Lewes, DE -- (SBWIRE) -- 03/02/2016 -- Report forecast the global attendance systems management market to grow at a CAGR of 9.84% during the period 2016-2020.

Managing attendance systems is an important aspect of supervision in nearly every organization. The solution helps track employees and their presence within the organization. By monitoring attendance, organizations can understand the behavior of employees, such as their arrival and departure times, vacation and sick days, and leaves of absence.

Attendance systems management also helps carry out safety procedures required for counting present employees in the event of an emergency. It also helps maintain regular employee presence, leading to higher profits and productivity.

The report covers the present scenario and the growth prospects of the global attendance systems management market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales of attendance systems solutions, including software, integrated solutions, and services.

The market is divided into the following segments based on technologies:
- Proximity cards
- Biometrics

According to the report, employee productivity is one of the key areas of concern in any organization. A lack of productivity among different departments poses a number of challenges for product manufacturers and all of the supply chain processes. These solutions provides distribution managers with a superior level of tracking and control, including effective workforce planning and scheduling capabilities that ensure maximum economic benefits.

Further, the report states that despite the fact that fingerprint recognition biometrics in attendance systems is considered to be one of the most secure technologies to gain access into secure premises, it is vulnerable to a number of security issues.

Global Attendance Systems Management Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Attendance Systems Management Market: ADP, Kronos, Reflexis Systems and SAP.

Other Prominent Vendors in the market are: Acumen Data Systems, Allegion, Biometric Time Clock Systems, Bullhorn, Cognitec Systems, eSSL Security, ePortID, FingerCheck, Fujitsu, Herta Security, Infinisource, NETtime Solutions, TimeLabs, Trac-Tech and Tyco.

Market driver
- Need for increased employee productivity and efficiency
- For a full, detailed list, view our report

Market challenge
- Security concerns surrounding fingerprint recognition biometrics in attendance systems
- For a full, detailed list, view our report

Market trend
- Multimodal biometrics
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 43 pages and 14 Exhibit "Global Attendance Systems Management Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by technology, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces analysis, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-attendance-systems-management-market-2016-2020

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