Industry Background:
The contingent labor management software is the automation helping in the engagement, managing, and driving stakeholder collaboration for the integrated platform. With the growing number of people willing to work for a part-time position, efficient management of the contract labor workforce is required. The software helps in addressing the role-based staffing process. It enhances productivity, efficient staffing process, and mitigates various types of risk in workforce management in an organization.This growth is primarily driven by Rising Number of People Willing to Worl Part-time or in Temporary Positions and Demand for Automation in Hiring Better Candidates in Lesser Time According to the Desired Skills.
Globally, a noticeable market trend is evident Integration of Employment Centric Platform in Contingent Labor Management Software to Handle Big Data. Major Players, such as SAP SE (SAP Fieldglass) (United States), Coupa Software Inc. (United States), Oracle Corporation (Oracle HCM Cloud) (United States), Ramco Systems. (India), Beeline (United States), PeopleFluent (VectorVMS) (United States), PRO Unlimited Inc. (United States), CEIPAL Corp. (United States), EverHive Corporation (United States) and Crowdstaffing (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 9th June 2020, VectorVMS, a leading vendor management solution (VMS) that helps organizations manage their contingent labor spend, announced its new partnership with WillHire, a direct sourcing organization driving change in the way organizations source talent. This partnership brings decades of shared expertise together to offer a better way to recruit and manage top contingent talent.
On 12th January 2021, PRO Unlimited, a global innovator in contingent workforce management, announced the acquisition of PeopleTicker, a leader in compensation data specializing in contingent labor rates and hiring intelligence globally. The companies' combined technologies enable HR, talent acquisition, procurement, and compensation professionals to access strategic insights and market-rate benchmarking to better attract and retain talent while reducing costs.
Market Drivers
- Rising Number of People Willing to Worl Part-time or in Temporary Positions
- Demand for Automation in Hiring Better Candidates in Lesser Time According to the Desired Skills
Market Trend
- Integration of Employment Centric Platform in Contingent Labor Management Software to Handle Big Data
Restraints
- Regulatory Compliances with the Contingent Labor Management Software
Opportunities
Emerging Changes in Talent Acquisition Technology will Boost the Contingent Labor Management Software Market
Challenges
Technical Problems Like Supportability and Glitches Associated with Contingent Labor Management Software
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Contingent Labor Management Software Study Sheds Light on
— The Contingent Labor Management Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Contingent Labor Management Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Contingent Labor Management Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.