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Workforce Management Market Size, Share, Trends, Analysis, Report and Forecast to 2022

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According to Stratistics MRC, the Global Workforce Management market is estimated at $4.71 billion in 2016.

GAITHERSBURG, MARYLAND, US, May 3, 2017 /EINPresswire.com/ -- According to Stratistics MRC, the Global Workforce Management market is estimated at $4.71 billion in 2016 and is expected to reach $9.01 billion by 2022 growing at a CAGR of 11.4% from 2016 to 2022. Rising demand for automation and increasing cloud based solution are the major factors influencing the market growth. Whereas huge switching cost form traditional software to automation and lack of awareness among companies are some of the factors restraining the market growth.

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In deployment type, Cloud-Based deployment is expected to move at highest CAGR during forecast period owing to huge organisation structure and large number of offices across the regions. However, On-Premise type commanded largest market share in 2016. High rate of adoption in countries like Germany and United Kingdom is one of the key drivers for the European region to move with highest CAGR during forecast period.

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Some of the key players in the market include Atoss Software AG, Automatic Data Processing (ADP), LLC., Clicksoftware Technologies Ltd., Hot Schedules, Huntington Business Systems (HBS), Inc., Infor Global Solution, International Business Machines (IBM) Corporation, Kronos, Inc., Oracle Coporation, Reflexis Systems, Inc., SAP SE, Ultimate Software Group, Inc., Verint Systems, Inc., Workday, Inc. And Workforce Software, LLC.

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