The back-office workforce management market in Europe is expected to grow from US$ 1,077.79 million in 2022 to US$ 1,913.27 million by 2028. It is estimated to grow at a CAGR of 10.0% from 2022 to 2028.
Market Overview
Workforce management has reached relative maturity in Western Europe. However, the back-office workforce management market is anticipated to grow significantly across the region with major companies aiming to invest in the implementation of advanced applications, modern recording solutions, and advanced analytics capabilities. Furthermore, the continuous need for improving workforce optimization processes and high compliance requirements imposed by the EU General Data Protection Regulation continue to contribute to the market expansion in the region. There is a slightly higher demand for workforce management solutions in the Nordic region than in the rest of Europe, mainly. As a result, an excess purchase of software program modules for planning, process analytics, and back-office optimization is anticipated to drive the adoption of back-office workforce management solutions in the region. The UK has long been one of Europe's leading financial centers. Residents can choose from several banks, each offering different packages tailored to different customer groups, from students in the UK to those looking to save for retirement in the UK. Therefore, the growing transformation of banks should be a major driver of market growth across the region.Europe Back-office workforce management Market Segmentation
The Europe back-office workforce management market is segmented into solution, end user, and country. Based on solution, the market is segmented into robotic automation process, performance management, back-office optimization, process analytics, and others. The robotic automation process segment held the largest market share in 2022.- Based on end user, the market is segmented into IT and telecom, BFSI, transportation, retail and E-commerce, government, and others. The IT and telecom segment held the largest market share in 2022.
- Based on country, the market is segmented into Germany, UK, France, Italy, Russia, and Rest of Europe. The UK dominated the market share in 2022.
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Back Office Workforce Management - Market Landscape
5. Europe Back Office Workforce Management Market - Market Dynamics
6. Back Office Workforce Management Market - Europe Market Analysis
7. Europe Back Office Workforce Management Market Analysis - By Solution
8. Europe Back Office Workforce Management Market Analysis - By End User Industry
9. Europe Back Office Workforce Management Market - by Country Analysis
10. Industry Landscape
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned
- NICE Ltd.
- Open Text Corporation
- Verint Systems, Inc.
- ActiveOps PLC
- Alvaria, Inc.
- Calabrio Inc.
- Oracle Corporation
- Genesys
- Intradiem
- Team Software
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 128 |
Published | October 2022 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 1077.79 Million |
Forecasted Market Value ( USD | $ 1913.27 Million |
Compound Annual Growth Rate | 10.0% |
Regions Covered | Europe |
No. of Companies Mentioned | 10 |