PUBLISHER: Grand View Research | PRODUCT CODE: 1405046
PUBLISHER: Grand View Research | PRODUCT CODE: 1405046
The global workforce management market size is expected to reach USD 19.35 billion by 2030, registering CAGR of 11.7% from 2023 to 2030 according to a new study by Grand View Research, Inc. Globalization, a younger and more diverse workforce, and the growing use of digitalization in day-to-day operations of organizations are anticipated to aid the growth of the workforce management market in the coming years. The demand for interaction and integration in daily operations and the necessity to operate as a unified enterprise are further driving technological as well as social advancements in companies worldwide.
Workforce management is a multi-faceted solution that has enabled prominent changes and generated significant paybacks, both in terms of revenue and ease of usage, and it continues to evolve even today. The increasing adoption of mobile devices is expected to play a vital role in the industry as numerous companies have cited a keen interest in enhancing their mobile capabilities in the near future. In addition, the absence & leave management solutions are also anticipated to witness a surge in demand as organizations across the world embrace digital tracking at a rapid rate.