The Healthcare Workforce Management Systems Market is expected to register a CAGR of 13.3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The Healthcare Workforce Management Systems Market report delivers a comprehensive market analysis, highlighting key opportunities and revenue streams within the sector. It segments the market by Product, Mode of Delivery, and end user, providing insights into trends and growth potential. The report also emphasizes regional dynamics, enabling stakeholders to identify strategic initiatives and optimize resource allocation. By understanding market dynamics, healthcare organizations can enhance operational efficiency and improve workforce productivity in the evolving landscape of healthcare management solutions.
Purpose of the ReportThe report Healthcare Workforce Management Systems Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Healthcare Workforce Management Systems Market Segmentation
Product- Healthcare Workforce Management Software
- Healthcare Workforce Management Services
- Cloud-Based
- Web-Based
- On-Premise
- Nursing Homes
- Hospitals
- Others.
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Healthcare Workforce Management Systems Market Growth Drivers- Demand for Workforce Efficiency: With the requirement to ensure workforce efficiency at an optimum level, improvement of patient care, and reduction in operational costs, pressure has increased on healthcare facilities; thus, the demand for sophisticated workforce management systems has gone through the roof. Healthcare organizations, ranging from hospitals to clinics to long-term care facilities, are constantly in pursuit of solutions that present optimized staff utilization while reducing labor costs without compromising high standards of patient care. Labor costs constitute one of the greatest expenses for healthcare providers; to many providers, these represent nearly 60% of a hospital's operational budget. Workforce management systems support an organization in forecasting staffing needs, effectively scheduling shifts, tracking employee time and attendance, and decreasing overtime costs. A significant driver for adoption is the need to cut unnecessary labor costs while ensuring adequate staffing to maintain quality care.
- Shortage of Healthcare Professionals:The shortage of healthcare professionals globally-doctors, nurses, and other allied professionals-has affected healthcare organizations. According to the WHO, by 2030 there will be an estimated global shortage of 18 million health workers. This workforce shortage makes the efficient resource allocation and management highly imperative on the part of healthcare organizations. Workforce management systems ensure that staff is scheduled optimally, avoid burnout from overwork, and proper utilization of the available workforce. In fact, workforce management tools have become quite vital for healthcare facilities dealing with growing patient demands with limited staff.
- Increasingly Complex Healthcare Workforce Regulations: Healthcare organizations belong to an industry which is very closely regulated with labor laws and regulations pertinent to their industry-including those on fair labor standards, union agreements, and regional and facility-specific staff-to-patient ratios. Non-compliance with such regulations also results in legal penalties and reputation damage. Workforce management systems that offer compliance management functionality make such a landscape manageable by automating time-tracking, overtime management, and credentialing, among others. Such tools ensure that organizations remain compliant not just with local regulations but also with national ones, and this has been deemed one of the major reasons for surging healthcare workforce management systems market size.
- Growth of employee wellbeing tools: As workforce shortages and high turnover rates continue to characterise the health sector, hitherto employee well-being has become a priority focus alongside retention. The World Health Organization projects that by 2030, there will be a worldwide shortfall of 18 million health workers, hence solutions that keep staff satisfied and prevent burnout. Most workforce management systems are revolutionizing features that will address employee wellbeing, including flexible scheduling, automated time-off requests, and work-life balance tracking tools. Secondly, the systems reduce administrative burdens, freeing employees to care for patients. These solutions help drive job satisfaction and reduce the risk of burnout, thus lowering turnover rates and improving the overall workforce. Healthcare organizations are developing innovative approaches to workforce management amid growing advanced technology integrations, changing workforce dynamics, and emerging healthcare demands. While such trends enhance operational efficiency, they are also impressing the way patient care is delivered, regulatory compliance, and employee satisfaction.
- Data-driven Decisions: Data driven decision making is increasingly important in the management of the healthcare workforce. Advanced workforce analytics provide insight for healthcare providers to make informed decisions about staff allocation, tracking performance, and managing costs. According to Deloitte, health organizations using data analytics are 25% more likely to report higher operational efficiency and 32% more likely to report better patient outcomes. Analytics will be the driver for future workforce management systems, providing insight into absenteeism, overtime usage, staff-to-patient ratios, and compliance risks. The health organization will take that insight and use it to optimize staffing strategies, increasing productivity while at the same time reducing labor costs.
- Mobile Workfoce Management: Mobile workforce management will also see increased application. These solutions enable workers in the healthcare industry to access schedules, request shift changes, and receive updates directly in real-time through mobile devices. According to the Gartner report, 80% of the workforce will be mobile by 2025, including those in the healthcare business. Mobile platforms provide ease to employees and managers since they can perform workforce-related tasks anywhere, which improves responsiveness and flexibility. Especially in big organizations where there are several locations under one healthcare, it helps the staff coordinate shifts and schedules more amicably.
- Increased deployment of cloud-based solutions: The rising demand for cloud-based workforce management therefore presents massive opportunities for companies operating within the market. Offering flexibility, scalability, and cost savings to healthcare organizations, cloud-based solutions are thus finding popularity with large healthcare providers to smaller facilities with restricted IT resources.
- IT Solutions development: Artificial intelligence and machine learning can be suitably integrated into workforce management systems for better outcomes. These emerging technologies, AI and ML, have the capacity to help in schedule optimization, forecasting of staffing needs, and enhancement of resource allocation by analyzing historical data and real-time factors. This kind of AI will also assist healthcare providers in reducing human errors in staffing decisions and improving compliance management. According to a report by Accenture, AI healthcare applications can save up to $150 billion per year by 2026. Much of that will come in the form of operational efficiencies. Companies investing in AI-driven workforce management platforms will be able to offer healthcare organizations much more intelligent predictive and automated solutions.
- Leverage Data and Anlyse Staffing Patterns: The increasing importance of data-driven decision-making in healthcare provides an enriching opportunity for companies offering workforce analytics solutions. Healthcare organizations are looking to leverage data to optimize staffing levels, reduce labor costs, and enhance overall efficiency. Companies offering sophisticated workforce analytics platforms that analyze staffing patterns, absenteeism, overtime usage, and compliance risks will make them challenging to capture market shares. According to Deloitte, health organizations that use data analytics are 25% more likely to report higher operational efficiency and 32% more likely to observe better patient outcomes. Offering analytics solutions that provide actionable insights into workforce performance will be the key competitive differentiator.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Healthcare Workforce Management Systems Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Healthcare Workforce Management Systems Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Key Players in this market are- McKesson Corporation, Workday, Inc., General Electric Company, ADP, LLC., Infor, Timeware Solutions, Inc., Kronos Incorporated, Oracle Corporation, Cornerstone OnDemand, Inc., SAP AG.
Trends in the Healthcare Workforce Management Systems market include prioritizing employee well-being, data-driven decision-making, and mobile technology integration, enhancing operational efficiency, staff satisfaction, and patient care delivery.
The market is expected to register a CAGR of 13.3% during 2023-2031
Key drivers of the Healthcare Workforce Management Systems Market include labor cost reduction, staff shortages, and complex regulations, necessitating optimized staffing, compliance management, and improved efficiency in healthcare organizations.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Healthcare Workforce Management Systems Market - By Product
1.3.2 Healthcare Workforce Management Systems Market - By Mode Of Delivery
1.3.3 Healthcare Workforce Management Systems Market - By End User
1.3.4 Healthcare Workforce Management Systems Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. HEALTHCARE WORKFORCE MANAGEMENT SOFTWARE
7.3.1. Overview
7.3.2. Healthcare Workforce Management Software Market Forecast and Analysis
7.3.3. Standalone Software Market
7.3.3.1. Overview
7.3.3.2. Standalone Software Market Forecast and Analysis
7.3.4. HR and Payroll Management Market
7.3.4.1. Overview
7.3.4.2. HR and Payroll Management Market Forecast and Analysis
7.3.5. Time and Attendance Management Software Market
7.3.5.1. Overview
7.3.5.2. Time and Attendance Management Software Market Forecast and Analysis
7.3.6. Scheduling Software Market
7.3.6.1. Overview
7.3.6.2. Scheduling Software Market Forecast and Analysis
7.3.7. Talent Management Market
7.3.7.1. Overview
7.3.7.2. Talent Management Market Forecast and Analysis
7.3.8. Workforce Analytics Market
7.3.8.1. Overview
7.3.8.2. Workforce Analytics Market Forecast and Analysis
7.4. HEALTHCARE WORKFORCE MANAGEMENT SERVICES
7.4.1. Overview
7.4.2. Healthcare Workforce Management Services Market Forecast and Analysis
8. HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - MODE OF DELIVERY
8.1. OVERVIEW
8.2. MODE OF DELIVERY MARKET FORECASTS AND ANALYSIS
8.3. CLOUD-BASED
8.3.1. Overview
8.3.2. Cloud-Based Market Forecast and Analysis
8.4. WEB-BASED
8.4.1. Overview
8.4.2. Web-Based Market Forecast and Analysis
8.5. ON-PREMISE
8.5.1. Overview
8.5.2. On-Premise Market Forecast and Analysis
9. HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1. OVERVIEW
9.2. END USER MARKET FORECASTS AND ANALYSIS
9.3. NURSING HOMES
9.3.1. Overview
9.3.2. Nursing Homes Market Forecast and Analysis
9.4. HOSPITALS
9.4.1. Overview
9.4.2. Hospitals Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Healthcare Workforce Management Systems Market Overview
10.1.2 North America Healthcare Workforce Management Systems Market Forecasts and Analysis
10.1.3 North America Healthcare Workforce Management Systems Market Forecasts and Analysis - By Product
10.1.4 North America Healthcare Workforce Management Systems Market Forecasts and Analysis - By Mode Of Delivery
10.1.5 North America Healthcare Workforce Management Systems Market Forecasts and Analysis - By End User
10.1.6 North America Healthcare Workforce Management Systems Market Forecasts and Analysis - By Countries
10.1.6.1 United States Healthcare Workforce Management Systems Market
10.1.6.1.1 United States Healthcare Workforce Management Systems Market by Product
10.1.6.1.2 United States Healthcare Workforce Management Systems Market by Mode Of Delivery
10.1.6.1.3 United States Healthcare Workforce Management Systems Market by End User
10.1.6.2 Canada Healthcare Workforce Management Systems Market
10.1.6.2.1 Canada Healthcare Workforce Management Systems Market by Product
10.1.6.2.2 Canada Healthcare Workforce Management Systems Market by Mode Of Delivery
10.1.6.2.3 Canada Healthcare Workforce Management Systems Market by End User
10.1.6.3 Mexico Healthcare Workforce Management Systems Market
10.1.6.3.1 Mexico Healthcare Workforce Management Systems Market by Product
10.1.6.3.2 Mexico Healthcare Workforce Management Systems Market by Mode Of Delivery
10.1.6.3.3 Mexico Healthcare Workforce Management Systems Market by End User
10.2. EUROPE
10.2.1 Europe Healthcare Workforce Management Systems Market Overview
10.2.2 Europe Healthcare Workforce Management Systems Market Forecasts and Analysis
10.2.3 Europe Healthcare Workforce Management Systems Market Forecasts and Analysis - By Product
10.2.4 Europe Healthcare Workforce Management Systems Market Forecasts and Analysis - By Mode Of Delivery
10.2.5 Europe Healthcare Workforce Management Systems Market Forecasts and Analysis - By End User
10.2.6 Europe Healthcare Workforce Management Systems Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Healthcare Workforce Management Systems Market
10.2.6.1.1 Germany Healthcare Workforce Management Systems Market by Product
10.2.6.1.2 Germany Healthcare Workforce Management Systems Market by Mode Of Delivery
10.2.6.1.3 Germany Healthcare Workforce Management Systems Market by End User
10.2.6.2 France Healthcare Workforce Management Systems Market
10.2.6.2.1 France Healthcare Workforce Management Systems Market by Product
10.2.6.2.2 France Healthcare Workforce Management Systems Market by Mode Of Delivery
10.2.6.2.3 France Healthcare Workforce Management Systems Market by End User
10.2.6.3 Italy Healthcare Workforce Management Systems Market
10.2.6.3.1 Italy Healthcare Workforce Management Systems Market by Product
10.2.6.3.2 Italy Healthcare Workforce Management Systems Market by Mode Of Delivery
10.2.6.3.3 Italy Healthcare Workforce Management Systems Market by End User
10.2.6.4 Spain Healthcare Workforce Management Systems Market
10.2.6.4.1 Spain Healthcare Workforce Management Systems Market by Product
10.2.6.4.2 Spain Healthcare Workforce Management Systems Market by Mode Of Delivery
10.2.6.4.3 Spain Healthcare Workforce Management Systems Market by End User
10.2.6.5 United Kingdom Healthcare Workforce Management Systems Market
10.2.6.5.1 United Kingdom Healthcare Workforce Management Systems Market by Product
10.2.6.5.2 United Kingdom Healthcare Workforce Management Systems Market by Mode Of Delivery
10.2.6.5.3 United Kingdom Healthcare Workforce Management Systems Market by End User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Healthcare Workforce Management Systems Market Overview
10.3.2 Asia-Pacific Healthcare Workforce Management Systems Market Forecasts and Analysis
10.3.3 Asia-Pacific Healthcare Workforce Management Systems Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Healthcare Workforce Management Systems Market Forecasts and Analysis - By Mode Of Delivery
10.3.5 Asia-Pacific Healthcare Workforce Management Systems Market Forecasts and Analysis - By End User
10.3.6 Asia-Pacific Healthcare Workforce Management Systems Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Healthcare Workforce Management Systems Market
10.3.6.1.1 Australia Healthcare Workforce Management Systems Market by Product
10.3.6.1.2 Australia Healthcare Workforce Management Systems Market by Mode Of Delivery
10.3.6.1.3 Australia Healthcare Workforce Management Systems Market by End User
10.3.6.2 China Healthcare Workforce Management Systems Market
10.3.6.2.1 China Healthcare Workforce Management Systems Market by Product
10.3.6.2.2 China Healthcare Workforce Management Systems Market by Mode Of Delivery
10.3.6.2.3 China Healthcare Workforce Management Systems Market by End User
10.3.6.3 India Healthcare Workforce Management Systems Market
10.3.6.3.1 India Healthcare Workforce Management Systems Market by Product
10.3.6.3.2 India Healthcare Workforce Management Systems Market by Mode Of Delivery
10.3.6.3.3 India Healthcare Workforce Management Systems Market by End User
10.3.6.4 Japan Healthcare Workforce Management Systems Market
10.3.6.4.1 Japan Healthcare Workforce Management Systems Market by Product
10.3.6.4.2 Japan Healthcare Workforce Management Systems Market by Mode Of Delivery
10.3.6.4.3 Japan Healthcare Workforce Management Systems Market by End User
10.3.6.5 South Korea Healthcare Workforce Management Systems Market
10.3.6.5.1 South Korea Healthcare Workforce Management Systems Market by Product
10.3.6.5.2 South Korea Healthcare Workforce Management Systems Market by Mode Of Delivery
10.3.6.5.3 South Korea Healthcare Workforce Management Systems Market by End User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Healthcare Workforce Management Systems Market Overview
10.4.2 Middle East and Africa Healthcare Workforce Management Systems Market Forecasts and Analysis
10.4.3 Middle East and Africa Healthcare Workforce Management Systems Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Healthcare Workforce Management Systems Market Forecasts and Analysis - By Mode Of Delivery
10.4.5 Middle East and Africa Healthcare Workforce Management Systems Market Forecasts and Analysis - By End User
10.4.6 Middle East and Africa Healthcare Workforce Management Systems Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Healthcare Workforce Management Systems Market
10.4.6.1.1 South Africa Healthcare Workforce Management Systems Market by Product
10.4.6.1.2 South Africa Healthcare Workforce Management Systems Market by Mode Of Delivery
10.4.6.1.3 South Africa Healthcare Workforce Management Systems Market by End User
10.4.6.2 Saudi Arabia Healthcare Workforce Management Systems Market
10.4.6.2.1 Saudi Arabia Healthcare Workforce Management Systems Market by Product
10.4.6.2.2 Saudi Arabia Healthcare Workforce Management Systems Market by Mode Of Delivery
10.4.6.2.3 Saudi Arabia Healthcare Workforce Management Systems Market by End User
10.4.6.3 U.A.E Healthcare Workforce Management Systems Market
10.4.6.3.1 U.A.E Healthcare Workforce Management Systems Market by Product
10.4.6.3.2 U.A.E Healthcare Workforce Management Systems Market by Mode Of Delivery
10.4.6.3.3 U.A.E Healthcare Workforce Management Systems Market by End User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Healthcare Workforce Management Systems Market Overview
10.5.2 South and Central America Healthcare Workforce Management Systems Market Forecasts and Analysis
10.5.3 South and Central America Healthcare Workforce Management Systems Market Forecasts and Analysis - By Product
10.5.4 South and Central America Healthcare Workforce Management Systems Market Forecasts and Analysis - By Mode Of Delivery
10.5.5 South and Central America Healthcare Workforce Management Systems Market Forecasts and Analysis - By End User
10.5.6 South and Central America Healthcare Workforce Management Systems Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Healthcare Workforce Management Systems Market
10.5.6.1.1 Brazil Healthcare Workforce Management Systems Market by Product
10.5.6.1.2 Brazil Healthcare Workforce Management Systems Market by Mode Of Delivery
10.5.6.1.3 Brazil Healthcare Workforce Management Systems Market by End User
10.5.6.2 Argentina Healthcare Workforce Management Systems Market
10.5.6.2.1 Argentina Healthcare Workforce Management Systems Market by Product
10.5.6.2.2 Argentina Healthcare Workforce Management Systems Market by Mode Of Delivery
10.5.6.2.3 Argentina Healthcare Workforce Management Systems Market by End User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. HEALTHCARE WORKFORCE MANAGEMENT SYSTEMS MARKET, KEY COMPANY PROFILES
13.1. MCKESSON CORPORATION
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. WORKDAY, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. GENERAL ELECTRIC COMPANY
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ADP, LLC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. INFOR.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. TIMEWARE SOLUTIONS, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. KRONOS INCORPORATED
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ORACLE
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. CORNERSTONE ONDEMAND, INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SAP AG
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. McKesson Corporation
2. Workday, Inc.
3. General Electric Company
4. ADP, LLC.
5. Infor.
6. Timeware Solutions, Inc.
7. Kronos Incorporated.
8. Oracle Corporation
9. Cornerstone OnDemand, Inc.
10. SAP AG
11. Automatic Data Processing, Inc.
12. IBM Corporation
13. ATOSS Software AG
14. Ultimate Software
15. Red Book Connect LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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