About Contingent Workforce Management
Contingent Workforce Management is the practice of directing and controlling a firm's contingent workforce, including anyone who does work for an organization on a non-permanent basis and it also encompasses finance, security, compliance, legal and risk management components in many cases. This software allows users to manage, engage and drive stakeholder collaboration all from a single, integrated platform. It helps to build resilience and agility into business with a well-managed, highly skilled, flexible workforce.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Contingent Workforce Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SAP SE (Germany), Beeline (United States), DCR Workforce (United States), Upwork Inc. (United States), Avature (United States), Neeyamo Enterprise Solutions (India), Impartx Inc. (United States), Kineo (United Kingdom), Saba Software (India), Cogent Infotech (India), Infor (United States), Oracle (United States), IBM (United States) and Zoho Corporation (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Contingent Workforce Management market by and Region.
On the basis of geography, the market of Contingent Workforce Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Small & Medium Enterprises will boost the Contingent Workforce Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the Contingent Workforce Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Contingent Workforce Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Model, the sub-segment i.e. Subscription (Annual, Monthly, Quarterly) will boost the Contingent Workforce Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Adoption of Cloud-based Solutions
Market Growth Drivers:
High Benefits such as Ability to Engage, Manage and Drive Stakeholder Collaboration all From a Single, integrated Platform and Increased Applications of Contingent Workforce Management
Challenges:
Lack of Skilled Professionals
Restraints:
Technological Complexities Associated with Contingent Workforce Management Solutions
Opportunities:
Growing Demand from End-users and Increasing Demand from Various Industries
Key Target Audience
Contingent Workforce Management Software Developers, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.