Workforce Management Market Key Findings by 2031
The growing requirement to make informed decisions among enterprises is a significant factor for the growth of the Workforce Management market across the globe. The increasing need for unified and connected enterprise and an integrated workforce management system spread across diverse locations, is predicted to enhance the demand across various end-user industries are creating lucrative opportunities for the workforce management market in the forecast period.
MARKET SCOPE
The "Global Workforce Management Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the workforce management market with detailed market segmentation by component, deployment mode, organization size, industry vertical, and geography. The report provides key statistics on the market status of the leading workforce management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global workforce management market is segmented into solutions and services.
- On the basis of deployment mode, the market is segmented into cloud and on-premises.
- Based on organization size, the market is segmented into small and medium enterprise (SME) and large enterprise.
- Based on industry vertical, the market is segmented into BFSI, telecom, government, consumer goods and retail, manufacturing, energy and utilities, transportation and logistics, healthcare, and others.
MARKET DYNAMICS
Drivers:
- The rising adoption of cloud-based workforce management solutions and increasing demand for workforce optimization and mobile applications are driving the growth of the workforce management market.
- The mounting adoption of workforce management solutions by SMEs is anticipated to create market opportunities for the Workforce management market during the forecast period.
Restraints:
- The privacy and security concerns related to workforce data deployed on the cloud may restrain the growth of the Workforce management market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The workforce management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the workforce management market in these regions.
IMPACT OF COVID-19 ON WORKFORCE MANAGEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The workforce management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the workforce management market in these regions.
IMPACT OF COVID-19 ON WORKFORCE MANAGEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the workforce management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from workforce management market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the workforce management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ADP, LLC
- Ceridian HCM, Inc.
- IBM Corporation
- Kronos Inc.
- Reflexis Systems, Inc.
- SAP SE
- Ultimate Software Group, Inc.
- Verint Systems
- Workday, Inc.
- WorkForce Software, LLC
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Workforce Management Market - By Component
1.3.2 Workforce Management Market - By Deployment Mode
1.3.3 Workforce Management Market - By Organization Size
1.3.4 Workforce Management Market - By Industry Vertical
1.3.5 Workforce Management Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WORKFORCE MANAGEMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. WORKFORCE MANAGEMENT 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. WORKFORCE MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. WORKFORCE MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. WORKFORCE MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WORKFORCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTIONS
7.3.1. Overview
7.3.2. Solutions Market Forecast and Analysis
7.3.3. Time and Attendance Management Market
7.3.3.1. Overview
7.3.3.2. Time and Attendance Management Market Forecast and Analysis
7.3.4. Leave and Absence Management Market
7.3.4.1. Overview
7.3.4.2. Leave and Absence Management Market Forecast and Analysis
7.3.5. Workforce Scheduling Market
7.3.5.1. Overview
7.3.5.2. Workforce Scheduling Market Forecast and Analysis
7.3.6. Workforce Analytics Market
7.3.6.1. Overview
7.3.6.2. Workforce Analytics Market Forecast and Analysis
7.3.7. Others Market
7.3.7.1. Overview
7.3.7.2. Others Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
7.4.3. Consulting Market
7.4.3.1. Overview
7.4.3.2. Consulting Market Forecast and Analysis
7.4.4. Implementation Market
7.4.4.1. Overview
7.4.4.2. Implementation Market Forecast and Analysis
7.4.5. Training Support and Maintenance Market
7.4.5.1. Overview
7.4.5.2. Training Support and Maintenance Market Forecast and Analysis
8. WORKFORCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT MODE
8.1. OVERVIEW
8.2. DEPLOYMENT MODE MARKET FORECASTS AND ANALYSIS
8.3. CLOUD
8.3.1. Overview
8.3.2. Cloud Market Forecast and Analysis
8.4. ON-PREMISES
8.4.1. Overview
8.4.2. On-Premises Market Forecast and Analysis
9. WORKFORCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
9.1. OVERVIEW
9.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
9.3. SMALL AND MEDIUM ENTERPRISE (SME)
9.3.1. Overview
9.3.2. Small and Medium Enterprise (SME) Market Forecast and Analysis
9.4. LARGE ENTERPRISE
9.4.1. Overview
9.4.2. Large Enterprise Market Forecast and Analysis
10. WORKFORCE MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
10.1. OVERVIEW
10.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
10.3. BFSI
10.3.1. Overview
10.3.2. BFSI Market Forecast and Analysis
10.4. TELECOM
10.4.1. Overview
10.4.2. Telecom Market Forecast and Analysis
10.5. GOVERNMENT
10.5.1. Overview
10.5.2. Government Market Forecast and Analysis
10.6. CONSUMER GOODS AND RETAIL
10.6.1. Overview
10.6.2. Consumer Goods and Retail Market Forecast and Analysis
10.7. MANUFACTURING
10.7.1. Overview
10.7.2. Manufacturing Market Forecast and Analysis
10.8. ENERGY AND UTILITIES
10.8.1. Overview
10.8.2. Energy And Utilities Market Forecast and Analysis
10.9. TRANSPORTATION AND LOGISTICS
10.9.1. Overview
10.9.2. Transportation And Logistics Market Forecast and Analysis
10.10. HEALTHCARE
10.10.1. Overview
10.10.2. Healthcare Market Forecast and Analysis
10.11. OTHERS
10.11.1. Overview
10.11.2. Others Market Forecast and Analysis
11. WORKFORCE MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Workforce Management Market Overview
11.1.2 North America Workforce Management Market Forecasts and Analysis
11.1.3 North America Workforce Management Market Forecasts and Analysis - By Component
11.1.4 North America Workforce Management Market Forecasts and Analysis - By Deployment Mode
11.1.5 North America Workforce Management Market Forecasts and Analysis - By Organization Size
11.1.6 North America Workforce Management Market Forecasts and Analysis - By Industry Vertical
11.1.7 North America Workforce Management Market Forecasts and Analysis - By Countries
11.1.7.1 United States Workforce Management Market
11.1.7.1.1 United States Workforce Management Market by Component
11.1.7.1.2 United States Workforce Management Market by Deployment Mode
11.1.7.1.3 United States Workforce Management Market by Organization Size
11.1.7.1.4 United States Workforce Management Market by Industry Vertical
11.1.7.2 Canada Workforce Management Market
11.1.7.2.1 Canada Workforce Management Market by Component
11.1.7.2.2 Canada Workforce Management Market by Deployment Mode
11.1.7.2.3 Canada Workforce Management Market by Organization Size
11.1.7.2.4 Canada Workforce Management Market by Industry Vertical
11.1.7.3 Mexico Workforce Management Market
11.1.7.3.1 Mexico Workforce Management Market by Component
11.1.7.3.2 Mexico Workforce Management Market by Deployment Mode
11.1.7.3.3 Mexico Workforce Management Market by Organization Size
11.1.7.3.4 Mexico Workforce Management Market by Industry Vertical
11.2. EUROPE
11.2.1 Europe Workforce Management Market Overview
11.2.2 Europe Workforce Management Market Forecasts and Analysis
11.2.3 Europe Workforce Management Market Forecasts and Analysis - By Component
11.2.4 Europe Workforce Management Market Forecasts and Analysis - By Deployment Mode
11.2.5 Europe Workforce Management Market Forecasts and Analysis - By Organization Size
11.2.6 Europe Workforce Management Market Forecasts and Analysis - By Industry Vertical
11.2.7 Europe Workforce Management Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Workforce Management Market
11.2.7.1.1 Germany Workforce Management Market by Component
11.2.7.1.2 Germany Workforce Management Market by Deployment Mode
11.2.7.1.3 Germany Workforce Management Market by Organization Size
11.2.7.1.4 Germany Workforce Management Market by Industry Vertical
11.2.7.2 France Workforce Management Market
11.2.7.2.1 France Workforce Management Market by Component
11.2.7.2.2 France Workforce Management Market by Deployment Mode
11.2.7.2.3 France Workforce Management Market by Organization Size
11.2.7.2.4 France Workforce Management Market by Industry Vertical
11.2.7.3 Italy Workforce Management Market
11.2.7.3.1 Italy Workforce Management Market by Component
11.2.7.3.2 Italy Workforce Management Market by Deployment Mode
11.2.7.3.3 Italy Workforce Management Market by Organization Size
11.2.7.3.4 Italy Workforce Management Market by Industry Vertical
11.2.7.4 Spain Workforce Management Market
11.2.7.4.1 Spain Workforce Management Market by Component
11.2.7.4.2 Spain Workforce Management Market by Deployment Mode
11.2.7.4.3 Spain Workforce Management Market by Organization Size
11.2.7.4.4 Spain Workforce Management Market by Industry Vertical
11.2.7.5 United Kingdom Workforce Management Market
11.2.7.5.1 United Kingdom Workforce Management Market by Component
11.2.7.5.2 United Kingdom Workforce Management Market by Deployment Mode
11.2.7.5.3 United Kingdom Workforce Management Market by Organization Size
11.2.7.5.4 United Kingdom Workforce Management Market by Industry Vertical
11.2.7.6 Russia Workforce Management Market
11.2.7.6.1 Russia Workforce Management Market by Component
11.2.7.6.2 Russia Workforce Management Market by Deployment Mode
11.2.7.6.3 Russia Workforce Management Market by Organization Size
11.2.7.6.4 Russia Workforce Management Market by Industry Vertical
11.2.7.7 Rest of Europe Workforce Management Market
11.2.7.7.1 Rest of Europe Workforce Management Market by Component
11.2.7.7.2 Rest of Europe Workforce Management Market by Deployment Mode
11.2.7.7.3 Rest of Europe Workforce Management Market by Organization Size
11.2.7.7.4 Rest of Europe Workforce Management Market by Industry Vertical
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Workforce Management Market Overview
11.3.2 Asia-Pacific Workforce Management Market Forecasts and Analysis
11.3.3 Asia-Pacific Workforce Management Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Workforce Management Market Forecasts and Analysis - By Deployment Mode
11.3.5 Asia-Pacific Workforce Management Market Forecasts and Analysis - By Organization Size
11.3.6 Asia-Pacific Workforce Management Market Forecasts and Analysis - By Industry Vertical
11.3.7 Asia-Pacific Workforce Management Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Workforce Management Market
11.3.7.1.1 Australia Workforce Management Market by Component
11.3.7.1.2 Australia Workforce Management Market by Deployment Mode
11.3.7.1.3 Australia Workforce Management Market by Organization Size
11.3.7.1.4 Australia Workforce Management Market by Industry Vertical
11.3.7.2 China Workforce Management Market
11.3.7.2.1 China Workforce Management Market by Component
11.3.7.2.2 China Workforce Management Market by Deployment Mode
11.3.7.2.3 China Workforce Management Market by Organization Size
11.3.7.2.4 China Workforce Management Market by Industry Vertical
11.3.7.3 India Workforce Management Market
11.3.7.3.1 India Workforce Management Market by Component
11.3.7.3.2 India Workforce Management Market by Deployment Mode
11.3.7.3.3 India Workforce Management Market by Organization Size
11.3.7.3.4 India Workforce Management Market by Industry Vertical
11.3.7.4 Japan Workforce Management Market
11.3.7.4.1 Japan Workforce Management Market by Component
11.3.7.4.2 Japan Workforce Management Market by Deployment Mode
11.3.7.4.3 Japan Workforce Management Market by Organization Size
11.3.7.4.4 Japan Workforce Management Market by Industry Vertical
11.3.7.5 South Korea Workforce Management Market
11.3.7.5.1 South Korea Workforce Management Market by Component
11.3.7.5.2 South Korea Workforce Management Market by Deployment Mode
11.3.7.5.3 South Korea Workforce Management Market by Organization Size
11.3.7.5.4 South Korea Workforce Management Market by Industry Vertical
11.3.7.6 Rest of Asia-Pacific Workforce Management Market
11.3.7.6.1 Rest of Asia-Pacific Workforce Management Market by Component
11.3.7.6.2 Rest of Asia-Pacific Workforce Management Market by Deployment Mode
11.3.7.6.3 Rest of Asia-Pacific Workforce Management Market by Organization Size
11.3.7.6.4 Rest of Asia-Pacific Workforce Management Market by Industry Vertical
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Workforce Management Market Overview
11.4.2 Middle East and Africa Workforce Management Market Forecasts and Analysis
11.4.3 Middle East and Africa Workforce Management Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Workforce Management Market Forecasts and Analysis - By Deployment Mode
11.4.5 Middle East and Africa Workforce Management Market Forecasts and Analysis - By Organization Size
11.4.6 Middle East and Africa Workforce Management Market Forecasts and Analysis - By Industry Vertical
11.4.7 Middle East and Africa Workforce Management Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Workforce Management Market
11.4.7.1.1 South Africa Workforce Management Market by Component
11.4.7.1.2 South Africa Workforce Management Market by Deployment Mode
11.4.7.1.3 South Africa Workforce Management Market by Organization Size
11.4.7.1.4 South Africa Workforce Management Market by Industry Vertical
11.4.7.2 Saudi Arabia Workforce Management Market
11.4.7.2.1 Saudi Arabia Workforce Management Market by Component
11.4.7.2.2 Saudi Arabia Workforce Management Market by Deployment Mode
11.4.7.2.3 Saudi Arabia Workforce Management Market by Organization Size
11.4.7.2.4 Saudi Arabia Workforce Management Market by Industry Vertical
11.4.7.3 U.A.E Workforce Management Market
11.4.7.3.1 U.A.E Workforce Management Market by Component
11.4.7.3.2 U.A.E Workforce Management Market by Deployment Mode
11.4.7.3.3 U.A.E Workforce Management Market by Organization Size
11.4.7.3.4 U.A.E Workforce Management Market by Industry Vertical
11.4.7.4 Rest of Middle East and Africa Workforce Management Market
11.4.7.4.1 Rest of Middle East and Africa Workforce Management Market by Component
11.4.7.4.2 Rest of Middle East and Africa Workforce Management Market by Deployment Mode
11.4.7.4.3 Rest of Middle East and Africa Workforce Management Market by Organization Size
11.4.7.4.4 Rest of Middle East and Africa Workforce Management Market by Industry Vertical
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Workforce Management Market Overview
11.5.2 South and Central America Workforce Management Market Forecasts and Analysis
11.5.3 South and Central America Workforce Management Market Forecasts and Analysis - By Component
11.5.4 South and Central America Workforce Management Market Forecasts and Analysis - By Deployment Mode
11.5.5 South and Central America Workforce Management Market Forecasts and Analysis - By Organization Size
11.5.6 South and Central America Workforce Management Market Forecasts and Analysis - By Industry Vertical
11.5.7 South and Central America Workforce Management Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Workforce Management Market
11.5.7.1.1 Brazil Workforce Management Market by Component
11.5.7.1.2 Brazil Workforce Management Market by Deployment Mode
11.5.7.1.3 Brazil Workforce Management Market by Organization Size
11.5.7.1.4 Brazil Workforce Management Market by Industry Vertical
11.5.7.2 Argentina Workforce Management Market
11.5.7.2.1 Argentina Workforce Management Market by Component
11.5.7.2.2 Argentina Workforce Management Market by Deployment Mode
11.5.7.2.3 Argentina Workforce Management Market by Organization Size
11.5.7.2.4 Argentina Workforce Management Market by Industry Vertical
11.5.7.3 Rest of South and Central America Workforce Management Market
11.5.7.3.1 Rest of South and Central America Workforce Management Market by Component
11.5.7.3.2 Rest of South and Central America Workforce Management Market by Deployment Mode
11.5.7.3.3 Rest of South and Central America Workforce Management Market by Organization Size
11.5.7.3.4 Rest of South and Central America Workforce Management Market by Industry Vertical
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. WORKFORCE MANAGEMENT MARKET, KEY COMPANY PROFILES
13.1. ADP, LLC
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. CERIDIAN HCM, 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. IBM CORPORATION
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. KRONOS INC.
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. REFLEXIS SYSTEMS, INC.
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. SAP SE
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. ULTIMATE SOFTWARE GROUP, INC.
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. VERINT SYSTEMS
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. WORKDAY, 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. WORKFORCE SOFTWARE, LLC
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. ADP, LLC
2. Ceridian HCM, Inc.
3. IBM Corporation
4. Kronos Inc.
5. Reflexis Systems, Inc.
6. SAP SE
7. Ultimate Software Group, Inc.
8. Verint Systems
9. Workday, Inc.
10. WorkForce Software, 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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