Workforce Management Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, And Forecast Up to 2021 (Trending Report)

Japan, Japan, Thu, 13 Jan 2022 07:50:34 / Comserve Inc. / -- The WFM market size is expected to grow USD 4.49 billion in 2016 to USD 7.37 billion by 2021, at a CAGR of 10.4% from 2016 to 2021. The primary reasons behind the adoption of WFM solutions is the need to optimize

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The WFM market size is expected to grow USD 4.49 billion in 2016 to USD 7.37 billion by 2021, at a CAGR of 10.4% from 2016 to 2021. The primary reasons behind the adoption of WFM solutions is the need to optimize workforce and the rapid increase in mobile applications. These solutions help organizations bring transparency into Human Resources (HR) operations and processes and hence improve their decision making abilities by understanding the role of human capital in the organization. The rise of cloud deployment is another driver for implementing remote workforce solutions, but the lack of awareness of workforce tools and solutions promotes the use of traditional management methods.

"Implementation services is projected to showcase robust growth in the WFM market"
The WFM professional services help clients in planning, designing, implementing, training, auditing, and managing solutions to streamline the business growth. Professional services are required in the IT industry during solution implementation or after the deployment.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-107978
The Final Report will cover the impact analysis of COVID-19 on this industry: Workforce Management Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, And Forecast Up to 2021 (Trending Report)

"Europe is expected to have the highest growth rate during the forecast period"
The demographic changes and aging population in Europe are helping raise the awareness and improve practices in organizations. Moreover, in Europe, countries such the U.K. and Germany are adopting changes in WFM. Compared to the other regions, European companies, both private and public, are constantly facing tight budgets, risk, and high competition; therefore, they require better software and solutions to maximize the efficiency of their workforce. Apart from these driving factors, the major restraint for the growth of this market is the different regulatory compliance in different countries, which restricts the vendors from offering similar solutions and platforms all over Europe.

This market research report analyzes key opportunities in the market space and provides critical market data in terms of revenue opportunity and regional adoption trends. The report also highlights major drivers, challenges, and current and future expected market trends in the IT-based WFM market space.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is as follows:
• By Company: Tier 1 – 36 %, Tier 2 – 21% and Tier 3 – 43%
• By Designation: C level – 83%, Manager level – 17%
• By Region: North America – 70%, Europe – 15%, APAC – 15%
Research Coverage:
The report includes in-depth competitive analysis of these key players in the managed security service market, with their company profiles, recent developments, and key market strategies. The research report segments the managed security service market by service, deployment type, organization size, vertical, and region.

Reasons to buy the Report
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, social, technological, and economic factors. The dollar fluctuations are expected to not seriously affect the forecast in the emerging regions.

The report will help the market leaders or new entrants in this market in the following ways:
1. This report segments the market into various sub-segments, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across different end users and regions.

2. This report will help in the better understanding of the competitors and gain more insights to better one's position in the market. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers and acquisitions, partnerships, and agreements. Besides, there are company profiles of ten players in this market. In this section, market internals are provided to help them stay ahead in the competition.
3. The report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 LIMITATIONS 16
1.5 CURRENCY 16
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key industry insights 20
2.1.2.3 Breakdown of primary interviews 20
2.2 MARKET SIZE ESTIMATION 21
2.2.1 BOTTOM-UP APPROACH 21

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Hina Miyazu

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

The post Workforce Management Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, And Forecast Up to 2021 (Trending Report) appeared first on Comserveonline.

Market News and Data brought to you by Benzinga APIs