According to a new report, published by KBV research, The Global Workforce Management Market size is expected to reach $16 billion by 2030, rising at a market growth of 10.3% CAGR during the forecast period.
The On-premises segment generates a strong potential in the Global Workforce Management Market by Deployment in 2022 thereby, achieving a market value of $8.1 billion by 2030. Companies dealing with highly confidential information may opt for on-premises solutions to ensure data is stored and managed within their secure environments. Some organizations may have highly customized and integrated systems better suited for on-premises deployment, as it allows for more control over the configuration and integration with existing infrastructure. These aspects will pose lucrative growth prospects for the segment.
The Small & Medium Enterprises segment is registering a CAGR of 12% during (2023 - 2030). Small and medium enterprises (SMEs) often have budget constraints compared to larger enterprises. Workforce management solutions that are cost-effective and offer value for money are likely to attract SMEs. Numerous SMBs are experiencing a period of accelerated expansion. Scalable workforce management solutions that can adjust to an expanding enterprise's evolving requirements may hold particular appeal. These factors will boost the demand in the segment.
The Time & Attendance Management segment is leading the Global Workforce Management Market by Solution in 2022 thereby, achieving a market value of $5.8 billion by 2030. Many organizations are increasingly adopting automated time and attendance solutions to streamline processes, reduce manual errors, and enhance efficiency in managing workforce data. Stringent labor laws, compliance requirements, and the need for accurate record-keeping have driven organizations to invest in sophisticated time and attendance management systems to ensure adherence to regulations.
The Automotive & Manufacturing segment would witness a CAGR of 9.6% during (2023 - 2030). With the advent of Industry 4.0, manufacturing processes are becoming more connected and automated. Workforce management solutions integrating advanced technologies such as IoT (Internet of Things), robotics, and AI can help optimize production schedules and workforce utilization. These factors will assist in the expansion of the segment.
The North America region dominated the Global Workforce Management Market by Region in 2022 thereby, achieving a market value of $5.3 billion by 2030, growing at a CAGR of 8.9 % during the forecast period. The Europe region is exhibiting a CAGR of 9.9% during (2023 - 2030). Additionally, The Asia Pacific region is registering a CAGR of 11.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/workforce-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of UKG, Inc., SAP SE, Oracle Corporation, WorkForce Software, LLC, NICE Ltd., ActiveOps PLC, Infor, Inc. (Koch Industries), EG Workforce Solutions, SISQUAL Workforce Management, Lda., Blue Yonder Group, Inc. (Panasonic Holdings Corporation).
By Deployment
By Organization Size
By Solution
By Application
By Geography
Companies Profiled
Unique Offerings 
