Market Snapshot:
Back-office workforce management is a software which reorganizes all the activities of employees and helps the workforce to prioritize their task. This software also supports increasing the efficiency of business operations. An efficient workforce management solution helps workforces to manage complex situations that arise in the back-office process environment. Moreover, it offers arrays of benefits that back offices should vary based on the size of the back office and the organization's flexibility in changing work schedules and rules.
Highlights from Backoffice Workforce Management Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are Verint (United States), Aspect Software (United States), ActiveOps (United Kingdom), Genesys (United States), Intradiem (United States), NICE (Israel), Calabrio, Inc. (United States), Cicero Inc. (United States), Burnie Group (Canada) and Leaf Group (United States).
Geographic Breakdown and Segment Analysis
The Global Backoffice Workforce Management market presents a comprehensive analysis of the Backoffice Workforce Management market by product type (Operation Visualizer, Performance Management, Back-Office Optimization, Robotic Process Automation and Desktop & Process Analytics), by end-user/application (IT and Telecom, BFSI, Retail, E-Commerce, Transportation, Government and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Backoffice Workforce Management industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Backoffice Workforce Management market
Analyst at AMA have segmented the market study of Global Backoffice Workforce Management market by Type, Application and Region.
Influencing Trend:
The emergence of Cloud-Based Technologies
Market Growth Drivers:
Highly Adoption of Backoffice Workforce Management in Several Industries Such as IT, BFSI, Retail, and Many More is Major Driving Factor
Challenges:
Lack of Awareness About Backoffice Workforce Management Software
Restraints:
Increasing Concerns about Data Security and Awareness
Opportunities:
The Emergence of Backoffice Workforce Management in Developing economies
Market Developments Activities:
In June 2021, Verint, known as The Customer Engagement Company, acquired technology from HireIQ to expand Workforce Management (WFM), HireIQ, a leader in hiring automation. This acquisition of technology will further enhance company's WFM offering with Intelligent Interviewing capabilities.
In May 2021, Aspect Software mergered with Noble Systems, a global leader in customer experience management solutions. The merger combines the strengths of both companies to offer a comprehensive suite of cloud and on-premises contact center solutions. The merger is expected to enhance the company's market position and provide customers with even greater value.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Key Target Audience
Government associations, Research organisations, Software vendors and Others