GITNUX MARKETDATA REPORT 2024

Workforce Management Software Industry Statistics

The workforce management software industry is projected to see continued growth in revenue and market size due to increased adoption by organizations seeking to optimize workforce efficiency and productivity through automation and analytics.

Statistic 1

"Workforce management software market is anticipated to grow at an annual compound rate of 9% from 2019 to 2025."

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Statistic 2

"The Cloud Based workforce management software segment is anticipated to grow at the highest CAGR of approximately 11% during the forecast period."

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Statistic 3

"Large enterprises account for nearly 70% of workforce management software adoption in 2021."

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Statistic 4

"Employee scheduling functions are the largest revenue generator among workforce management software features, commanding over 32% of the market share by the end of 2020."

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Statistic 5

"The retail industry holds the largest share in the workforce management software market in 2020, with over 20% market share."

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Statistic 6

"Around 65% of companies are estimated to rely on workforce management software for HR operations by 2022."

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Statistic 7

"In Europe, the market for workforce management software is expected to reach USD 900 million by 2021."

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Statistic 8

"The BFSI(Banking, Financial Services, Insurance) sector accounted for over 20% of the market share in the global workforce management software market in 2019."

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Statistic 9

"Latin America's workforce management software market is predicted to grow at a CAGR of 13.5% from 2019 to 2027."

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Statistic 10

"Workforce analytics is projected to grow at a CAGR of 16.6% during 2019-2027."

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Statistic 11

"71% of organizations believe that workforce management software increases employee productivity."

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Statistic 12

"The adoption of workforce management software is highest among businesses with 1,000-2,499 employees, at 60%."

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Statistic 13

"Approximately 35% of current workforce management software users are considering migrating to a new system."

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Statistic 14

"Nearly 45% of companies are willing to invest more in workforce management software to support remote workers due to the COVID-19 pandemic."

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Statistic 15

"63% of human resource professionals stated that improving efficiency was the main benefit of utilizing workforce management software in their organization."

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