Technology

Shared Services Center Market Specifications, Emerging Countries and Key Companies Forecast 2022

11 July 2019: The global Shared Services Center Market size is expected to reach a higher CAGR by 2022, across the globe. The market is subject to witness a substantial growth due to the easy availability of skilled labor force and lower wages in developing economies, particularly in the Asia Pacific region.

Increasing investment made by industry players for development of various innovative procedures to improve everyday dealings along with efficient operational performance and better management programs in order to achieve best possible result from given the shared services center units. Globally, the shared services centers market is predicted to grow at CAGR of 30% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

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Early adoption of shared services center allows better operational capability, cost efficiency, reduction in the complexity and enhancement in the overall efficiency of the system. These factors are expected to foster the growth of shared services center industry over the forecast period. Rise in demand for shared services center over the forecast period. The shared services center are designed such that a required organizational structure is achieved with simple workflow for a completely optimized procedural impact and provides operational excellence.

The shared services center offers management and focus on the strategic decision-making. The early adoption of shared services center helps organization in re-engineering of basic enterprise-level functions and services with efficient operational functionality and end-user optimization. Such advantages associated with early adoption of shared services centers are expected to fuel the growth of the market in the near future.

Furthermore, strong economic growth, easy availability of skilled labor force, and lower wages in developing economies across the globe are some of the key aspects responsible for sustained the growth of shared services center market, in the recent years. Favorable governmental policies such as tax relaxation initiatives, introduction of such as tax-free zones and special economic zone (SEZ) by local governments to promote adoption of shared services center, thereby driving market expansion in the recent years. However, complexity associated with implementation of shared services center framework is considered as major restraining factor for market growth. The market the given tasks are performed by functional entities follows dynamic pathing across various business units. The market further follows periodic procedure to perform different sets of tasks by leveraging best practices.

The market is broadly categorized into four major types based on end-user industry such as pharmaceutical & medicine sector, legal, banking & finance industry, and manufacturing sector. The legal SSC is considered as one of the fastest growing segment in the shared services centers industry with substantial revenue generation in the last couple of years.

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Growing popularity of the legal SSC market segment is attributed to increasing demand for subcontracting litigation support services. In addition, factors such as outsourcing of legal services has led to massive growth in the market segment. The pharmaceutical & medicine sector has also witnessed significant growth during the forecast period.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. Europe has shown major growth in recent years owing to the rise in the implementation of latest technologies, varying demographics, and existence of well-established infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the shared services center (SSC) industry with massive growth in forecast period.

Countries such as India, China and Philippines are leading the Asia-Pacific market with easy availability of skilled labor force, lower wages, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the shared services center industry are Abbott Laboratories, Allen & Overy LLP, Barclays plc, Invest Lithuania Ltd., Novartis International AG, The Western Union Company, Ahlstrom-MunksjöOyj, Aspen Pharmacare Holdings Ltd., Ernst & Young Co., Intermedix Co., NASDAQ Inc., PA Consulting Group Co., PricewaterhouseCoopers Co., Tentacle Technologies MSC Sdn.Bhd., WNS Global Services, and KPMG LLP.

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Technology

Router and Switch Market Research Till 2022: Application Movement Analysis, Business Overview and Shares

11 July 2019: The Router And Switch Market is expected to gain USD 41.03 billion by 2022. Trends such as adoption to BYOD is encouraging companies to raise their allocation of budgets to enhance network security. The rise in need to enhance network security for effective management and offering support to multiple devices coupled with risk mitigation is expected to result in further market development during the forecast period.

Router and Switch

Router and Switch Market is driven by factors such as rise in internet users and increase in bandwidth usage coupled with increase in use of Ethernet technology. Mobile phones have now become an important part of communication from the business point of view for speedy business operations. Rise in network communications and lowered operational costs with minimized time consumption are some of the factors responsible for the market growth in the forecast period.

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Based on service, the router and switch market is segmented into Ethernet service edge router, service provider core router, broadband aggregation (BRAS), Multi-service edge router, ATM Switch, Ethernet Aggregation, Ethernet Access, Internet Data Center, Ethernet Access and demarcation device. Multi-service edge router is anticipated to rise at a CAGR of 3.4% by 2022.

Geographical segmentation for router and switch industry includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe market grew at a significant CAGR in the forecast period registering a quarterly rise in the sales. Asia-Pacific regions have outgrown in the global scenario owing to increase in network infrastructure. The key players in the router & switch market include Actelis Networks, ADTRAN, ADVA Optical, ECI Telecom, Ericsson, Force10 Networks, Cisco Systems, Hatteras Networks, Huawei Technologies, Juniper Networks, RAD Data Communications Networks, Seabridge Networks, Tellabs Inc, ZTE Corporation, Telco Systems, ANDA Networks, Ceterus Networks and Foundry Networks.

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Market Segment:

Router and Switch Product Outlook (Revenue, USD Million, 2012 – 2022)
• Internet Exchange Router
• Service Provider Core Router
• Multiservice Edge Router
• Ethernet Service Edge Router
• ATM Switch

Router and Switch Service Outlook (Revenue, USD Million, 2012 – 2022)
• BRAS
• Ethernet Aggregation
• Ethernet Access
• Internet Data Center
• Others

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Technology

Marketing Automation Software Market Variables, Trends, and Scope and Size Estimation Forecast To 2025

2 July 2019: Global Marketing Automation Software Market is expected to reach USD 7.63 billion by 2025. Marketing automation is termed as a software that exists with the aim of automating marketing actions. It is a place for dealers to manage several marketing communications to advance a buyers propensity to purchase and rise alignment between marketing and sales. Platforms like HubSpot, Eloqua, and Marketo give dealers the capacity to produce, nurture, score, and qualify leads, and drive multi touch marketing communications. The Marketing Automation Software Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

Marketing Automation Software

High demand to integrate marketing efforts, rising demand for digital marketing, growing acceptance of automation tools in the retail sector are documented as major factors of Marketing Automation Software Market that are estimated to enhance the growth in the years to come. Marketing Automation Software industry is segmented based on deployment model, vertical, end users, application, and region.

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Cloud and on-premise are the deployment model that could be explored in Marketing Automation Software in the forecast period. Cloud sector accounted for the substantial market share of Marketing Automation Software and is estimated to lead the overall market in the coming years. Retail, academic and education, media and entertainment, advertising and design, manufacturing and distribution, BFSI, healthcare, and other verticals could be explored in Marketing Automation Software in the forecast period.

The market may be categorized based on end users like large enterprises, SMBS, and others that could be explored in the forecast period. The market may be categorized based on applications like social media marketing, campaign management, reporting and analytics, e-mail marketing, lead nurturing and lead scoring, mobile application, inbound marketing, and others.

Globally, North America accounted for the substantial market share of Marketing Automation Software and is estimated to lead the overall market in the coming years. the reason behind the overall market growth could be high demand for data integration services, growing number of internet & mobile users, expansion of 4G network, increasing adoption rate of cloud computing, and rising demand for SaaS cloud services. Also, presence of key manufacturers like IT firms and increasing awareness regarding cloud computing are another factors driving overall market in the region.

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Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise government initiative and favoring policy, obtainability of skilled personnel, increasing number of outsourced projects, and increasing investments. The market is estimated to grow at fastest pace in the countries like South Korea, China, and India in the coming years.

The key players of Marketing Automation Software Market Are Pardot, Adobe Systems Inc., Marketo, Sales Force, HubSpot, IBM Corporation, Oracle, and Salesforce.com. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Technology

Head Up Display Market Statistics by Revenue, Opportunities and Threats Faced by key Vendors Forecast to 2025

28 June 2019: Global Head Up Display (HUD) Market is expected to reach USD 13.5 billion by 2025. A Head Up Display (HUD) is a digital miniaturized or transparent display technology that does not need operators to change their focus from their normal viewpoints. It shows data in a person’s line of sight. Though they were originally developed for military aviation, HUDs are now used in automobiles, commercial aircraft, and others. The Head Up Display Market is estimated to grow at a significant CAGR of 25.9% over the forecast period as the scope and its applications are rising enormously across the globe.

Head Up Display

Growing awareness regarding vehicle and passenger safety, rising demand for technologically enhanced HUDs and connected vehicles, and suitability offered by grouping of satellite navigation technology and HUD system are documented as major factors of Insurance Analytics Market that are estimated to enhance the growth in the years to come. However, the technology is still at its initial stages and requires high investment on R&D activity and it is not popular among ordinary customers are the factors that may restrain overall market growth in the coming years.

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Head Up Display (HUD) Market is segmented based on type, component, application, and region.AR-Based HUD and Conventional HUD are the types that could explored in Head Up Display (HUD) in the forecast period. Software, Video Generators, Display Units, Projectors/Projection Units, and other components could be explored in Head Up Display (HUD) in the forecast period. The market may be categorized based on applications like automotive, aviation, and others that could be explored in the forecast period.

Globally, North America accounted for the substantial market share of Head Up Display (HUD) in terms of revenue and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be growing awareness regarding safety systems in aircraft and automobile manufacturing business, high disposable income, and huge customer base. The United States is a major consumer of Head Up Display (HUD) in the region.

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Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers of Head Up Display (HUD) in this region.

The key players of Head Up Display Market are Panasonic, Nippon Seiki, Garmin, Continental, Thales, DENSO, MicroVision, BAE Systems, Pioneer Corporation, and Visteon. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Technology

Telepresence Equipment Industry Demand, Future Prospect, Emerging Companies and Forecast To 2025

26 June 2019: Global Telepresence Equipment Market is anticipated to reach USD 2.45 Billion by 2025. Telepresence implies a set of technologies that permit a person to feel as if he/she is present, via tele robotics. The factors that propel the growth of the telepresence equipment industry include rising demand for robotic telepresence, technological superiority, minimized operational cost, reduced costs of travel for small and large enterprises. On the other hand, there are factors that may hamper the growth of the market including high price of installation. Telepresence Equipment Market is anticipated to grow at a significant CAGR of 2.9% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Telepresence Equipment industry may be explored by component, system type, industry type, end user, and geography. The market may be explored by component as Software, Hardware, and Service. The “Software” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 owing to works on numerous software such as CAD and cloud computing among others. The updation of software offers easy approach to IP flexibility and networks to cooperate with devices such as tablets, smartphones, and desktops.

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The Telepresence Equipment Market could be explored based on system type as Robotic Telepresence, Personal Telepresence, Holographic Telepresence, and immersive Telepresence. The market may be analyzed by industry as Enterprise could further span Private, Government, Healthcare, Commercial may be span Designing, Advertisement, Retail, Consumer may be further span Entertainment, Sports, Manufacturing Industries may include Energy, Education, other industries that could span Engineering, Construction, Space. The Telepresence Equipment industry could be explored based on end user as Small Enterprise, Medium Enterprise, and Large Enterprise.

North America accounted for the major share of the Telepresence Equipment Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include emerging telepresence systems for several domains, and application in medical sector surge the market. North America region is followed by Europe.

Some of the key players that fuel the growth of the Telepresence Equipment industry comprise Avaya Inc, Polycom, Inc, Cisco Systems Inc., Array Telepresence, VidyoInc, Huawei Technologies Co. Ltd, Cisco Systems Inc, and ZTE Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Telepresence Equipment based on End-use Outlook (Revenue, USD Million; 2014 – 2025)
• Large Enterprise
• Medium Enterprise
• Small Enterprise

Telepresence Equipment based on Type Outlook (Revenue, USD Million; 2014 – 2025)
• Multi-Codec Telepresence
• Personal Telepresence
• Immersive Telepresence
• Room based Telepresence

Telepresence Equipment Form Factor Outlook (Revenue, USD Million; 2014 – 2025)
• End-Points
• Display
• Standard Definition
• High Definition
        • Camera
• Microphone
• Infrastructure

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Technology

Precision Farming Market Revenue To Touch USD 10.23 billion Till 2025

The global Precision Farming Market size is expected to value at USD 10.23 billion by 2025. The market is subject to witness a substantial growth due to the increasing application of telematics in agriculture and growing adoption of the modern technologies in agriculture sector. Telematics services consist of tracking devices that implement global Navigation Satellite System (GNSS) to display the location of equipment for management purposes.

Tractor spraying soybean field

Precision farming systems also provides a real-time view of the location, temperature variation, ground speed, and the duration prior to maintenance is required. Globally, the precision farming market is predicted to grow at CAGR of 14.2% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

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Growing demand for telematics services from farm equipment manufactures in order to enhance overall efficiency of the products are expected to fuel the growth of precision farming industry. Enhanced efficiency and superior performance of farm equipment allows reduction in the cost of agricultural operations, thereby maximizing profit and generate excess of revenues. Such factors are substantially affecting growth of the market, in the recent years. Furthermore, an effective administrative framework helps to reduce any negative environmental impact.

Increasing adoption of the telematics technology in developed economies in order to increase overall agriculture yield in predicted to augment market growth over the forecast period. Telematics services allows farmers to gather and manage important data with the help of field equipment. Telematics technology majorly utilizes farm equipment such as sensors that are installed on tractors, and other field monitoring equipment to gather critical data, and necessary actions.

Recent technological advancement in the agriculture sector coupled with development of innovative products to increase overall agricultural yield are expected to propel market growth in the near future. With increasing adoption of modern technology coupled with future advancements in agriculture sector, precision farming industry is subject to high-end growth in developed economies and commercialized areas. Regular monitoring by government authorities and introducing set of guidelines &validations in regards to the environmental well-being acts as a driving factor for market growth, in the recent years. Additionally, increasing import and export of agriculture goods is leading to commercialization of agriculture sector.

The hardware segment is considered as one of the fastest growing segment in the precision agriculture market with substantial revenue generation in the last couple of years. The hardware segment is further categorized into automation & control, sensing components, and antennas & access networks. The automation & control systems is majorly consists of electronic measurement devices such as drones, application monitoring equipment, route-guidance equipment, remote-location sensing devices, motionless tractors, handheld electronic devices, Variable Rate Technology (VRT), and wireless modules.

Precision farming system is also termed as a satellite farming or a site-specific crop management (SSCM),involves an agricultural management technique that consists of activities such as observation, measurement and response to inter and intra-field variations in the harvests. Precision farming offers a decision support system (DSS) for agriculture management in order to optimize returns on inputs while preserving resources.

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The precision farming industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of modern agriculture technologies, an effective administrative framework, large number of governmental initiative to boost agriculture production, and existence of prominent industry players in the region. Asia-Pacific region is predicted to hold major market share in the precision farming market with massive growth in forecast period.

Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing number of schemes and programs to create awareness among farmers, growing infrastructural activities, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the precision farming industry are Ag Leader Technology, Inc., AgJunction Incorporations, CropMetrics LLC, Trimble Incorporations, AGCO Co., and Raven Industries Incorporations.

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Technology

Artificial Intelligence Market To Grow at Significant CAGR of 57.2% by 2019-2025

Global Artificial Intelligence (AI) Market is anticipated to reach USD 35,870.0 million by 2025. Artificial Intelligence (AI) is the intelligence presented by machines. It is also known as “Machine Intelligence”. The factors that propel the growth of the Artificial Intelligence (AI) industry include widespread applications in agriculture, BSFI, manufacturing, etc. Also, Artificial Intelligence finds its driving force in consumer services, big data, and growing demand for intelligent virtual supporters. On the other hand, there are factors that may hamper the growth of the market including high cost. Artificial Intelligence Market is anticipated to grow at a significant CAGR of 57.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Artificial Intelligence

Artificial Intelligence industry may be explored by solution, technology, end users, and geography. The market may be explored by solution as Software (SW), Hardware (HW), and Services. The industry could be explored based on end users as Manufacturing, Healthcare, Automotive, Agriculture, Security, Retail, Fintech, Human Resources, Law, and Marketing. The “Healthcare” segment led the market in 2017 and is anticipated to maintain its dominance by 2025 owing to rising adoption of Artificial Intelligence in diagnostic care, patient care, and drug discovery. Artificial Intelligence is also used in clinical trials, advisory boards, and congress planning.

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AI Market may be analyzed by technology as Machine Vision, Machine Learning, Deep Learning, and Natural Language Processing. The “Natural language processing (NPL) technology” segment led the Artificial Intelligence (AI) industry in 2017 and is anticipated to maintain its dominance by 2025 due to high growth rates include high implementation of Natural language processing (NPL) in numerous applications like AI robots, AI-enabled, smartphones, car-infotainment system. One of the major driving factors is the implementation of Natural language processing (NPL) for enhancing consumer services in the retail segment.

APAC accounted for the major share of the Artificial Intelligence (AI) Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing acceptance of NLP technologies and deep learning in agriculture, finance, law, and marketing applications in APAC. Furthermore, the occurrence of main players in the artificial intelligence system results in the growing acceptance of these systems in APAC.

Some of the key players that fuel the growth of the AI industry comprise Life graph, Atom wise, Inc., Sense.ly, Inc., Baidu, Inc., Zebra Medical Vision, Inc., H2O ai, NVIDIA, IBM Watson Health, Enlitic, Inc., Intel Corporation, Microsoft Corporation, and Google, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Artificial Intelligence Solution Outlook (Revenue, USD Million, 2014 – 2025)
• Hardware (HW)
• Software (SW)
• Services

Artificial Intelligence Technology Outlook (Revenue, USD Million, 2014 – 2025)
• Deep Learning
• Machine Learning
• Natural Language Processing
• Machine Vision

Artificial Intelligence End use Outlook (Revenue, USD Million, 2014 – 2025)
• Healthcare
• Robot Assisted Surgery
• Virtual Nursing Assistants
• Hospital Workflow Management
• Dosage Error Reduction
• Clinical Trial Participant Identifier
• Preliminary Diagnosis
• Automated Image Diagnosis
• BFSI
• Risk Assessment
• Financial Analysis/Research
• Investment/Portfolio Management
• Others
• Law
• Retail
• Advertising & Media
• Automotive & Transportation
• Agriculture
• Manufacturing
• Others

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Technology

4K TV Market Outlook, Executive Summary and Market Segmentation Forecast 2025

20 June 2019: Global 4K TV (Television) Market is anticipated to reach USD 380.9 billion by 2025. The ultra-definition televisions are a mixture of 4K resolution, wide color gamut (WCG), high frame rate, and high dynamic range. 4K television is a major alteration in the television manufacturing. The competition among numerous 4K television sellers has increased over the past few years.

4K TV

The factors that propel the growth of the 4K TV industry include development in graphic technology in television and rising demand for high end electronics. On the other hand, there are factors that may hamper the growth of the market including high cost related with the 4K television. 4K TV Market is anticipated to grow at a significant CAGR of 21.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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4K TV (Television) industry may be explored by screen size, technology, screen type, end user, distribution channel, and geography. The market may be explored by screen size as 52 – 65 inches, Below 52 inches, and Above 65 inches. The “52 – 65 inches” segment led the 4K TV market in 2016 and is anticipated to maintain its dominance by 2025 owing to fast introduction of advanced technologies such as Super Ultra High Definition (SUHD) and Quantum dot LEDs (QLEDs).

The 4K TV industry could be explored based on technology as Light Emitting Diode (LED), and Organic Light Emitting Diode (OLED). The market could be explored based on screen type as Curved Screen, and Flat Screen. The market could be explored based on end user as Public, and Household. The industry may be analyzed by distribution channel as Offline Store, and Online Store.

Asia-Pacific accounted for the major share of the 4K TV market size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes huge acceptance along with declining prices of 4K televisions. Asia-Pacific region is followed by the North America and it is expected to grow over the forecast period due to increasing adoption.

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Some of the key players that fuel the growth of the 4K TV industry comprise Samsung, LG Electronics, Sony Corp., Hisense, and Sharp Corp. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

4K TV Screen Sizes Outlook (Revenue, USD Billion,Volume, Million Units; 2014 – 2025)
• Below 52 inches
• 52 – 65 inches
• Above 65 inches

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Technology

4D Printing Market Research Till 2025: Country Estimates, Company Overview and Shares

20 June 2019: The global 4D Printing Market is expected to cross USD 313.1 million by 2025. 4D printing arises out of challenges encountered in 3D printing and is capable of enabling the material system to function after certain modifications. 4D printing thus offers numerous advantages over 3D printing proving critical to have a wider deployment.

4D Printing

Specifically, 4D printing offers actuation, programmability, and sensing rooted directly into the material, without relying much on electromechanical devices and systems. In addition, 4D printing enables smart materials programmed with folding mechanisms, linear actuators, bending surface and material sensors.

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Ubiquitously, 4D printing encounters challenges such as structures and design transformation from a random shape to a specified shape. In terms of hardware, this requires complexity, material programmability, precision in multi-material printing, and a variety in highly specific joints for linear expansion, bending or folding. From the software perspective, it requires efficient technology and topology to embrace the fabrication. Overall, 4D printing technology holds different approaches relevant to the printing scenarios.

4D printing market is driven by factors such as rising demand for manufacturing & processing costs and surging demand for material and resource management. Emphasis on sustainable environment, technological enhancements and use of smart materials and chemicals stimulates the market growth in the near future. In addition, rise in demand for 4D printing in several domains and a wider scope for product development and innovation triggers the market growth. However, patent issues and matters relating to intellectual property rights are likely to hinder the market growth in the forecast period upto 2025.

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Material segment for 4D printing market includes programmable carbon fiber, programmable textile, and programmable wood. End-use segmentation for 4D printing industry includes military & defense, automotive, healthcare, textile, and automotive. “Textile and automotive” segment accounts for a higher market share in the forecast period.

Geographical segmentation for 4D printing market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s 4D printing industry is likely to gain a positive traction in the forecast period due to sizeable market and increase in use of printing technology. North American and European markets are expected to account for a higher CAGR in the forecast period due to extensive R&D techniques to enhance printing. MEA market is expected to gain a positive traction in the forecast period on account of technological enhancements and adoption of 4D techniques for printing. The key players in the 4D printing industry include Stratasys Ltd, Hewlett-Packard Inc, Autodesk Inc, ExOneInc, 3D Systems Corporation and Organovo Holdings Inc.

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Technology

Workforce Management Market Development Trends, Emerging Countries and Production Status Forecast 2025

20 June 2019: The global Workforce Management Market is expected to gain a positive traction in the forecast period. Workforce planning is the logical process to gauge and resolve the vacuum between workforce and human labor needs. It is thus a foundation to derive strategic decisions pertaining to human resources. Hence, a workforce management software supplements all the activities pertaining to human resource, organizational objectives and interrelated interaction. Workforce management solution enables an organization to detect and rectify the problems that further ensure optimum use of existing resources.

Workforce Management

Workforce management market is driven by factors such as increase in modernization of work culture arising out of adoption of global trends and rise in use of digitization for designing work schedule. Increase in integration and interaction in daily operations is triggering technological and social advancements as well in companies across the globe. In addition, the shift in HR operations for administration and workforce planning is likely to contribute to the market growth in the forecast period. However, technical loopholes coupled with low awareness and dearth of technical competency negatively affects the workforce management industry.

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Based on solution, the workforce management market includes workforce scheduling, embedded analytics, time & attendance management, task management, and assigned jobs. By deployment, the market includes on-premise and cloud. Cloud technology accounts for a higher growth during the forecast period due to increase in preference by companies.

The company size segmentation for workforce management industry includes small & medium enterprise and large enterprise. Large enterprise dominate the market segment due to substantial demand for workforce management and task alignment. Application segment for workforce management market includes BFSI, government, healthcare, automotive & manufacturing and retail. Healthcare segment is expected to dominate the market in the forecast period due to enormous structure of healthcare infrastructure around the world. Patient pooling coupled with management of internal affairs is likely to foster the healthcare infrastructure with the influx of workforce management software.

Geographical segmentation for workforce management industry include North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the market growth in the forecast period due to technological advances and increase in technological deployment projects on a large scale. Asia-Pacific’s market is expected to gain a significant rise during the forecast period due to increase in technological advances and availability of large population. Middle Eastern and African markets are expected to gain a positive traction in the forecast period.

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The key players in the workforce management industry include Ceridian HCM Holding Inc, Oracle Corporation, Active Ops Limited, Eg Solutions Inc, JDA Software Group Inc, Kronos Inc, Replicon Inc, SISQUAL, and Reflexis System Inc.

Market Segment:

Solution Scope (Revenue, USD Million; 2014 – 2025)
• Workforce Scheduling
• Time & Attendance Management
• Embedded Analytics
• Absence Management
• Others

Deployment Scope (Revenue, USD Million; 2014 – 2025)
• Cloud
• On-premise

Application Scope (Revenue, USD Million; 2014 – 2025)
• Academia
• Automotive & Manufacturing
• BFSI
• Government
• Healthcare
• Retail
• Others

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