The
global workforce management market is expected to reach
USD 11.09 billion by 2025, according to a new study by Grand View Research,
Inc. Globalization, a younger and more diverse workforce, and the growing use
of digitalization in day-to-day operations of organizations are anticipated to
aid the growth of the workforce management market in coming years. The demand
for interaction and integration in daily operations and the necessity to
operate as a unified enterprise are further driving technological as well as
social advancements in companies worldwide.
Workforce
management is a multi-faceted solution which has enabled prominent changes and
generated significant paybacks, both in terms of revenue and ease of usage, and
it continues to evolve even today. The increasing adoption of mobile devices is
expected to play a vital role in the industry as numerous companies have cited
a keen interest in enhancing their mobile capabilities in the near future. In
addition, the absence & leave management solutions are also anticipated to
witness a surge in demand as organizations across the world embrace digital
tracking at a rapid rate.
North
America workforce management market, by application, 2014 - 2025 (USD Million)
Browse full research report on Workforce
Management Market: http://www.grandviewresearch.com/industry-analysis/workforce-management-market
- While the overall demand for workforce
management solutions is growing, resistance to change and training employees
to adapt to new technologies may act as hindrances in the growth
trajectory for a couple of years. The role of management solutions in HR
is shifting from administration to planning and analysis wherein the major
development focus would be on data gathering and analytical tools. As the
industry matures, a greater influx of big data and mobility into
mainstream solutions can be expected to define the market direction.
- As workforce management solutions continue to
gain traction in the industry, there would be a profound effect on the
biometric terminals used for time & attendance applications.
Furthermore, the adoption of cloud and Software-as-a-Service (SaaS) will
also drive the replacement of legacy systems with modern and enhanced
solutions to better stimulate workforce integration. To sum up the
industry developments, trends such as agility, employee engagement, data
gathering and analysis, and the use of HR as a strategic pillar of the
organization will propel the market in coming years.
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-workforce-management-market
About
Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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