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Workforce Management Market to Reach 7.82 Billion USD by 2023 - IndustryARC
[August 23, 2017]

Workforce Management Market to Reach 7.82 Billion USD by 2023 - IndustryARC


HYDERABAD, India and WILMINGTON, Delaware, August 23, 2017 /PRNewswire/ --

The report "Workforce Management Market Analysis: By Type (Services and Solutions); By Deployment Type (Cloud, On-Premises); By Organization Type (SME, Large Enterprises); By End-Use Industry (BFSI, Retail, IT and Telecom etc.) and Geography (Americas, Europe, Asia-Pacific, ROW) - Forecast to 2023" is published by IndustryARC, the market is estimated to reach $7.82 billion by 2023 

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Increased adoption of cloud based services in emerging economies and changing work dynamics set to fuel the workforce management market to reach $7.82 billion by 2023

http://industryarc.com/Report/15473/workforce-management-market.html

Workforce Management systems are an integrated set of process based solutions that are merged into operational aspects of business to enhance productivity and efficiency levels of employed personnel and resources.  These solutions have multi-dimensional functionalities associated with them that include forecasting, scheduling, real-time management, self-service and others which increase the operational efficiency and outcome of an organization with minimum cost.

Request TOC: http://industryarc.com/pdfdownload.php?id=15473

Increasing number of small and medium sized enterprises in emerging economies and increased cloud based services in numerous industry verticals such as BFSI, manufacturing, retail and IT & Telecom are responsible for providing new opportunities for the market growth and is projected to drive the market over the forecast period.

Global Workforce management market by type is segmented into two types namely, Solution and Services. Services segment accounted for about 26% of the market revenue and is estimated to reach around 36% by 2023. Americas and Europe regions held the largest market share of in 2016 because of the presence of various high end enterprises and a huge presence of BFSI industry. The BFSI industry held highest market revenue with a 55% share in 2016 and is projected to grow at a healthy rate of 6.7% CAGR till 2023 driven by early adoption of on premise workforce management software.



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Asia-Pacific has been identified as the fastest growing region in the forecast period 2017-2023 due to the increasing number of industries in countries like China, Japan and India. These industries are emphasizing to enhance their operational efficiency and remain competitive in the global market.


The Major Players in this Market include: 

  • Infor Global (U.S.)
  • SAP AG (Germany)
  • IBM Corporation (U.S.)
  • Oracle Corporation (U.S.)
  • Kronos Inc (U.S.)

The Global WFM market is also explained by end-user industry:

  • BFSI
  • Retail
  • IT and Telecom

The overall market is also presented from the perspective of type of services and solutions, deployment type, organization type and geographical analysis and the key countries in this industry.

Browse Related Reports: 

About IndustryARC: 

IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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SOURCE IndustryARC


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