast
4.5.1. Time and Attendance Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Time and Attendance Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Time and Attendance Systems Market Absolute $ Opportunity
5. Global Time and Attendance Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Time and Attendance Systems Market Size and Volume Forecast by Type
5.3.1. Proximity Cards
5.3.2. Biometrics
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Time and Attendance Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Time and Attendance Systems Market Size and Volume Forecast by Application
6.3.1. Office Building
6.3.2. Hospital
6.3.3. Government
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Time and Attendance Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Time and Attendance Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Time and Attendance Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Time and Attendance Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Time and Attendance Systems Demand Share Forecast, 2019-2026
9. North America Time and Attendance Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Time and Attendance Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Time and Attendance Systems Market Size and Volume Forecast by Application
9.4.1. Office Building
9.4.2. Hospital
9.4.3. Government
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Time and Attendance Systems Market Size and Volume Forecast by Type
9.7.1. Proximity Cards
9.7.2. Biometrics
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Time and Attendance Systems Demand Share Forecast, 2019-2026
10. Latin America Time and Attendance Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Time and Attendance Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Time and Attendance Systems Market Size and Volume Forecast by Application
10.4.1. Office Building
10.4.2. Hospital
10.4.3. Government
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Time and Attendance Systems Market Size and Volume Forecast by Type
10.7.1. Proximity Cards
10.7.2. Biometrics
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Time and Attendance Systems Demand Share Forecast, 2019-2026
11. Europe Time and Attendance Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Time and Attendance Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Time and Attendance Systems Market Size and Volume Forecast by Application
11.4.1. Office Building
11.4.2. Hospital
11.4.3. Government
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Time and Attendance Systems Market Size and Volume Forecast by Type
11.7.1. Proximity Cards
11.7.2. Biometrics
11.7.3. Other
11.8. Basis PointShare (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Time and Attendance Systems Demand Share, 2019-2026
12. Asia Pacific Time and Attendance Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Time and Attendance Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Time and Attendance Systems Market Size and Volume Forecast by Application
12.4.1. Office Building
12.4.2. Hospital
12.4.3. Government
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Time and Attendance Systems Market Size and Volume Forecast by Type
12.7.1. Proximity Cards
12.7.2. Biometrics
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Time and Attendance Systems Demand Share, 2019-2026
13. Middle East & Africa Time and Attendance Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Time and Attendance Systems Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Time and Attendance Systems Market Size and Volume Forecast by Application
13.4.1. Office Building
13.4.2. Hospital
13.4.3. Government
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Time and Attendance Systems Market Size and Volume Forecast by Type
13.7.1. Proximity Cards
13.7.2. Biometrics
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Time and Attendance Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Time and Attendance Systems Market: Market Share Analysis
14.2. Time and Attendance Systems Distributors and Customers
14.3. Time and Attendance Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ADP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kronos
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Insperity
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ultimate Software
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Data Management Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Synerion
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ISolved
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Redcort
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NETtime Solutions
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Replicon
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TSheets
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. InfoTronics
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Processing Point
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Lathem
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Acroprint Time Recorder
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Icon Time Systems
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Pyramid Time Systems
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Acumen Data
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
