The Latin America, Middle East and Africa Workforce Management Market would witness market growth of 14.7% CAGR during the forecast period (2023-2030).
In the ever-evolving landscape of business operations, effective human capital management is a pivotal determinant of organizational success. Workforce management, a comprehensive set of processes and technologies, has emerged as a strategic approach to optimize the utilization of human resources, enhance productivity, and align workforce strategies with overarching business goals. This multifaceted domain spans a spectrum of functions, from time and attendance tracking to labor scheduling, performance management, and beyond.
In addition, adopting workforce management solutions has undergone a remarkable evolution, reflecting the dynamic nature of work and the relentless pursuit of efficiency in the corporate landscape. Historically, manual methods dominated workforce management, with organizations relying on spreadsheets, paper-based systems, and rudimentary time clocks. However, the demand for automated solutions gained momentum as the complexity of workforce structures increased, along with the need for real-time insights and compliance adherence.
The LAMEA region has been experiencing growth in the healthcare industry, driven by population growth, urbanization, and increased healthcare spending. The demand for effective workforce management solutions will likely rise as the healthcare sector expands. As per the data published in 2023 by the International Trade Administration, Brazil is the largest healthcare sector in Latin America, spending 9.47% of its GDP on healthcare, representing US$161 billion. Thus, the growing healthcare industry in the LAMEA region will boost the demand for workforce management software.
The Brazil market dominated the LAMEA Workforce Management Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $379.3 million by 2030. The Argentina market is showcasing a CAGR of 15.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 14.4% during (2023 - 2030).
Based on Deployment, the market is segmented into On-premises, and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Solution, the market is segmented into Time & Attendance Management, Workforce Scheduling, Embedded Analytics, Absence Management, and Others. Based on Application, the market is segmented into BFSI, Automotive & Manufacturing, Academia, Healthcare, Government, Retail, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include UKG, Inc., SAP SE, Oracle Corporation, WorkForce Software, LLC, NICE Ltd., ActiveOps PLC, Infor, Inc. (Koch Industries), EG Workforce Solutions, SISQUAL Workforce Management, Lda., Blue Yonder Group, Inc. (Panasonic Holdings Corporation)
In the ever-evolving landscape of business operations, effective human capital management is a pivotal determinant of organizational success. Workforce management, a comprehensive set of processes and technologies, has emerged as a strategic approach to optimize the utilization of human resources, enhance productivity, and align workforce strategies with overarching business goals. This multifaceted domain spans a spectrum of functions, from time and attendance tracking to labor scheduling, performance management, and beyond.
In addition, adopting workforce management solutions has undergone a remarkable evolution, reflecting the dynamic nature of work and the relentless pursuit of efficiency in the corporate landscape. Historically, manual methods dominated workforce management, with organizations relying on spreadsheets, paper-based systems, and rudimentary time clocks. However, the demand for automated solutions gained momentum as the complexity of workforce structures increased, along with the need for real-time insights and compliance adherence.
The LAMEA region has been experiencing growth in the healthcare industry, driven by population growth, urbanization, and increased healthcare spending. The demand for effective workforce management solutions will likely rise as the healthcare sector expands. As per the data published in 2023 by the International Trade Administration, Brazil is the largest healthcare sector in Latin America, spending 9.47% of its GDP on healthcare, representing US$161 billion. Thus, the growing healthcare industry in the LAMEA region will boost the demand for workforce management software.
The Brazil market dominated the LAMEA Workforce Management Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $379.3 million by 2030. The Argentina market is showcasing a CAGR of 15.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 14.4% during (2023 - 2030).
Based on Deployment, the market is segmented into On-premises, and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Solution, the market is segmented into Time & Attendance Management, Workforce Scheduling, Embedded Analytics, Absence Management, and Others. Based on Application, the market is segmented into BFSI, Automotive & Manufacturing, Academia, Healthcare, Government, Retail, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include UKG, Inc., SAP SE, Oracle Corporation, WorkForce Software, LLC, NICE Ltd., ActiveOps PLC, Infor, Inc. (Koch Industries), EG Workforce Solutions, SISQUAL Workforce Management, Lda., Blue Yonder Group, Inc. (Panasonic Holdings Corporation)
Scope of the Study
Market Segments Covered in the Report:
By Deployment
- On-premises
- Cloud
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Solution
- Time & Attendance Management
- Workforce Scheduling
- Embedded Analytics
- Absence Management
- Others
By Application
- BFSI
- Automotive & Manufacturing
- Academia
- Healthcare
- Government
- Retail
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- UKG, Inc.
- SAP SE
- Oracle Corporation
- WorkForce Software, LLC
- NICE Ltd.
- ActiveOps PLC
- Infor, Inc. (Koch Industries)
- EG Workforce Solutions
- SISQUAL Workforce Management, Lda.
- Blue Yonder Group, Inc. (Panasonic Holdings Corporation)
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Workforce Management Market by Deployment
Chapter 6. LAMEA Workforce Management Market by Organization Size
Chapter 7. LAMEA Workforce Management Market by Solution
Chapter 8. LAMEA Workforce Management Market by Application
Chapter 9. LAMEA Workforce Management Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- UKG, Inc.
- SAP SE
- Oracle Corporation
- WorkForce Software, LLC
- NICE Ltd.
- ActiveOps PLC
- Infor, Inc. (Koch Industries)
- EG Workforce Solutions
- SISQUAL Workforce Management, Lda.
- Blue Yonder Group, Inc. (Panasonic Holdings Corporation)
Methodology
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