Workforce Management Market is expected to reach USD 12,410 Million by 2028 - Zion Market Research

Major players in the global Workforce Management market are Infor Global Solutions¸ IBM Corporation, Reflexis System Inc., Kronos, Crown Workforce Management System, Atoss Software AG, Oracle Corporation, Automatic Data Processing (ADP), Clicksoftware Technologies Ltd., and Workday, among others.

According to analysts at Zion Market Research, the global Workforce Management market accounted for USD 6,002.2 Million in 2020 and is expected to reach USD 12,410.7 Million by 2028, growing at a CAGR of 9.8% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Workforce Management Market by Component (Solutions, Services) by Deployment Type (On-Premises, Cloud), by Vertical (Telecom, Government, Consumer Goods and Retail, Manufacturing and Others) and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Growing Population and Rise in Demand to Spur Growth

The growing population and the rise in the number of the small and medium enterprises are the major factors owing to which the global workforce management market is growing. The other key drivers of the market growth are increasing consumption of the workforce, changing dynamics of the workforce, increased usage of the mobile phones and the availability of the software-as-a-service management solution play a key role in the development of the global market. The major industrial verticals where the global workforce management market has grown at a rapid rate are manufacturing, retail, BFSI, and the healthcare. Increasing mobility and globalization has significantly influenced the demand for the workforce management solutions in order to satisfy their workforce, better scheduling, and engagement.

Increasing Awareness to Support North America Dominance

The region that dominates the global workforce management market is North America which is followed by Europe. However, the emerging economies such as India and China are boosting the global market; hence, the Asia-Pacific region is showing a tremendous growth rate. In North America, the increasing acceptance of the technological advancements and the awareness in the organizations about the developing workforce management has triggered the global market growth in a positive way.

Browse the full “Workforce Management Market by Component (Solutions, Services) by Deployment Type (On-Premises, Cloud), by Vertical (Telecom, Government, Consumer Goods and Retail, Manufacturing and Others) and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/workforce-management-market

The global Workforce Management market is segmented as follows:

By Component:

• Solutions
• Services

By Deployment Type:

• On-Premises
• Cloud

By Vertical:

• Telecom
• Government
• Consumer Goods and Retail
• Manufacturing
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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