Asia-Pacific is one of the biggest exporters of goods and this is because it is one of the biggest producers of goods as well. China, India, Indonesia, South Korea, Japan and Australia are huge manufacturers of different goods. From automobiles to software, from UAVs to food items, lots and lots of variety of goods are produced in this region. For the production of these wide ranges of goods, workforce is very important. This region is known for its skilled labor.
Workforce management software solutions help in addressing these concerns with features like several features like HR Administration, talent management, labor budgeting, workforce tracking and several others. The market for workforce management software is expected to grow at a CAGR of 13.85% for the period 2016 to 2021.
There are millions of engineers, technicians, medical practitioners, etc. in this region. To take this huge number of working people and make them skilled workforce for a job, workforce management software is required. Productivity is the key to the success of any organization. Enterprises are striving hard to enhance the productivity of their employees, reduce costs and improve business process efficiency. They are increasingly adopting solutions which help them to achieve this goal.
Increasing adoption of ERP solutions and focus on productivity are some of the driving factors contributing to the growth of this market. The usage of these solutions is not limited to any particular industry vertical. Instead, the adoption rate is growing across the enterprises operating in different sectors.
Some of the major vendors mentioned in the report are SAP, Oracle, Kronos, ADP, Hydra Management and Reflexis. There are some other vendors like Better Plan, Asure Software, Calabrio, Conrep, Sierra Data Systems and Kappix who are serving the market with their unique offerings.
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