Workforce Analytics Market to Reach US$ 2,453.9 Mn by 2026, Research Report Finds

The global workforce analytics market is expected to reach a value of US$ 2,453.9 Mn by 2026, supported by rising adoption of compliance initiatives, improved operational efficiency, and controlled workflow, a recent news report by Transparency Market Research has been able to suggest.

The market is projected to expand at a CAGR of 10.3% during the forecast period from 2018 to 2026. Increasing demand for integrated workforce analytics, growing trend of mobile workforce coupled with multiple benefits offered by workforce analytics are encouraging the higher adoption of workforce analytics. In addition, rising penetration of mobile devices is boosting the global demand for mobile based workforce analytics.

The growth of workforce analytics software/services is directly or indirectly related to the growth of workforce management solutions, as most of the vendors offer workforce analytics solutions as an add-on feature to their workforce management solutions.

Adoption of workforce analytics by small and medium-sized enterprises (SMEs) is increasing mainly due to cost efficiency as well as limited capital investment required for subscription based (cloud) services. Installing workforce analytics in an organization for cost cutting and time savings (process optimization) is fuelling the growth of the market substantially with the trend expected to be maintained during the forecast period.

Time and Attendance UK – experienced SME partner, supplier of advanced workforce management solutions

Every company that faces massive changes in its organizational structure should first and foremost implement a very solid and reliable workforce management system, capable of coping with the challenges.

Time & Attendance UK is a market leader in Time and Attendance and Access Control solutions, offering companies an extensive set of tools enabling them to manage their workforces in a very effective manner.

Our top-range smart card-based clocking stations offer a very high level of functionality, supporting features such as job booking, job costing, labour hours analysis and security management including quality CCTV surveillance playback.

Additionally, our software allows companies to easily store details for up to 2000 employees, and also offers a couple of additional interesting features, such as payroll and absence summary support, job booking and Fire Roll Call, shift swapping and premiums, etc.

If you want to find out more about the range of solutions provided by Time and Attendance UK, our dedicated team will be more than happy to answer all your questions.