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Workforce Management Market Projected to Hit USD 14.31 Billion at a 9.2% CAGR by 2030 – Report by Market Research Future (MRFR)

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New York, US, Sept. 29, 2022 (GLOBE NEWSWIRE) — Acording to a comprehensive research report by Market Research Future (MRFR), “Workforce Management Market Research Report: Information by Deployment Mode, Component, Vertical, Organization Size, and Region- Fore Till 2030”, the market is predicted to flourish substantially during the assessment era from 2020 to 2030 at a healthy CAGR of approximately 9.2% to attain a valuation of around USD 14.31 billion by the end of 2030.

Workforce Management Market Overview:

The global workforce management market has been overgrown recently. The primary parameter supporting the market’s growth is the rapid expansion of the IT sector across the globe.

Competitive Analysis

The list of prominent participants across the workforce management market includes players such as:

  • Ultimate Software
  • Kronos Inc
  • Workday Inc.
  • ADP LLC
  • SAP SE
  • IBM Corporation
  • Verint Systems, Inc
  • Reflexis Systems
  • Oracle Corporation
  • Workforce Software, LLC

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Workforce Management Market USP Covered

Market Drivers

The workforce management market has been overgrown in the last few years owing to the increasing demand for automation in the workplaces, increments in the demands of cloud-based solutions, and wide acceptance of workforce analytics.

Report Scope:

Report Metrics Details
  Market Size by 2030 USD 18.16 Billion
 CAGR during 2022-2030 34.3%
 Drivers Increasing Automation in Workplaces, Adoption of Workforce Analytics, Growing Demand for Cloud-Based Solutions
 Opportunity Emergence of App-Based Workforce Management Solutions
Advancements in IoT Technology and AI
 Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Market Restraints

On the other hand, the absence of accurate knowledge related to technology is likely to restrict the market’s growth.

Browse In-depth Market Research Report (147 Pages) on Workforce Management Market:

https://www.marketresearchfuture.com/reports/workforce-management-market-2388

COVID-19 Impact of Workforce Management Market

The global health crisis in the form of COVID-19 has had a significant impact on the majority of the industry sectors across the globe. Like all the market areas, the workforce management market has also witnessed several unexpected challenges during the pandemic. On the other hand, with all the financial and industrial activities returning to normal, the global market for workforce management is anticipated to witness substantial growth over the coming years.

Workforce Management Market Segment Analysis

Among all the components, the solution segment is anticipated to secure the leading position across the workforce management market over the assessment era. The central aspect supporting the segment’s growth is the growing implementation of various software across different industries such as manufacturing, retail and e-commerce, healthcare, and others for human resource management applications. Using workforce management solutions across companies has benefits such as greater team member satisfaction, better productivity, and reduced employee operations costs, causing a surge in adopting these solutions.

Based on the deployment modes, the cloud sub-segment is anticipated to secure the top position across the global market for workforce management over the review era. The segment’s growth is credited to the factors such as the rising adoption of SaaS (software as a service) workforce management solutions across a range of end-use sectors such as retail and e-commerce, manufacturing, healthcare, and others. The segment has benefits such as deployment on a subscription model, cost-effectiveness, and doesn’t need extensive data storage infrastructure.

Based on the organization size, the small & medium enterprise segment is anticipated to secure the top position across the workforce management market over the assessment era. The growth of the segment is credited to the factors such as generating data-based insights for individuals, boosting team member engagement and productivity, the growing scalability potential of the small and medium-sized enterprises (SMEs), and the growing requirement for the decrease in the cost of team member performance management process.

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Among all the end-use sectors, the IT & telecom sub-segment is anticipated to secure the leading position across the global market for workforce management over the coming years. the segment’s growth is accredited to the aspects such as widespread utilization of technology related to software and utilization of workforce management solutions from the SMEs.

Workforce Management Market Regional Analysis

The workforce management market is studied across five major regions: Asia-Pacific, Europe, Latin America, North America, and the Middle East &v Africa.

According to the research reports by MRFR, North America is predicted to hold the top position across the global market for workforce management over the assessment era. The region has the Us as the leading growth contributor. Canada is likely to secure a second position across the regional market over the coming years. the prime parameter supporting the regional market growth is the existence of many established players across the region. Furthermore, the companies across the US are supremely highly advanced in adopting cloud technologies, Artificial Intelligence (AI), and Machine Learning (ML), therefore boosting the growth of the regional market during the review timeframe. Organizations such as Workday, Inc., and ADP are offering innovative workforce management solutions to customers, which is anticipated to catalyze the growth of the regional market over the coming years.

The workforce management market for the European region is predicted to hold the second position across the globe over the coming years. the primary parameter supporting the growth of the regional market is the increasing popularity of the BYOD trend across the region. Furthermore, the factors such as demand for automation of work processes & workflows and growing demand for connected devices are anticipated to influence the growth of the regional market over the review timeframe. The growing workforce management adoption across Germany is mainly caused by the growing implementation of cloud solutions, which catalyzes the growth of the regional market. Moreover, workforce management costs differ depending on the complexities and needs involved. Generally, complicated workforce management with more excellent capabilities is pricier and is one of the prime aspects impeding the market’s growth. In addition, incorporation problems included with existing systems are a significant concern hampering the regional market’s growth.

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The workforce management market for the Asia-Pacific region is predicted to show maximum CAGR over the coming years. the region has China as a leading growth contributor. The central aspect supporting the growth of the regional market is the growing demand for innovative solutions for mobile workforce management across the industrial area. Workforce management supports making it stress-free for enterprises to reopen their businesses during the pandemic methodically.

Related Reports:

Global Workforce Analytics Market, By Type, By Deployment, By Organization Size, and By Industry – Forecast 2030

Global Mobile Workforce Management Market, by Deployment, by End-User, by Tools– Forecast 2030

Digital Asset Management Software Market Information, by Deployment, by Application Areas, by End Users  – Forecast to 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
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