Workforce Management Market To Reach $11.09 Billion By 2030

Workforce Management Market Growth & Trends

The global workforce management market size is expected to reach USD 19.35 billion by 2030, registering CAGR of 11.7% from 2023 to 2030 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 the 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 that 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.

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Workforce Management Market Report Highlights

• Based on the solution, the global workforce management market is segmented into workforce scheduling, time & attendance management, embedded analytics, and absence management. The time & attendance management segment accounted for the largest revenue share of 35.9% in 2022.

• Based on deployment, the global workforce management market is segmented into on-premise and cloud. The on-premise segment accounted for the largest revenue share of 50.7% in 2022.

• Based on company size, the market is segmented into large enterprises and small and medium enterprises (SMEs). The large enterprises segment accounted for the largest revenue share of 64.8% in 2022.

• Based on application, the market is segmented into academia, automotive & manufacturing, BFSI, government, healthcare, retail, and others. The BFSI segment held the largest revenue share of 22.0% in 2022.

Workforce Management Market Segmentation

Grand View Research has segmented the global workforce management market based on solution, deployment, company size, application, and region:

Workforce Management Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Workforce Scheduling

• Time & Attendance Management

• Embedded Analytics

• Absence Management

• Others

Workforce Management Application Outlook (Revenue, USD Million, 2017 - 2030)

• Academia

• Automotive & Manufacturing

• BFSI

• Government

• Healthcare

• Retail

• Others

Workforce Management Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud

• On-premise

Workforce Management Company Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises

• Small and Medium Enterprises (SMEs)

Workforce Management Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

• Middle East and Africa

  • United Arab Emirates (UAE)

  • Saudi Arabia

  • South Africa

List of Key Players of Workforce Management Market

• UKG Inc.

• SAP SE

• Oracle Corporation

• WorkForce Software, LLC

• NICE

• ActiveOps PLC

• Infor

• Ceridian HCM, Inc

• EG Solutions

• Blue Yonder Group, Inc

• Reflexis Systems, Inc

• Replicon

• SISQUAL Workforce Management, Lda.