The growing demand for digital transformation and increase in adoption of cloud-based solutions are some of the major factors driving the market growth.
NEW CASTLE, Delaware, Aug. 16, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Employee Scheduling Software Market by Type (Cloud-based and On-premises), and Application (Small Business, Mid-Size Enterprise, Large Enterprise and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the employee scheduling software market was valued at $0.5 billion in 2023 and is estimated to reach $1.3 billion by 2032, growing at a CAGR of 11.5% from 2024 to 2032.
Prime determinants of growth
The employee scheduling software market is experiencing growth due to growing focus on compliance and labor regulations in various regions, leading to a demand for employee scheduling software that can effectively track work hours, oversee overtime, and ensure adherence to regulations.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2032 |
| Base Year | 2023 |
| Market Size in 2023 | $0.5 billion |
| Market Size in 2033 | $1.3 billion |
| CAGR | 11.5% |
| No. of Pages in Report | 455 |
| Segments Covered | Type, Application, and Region |
| Drivers |
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| Opportunity |
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| Restraint |
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Segment Highlights
The cloud-based scheduling software segment is expected to grow faster during the forecast period
The cloud-based scheduling software allows users to manage appointments, tasks, and events online, typically accessed through a web browser or mobile app. It provides features like calendar synchronization, automated reminders, user collaboration, and real-time updates, all stored and processed on remote servers instead of local hardware.
The small and medium-sized enterprises segment is expected to grow faster during the forecast period.
The small and medium-sized enterprises (SMEs) segment of software scheduling focuses on providing efficient and user-friendly scheduling solutions tailored to the needs and resources of smaller businesses. These software solutions typically offer features such as employee scheduling, task management, and resource allocation, aimed at optimizing productivity and minimizing operational costs for SMEs.
Asia-Pacific is expected to dominate during the forecast period.
The Asia-Pacific employee scheduling software market is experiencing rapid growth due to rise in demand for efficient and cost-effective solutions to manage complex operations. The region has many small and medium-sized businesses, which are increasingly turning to scheduling software to streamline their operations. The region is also seeing surge in the number of startups offering innovative scheduling solutions, which are helping businesses to save time and money. In addition, rise in adoption of cloud-based solutions is driving the growth of the employee scheduling software market in the region. The region is also witnessing a rise in the number of mobile users, which is further driving the demand for mobile-friendly scheduling solutions.
Regional Outlook
The regional outlook for the employee scheduling software market varies across the globe. In North America, there’s a strong emphasis on advanced optimization and automation, particularly in tech hubs like Silicon Valley. Europe prioritizes efficiency and compliance, with countries like Germany leading in sophisticated scheduling systems. The Asia-Pacific region focuses on scalability and affordability, with rapid growth seen in emerging tech centers such as China and India. Latin America shows increasing adoption to boost productivity, while the Middle East and Africa are steadily embracing software scheduling to streamline operations. Overall, globalization and digitalization are driving the adoption of scheduling software worldwide, each region tailoring solutions to fit its unique needs and circumstances.
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Major Industry Players: –
The report provides a detailed analysis of these key players in the global employee scheduling software market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Recent Development:
- In August 2020, Oracle acquired DataFox, a provider of AI-driven business intelligence. This acquisition aimed to enhance Oracle Cloud Applications with AI-derived company-level data, empowering customers to make better decisions and improve business outcomes. DataFox, a startup founded in 2013, developed an AI-based engine that gathers information on public and private businesses, managing data on over 2.8 million companies and adding 1.2 million annually. The integration of DataFox technologies with Oracle Cloud Applications allowed for an extensive set of trusted company-level data and signals to be utilized by customers, particularly in areas like account management, lead generation, and CRM solutions.
- In October 2020, Salesforce acquired Slack, a provider of enterprise communication and collaboration tools. This acquisition marked a significant move by Salesforce to enhance its suite of offerings by integrating Slack’s popular workplace messaging platform. The $27.7 billion acquisition aimed to combine Salesforce’s customer relationship management (CRM) capabilities with Slack’s communication and collaboration tools, providing users with improved collaboration, seamless access to customer data, enhanced productivity through automation, and the ability to create customized workflows and applications using Salesforce’s low-code development tools.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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Originally published at https://www.einpresswire.com/article/736032006/employee-scheduling-software-market-to-reach-1-3-billion-globally-by-2032-at-11-5-cagr-allied-market-research
