What is Workforce Planning Tools Market?
The workforce planning tools are an important part of an organization that helps in analyzing the current capabilities and future requirements for the workforces, helping in coming up with a strategy to fill the gap if any. It incorporates all the elements of talent management and problem-solving functions. The workforce planning tools cover the forecast period of around 3-5 years, to improve current business practices by problem-solving ad predicting issues even before they arise.
The market study is being classified, by Application (Large Size Enterprise and Small-medium Size Enterprise) and major geographies with country level break-up.
SAP SE (Germany), IBM (United States), Mitrefinch Ltd. (United States), Skills Active Aotearoa (New Zealand), Aspect Software, Inc. (United States), Vanguard Software Corporation (United States), Claro Workforce Analytics (United States), Namely (United States) and BambooHR (United States) are some of the key players profiled in the study.
Segment Analysis
Analyst at AMA have segmented the market study of Global Workforce Planning Tools market by Type, Application and Region.
On the basis of geography, the market of Workforce Planning Tools 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.
Market Drivers
- The Demand for Managing Workforce in Various Organisation for Productivity and Goal Achievement
- Fast-growing Remote Workforce
Market Trend
- The Emergence of Easier Integration and Synchronization of Data between Different Software and Tools
- The Introduction of AI with Predictive Analytics in Workforce Planning Tools
Restraints
- Economic Slowdown Might Hinder the Workforce Planning Tools Market
Opportunities
- Rising Use of Predictive Analytics will Boost the Workforce Planning Tools Market
Challenges
- Cloud-Based Workforce Planning Tools causing Technological Issues
- Stiff Competition in Workforce Planning Tools Market
On 9th March 2019, Claro Workforce Analytics announced the immediate availability of new talent market supply and demand tools to support the strategic workforce planning initiatives. Claro’s market-leading technology helps companies perform competitive talent benchmarking and market-mapping, elevates organizational diversity and inclusion strategies, and enables employee attrition modeling.
Key Target Audience
Workforce Planning Tools Providers, Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others