Employee Scheduling Software Market Size, Share, Growth, and Industry Analysis, By Type (Cloud-based, Mobile APP, Installed-PC, Others), By Application (Small Business, Midsize Enterprise, Large Enterprise, Others) and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

EMPLOYEE SCHEDULING SOFTWARE MARKET REPORT OVERVIEW

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The global employee scheduling software market size was USD 307.1 million in 2020 and the market will touch USD 1079.98 million by 2031, at CAGR of 12.1% during the forecast period.

The necessity to preserve data security, rising workforce complexity, and rising productivity expectations have all contributed to the market growth for software in recent years. In addition, the market is anticipated to be further driven in the upcoming years by the growing emphasis on customer experience, as well as the growing adoption of cloud-based and mobile technologies.

Some of the key factors propelling the worldwide employee scheduling software market growth include the growing requirement for workforce management and automated scheduling procedures, the desire for real-time staff analytics, and the growing uptake of mobile workforces. This market is expanding due in large part to the increasing need to control labor costs and the requirement to follow laws and regulations.

COVID-19 Impact: Utilization of the Software by the Hospitals to Advance Market Share

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 outbreak presented the market with fresh chances for expansion. In order to effectively manage call center employees who frequently have complicated on-call work schedules many firms utilized the software. In addition, hospitals quickly converted to cloud-based scheduling software in order to prioritize patient health and safety, especially in the wake of the pandemic, and make sure that critical information is promptly shared with the necessary physician.

LATEST TRENDS

"Incorporation of the Software in Boosting Productivity to Stimulate Market Development"

The worldwide market is a hugely promising sector that is expanding quickly. It is motivated by the necessity for businesses to increase worker productivity, cut expenses, and streamline operations. Software solutions are being used by businesses of all sizes more and more to handle their staff scheduling requirements. The software has grown more and more popular as a result of businesses' rising need to better manage staff workloads and boost productivity. Some of the drivers propelling the market's growth are the increasing amount of employees, the intricate nature of their responsibilities, and the requirement for shift-based workforce.

EMPLOYEE SCHEDULING SOFTWARE MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into cloud-based, mobile APP, installed-PC, others

The industry is expanding due to the growing popularity of smart devices along with cloud computing technologies. The market is also being driven by the increasing need that the hospitality, retail, and healthcare sectors have for workforce management solutions. In order to run their operations more effectively, more and more of medium- and small-sized businesses are also implementing staff scheduling software. Overall, the worldwide market gives an opportunity for organizations to streamline their processes, save expenses, and boost employee productivity. As the industry tends to expand and develop, companies of every kind might want to think about utilizing software that will ensure their operations operate smoothly and efficiently.

• By Application

Based on application the global market can be categorized into small business, midsize enterprise, large enterprise, others.

The retail sector frequently faces business volatility, which makes it challenging to effectively plan and manage employee schedules. With the use of scheduling software, small, midsize and large enterprises or establishments may increase efficiency and plan ahead by choosing the most qualified employees and allocating assignments to them efficiently. Retailers can use it to update their attendance and employee availability records in real-time, which encourages employee retention and streamlines operations.

DRIVING FACTORS

"Demand for Payment and Scheduling Process Automation to Aid Market Expansion"

The need for payroll and personnel scheduling process automation has grown significantly in the last several years. Reducing operating expenses and increasing productivity are two benefits of automating these procedures. Businesses may also track and oversee shift changes, precisely measure staff hours and attendance, and rapidly and accurately generate reports thanks to automation. By automating scheduling and payroll procedures, companies can lower their chance of error and concentrate on other aspects of their business operations.

"Cloud-based Solutions to Foster Industry Progress"

Over the past few years, software solutions that are cloud-based have gained popularity because of their affordability, scalability, and user-friendliness. Businesses may manage their employees remotely with cloud-based staff scheduling software, which eliminates the need for human data entry. Businesses may also track schedules for staff in real time with these tools, giving them the ability to make quick and simple modifications. Additionally, cloud-based solutions give companies access to statistical analysis and insights, which facilitates better decision-making.

RESTRAINING FACTORS

"High Cost of Software Licensing to Stop Market Evolution"

One of the main factors impeding the development regarding the software is the high cost of software licensing. The cost of the licenses is often prohibitive for many enterprises, forcing them to reevaluate their investments. Because companies are reluctant to make investments in the software, this has resulted in a standstill in the market.

EMPLOYEE SCHEDULING SOFTWARE MARKET REGIONAL INSIGHTS

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"North America is Ruling the Share Ascribed to Need for Effective Scheduling Solutions "

North America's employee scheduling software market share is expanding quickly. This is because there is a growing need for effective and affordable scheduling solutions. Businesses are searching for ways to lower labor expenses, boost worker productivity, and raise customer happiness. A further factor driving the industry is the growing ubiquity of cloud-based solutions.

Due to their affordability, scalability, and flexibility, these solutions are appealing to companies of all kinds. Additionally, managing staff scheduling requirements is becoming simpler for organizations thanks to the accessibility of mobile applications. The growing need for sophisticated features including real-time analytics, automated scheduling, and AI-based scheduling is also propelling the market.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Humanity (U.S.)
• Pioneer Works (U.S.)
• Deputechnologies (U.S.)
• Paycor (U.S.)
• TimeForge Scheduling (TRUNO) (U.S.)
• WhenToWork (U.S.)
• TimeCurve (U.S.)
• Workforce (U.S.)
• Planday (U.S.)
• Zip Schedules (U.S.)
• Ultimate Software (U.S.)
• Atlas Business Solutions (U.S.)
• Acuity Scheduling (U.S.)
• ReachLocal (India)
• Resource Guru (India)
• Appointy (India)
• Shiftboard (U.S.)

INDUSTRIAL DEVELOPMENT

January 2023: CaseworkiQ is launched, as announced by ActiveOps PLC. With heavy caseloads and high compliance circumstances, it serves as employee scheduling software that supports operations. With support for case settings, the most recent solution, CaseworkiQ, builds upon and enhances current ActiveOps workforce efficiency solutions. Customers can use the solution to schedule resources according to their service level agreements (also known as SLAs) and caseload demand, which results in decreased risk, costs, and optimized performance.

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.