Workforce Management (WFM) software market 2015 in the retail industry to grow at a CAGR of 5.61% By 2019: Market Research Store

Deerfield Beach, FL -- (SBWire) -- 09/15/2015 --Global Workforce Management Software Market in Retail Industry 2015-2019

About Workforce Management Software

Traditionally, workforce management was handled with the help of spreadsheets and time recording, which are time-consuming, can lead to non-productive idle times and poor customer services, and incur high operational costs. Global Workforce Management (WFM) software market in the retail industry to grow at a CAGR of 5.61% over the period 2014-2019. WFM software helps businesses to manage workforce scheduling, increase operational performance, and identify and solve workforce-related issues. WFM solutions can be deployed across organizations and are beneficial to all types of businesses as they ensure that the right people with the desired skills are recruited for a job.

About the Report

The latest market research report indicates that workforce management (WFM) software supports the growth of an organization by streamlining business processes and improving operational efficiency, which is increasing its adoption among SMEs.

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"WFM software helps SMEs to increase their revenue, improve workforce utilization and reduce the cost of acquiring and managing their workforce,".

Workforce management encompasses the following activities:

Time, attendance, and leave management
HR administration
Performance management
Budgeting of workforce
Talent management
Activity management
Training and development

Covered in this Report

This report covers the present scenario and the growth prospects of the global WFM software market in the retail industry for the period 2015-2019. To calculate the market size, the report considers the revenue generated through the following.

Issues of software licenses and subscriptions
Software implementation cost
Technical support
Maintenance cost and professional services

Global Workforce Management Software Market in Retail Industry 2015-2019, 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 in the coming years. The report also includes a discussion of the key vendors operating in this market.

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With the availability of effective WFM software, SMEs can help their sales, marketing, and support staff to function as a team and manage store activities, thus eliminating excessive manual processes.

The new report also emphasizes the emergence of a cloud-based approach to workforce management. The deployment of cloud-based WFM solutions is cost-effective as compared to on-premises options, and vendors provide cloud solutions on a pay-per-use basis, which is beneficial for SMEs.

Market Scope and Calculation of Market Size

The new report covers the present scenario and the growth prospects of the global WFM software market in the retail industry from 2015-2019. To calculate the market size, it considers the revenue generated through:

Software licenses and subscriptions
Software implementation
Technical support
Maintenance and professional services

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Key Vendors:
ADP LLC.
Kronos Inc.
Oracle Corp.
Reflexis Systems Inc.
SAP AG