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Workforce Management Software Market Share

Report ID: GMI7173
Published Date: Jul 2024
Report Format: PDF

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Workforce Management Software Market Share

Oracle Corporation and SAP SE dominate the workforce management (WFM) software industry. These companies are focusing on innovative developments in AI and cloud technologies, forging strategic partnerships, diversifying service portfolios, and strengthening data security measures. Such measures help address the ever-changing needs of their clientele while simultaneously ensuring compliance with evolving regulatory requirements.

Workforce Management Software Market Companies

Major companies operating in the workforce management (WFM) software industry are:

Oracle Corporation
SAP SE
ADP, Inc.
Workday Inc.
Microsoft Corporation
IBM Corporation
UKG Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of workforce management software reached USD 8.8 billion in 2023 and is set to expand at 8.5% CAGR from 2024 to 2032, due to the rising demand for remote work solutions worldwide.

The time and attendance management software type segment held over 25% of the market share in 2023, owing to the dire need for greater efficiency and productivity in today's workplaces.

North America market held over 30% of the revenue share in 2023, attributed to the presence of an advanced technological infrastructure and early adoption of digital solutions in the region.

Oracle Corporation, SAP SE, ADP, Inc., Workday Inc., Microsoft Corporation, IBM Corporation, and UKG Inc., are some of the major workforce management software companies worldwide.