IMARC Group, a leading market research company, has recently releases report titled “Workforce Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global workforce management market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the workforce management market?

The global workforce management market size reached US$ 5.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2028, exhibiting a growth rate (CAGR) of 10.5% during 2023-2028.

What is workforce management?

Workspace-as-a-service (WaaS) represents a desktop virtualization solution utilized by enterprises to provide their employees with access to computer-generated business setup and organization data from remote locations. This service presents a simulated workspace that is identical to the physical office desktop. WaaS can be used with computers, smartphones, and laptops and integrated with bring your own apps (BYOA), bring your own devices (BYOD), and bring your own cloud (BYOC) solutions to minimize the risks of security breaches. It offers various other benefits, such as enhanced work-life balance, simplified file storage, increased employee productivity, a consistent working environment, and reduced operations costs. As a result, WaaS finds widespread applications across small-, medium-, and large-sized enterprises. 

Request for a free sample copy of this report:

What are the growth prospects and trends in the workforce management industry?

The emerging trend of digitization across several industries, including retail, manufacturing, banking, financial services and insurance (BFSI), healthcare, and education, is among the primary factors driving the workspace-as-a-service (WaaS) market. Besides this, the escalating demand for cost-effecting virtual desktop virtualization and automation solutions is further augmenting the market growth. Moreover, WaaS enables the enterprises to facilitate logins from multiple users onto a virtual server and provide effective resource provisioning, load balancing, and network management capabilities, which is also catalyzing the global market. Apart from this, the extensive research and development (R&D) activities and the expanding information technology (IT) infrastructure are acting as significant growth-inducing factors. Additionally, the integration of connected devices with cloud computing systems and the internet of things (IoT) is also stimulating the market growth. Furthermore, the increasing utilization of digital business channels by various organizations to provide scalable workplace solutions on the personal devices of the employees and enhance the overall operational efficiency is expected to bolster the workspace-as-a-service (WaaS) market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Solution:

Absence Management
Performance Management
Workforce Scheduling
Time and Attendance Management
Workforce Analytics

Breakup by Service:

Implementation Services
Support and Maintenance Services
Training and Education Services

Breakup by Deployment Type:


Breakup by Organization Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

Breakup by Vertical:

Government and Defense
Banking, Financial Services, and Insurance (BFSI)
Transportation and Logistics
Telecom and IT
Consumer Goods and Retail
Energy and Utilities

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Atoss Software AG
HotSchedules Inc.
Huntington Business Systems
Kronos Inc.
Oracle Corporation,
Reflexis Systems,
Ultimate Software Group Inc.
Verint Systems
Workday Inc.
WorkForce Software LLC

Ask Analyst for Customization and Browse full report with TOC & List of Figure:

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States

Daily Digest Signup

Daily business and market business news, business management tips, market research insights, and more.


Smart public opinion research for everyone.

%d bloggers like this: