minimize labour expenses, enhance workforce utilization and business performances. For instance,
automating processes such as employee pay and time calculations eliminates errors and ensures
various organisations policies are implemented and updated into the systems with precision and ease
Workforce management solution ensures organisations to run complex analytics on workforce
processes to spot problems and correct those, thus ensuring better use of existing resources. With
growing number of population, small medium enterprises across emerging countries such as India
and China and changing work dynamics are expected to boost the growth of workforce management
market.
Furthermore, increasing cloud-based solution adoption and smartphone penetration across various
emerging markets are anticipated to drive the growth of workforce management market. In addition,
the benefits which workforce management offers that ensures a streamline flow of tracking and
maintaining the workforce in an enterprise. However, the lack of awareness in certain developing
regions is expected to hinder the growth of workforce management market amidst the forecast
period. On the basis of solution, the workforce management software industry is segmented into
absence management, time & attendance management, workforce scheduling, workforce analytics,
analytics, task management, absence & holiday management, budgeting & forecasting, scheduling
optimization and performance management and so on.
On the basis of service, the workforce management software industry is segmented into
implementation services, training & education, support & maintenance and so on. On the basis of
deployment type, the workforce management software market is segmented into on-premise
deployment, cloud-based deployment, SaaS deployment, and so on. On the basis of organization size,
the workforce management software market is segmented into large enterprises, small and medium
enterprises. On the basis of industry type, the workforce management software industry is
segmented into BFSI, government & defence, healthcare, transportation & logistics, telecom & IT,
manufacturing, consumer goods & retail, energy & utilities and so on. On the basis of application, the
workforce management software industry is segmented into < 100 employees, 100-499 employees,
500-999 employees, 1,000-4,999 employees and >5000 employees.
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On the basis of geography, the workforce management software market is segmented into Asia
Pacific, Latin America, Europe, North America and Middle East & Africa. Market of Workforce