Market Overview:
The global time and attendance software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of cloud-based and web-based time and attendance software by businesses across the globe. Additionally, the growing trend of BYOD (Bring Your Own Device) is also contributing to the growth of this market. On the basis of type, the global time and attendance software market can be segmented into cloud-based, web-based, and time & attendance software. The cloud-based segment is expected to witness highest growth during the forecast period owing to its advantages such as scalability, flexibility, and low cost over traditional on-premises solutions. On the basis of application, businesses with hourly employees are expected to account for majority share in terms of revenue in 2018 followed by businesses that track billable hours and freelancers respectively.
Product Definition:
Time and attendance software is a computer program used to track employee hours. It can be used to manage time cards, calculate pay, and generate reports. Time and attendance software is important because it helps businesses keep track of employee hours and ensure employees are being paid for the hours they work.
Cloud-based:
Cloud-based time and attendance solutions are used to record the employee's time from their mobile device or computer. The solution also provides a facility to manage leave requests, clock in & clock out, timesheets, and other reports. These solutions provide features such as remote access to data via applications installed on smartphones or computers coupled with low maintenance of IT infrastructure required for small & medium businesses is expected to drive the growth of cloud-based time and attendance software market over the forecast period.
Web-based:
The web-based software is used in time & attendance solutions and can be defined as a collection of computer programs, which are accessed through the internet. The main function of this software is to allow remote access to employees working from home or on the move. It also helps in accessing data that would otherwise not be available at an employee’s reachable place.
Application Insights:
The application segment is bifurcated into businesses with hourly employees, businesses that track billable hours, and freelancers. The business that tracks billable hours application segment accounted for the largest market share in 2017. This is due to the fact that most of these companies have a large number of contractors and consultants who are paid on a weekly basis. With time & attendance software, organizations can accurately track labor costs and be sure about accurate billing.
The business with hourly employees application segment is expected to grow at a lucrative CAGR over the forecast period owing to rising need for time & attendance solutions among medium-sized enterprises (MSMEs). These small businesses usually have an employee base consisting of laborers, technicians, craftspeople as well as office staff who regularly clock in and out from their respective workplaces.
Regional Analysis:
The North American regional market dominated the global time and attendance software industry in 2017. The U.S., as well as several other countries, has adopted the so-called “On Time†act that requires employers to reimburse employees for work time if they are not compensated for it. This is likely to increase awareness about time and attendance systems among businesses in this region, which will have a positive impact on the overall market growth over the forecast period.
Asia Pacific is expected to be one of the fastest-growing regions during the forecast period owing to increasing government regulations regarding labor laws in various Asian countries such as India.
Growth Factors:
- Increasing demand for time and attendance software from small and medium businesses (SMBs) due to the benefits it offers such as improved efficiency, reduced costs, and compliance with labor laws.
- The growing trend of BYOD (Bring Your Own Device) in the workplace, which has led to an increase in the number of employees using their own smartphones or tablets for work-related tasks. This is benefiting time and attendance software vendors as more employees are using their devices to clock in/out remotely.
- The increasing adoption of cloud-based time and attendance solutions among organizations due to its many advantages such as scalability, flexibility, lower TCO (Total Cost of Ownership), etc.
- The rising demand for workforce management solutions among organizations as they seek to improve productivity and optimize resources by better managing employee schedules, workloads, etc. Time & Attendance Software can be a key component of a comprehensive workforce management solution stack .
- . Growing awareness about the benefits of time & attendance software among small business owners across different industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Time & Attendance Software Market Research Report
By Type
Cloud-based, Web-based, Time & Attendance Softwar
By Application
Businesses With Hourly Employees, Businesses That Track Billable Hours, Freelancers, Human Resources Departments
By Companies
ADP Workforce Now, Kronos Workforce Central, Ceridian Dayforce, Deputy, Paycor, Ascentis, SAP, EPAY HCM, Jibble, iSolved, EasyClocking, BirdDogHR, TimeWorksPlus, Oracle, PayrollHero, Flock, ONEMINT, Time & Attendance Softwar
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Time & Attendance Software Market Report Segments:
The global Time & Attendance Software market is segmented on the basis of:
Types
Cloud-based, Web-based, Time & Attendance Softwar
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
Businesses With Hourly Employees, Businesses That Track Billable Hours, Freelancers, Human Resources Departments
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 Workforce Now
- Kronos Workforce Central
- Ceridian Dayforce
- Deputy
- Paycor
- Ascentis
- SAP
- EPAY HCM
- Jibble
- iSolved
- EasyClocking
- BirdDogHR
- TimeWorksPlus
- Oracle
- PayrollHero
- Flock
- ONEMINT
- Time & Attendance Softwar
Highlights of The Time & 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:
- Cloud-based
- Web-based
- Time & Attendance Softwar
- By Application:
- Businesses With Hourly Employees
- Businesses That Track Billable Hours
- Freelancers
- Human Resources Departments
- 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 & 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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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 & Attendance software is a computer program that helps employers keep track of the hours employees are working. The software can also help employers calculate payroll taxes and benefits based on employee hours worked.
Some of the major companies in the time & attendance software market are ADP Workforce Now, Kronos Workforce Central, Ceridian Dayforce, Deputy, Paycor, Ascentis, SAP, EPAY HCM, Jibble, iSolved, EasyClocking, BirdDogHR, TimeWorksPlus, Oracle, PayrollHero, Flock, ONEMINT, Time & Attendance Softwar.
The time & attendance software market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Time & Attendance Software 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 & Attendance Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Time & Attendance Software Market - Supply Chain
4.5. Global Time & Attendance Software Market Forecast
4.5.1. Time & Attendance Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Time & Attendance Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Time & Attendance Software Market Absolute $ Opportunity
5. Global Time & Attendance Software 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 & Attendance Software Market Size and Volume Forecast by Type
5.3.1. Cloud-based
5.3.2. Web-based
5.3.3. Time & Attendance Softwar
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Time & Attendance Software 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 & Attendance Software Market Size and Volume Forecast by Application
6.3.1. Businesses With Hourly Employees
6.3.2. Businesses That Track Billable Hours
6.3.3. Freelancers
6.3.4. Human Resources Departments
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Time & Attendance Software 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 & Attendance Software 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 & Attendance Software 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 & Attendance Software 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 & Attendance Software Demand Share Forecast, 2019-2026
9. North America Time & Attendance Software 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 & Attendance Software 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 & Attendance Software Market Size and Volume Forecast by Application
9.4.1. Businesses With Hourly Employees
9.4.2. Businesses That Track Billable Hours
9.4.3. Freelancers
9.4.4. Human Resources Departments
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Time & Attendance Software Market Size and Volume Forecast by Type
9.7.1. Cloud-based
9.7.2. Web-based
9.7.3. Time & Attendance Softwar
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 & Attendance Software Demand Share Forecast, 2019-2026
10. Latin America Time & Attendance Software 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 & Attendance Software 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 & Attendance Software Market Size and Volume Forecast by Application
10.4.1. Businesses With Hourly Employees
10.4.2. Businesses That Track Billable Hours
10.4.3. Freelancers
10.4.4. Human Resources Departments
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Time & Attendance Software Market Size and Volume Forecast by Type
10.7.1. Cloud-based
10.7.2. Web-based
10.7.3. Time & Attendance Softwar
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 & Attendance Software Demand Share Forecast, 2019-2026
11. Europe Time & Attendance Software 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 & Attendance Software 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 & Attendance Software Market Size and Volume Forecast by Application
11.4.1. Businesses With Hourly Employees
11.4.2. Businesses That Track Billable Hours
11.4.3. Freelancers
11.4.4. Human Resources Departments
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Time & Attendance Software Market Size and Volume Forecast by Type
11.7.1. Cloud-based
11.7.2. Web-based
11.7.3. Time & Attendance Softwar
11.8. Basis Point Share (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 & Attendance Software Demand Share, 2019-2026
12. Asia Pacific Time & Attendance Software 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 & Attendance Software 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 & Attendance Software Market Size and Volume Forecast by Application
12.4.1. Businesses With Hourly Employees
12.4.2. Businesses That Track Billable Hours
12.4.3. Freelancers
12.4.4. Human Resources Departments
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Time & Attendance Software Market Size and Volume Forecast by Type
12.7.1. Cloud-based
12.7.2. Web-based
12.7.3. Time & Attendance Softwar
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 & Attendance Software Demand Share, 2019-2026
13. Middle East & Africa Time & Attendance Software 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 & Attendance Software 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 & Attendance Software Market Size and Volume Forecast by Application
13.4.1. Businesses With Hourly Employees
13.4.2. Businesses That Track Billable Hours
13.4.3. Freelancers
13.4.4. Human Resources Departments
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Time & Attendance Software Market Size and Volume Forecast by Type
13.7.1. Cloud-based
13.7.2. Web-based
13.7.3. Time & Attendance Softwar
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 & Attendance Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Time & Attendance Software Market: Market Share Analysis
14.2. Time & Attendance Software Distributors and Customers
14.3. Time & Attendance Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ADP Workforce Now
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 Workforce Central
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ceridian Dayforce
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Deputy
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Paycor
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ascentis
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SAP
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. EPAY HCM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jibble
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. iSolved
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. EasyClocking
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. BirdDogHR
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TimeWorksPlus
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Oracle
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. PayrollHero
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Flock
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. ONEMINT
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Time & Attendance Softwar
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
