Global Workforce Management Software Market 2024-2028

The workforce management software market is forecasted to grow by USD 3.08 bn during 2023-2028, accelerating at a CAGR of 7.66% during the forecast period. The report on the workforce management software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by regulatory compliance associated with workforce management, increasing need to streamline HR functions, and increased software budgets by organizations.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.46%
CAGR	7.66%
Incremental Value	$3.08bn

Technavio's workforce management software market is segmented as below:

By End-user

IT and telecom
BFSI
Healthcare
Manufacturing
Consumer goods and retail and others

By Deployment

Cloud based
On-premises

By Geographical Landscape

North America
Europe
APAC
Middle East and Africa
South America

This study identifies the rising adoption of digital HR technology as one of the prime reasons driving the workforce management software market growth during the next few years. Also, increasing popularity of advanced workforce analytics and high utilization of social media for recruitment will lead to sizable demand in the market.

The report on the workforce management software market covers the following areas:

Workforce management software market sizing
Workforce management software market forecast
Workforce management software market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading workforce management software market vendors that include 7shifts, ActiveOps PLC, Advanced Computer Software Group Ltd., ATOSS Software AG, Automatic Data Processing Inc., Bamboo HR LLC, International Business Machines Corp., Koch Industries Inc., NICE Ltd., Oracle Corp., Panasonic Holdings Corp., Paycor Inc., PTC Inc., Rippling People Center Inc., Sage Group Plc, SAP SE, UKG Inc., Verint Systems Inc., Workday Inc., Zoho Corp. Pvt. Ltd., and Ceridian HCM Holding Inc.. Also, the workforce management software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR44428

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Deployment
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global workforce management software (WFM) market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global workforce management software (wfm) market 2018 - 2022 ($ billion)
4.2 End-user Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Deployment Mode Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Deployment Mode Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 IT and telecom - Market size and forecast 2023-2028
Exhibit 34: Chart on IT and telecom - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on IT and telecom - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on IT and telecom - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on IT and telecom - Year-over-year growth 2023-2028 (%)
6.4 BFSI - Market size and forecast 2023-2028
Exhibit 38: Chart on BFSI - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on BFSI - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on BFSI - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on BFSI - Year-over-year growth 2023-2028 (%)
6.5 Healthcare - Market size and forecast 2023-2028
Exhibit 42: Chart on Healthcare - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Healthcare - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Healthcare - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
6.6 Manufacturing - Market size and forecast 2023-2028
Exhibit 46: Chart on Manufacturing - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Manufacturing - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Manufacturing - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Manufacturing - Year-over-year growth 2023-2028 (%)
6.7 Consumer goods and retail and others - Market size and forecast 2023-2028
Exhibit 50: Chart on Consumer goods and retail and others - Market size and forecast 2023-2028 ($ billion)
Exhibit 51: Data Table on Consumer goods and retail and others - Market size and forecast 2023-2028 ($ billion)
Exhibit 52: Chart on Consumer goods and retail and others - Year-over-year growth 2023-2028 (%)
Exhibit 53: Data Table on Consumer goods and retail and others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by End-user
Exhibit 54: Market opportunity by End-user ($ billion)
Exhibit 55: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Deployment

7.1 Market segments
Exhibit 56: Chart on Deployment - Market share 2023-2028 (%)
Exhibit 57: Data Table on Deployment - Market share 2023-2028 (%)
7.2 Comparison by Deployment
Exhibit 58: Chart on Comparison by Deployment
Exhibit 59: Data Table on Comparison by Deployment
7.3 Cloud based - Market size and forecast 2023-2028
Exhibit 60: Chart on Cloud based - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Cloud based - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Cloud based - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Cloud based - Year-over-year growth 2023-2028 (%)
7.4 On-premises - Market size and forecast 2023-2028
Exhibit 64: Chart on On-premises - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on On-premises - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on On-premises - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on On-premises - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Deployment
Exhibit 68: Market opportunity by Deployment ($ billion)
Exhibit 69: Data Table on Market opportunity by Deployment ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Exhibit 111: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ billion)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 ActiveOps PLC
Exhibit 123: ActiveOps PLC - Overview
Exhibit 124: ActiveOps PLC - Business segments
Exhibit 125: ActiveOps PLC - Key offerings
Exhibit 126: ActiveOps PLC - Segment focus
12.4 ATOSS Software AG
Exhibit 127: ATOSS Software AG - Overview
Exhibit 128: ATOSS Software AG - Product / Service
Exhibit 129: ATOSS Software AG - Key offerings
12.5 Automatic Data Processing Inc.
Exhibit 130: Automatic Data Processing Inc. - Overview
Exhibit 131: Automatic Data Processing Inc. - Business segments
Exhibit 132: Automatic Data Processing Inc. - Key news
Exhibit 133: Automatic Data Processing Inc. - Key offerings
Exhibit 134: Automatic Data Processing Inc. - Segment focus
12.6 Bamboo HR LLC
Exhibit 135: Bamboo HR LLC - Overview
Exhibit 136: Bamboo HR LLC - Product / Service
Exhibit 137: Bamboo HR LLC - Key offerings
12.7 Koch Industries Inc.
Exhibit 138: Koch Industries Inc. - Overview
Exhibit 139: Koch Industries Inc. - Product / Service
Exhibit 140: Koch Industries Inc. - Key news
Exhibit 141: Koch Industries Inc. - Key offerings
12.8 NICE Ltd.
Exhibit 142: NICE Ltd. - Overview
Exhibit 143: NICE Ltd. - Business segments
Exhibit 144: NICE Ltd. - Key news
Exhibit 145: NICE Ltd. - Key offerings
Exhibit 146: NICE Ltd. - Segment focus
12.9 Oracle Corp.
Exhibit 147: Oracle Corp. - Overview
Exhibit 148: Oracle Corp. - Business segments
Exhibit 149: Oracle Corp. - Key news
Exhibit 150: Oracle Corp. - Key offerings
Exhibit 151: Oracle Corp. - Segment focus
12.10 Paycor Inc.
Exhibit 152: Paycor Inc. - Overview
Exhibit 153: Paycor Inc. - Product / Service
Exhibit 154: Paycor Inc. - Key offerings
12.11 Rippling People Center Inc.
Exhibit 155: Rippling People Center Inc. - Overview
Exhibit 156: Rippling People Center Inc. - Product / Service
Exhibit 157: Rippling People Center Inc. - Key offerings
12.12 Sage Group Plc
Exhibit 158: Sage Group Plc - Overview
Exhibit 159: Sage Group Plc - Business segments
Exhibit 160: Sage Group Plc - Key offerings
Exhibit 161: Sage Group Plc - Segment focus
12.13 SAP SE
Exhibit 162: SAP SE - Overview
Exhibit 163: SAP SE - Business segments
Exhibit 164: SAP SE - Key news
Exhibit 165: SAP SE - Key offerings
Exhibit 166: SAP SE - Segment focus
12.14 UKG Inc.
Exhibit 167: UKG Inc. - Overview
Exhibit 168: UKG Inc. - Product / Service
Exhibit 169: UKG Inc. - Key offerings
12.15 Verint Systems Inc.
Exhibit 170: Verint Systems Inc. - Overview
Exhibit 171: Verint Systems Inc. - Product / Service
Exhibit 172: Verint Systems Inc. - Key offerings
12.16 Workday Inc.
Exhibit 173: Workday Inc. - Overview
Exhibit 174: Workday Inc. - Product / Service
Exhibit 175: Workday Inc. - Key news
Exhibit 176: Workday Inc. - Key offerings
12.17 Zoho Corp. Pvt. Ltd.
Exhibit 177: Zoho Corp. Pvt. Ltd. - Overview
Exhibit 178: Zoho Corp. Pvt. Ltd. - Product / Service
Exhibit 179: Zoho Corp. Pvt. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 182: Currency conversion rates for US$
13.4 Research methodology
Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources
13.5 List of abbreviations
Exhibit 186: List of abbreviations