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Rising Adoption of Digital Technology in Corporate Sector to Drive Workforce Management Software Market

Press Release   •   Jun 07, 2017 06:51 EDT

MarketResearchReports.biz announces the addition of a new market intelligence study to its growing repository. The report, titled ‘Global Workforce Management Software Market Size, Status And Forecast 2022,’ presents a comprehensive review of the workings and underpinnings of the global workforce management software market by describing its key driving factors, leading segments, and influential roadblocks likely to hinder the market’s trajectory in the coming years.

Workforce management software has become widely used in recent years as it conveniently allows employers to manage large workforces without inconveniencing either party. Day to day formalities such as entry and exit times, financial and legal aspects of an employee’s work profile, as well as the long-term management of an organization’s task force are the key applications of workforce management software.

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The rising incorporation of digital means in the everyday functioning of the corporate sector is likely to be a key driver for the global workforce management software market in the coming years. Biometric and other digitalized means of access authorization have become popular due to their reliability and efficacy, which has led to the need to securely maintain large amounts of employee data. The growing adoption of remote working practices such as Bring Your Own Device (BYOD) has also led to long trails of digital information that need to be stored securely and retrieved at the employer’s convenience. The rising use of digital means in the corporate environment is thus likely to be a major driver for the global workforce management software market in the coming years.

By type, the global workforce management software market is segmented into on-premise deployment and SaaS deployment. Of these, SaaS deployment is likely to remain popular in the coming years, as it relieves the employer of the responsibility of keeping track of the digital information. The rising popularity of cloud computing and the consequent use of cloud architecture in big data storage systems is also likely to drive the demand for workforce management software on an SaaS basis.

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The report covers the performance of the workforce management software market in the U.S., Europe, China, India, Japan, and Southeast Asia. The widespread incorporation of digital technology is likely to keep developed regions such as the U.S. and Europe dominant in the global workforce management software market in the coming years. Nevertheless, the rapid growth of cloud architecture in dynamic emerging economies such as Japan and China could also play a key role in the development of the global workforce management software market. The growing government support to the use of cloud infrastructure in the latter is also a vital driver for the global workforce management software market.

The report sheds light on the competitive dynamics of the global workforce management software market by profiling the leading players operating in it. Key companies examined in the report include Kronos, Cisco, ATOSS, InVision AG, NICE, Teleopti, WorkForce Software, Genesys, and Calabrio.

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