Workforce Management Market 2021 Trends, Share, Size, Growth, Opportunity and Forecast to 2031

 Workforce Management Market 2021-2031

The global workforce management market is anticipated to expand at around 10% CAGR throughout the period of 2021 to 2031.

With growing adoption of advanced solutions and development of new business models after the advent of artificial intelligence and machine learning, countries in East Asia and Europe are expected to witness potential growth opportunities. Also, these regions are witnessing rapid growth in their IT infrastructure with rising penetration of digitization at workplaces. Therefore, workforce management solution vendors can focus on expanding their operations in these regional markets in order to reach new growth avenues.

Overall, workforce management is increasingly being implemented across different industry verticals such as education, government, transportation, and BFSI, among others. The BFSI industry vertical accounts for more than 15% of the global market share, whereas, retail & CPG is anticipated to hold the largest share of more than 22% of the market.

Key Players:

The report has profiled some of the Important players prevalent in the global like – IBM Corporation, Oracle Corporation, UKG Inc., SAP, Blue Yonder, Infor, Paypro Workforce Management, Workday, Inc., ActivTrak, Reflexis Systems, ADP, and Verint and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Workforce Management.

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Key Takeaways from Market Study

• North America was the leading market in 2020 in terms of value for workforce management. Over the coming years, East Asia is expected to be a key market for sustainable revenue, with rising demand for workforce management solutions from various industry verticals.
• The retail and CPG industry is expected to offer higher incremental opportunity during the forecast period, as demand for workforce management is increasing significantly, owing to rise in demand for the automation of processes.
• There has been rise in demand for workforce management solutions across retail, BFSI, and IT and telecom, verticals owing to increasing demand for automated processes and cloud-based workforce management solutions.
• With growing adoption of workforce management solutions and services, countries in Asia Pacific such as India, China, and Japan are expected to witness potential growth opportunities.
• The market in the U.S. is projected to expand at a CAGR of over 9% through 2031.
• China and India are expected to progress at an impressive CAGR of more than 10% each, through 2031.

“Growing demand for cloud-based workforce management solutions one of the major factors driving sales of workforce management solutions,” says a Persistence Market Research analyst.

Key Stakeholders
Workforce Management Market Manufacturers
Workforce Management Market Distributors/Traders/Wholesalers
Workforce Management Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Major Highlights of the Workforce Management Market Report:

• The Workforce Management Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
• The report dives deeper into the market and explains the dynamic factors bolstering market growth.
• The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
• The report analyzes the Workforce Management Market presence across major regions of the world.
• It determines the production & consumption capacities and demand & supply dynamics of each regional market.
• The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
• It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.

• What will the Market growth rate in Future?
• What are the key factors driving the global Market?
• Who are the key manufacturers in Market space?
• What are the opportunities and threats faced by the vendors in the global industry?
• What are sales, revenue, and price analysis by regions of industry?

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