The Middle East and Africa regions are growing. The economy is growing, the number of industries in the region is growing and the labor force is also growing. The labor force is the key to the first two points mentioned before. Both Africa and the Middle East are resource-rich nations. The countries in this region have realized the potential and with the revenue from the sale of these natural resources, there is an improvement in the living conditions, and stability in the region is also coming back. Skilled labor is very important for handling the resources there in the country. Workforce management software is helping the countries to increase the production from the industries and also help increase the revenue from them. 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 the business process efficiency. They are increasingly adopting solutions which help them to achieve this goal. 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. 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 the 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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