DUBLIN, May 19, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the
"Global Workforce Management Software Market 2017-2021" report to
their offering.
The global workforce management software market to grow at a
CAGR of 8.49% during the period 2017-2021.
The report, Global Workforce Management Software Market
2017-2021, has been prepared based on an in-depth market analysis
with inputs from industry experts. The report covers the market
landscape and its growth prospects over the coming years. The
report also includes a discussion of the key vendors operating in
this market.
One trend in market is surging usage of social media. The
widespread use of social media in the human resource management
(HRM) industry is increasing business opportunities for the
vendors. Job sharing via social media networks is contributing to
the growth of the market. The social media boom resulted in
companies altering their policies on the Internet usage, sales and
marketing, recruitment, and employee retention to include the
insights obtained.
According to the report, one driver in market is increased HR
software budgets. There is a significant increase in HR spending on
technology in organizations of all verticals. It is because the
labor market is continuing to grow and companies are shifting their
focus toward recruitment, engagement, retention, and employee
development. Businesses are finding it hard to recruit, retain,
engage, and develop their people. These pressures on HR have forced
organizations to invest in talent solutions. The HR teams that are
well funded and closely aligned with their business leaders have
delivered far greater value to the business with respect to the
global economy and economic drivers across the world.
Further, the report states that one challenges in market is threat
from open-source software. A number of organizations have developed
open-source software solutions that are available to end-users free
of cost. Open-source solutions enable users to make changes to the
software as per their requirements. Therefore, organizations that
have a low budget for workforce management software solutions
prefer open-source software. This reduces the demand for paid
workforce management software solutions. Certain workforce
management software developers are offering their solutions for
free to small businesses with certain restrictions. These
open-source and free software are likely to adversely affect the
sales of workforce management software and hinder its market
growth.
Key vendors
- ADP
- Ceridian HCM
- Kronos
- Oracle
- SAP
- Ultimate Software
Other prominent vendors
- Ascentis
- ATOSS Software
- BambooHR
- HR Bakery
- iCIMS
- Others
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Five forces analysis
PART 07: Market segmentation by deployment model
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Buying criteria
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
For more information about this report visit
http://www.researchandmarkets.com/research/cg4b3m/global_workforce
Media Contact:
Research and Markets
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SOURCE Research and Markets