Published On : 29 Aug 2016
Rapidly changing market trends and labor trends are pressurizing organizations across the world to manage their workforces efficiently. Adopting workforce management software has resolved the labor management issues of many organizations. Workforce management (WFM) software is used to gain better visibility into business metrics. Labor scheduling, work and time data collection, leave management, and task and activity management are the core functions of WFM. Potential benefits such as increased productivity, efficient attendance and time tracking, and savings in terms of money and time have boosted the demand for WFM. These are some of the findings of a new report added to the database of QYResearchReports.com.
The report on the global workforce management software market states that the market is expected to expand at a steady pace during the period between 2016 and 2021 owing to the changing platforms and dynamic trends. The report, titled ‘Global Workforce Management (WFM) Software Market 2016 Industry, Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2021,’ states that the trends in WFM are consistently changing and organizations are concentrating on adapting to the newest innovations to stay in the competitive market.
The 134-page report states that the introduction of sophisticated mobile devices, gamification, and social media prominence may impact the growth of workforce management software suites positively. With the availability of workforce management mobile applications, managing the workforce on smartphones has become simple. Workforce management is also expected to be boosted by the advent of desktop and speech analytics tools and devices that deliver a better insight into consumers and their needs.
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The report defines workforce management and highlights its applications, specifications, and characteristics. A workforce management software helps organizations better manage their global labor force by dealing with various labor laws and employee benefits. The demand for WFM software is increasing across various regions. Key companies are focusing on introducing advanced workforce management software as per the changing trends and needs of organizations.
For a competitive analysis, key companies operating in the global workforce management software market are listed in the report. ClickSoftware, Verint, VPI Corp, Calabrio, Monet Software, Interactive Intelligence, JDA Software, Skill Soft, Reflexis, Astea, Mitrefinch, Unanet, Replicon, and PARiM are some of the companies operating in the global workforce management software market. Key companies operating in the market are profiled with details such as gross margin and revenue. With industry-standard tools such as SWOT analysis, the strengths, weaknesses, opportunities, and threats of companies are studied in the research. Technological developments and new project investments are also studied in the report by the analysts. The SWOT analysis tool is also used to measure the feasibility of new projects in the global market.
The global workforce management software market is benefited by the adoption of advanced technologies. The entry of new companies is also expected to make the global market highly competitive through the forecast period.