[Research Report] The time tracking solution market size is expected to reach US$ 17,601.72 million by 2030 from US$ 2,971.57 million in 2022, at an estimated CAGR of 24.9% from 2022 to 2030.
Analyst Perspective:
Time tracking solutions are becoming increasingly popular among companies wanting to track employee working hours. Cloud-based time-tracking solutions are becoming more popular due to their accessibility, easy scalability, and automatic updates. These solutions also provide real-time tracking and reporting. Further, integration with other software tools, such as project management, accounting, and payroll systems, was a key selling point for many time-tracking solutions. Seamless data flow between these systems improved efficiency. Several companies are launching new time-tracking software in the market. In April 2023, Tempo Software announced an integration for Atlassian's Jira Align to provide insights on how developer time is invested across product portfolios and provide time tracking solutions.
Time Tracking Solution Market Overview:
The time-tracking software helps businesses allocate employee time and resources more effectively by understanding where time is spent and where improvements can be made. It allows employers to monitor employee productivity, identify bottlenecks, and optimize workflows to enhance efficiency. Integrating time tracking with project management tools enables better project planning, budgeting, and tracking of billable hours, leading to more accurate project delivery. It facilitates accurate client billing by tracking billable hours, reducing disputes, and ensuring fair compensation. Also, it streamlines payroll processing by automatically calculating worked hours, overtime, and leave accruals, reducing payroll errors, and saving time, and supports the management of remote and distributed teams by providing insights into remote employees' activities and work hours.
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Time Tracking Solution Market: Strategic Insights
Market Size Value in US$ 2,971.57 million in 2022 Market Size Value by US$ 17,601.72 million by 2030 Growth rate CAGR of 24.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Time Tracking Solution Market: Strategic Insights
| Market Size Value in | US$ 2,971.57 million in 2022 |
| Market Size Value by | US$ 17,601.72 million by 2030 |
| Growth rate | CAGR of 24.9% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Time Tracking Solution Market Driver:
Increase in Remote Working and BYOD Drives Time Tracking Solution Market Growth
The increase in remote working mode and bring your own device (BYOD) is driving the time-tracking solution market. While working remotely, each team member's activities can be tracked hourly or daily using time-tracking software. As a result, it is simple to distinguish between the time an employee actually spent working and the time they took breaks. In the remote working mode, the time-tracking solution provides accurate insights on ongoing projects and reveals important operational indicators that would otherwise go unnoticed. Further, the time tracking solution helps in benchmarking, budgeting, estimating, and compliance. While in remote working and BYOD, the teams become more efficient, businesses become more successful, and organizations become more productive with the help of time-tracking solutions, as the solution helps to smoothly monitor the employees working hours and other activities regarding the project.
After the pandemic, the remote mode of working has increased significantly. For instance, according to Finance Online, the COVID-19 pandemic led 85% of businesses to implement BYOD policies. The growing implementation of BYOD puts pressure on organizations to monitor the overall employee work. Also, as of December 2022, according to "The National Institute of Standards and Technology," before the outbreak, more than 95% of organizations allowed employees to use their own devices for work. Thus, increased emphasis on remote mode of working and BYOD creates demand for the time tracking solution. Further, with the increase in remote working mode and BYOD, employees are showing fake working hours. To put an end to this, several software-developing companies are providing time-tracking solutions for remote working. Companies such as Time Doctor, ProHance, and Ruddr provide time-tracking solutions for remotely working employees. Thus, the increase in remote working and BYOD is acting as the driver for the time tracking solution market growth.
Time Tracking Solution Market Report Segmentation and Scope:
The "Time Tracking Solution Market" is segmented based on deployment, organization size, application, and geography. Based on deployment, the time tracking solution market is bifurcated into cloud and on-premises. By organization size, the time tracking solution market is bifurcated into small and medium enterprises and large enterprises. Based on application, the time tracking solution market is segmented into tracking and reporting, project management, and payroll. By geography, the time tracking solution market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Time Tracking Solution Market Segmental Analysis:
Based on enterprise size, the time tracking solution market is segmented into small and medium enterprises and large enterprises. The large enterprises segment held a larger share of the time tracking solution market in 2022. Large enterprises include companies with more than 500 employees. An enterprise can be a corporation, a quasi-corporation, a non-profit institution, or an unincorporated enterprise. Enterprises can be classified into several categories according to size; different criteria are considered, but the most common is the number of people employed. Large enterprises need to manage a much larger number of employees and require more complex technology. Time tracking software is an ingenious invention that allows large enterprises to gather raw data and analyze this data better to understand productivity, employee performance, and security concerns. Time tracking software is a must in remote workplaces. It can also improve the visibility of data and prevent catastrophic loss of data in the case of data breaches. Hence, time tracking solutions are widely used in large enterprises.
Time Tracking Solution Market Regional Analysis:
The North America time tracking solution market size was valued at US$ 1,019.28 million in 2022 and is projected to reach US$ 5,944.05 million by 2030; it is expected to register a CAGR of 24.7% during 2022–2030. The North America time tracking solution market is segmented into the US, Canada, and Mexico. The US held the largest share of the North America time tracking solution market in 2022. Time theft is a major problem in the US, with estimates suggesting it costs businesses billions of dollars yearly. The time tracking solution market is growing due to time theft for several reasons. One of the reasons is that time tracking software is becoming more sophisticated and can track employee time more accurately. The increasing adoption of remote work makes it more difficult for businesses to track employee time, driving the demand for time tracking software. According to the report of the Epay system, US employers cost more than US$ 400 billion per year in lost productivity. Also, 10 and 15 minutes here and there add up to big losses over time. 93% of employees in the US report that their paychecks are consistently delivered on schedule due to time tracking tools. Companies that integrate software with timekeeping and payroll features are 44% less prone to making errors in payroll processing. The time tracking solution is widely used to solve such problems. Hence, the demand for time tracking software is increasing.
Time Tracking Solution Market Report Scope
Time Tracking Solution Market Key Player Analysis:
Replicon Inc, Clarizen Inc, clicktime.com Inc, ConnectWise LLC, UKG Inc, Kantata Inc, SAP SE, Time Doctor LLC, Planview Inc, and Zoho Corporation Pvt Ltd are among the key companies operating in the time tracking solution market.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the time tracking solution market. A few recent key time tracking solution market developments are listed below:
- In July 2023, UKG completed the acquisition of Immedis. The combination of UKG and Immedis creates a synergy that will deliver an innovative one-stop shop for employee timekeeping and payroll solutions.
- In August 2023, the Kantata OX Salesforce app was integrated with the Salesforce AppExchange. The integration will automate project creation from opportunities and provide Salesforce users with key information about Kantata OX projects. The integration also facilitates cross-platform communication within a project.
- In December 2020, Replicon joined the SAP PartnerEdge program. Replicon, built on the Time Intelligence Platform and available on SAP App Center, complements SAP S/4HANA and provides a modern, mobile, secure, and scalable way to track 100% of the time for service enterprises, helping them drive efficiency and profitability
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment, Organization Size, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global time tracking solution market is expected to reach US$ 17601.72 million by 2030.
The incremental growth expected to be recorded for the global time tracking solution market during the forecast period is US$ 14,630.15 million.
Introduction of AI-based time tracking solution which is anticipated to play a significant role in the global time tracking solution market in the coming years.
The key players holding majority shares in the global time tracking solution market are SAP SE, UKG Inc, Zoho Corporation Pvt. Ltd, KANTATA, and Planview
The global time tracking solution market was estimated to be US$ 2971.57 million in 2022 and is expected to grow at a CAGR of 24.9 % during the forecast period.
Increasing in remote working and BYOD, rise in concerns of time theft by employees, and adoption of GPS Tracking Solution are the major factors that propel the global time tracking solution market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Time Tracking Solution Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. Time Tracking Solution Market - Key Industry Dynamics
5.1 Time Tracking Solution Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing in Remote Working and BYOD
5.2.2 Rise in Concerns of Time Theft by Employees
5.2.3 Adoption of GPS Tracking Solution
5.3 Market Restraints
5.3.1 Privacy and Data Security Issues from Employee Side
5.3.2 Lack of Training and Support
5.4 Market Opportunities
5.4.1 Rise in Adoption of Cloud-Based Time Tracking Solution
5.4.2 Strategic Initiatives by Market Players
5.5 Future Trends
5.5.1 Introduction of AI-Based Time Tracking Solution
5.6 Impact of Drivers and Restraints:
6. Time Tracking Solution Market - Global Market Analysis
6.1 Time Tracking Solution Market Revenue (US$ Million), 2022 – 2030
6.2 Time Tracking Solution Market Forecast and Analysis
7. Time Tracking Solution Market Analysis - Deployment
7.1 On-Premise
7.1.1 Overview
7.1.2 On-Premise Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Cloud
7.2.1 Overview
7.2.2 Cloud Market, Revenue and Forecast to 2030 (US$ Million)
8. Time Tracking Solution Market Analysis – Organization Size
8.1 Large Enterprises
8.1.1 Overview
8.1.2 Large Enterprises Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Small and Medium Enterprises
8.2.1 Overview
8.2.2 Small and Medium Enterprises Market, Revenue and Forecast to 2030 (US$ Million)
9. Time Tracking Solution Market Analysis - Application
9.1 Tracking and Reporting
9.1.1 Overview
9.1.2 Tracking and Reporting Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Project Management
9.2.1 Overview
9.2.2 Project Management Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Payroll
9.3.1 Overview
9.3.2 Payroll Market Revenue, and Forecast to 2030 (US$ Million)
10. Time Tracking Solution Market - Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Time Tracking Solution Market Overview
10.2.2 North America Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.2.3 North America Time Tracking Solution Market Breakdown by Deployment
10.2.3.1 North America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Deployment
10.2.4 North America Time Tracking Solution Market Breakdown by Organization Size
10.2.4.1 North America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Organization Size
10.2.5 North America Time Tracking Solution Market Breakdown by Application
10.2.5.1 North America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Application
10.2.6 North America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
10.2.6.1 North America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
10.2.6.2 US Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.2.6.2.1 US Time Tracking Solution Market Breakdown by Deployment
10.2.6.2.2 US Time Tracking Solution Market Breakdown by Organization Size
10.2.6.2.3 US Time Tracking Solution Market Breakdown by Application
10.2.6.3 Canada Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.2.6.3.1 Canada Time Tracking Solution Market Breakdown by Deployment
10.2.6.3.2 Canada Time Tracking Solution Market Breakdown by Organization Size
10.2.6.3.3 Canada Time Tracking Solution Market Breakdown by Application
10.2.6.4 Mexico Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.2.6.4.1 Mexico Time Tracking Solution Market Breakdown by Deployment
10.2.6.4.2 Mexico Time Tracking Solution Market Breakdown by Organization Size
10.2.6.4.3 Mexico Time Tracking Solution Market Breakdown by Application
10.3 Europe
10.3.1 Europe Time Tracking Solution Market Overview
10.3.2 Europe Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.3.3 Europe Time Tracking Solution Market Breakdown by Deployment
10.3.3.1 Europe Time Tracking Solution Market Revenue and Forecasts and Analysis - By Deployment
10.3.4 Europe Time Tracking Solution Market Breakdown by Organization Size
10.3.4.1 Europe Time Tracking Solution Market Revenue and Forecasts and Analysis - By Organization Size
10.3.5 Europe Time Tracking Solution Market Breakdown by Application
10.3.5.1 Europe Time Tracking Solution Market Revenue and Forecasts and Analysis - By Application
10.3.6 Europe Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
10.3.6.1 Europe Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
10.3.6.2 UK Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.3.6.2.1 UK Time Tracking Solution Market Breakdown by Deployment
10.3.6.2.2 UK Time Tracking Solution Market Breakdown by Organization Size
10.3.6.2.3 UK Time Tracking Solution Market Breakdown by Application
10.3.6.3 Germany Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.3.6.3.1 Germany Time Tracking Solution Market Breakdown by Deployment
10.3.6.3.2 Germany Time Tracking Solution Market Breakdown by Organization Size
10.3.6.3.3 Germany Time Tracking Solution Market Breakdown by Application
10.3.6.4 France Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.3.6.4.1 France Time Tracking Solution Market Breakdown by Deployment
10.3.6.4.2 France Time Tracking Solution Market Breakdown by Organization Size
10.3.6.4.3 France Time Tracking Solution Market Breakdown by Application
10.3.6.5 Italy Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.3.6.5.1 Italy Time Tracking Solution Market Breakdown by Deployment
10.3.6.5.2 Italy Time Tracking Solution Market Breakdown by Organization Size
10.3.6.5.3 Italy Time Tracking Solution Market Breakdown by Application
10.3.6.6 Russia Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.3.6.6.1 Russia Time Tracking Solution Market Breakdown by Deployment
10.3.6.6.2 Russia Time Tracking Solution Market Breakdown by Organization Size
10.3.6.6.3 Russia Time Tracking Solution Market Breakdown by Application
10.3.6.7 Rest of Europe Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.3.6.7.1 Rest of Europe Time Tracking Solution Market Breakdown by Deployment
10.3.6.7.2 Rest of Europe Time Tracking Solution Market Breakdown by Organization Size
10.3.6.7.3 Rest of Europe Time Tracking Solution Market Breakdown by Application
10.4 Asia Pacific
10.4.1 Asia Pacific Time Tracking Solution Market Overview
10.4.2 Asia Pacific Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.4.3 Asia Pacific Time Tracking Solution Market Breakdown by Deployment
10.4.3.1 Asia Pacific Time Tracking Solution Market Revenue and Forecasts and Analysis - By Deployment
10.4.4 Asia Pacific Time Tracking Solution Market Breakdown by Organization Size
10.4.4.1 Asia Pacific Time Tracking Solution Market Revenue and Forecasts and Analysis - By Organization Size
10.4.5 Asia Pacific Time Tracking Solution Market Breakdown by Application
10.4.5.1 Asia Pacific Time Tracking Solution Market Revenue and Forecasts and Analysis - By Application
10.4.6 Asia Pacific Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
10.4.6.1 Asia Pacific Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
10.4.6.2 China Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.4.6.2.1 China Time Tracking Solution Market Breakdown by Deployment
10.4.6.2.2 China Time Tracking Solution Market Breakdown by Organization Size
10.4.6.2.3 China Time Tracking Solution Market Breakdown by Application
10.4.6.3 Japan Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.4.6.3.1 Japan Time Tracking Solution Market Breakdown by Deployment
10.4.6.3.2 Japan Time Tracking Solution Market Breakdown by Organization Size
10.4.6.3.3 Japan Time Tracking Solution Market Breakdown by Application
10.4.6.4 South Korea Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.4.6.4.1 South Korea Time Tracking Solution Market Breakdown by Deployment
10.4.6.4.2 South Korea Time Tracking Solution Market Breakdown by Organization Size
10.4.6.4.3 South Korea Time Tracking Solution Market Breakdown by Application
10.4.6.5 India Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.4.6.5.1 India Time Tracking Solution Market Breakdown by Deployment
10.4.6.5.2 India Time Tracking Solution Market Breakdown by Organization Size
10.4.6.5.3 India Time Tracking Solution Market Breakdown by Application
10.4.6.6 Australia Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.4.6.6.1 Australia Time Tracking Solution Market Breakdown by Deployment
10.4.6.6.2 Australia Time Tracking Solution Market Breakdown by Organization Size
10.4.6.6.3 Australia Time Tracking Solution Market Breakdown by Application
10.4.6.7 Rest of Asia Pacific Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.4.6.7.1 Rest of Asia Pacific Time Tracking Solution Market Breakdown by Deployment
10.4.6.7.2 Rest of Asia Pacific Time Tracking Solution Market Breakdown by Organization Size
10.4.6.7.3 Rest of Asia Pacific Time Tracking Solution Market Breakdown by Application
10.5 Middle East & Africa
10.5.1 Middle East & Africa Time Tracking Solution Market Overview
10.5.2 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.5.3 Middle East & Africa Time Tracking Solution Market Breakdown by Deployment
10.5.3.1 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts and Analysis - By Deployment
10.5.4 Middle East & Africa Time Tracking Solution Market Breakdown by Organization Size
10.5.4.1 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts and Analysis - By Organization Size
10.5.5 Middle East & Africa Time Tracking Solution Market Breakdown by Application
10.5.5.1 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts and Analysis - By Application
10.5.6 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
10.5.6.1 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
10.5.6.2 UAE Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.5.6.2.1 UAE Time Tracking Solution Market Breakdown by Deployment
10.5.6.2.2 UAE Time Tracking Solution Market Breakdown by Organization Size
10.5.6.2.3 UAE Time Tracking Solution Market Breakdown by Application
10.5.6.3 Saudi Arabia Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.5.6.3.1 Saudi Arabia Time Tracking Solution Market Breakdown by Deployment
10.5.6.3.2 Saudi Arabia Time Tracking Solution Market Breakdown by Organization Size
10.5.6.3.3 Saudi Arabia Time Tracking Solution Market Breakdown by Application
10.5.6.4 South Africa Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.5.6.4.1 South Africa Time Tracking Solution Market Breakdown by Deployment
10.5.6.4.2 South Africa Time Tracking Solution Market Breakdown by Organization Size
10.5.6.4.3 South Africa Time Tracking Solution Market Breakdown by Application
10.5.6.5 Rest of Middle East & Africa Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.5.6.5.1 Rest of Middle East & Africa Time Tracking Solution Market Breakdown by Deployment
10.5.6.5.2 Rest of Middle East & Africa Time Tracking Solution Market Breakdown by Organization Size
10.5.6.5.3 Rest of Middle East & Africa Time Tracking Solution Market Breakdown by Application
10.6 South America
10.6.1 South America Time Tracking Solution Market Overview
10.6.2 South America Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.6.3 South America Time Tracking Solution Market Breakdown by Deployment
10.6.3.1 South America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Deployment
10.6.4 South America Time Tracking Solution Market Breakdown by Organization Size
10.6.4.1 South America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Organization Size
10.6.5 South America Time Tracking Solution Market Breakdown by Application
10.6.5.1 South America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Application
10.6.6 South America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
10.6.6.1 South America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
10.6.6.2 Brazil Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.6.6.2.1 Brazil Time Tracking Solution Market Breakdown by Deployment
10.6.6.2.2 Brazil Time Tracking Solution Market Breakdown by Organization Size
10.6.6.2.3 Brazil Time Tracking Solution Market Breakdown by Application
10.6.6.3 Argentina Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.6.6.3.1 Argentina Time Tracking Solution Market Breakdown by Deployment
10.6.6.3.2 Argentina Time Tracking Solution Market Breakdown by Organization Size
10.6.6.3.3 Argentina Time Tracking Solution Market Breakdown by Application
10.6.6.4 Rest of South America Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
10.6.6.4.1 Rest of South America Time Tracking Solution Market Breakdown by Deployment
10.6.6.4.2 Rest of South America Time Tracking Solution Market Breakdown by Organization Size
10.6.6.4.3 Rest of South America Time Tracking Solution Market Breakdown by Application
11. Time Tracking Solution Market – Impact of COVID-19 Pandemic
11.1 Pre & Post Covid-19 Impact
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition
14. Company Profiles
14.1 Replicon Inc
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 clicktime.com Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 ConnectWise LLC
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 UKG Inc
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Kantata Inc
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 SAP SE
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 TIME DOCTOR LLC
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Wrike Inc
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Zoho Corporation Pvt Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Planview Inc
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
List of Tables
Table 1. Time Tracking Solution Market Segmentation
Table 2. Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 4. Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Million) –Organization Size
Table 5. Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 6. North America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 7. North America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 8. North America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 9. North America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 10. US Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 11. US Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 12. US Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 13. Canada Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 14. Canada Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 15. Canada Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 16. Mexico Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 17. Mexico Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 18. Mexico Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 19. Europe Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 20. Europe Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 21. Europe Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 22. Europe Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 23. UK Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 24. UK Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 25. UK Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 26. Germany Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 27. Germany Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 28. Germany Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 29. France Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 30. France Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 31. France Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 32. Italy Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 33. Italy Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 34. Italy Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 35. Russia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 36. Russia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 37. Russia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 38. Rest of Europe Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 39. Rest of Europe Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 40. Rest of Europe Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 41. Asia Pacific Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 42. Asia Pacific Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 43. Asia Pacific Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 44. Asia Pacific Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 45. China Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 46. China Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 47. China Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 48. Japan Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 49. Japan Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 50. Japan Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 51. South Korea Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 52. South Korea Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 53. South Korea Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 54. India Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 55. India Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 56. India Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 57. Australia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 58. Australia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 59. Australia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 60. Rest of Asia Pacific Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 61. Rest of Asia Pacific Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 62. Rest of Asia Pacific Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 63. Middle East & Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 64. Middle East & Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 65. Middle East & Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 66. Middle East & Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 67. UAE Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 68. UAE Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 69. UAE Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 70. Saudi Arabia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 71. Saudi Arabia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 72. Saudi Arabia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 73. South Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 74. South Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 75. South Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 76. Rest of Middle East & Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 77. Rest of Middle East & Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 78. Rest of Middle East & Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 79. South America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 80. South America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 81. South America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 82. South America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 83. Brazil Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 84. Brazil Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 85. Brazil Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 86. Argentina Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 87. Argentina Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 88. Argentina Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 89. Rest of South America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Deployment
Table 90. Rest of South America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Organization Size
Table 91. Rest of South America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 92. Heat Map Analysis By Key Players
Table 93. List of Abbreviation
List of Figures
Figure 1. Time Tracking Solution Market Segmentation, By Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Time Tracking Solution Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Time Tracking Solution Market Breakdown by Geography, 2022 and 2030 (%)
Figure 6. Time Tracking Solution Market Revenue (US$ Million), 2022 – 2030
Figure 7. Time Tracking Solution Market Share (%) – Deployment, 2022 and 2030
Figure 8. On-Premise Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Cloud Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Time Tracking Solution Market Share (%) – Organization Size, 2022 and 2030
Figure 11. Large Enterprises Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Small and Medium Enterprises Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Time Tracking Solution Market Share (%) – Application, 2022 and 2030
Figure 14. Tracking and Reporting Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Project Management Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Payroll Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Time Tracking Solution Market Breakdown by Region, 2022 and 2030 (%)
Figure 18. Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 19. Time Tracking Solution Market Breakdown by Deployment (2022 and 2030)
Figure 20. Time Tracking Solution Market Breakdown by Organization Size (2022 and 2030)
Figure 21. Time Tracking Solution Market Breakdown by Application (2022 and 2030)
Figure 22. Time Tracking Solution Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 23. US Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Canada Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Mexico Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Time Tracking Solution Market Breakdown by Deployment (2022 and 2030)
Figure 28. Time Tracking Solution Market Breakdown by Organization Size (2022 and 2030)
Figure 29. Time Tracking Solution Market Breakdown by Application (2022 and 2030)
Figure 30. Time Tracking Solution Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 31. UK Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 32. Germany Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 33. France Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 34. Italy Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 35. Russia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 36. Rest of Europe Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 37. Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 38. Time Tracking Solution Market Breakdown by Deployment (2022 and 2030)
Figure 39. Time Tracking Solution Market Breakdown by Organization Size (2022 and 2030)
Figure 40. Time Tracking Solution Market Breakdown by Application (2022 and 2030)
Figure 41. Time Tracking Solution Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 42. China Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 43. Japan Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 44. South Korea Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 45. India Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 46. Australia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 47. Rest of Asia Pacific Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 48. Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 49. Time Tracking Solution Market Breakdown by Deployment (2022 and 2030)
Figure 50. Time Tracking Solution Market Breakdown by Organization Size (2022 and 2030)
Figure 51. Time Tracking Solution Market Breakdown by Application (2022 and 2030)
Figure 52. Time Tracking Solution Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 53. UAE Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 54. Saudi Arabia Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 55. South Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 56. Rest of Middle East & Africa Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 57. Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 58. Time Tracking Solution Market Breakdown by Deployment (2022 and 2030)
Figure 59. Time Tracking Solution Market Breakdown by Organization Size (2022 and 2030)
Figure 60. Time Tracking Solution Market Breakdown by Application (2022 and 2030)
Figure 61. Time Tracking Solution Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 62. Brazil Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 63. Argentina Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 64. Rest of South America Time Tracking Solution Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 65. Company Positioning & Concentration
The List of Companies - Time Tracking Solution Market
- Replicon Inc
- clicktime.com Inc
- ConnectWise LLC
- UKG Inc
- Kantata Inc
- SAP SE
- TIME DOCTOR LLC
- Wrike Inc
- Zoho Corporation Pvt Ltd
- Planview Inc
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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