About Leave Management System
Due to the increased acceptance of leave management systems in various end-user sectors around the world, the global Leave Management System market is likely to see strong demand in the forecasted period. The process of managing employee time-off requests in a fair, accurate, and effective manner is known as leave management. Supervisors, HR personnel, and workforce management personnel are responsible for dealing with employee vacation requests. Owing to numerous characteristics, there is a growing need for leave management software. The process of managing an organization's employee's leaves is included in the leave management system. The systems cut down on busy work such as leave administration and staff follow-ups, saving time and money.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
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 avail a competitive advantage through combined collaboration Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Leave Management System 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.
Freshworks (United States), Calamari (Poland), Anaek Inc (India), Norton Five (United Kingdom), Vacation Tracker (Canada), Appstack Solutions (United States), Crossdomain Solutions (India), PeopleProsper Technologies (India), Version Systems (India) and Reed Group (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Rawbot (United States).
Segmentation Overview
AMA Research has segmented the market of Global Leave Management System market by and Region.
On the basis of geography, the market of Leave Management System 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. Cloud will boost the Leave Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Function, the sub-segment i.e. Employee Info will boost the Leave Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Subscription, the sub-segment i.e. Monthly Subscription will boost the Leave Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size , the sub-segment i.e. SME (Small and Medium Enterprises) will boost the Leave Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Cloud-Based Solutions and Increasing Demand From Developing Countries
Market Growth Drivers:
Increasing Demand from Small and Medium Size Organization and High Adoption due to Various Features and Availability of Mobile Application
Challenges:
The high initial cost of the leave management system
Restraints:
The Rising Concern Regarding Technical Complexities
Opportunities:
Technological Innovation Associated with Leave Management System and The Emergence of IoT and Artificial Intelligence
Market Leaders and their expansionary development strategies
December 09, 2021, Freshworks Inc., a leading software company empowering businesses to delight their customers and employees, announced that African broadcasting and pay television company, MultiChoice Group (MultiChoice), uses Freshservice® and Freshdesk® to create faster omnichannel customer support across IT and support teams for South African MultiChoice subscribers.
November 17, 2021, Freshworks Inc. a leading software company empowering businesses to delight their customers and employees, announced the winners of the Freshworks Refresh App Challenge at its annual user conference Refresh. The week-long hackathon included more than 300 customers, partners, and independent developers competing for the best new application in the Freshworks Marketplace.
Analyst View
COVID-19 kicked off in Wuhan, China, in December 2019 and has quickly expanded around the world since then. In terms of confirmed cases and reported deaths, the United States, India, Brazil, Russia, France, the United Kingdom, Turkey, Italy, and Spain are among the worst impacted countries. Due to lockdowns, travel bans, and business shutdowns, the COVID-19 has had a negative impact on economies and businesses in a number of countries. The closure of various plants and factories has had a severe influence on global supply chains, negatively affecting manufacturing, delivery schedules, and product sales in the worldwide market. A few companies have already stated that there may be delays in product deliveries and a drop in future sales.
Key Target Audience
Leave Management System Providers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
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.