What is Absence Management Software Market?
Absence management software helps organizations plan, manage and track employee absences, including vacation, sick leave and others. It is used to define absences and manage requests and approvals. This software can be implemented either as part of an integrated HR management suite as a standalone solution. It helps companies to manage absence requests and approvals, define relevant absences and improve management reporting.
Highlights from Absence Management Software Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Oracle Corporation (United States), Replicon, Inc. (Canada), Automatic Data Processing, Inc. (United States), Kronos Incorporated (United States), Ultimate Software Group, Inc. (United States), Zoho Corporation (India), WorkForce Software, LLC (United States), payworks GmbH (Germany), AbsenceSoft (United States) and Capterra (United States) |
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 competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Absence Management Software market throughout the forecasted period.
Oracle Corporation (United States), Replicon, Inc. (Canada), Automatic Data Processing, Inc. (United States), Kronos Incorporated (United States), Ultimate Software Group, Inc. (United States), Zoho Corporation (India), WorkForce Software, LLC (United States), payworks GmbH (Germany), AbsenceSoft (United States) and Capterra (United States) are some of the key players profiled in the study. Absence Management Software Market Segmentation:
Scope | Sub-Segments |
---|
Enterprise | SMEs,Large Enterprises |
Deployment | Cloud-based,On-premises |
Features | Staff attendance chart,Absence reports and triggers,Sickness absence management |
On the basis of geography, the market of Absence Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand Due to Cloud-base
Market Growth Drivers:
Easy, Fast and User-friendly Designs and Rising Demand for Absence Management Software from Various Industries
Challenges:
Technological Complexities in the Software
Restraints:
Availability of Free Softwares in the Market
Opportunities:
Growth in the Software Industry Worldwide and Increasing Adoption of Absence Management Software
Key Target Audience
Absence Management Software Developers, Research Professionals, Emerging Companies, Government Body & Associations and End-user
Market Leaders & Development Strategies
In August 2018, ADP has announced that it has acquired Celergo, a leading provider of global payroll management services. The acquisition will enhance ADP's international payroll offerings with a strong platform and new solutions, including cross-currency and expatriate payment services.
On 1st September 2020, Adani's acquisition of Mumbai Airport from GVK gets CCI green signal. The Competition Commission has approved Adani Group's proposed acquisition of a controlling stake in Mumbai airport Developers Ltd's (GVKADL) 50.50 percent stake as well as buy out the 23.5 percent stake of Airports Company of South Africa (ACSA) and Bidvest Group.