Workforce management system market forecast to increase by 11.25% CAGR during 2013 to 2018
Global Workforce Management System (WFM) Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-30 08:17:02
The emergence of mobile-based WFM solutions has revolutionized the WFM concept by giving users the ability to work from remote locations. In order to remain competitive most organizations are shifting their focus from traditional methods to modern solutions such as mobile WFM which allow them to access remote information via smartphones and tablets. The solution is best suited for asset-intensive industries with field operations teams where they require connection outside their office premises. The trend of BYOD is allowing staff on-mobile options and to do work from home. Mobile WFM provides immediate access to work activity and facilitates performance management. In addition, mobile WFM solutions can also be used to edit time sheets, approve schedule changes and process time-off requests remotely. Kronos offers mobile applications such as Workforce Mobile Manager and Workforce Mobile Employee in Android, iPhone, iPad, Nokia and Blackberry app store. Similarly, Workforce Software offers the EmpCenter Mobile application.
A major driver in the market is the increasing need for organizations to improve productivity. The deployment of WFM software allows organizations to schedule various activities of the workforce in a timely manner and also helps in highlighting inconsistencies or inefficiencies in operations.
Further, the complexity involved in selecting the right solution from a wide variety of options is a major challenge for this market.
The key players operating in the global workforce management system (WFM) market include Automatic Data Processing Inc., Kronos Inc., Oracle Corp., and SAP AG.
The global WFM market is forecast to increase at a CAGR of 11.25 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing need to improve productivity of an organization. The Global WFM market has also been witnessing the emergence of mobile WFM solutions. However, choosing the right vendor could pose a challenge to the growth of this market.
Other vendors operating in the market are Amano Group, Atoss Software AG, Empower Software, Huntington Business Systems Inc., Infor Global Solutions, NICE Actimize, RedPrairie, Reflexis Systems Inc., Tomax Corp., Uptivity Inc., WorkPlace Systems Inc., and WorkForce Software.
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