Global Time and Attendance Software Market Outlook to 2027 - Impact of COVID-19 - ResearchAndMarkets.com

·4-min read

The "Time and Attendance Software - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the Global Time and Attendance Software Market accounted for $1,317.38 million in 2019 and is expected to reach $2,493.09 million by 2027, growing at a CAGR of 8.3% during the forecast period.

Customization of the software (cater to the needs of different groups of employees) and growing integration with financial analytics are the major factors propelling the market growth. However, cost of installation of this software is hampering the market growth.

Time and attendance software is a business application developed to optimize and track the number of work hours of an employee, which helps keep record of wages and salaries paid. It provides management personnel with diverse tools to help maximize cash flow and minimize waste.

Based on the type, the biometric segment is going to have a lucrative growth during the forecast period due to its property of serving different individuals and organizations, ardently looking for first-rate security. Furthermore, they are helpful in monitoring the activities of various people entering and leaving the organization, these devices are becoming mandatory security systems.

By geography, North America is going to have a lucrative growth during the forecast period due to the presence of global players in the U.S. Growing organization sizes and increasing application area of time and attendance software is the major factor which is supporting the market for time and attendance software in North American region.

Companies Mentioned

  • ADP

  • Acumen Data

  • Cornerstone OnDemand, Inc.

  • Halogen Software Inc.

  • IBM Corporation

  • Icon Time Systems

  • InfoTronics

  • Insperity

  • Kronos Incorporated

  • Oracle

  • Redcort

  • Replicon

  • SAP

  • SumTotal Systems, LLC

  • Synerion

  • TSheets

  • Ultimate Software

  • Workday, Inc.

What the report offers:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers Market data for the years 2018, 2019, 2020, 2024, and 2027

  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 End-user Analysis

3.8 Emerging Markets

3.9 Impact of COVID-19

4 Porters Five Forces Analysis

4.1 Bargaining Power of Suppliers

4.2 Bargaining Power of Buyers

4.3 Threat of Substitutes

4.4 Threat of New Entrants

4.5 Competitive Rivalry

5 Global Time and Attendance Software Market, By Type

5.1 Introduction

5.2 Biometric

5.3 Interactive Voice Response (IVR)

5.4 Proximity Cards, Badges, and Key Fobs

5.5 Time Cards

5.6 Web-based Login Stations

5.7 Cloud Based

6 Global Time and Attendance Software Market, By Channel

6.1 Introduction

6.2 Direct Sales

6.3 Distributor

7 Global Time and Attendance Software Market, By Organization Structure

7.1 Introduction

7.2 Large

7.3 Medium

7.4 Small

8 Global Time and Attendance Software Market, By Application

8.1 Introduction

8.2 Businesses with Hourly Employees

8.3 Businesses that Track Billable Hours

8.4 Freelancers

8.5 Human Resources Departments

9 Global Time and Attendance Software Market, By End-user

9.1 Introduction

9.2 Banking, Financial services and Insurance (BFSI)

9.3 Government

9.4 Healthcare

9.5 Hospital

9.6 IT and Telecom

9.7 Manufacturing

9.8 Office Building

9.9 Retail

10 Global Time and Attendance Software Market, By Geography

10.1 Introduction

10.2 North America

10.2.1 US

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 Italy

10.3.4 France

10.3.5 Spain

10.3.6 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 New Zealand

10.4.6 South Korea

10.4.7 Rest of Asia-Pacific

10.5 South America

10.5.1 Argentina

10.5.2 Brazil

10.5.3 Chile

10.5.4 Rest of South America

10.6 Middle East & Africa

10.6.1 Saudi Arabia

10.6.2 UAE

10.6.3 Qatar

10.6.4 South Africa

10.6.5 Rest of Middle East & Africa

11 Key Developments

11.1 Agreements, Partnerships, Collaborations and Joint Ventures

11.2 Acquisitions & Mergers

11.3 New Product Launches

11.4 Expansions

11.5 Other Key Strategies

12 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/r/xc1i3o

View source version on businesswire.com: https://www.businesswire.com/news/home/20201016005362/en/

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