About Employee Attendance Tracker
Employee Attendance Tracker offers features like tacking of work hours of employees, attendance, and shifts. The software works as a punch clock and gathers all data of employees including attendance, location and time spent on work, sick time off, overtime, vacation off, and paid off as well. Employee Attendance Tracker help to minimize the time spending for creating schedules for employees.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Employee Attendance Trackers is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Softwares. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions will help them to sustain in the market and maintain their competitive edge. 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.
Ultimate Software Group (Canada), Replicon (Canada), Time Doctor (United States), CakeHR (United Kingdom), Isolved (United States), Calamari (United States), Ximble (United States), Darwinbox (India), Jibble (United States) and TrackSmart (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Employee Attendance Tracker market by Type (Basic Employee Attendance Tracker and Integrated Employee Attendance Tracker), Application (Calendar Management, Access User Management, Employee Scheduling, Reporting/Analytics, Time Tracking and Others) and Region.
On the basis of geography, the market of Employee Attendance Tracker 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). If we see Market by Platforms, the sub-segment i.e. Android will boost the Employee Attendance Tracker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Employee Attendance Tracker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Modern Technologies and Automation Tools from Human Resources Management (HRM) Systems
Market Growth Drivers:
Need for the Proper Recording Management of Employee Attendance and Demand for Automation in Recording Employee Attendance for Reducing Manual Work
Challenges:
Problems with the Skilled Expertise required for manufacturing the Softwares
Restraints:
High Installation Cost for the Employee Attendance Trackers
Opportunities:
Rising Small Business Investments in Tools to Improve Employee Productivity and Efficiency will create opportunities for the Employee Attendance Trackers Market
Market Leaders and their expansionary development strategies
On 1st April 2020, Kronos Incorporated and Ultimate Software complete their merger plan. With this merger, companies enhanced scale and stronger position in the HRM marketplace with more effective products.
In October 2022 ,Replicon announced the launch of ZeroTime™, a new revolution in time tracking, that enables organizations to modernize their time tracking process with AI/ML technology. It liberates employees from manual timesheets by automatically capturing their work and time data across more than 100 work applications, thus maximizing employee productivity and customer engagement.
Regulatory Guidelines to choose Employee Attendance Tracker are, “an excellent employee attendance tracker should offer seamless integration with other HRM programs, create exquisite reports with the available data and should have standard regulatory policies enacted by the labor authorities and among others.
Key Target Audience
Employee Attendance Trackers Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes 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.