Network Infrastructure is the Most Important Backbone for the Growth of the Global Workforce Management Software Market: TechNavio Report
US, UK, Japan are the leading countries in the Global Workforce Management Software Market
TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Global Workforce Management Software Market. The report indicates that Network Infrastructure is the most important backbone for the growth of the Global Workforce Management Software Market. The findings are for the forecast period 2014-2018.
As per research analysis, there is lot of scope for development of network infrastructure in developing countries, Countries such as India, Sri Lanka, Pakistan, and Bangladesh in Asia, and South Africa are unable to provide the necessary support to enable cloud-based and mobile WFM solutions, due to lack of proper Network Infrastructure in place. On top of this, switching to a new WFM vendor may become a challenge due to the high costs involved in the process.
As such, in the US, UK and Japan, where there is robust network infrastructure facilities, WFM software vendors are offering different levels of time and attendance management, leave management, and workforce scheduling functionalities. Some of the major vendors in the Global WFM Software market include Kronos, Automatic Data Processing (ADP), Oracle and SAP. These vendors dominate the industry, collectively holding more than 60 percent of the market.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Workforce Management Software Market Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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