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Workforce Management Software Market to grow by USD 3.67 Billion (2025-2029), driven by regulatory compliance, Report on AI impact on market trends – Technavio

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NEW YORK, Jan. 29, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global workforce management software market size is estimated to grow by USD 3.67 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  8.4%  during the forecast period. Regulatory compliance associated with workforce management is driving market growth, with a trend towards rising adoption of digital hr technology. However, high implementation and maintenance cost  poses a challenge. Key market players include ActiveOps PLC, Advanced Computer Software Group Ltd., ATOSS Software AG, Automatic Data Processing Inc., Bamboo HR LLC, Ceridian HCM Holding Inc., International Business Machines Corp., Koch Industries Inc., NICE Ltd., Oracle Corp, Panasonic Holdings Corp., Paycor HCM Inc., PTC Inc., Rippling People Center Inc., Sage Group Plc, SAP SE, UKG Inc., Verint Systems Inc., Workday Inc., and Zoho Corp. Pvt. Ltd..

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Workforce Management Software Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 8.4%

Market growth 2025-2029

USD 3673.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.7

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key countries

US, China, UK, Germany, Canada, France, Japan, South Korea, Saudi Arabia, and Brazil

Key companies profiled

ActiveOps PLC, Advanced Computer Software Group Ltd., ATOSS Software AG, Automatic Data Processing Inc., Bamboo HR LLC, Ceridian HCM Holding Inc., International Business Machines Corp., Koch Industries Inc., NICE Ltd., Oracle Corp, Panasonic Holdings Corp., Paycor HCM Inc., PTC Inc., Rippling People Center Inc., Sage Group Plc, SAP SE, UKG Inc., Verint Systems Inc., Workday Inc., and Zoho Corp. Pvt. Ltd.

Market Driver

The Workforce Management Software market is experiencing significant growth due to the increasing trend of remote work and the need for efficient Employee Management, Labor Management, and HR Management in various industries. Healthcare, Construction, Packaging, Aerospace, and Manufacturing sectors are major end-users. Cloud computing, including private cloud, is a key trend, ensuring process transparency and scalability. Workforce prediction, scheduling, task management, rewards, and time and attendance are essential features. HR activities such as employee training and labor laws compliance are also critical. Workforce optimization through AI, Machine Learning, and predictive analytics is driving productivity in contact centers, back offices, Energy and Utilities, and IT resources. Remote workforces, including in-store employees, field service providers, and hybrid workforces, require effective workforce management solutions. Vendors offer cloud adoption, big data, budgeting, workforce scheduling, workforce analytics, fatigue management, and resource allocation. Mobile applications, labor regulations, and time tracking are other important aspects. The market continues to evolve, focusing on digital solutions, accessibility, and compliance. 

Organizations are leveraging mobile technology to enhance the employee experience by digitalizing HR processes. Mobile apps, social media, analytics, and cloud technologies are key drivers of this transformation. Employees now prefer using mobiles for work, blurring the lines between personal and professional life. Digital HR technology offers a unified platform for integrating these technologies, enabling organizations to design mobile apps for HR functions and provide innovative solutions using video, social, and mobile technologies. By adopting digital HR, companies can streamline HR processes, improve candidate and employee experience, and stay competitive in today’s digital world. 

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Market Challenges

The Workforce Management Software market is experiencing significant growth due to the increasing challenges in managing remote workforces, particularly in sectors like healthcare, construction, and manufacturing. Employee management, labor management, and HR management software are in high demand for scheduling, task management, time and attendance, and rewards. Business operations require workforce prediction, scheduling optimization, and labor analytics for forecasting and budgeting. Cloud computing, including private cloud, offers process transparency and scalability. The employment-to-population ratio influences the need for workforce optimization in sectors like contact centers, back offices, energy and utilities, and IT resources. Compliance with labor laws is crucial, and workforce management vendors provide solutions for mobile applications, in-store employees, field service providers, and employee training. AI and machine learning enhance productivity, customer service, and workforce analytics. The market also caters to industry-specific needs such as aerospace, bio-based adhesives, and the packaging end-user segment.The cost of implementing workforce management software is a significant barrier for many organizations in the market. This expense consists of the software license fee, system design and customization charges, implementation costs, employee training expenses, and ongoing maintenance fees. After acquiring the software license, companies must hire IT personnel for successful implementation. Furthermore, employees need to be trained on how to effectively utilize the application. Post-implementation, continuous upgrades are necessary to stay competitive in the market. Consequently, high implementation and maintenance costs may impede the expansion of the global workforce management software market during the forecast period.

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Segment Overview 

This workforce management software market report extensively covers market segmentation by  

End-user 1.1 IT and telecom1.2 BFSI1.3 Healthcare1.4 Manufacturing1.5 OthersDeployment 2.1 Cloud based2.2 On-premisesGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South AmericaType

1.1 IT and telecom-  Telecom and IT companies are shifting their focus towards workforce management technologies to effectively attract, hire, develop, and retain the necessary talent to meet their organizational goals. The increasing use of independent contractors and freelancers, along with industry mergers and acquisitions, are driving the implementation of workforce management software in HR functions. This software enables telecom and IT organizations to analyze data related to talent needs, competency gaps, and workforce patterns, using advanced technologies like AI, ML, and NLP. The growing volume of data requires efficient management to guide talent management teams and enable informed decision-making. Predictive analytics is being used to identify future skill sets and prioritize recruitment workflows. Workforce management software is essential for telecom and IT companies to efficiently manage their workforce, reduce costs, and maintain a competitive advantage.

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Research Analysis

The Workforce Management Software market is a dynamic and evolving industry that caters to businesses seeking to optimize their workforce and streamline operations. This software solutions segment includes Remote Work, Healthcare, Employee Management, Labor Management, and Staff Management systems. These tools enable businesses to effectively schedule and manage their workforce, predict workforce needs, and optimize task management. Mobile applications are increasingly popular for in-store employees and field service providers, offering real-time access to employee data and scheduling. Workforce optimization also includes employee training, labor analytics, forecasting, and scheduling optimization. Big data, AI, and predictive analytics are integral components, providing valuable insights for productivity, customer service, IT resources, and compliance with labor laws. Businesses can leverage these solutions to manage hybrid workforces, ensuring efficient time tracking and adherence to regulations. Business Intelligence solutions and contact center platforms further enhance workforce management capabilities.

Market Research Overview

The Workforce Management Software market is experiencing significant growth due to the increasing trend of remote work and the need for efficient Employee Management, Labor Management, and HR Management in various industries. The market caters to Business Operations in sectors like Healthcare, Construction, Packaging, Aerospace, Energy and Utilities, Manufacturing, and Contact Centers, among others. These solutions offer features such as workforce prediction, scheduling, task management, rewards, and time and attendance tracking. They also provide labor analytics, forecasting, and scheduling optimization using Big Data and AI technologies. Cloud computing, including private cloud solutions, ensures process transparency and scalability. The market also addresses the challenges of employment-to-population ratios, labor regulations, and resource allocation. It serves in-store employees, field service providers, and IT resources, enabling workforce optimization through mobile applications, employee training, and fatigue management. The market is witnessing increased adoption of digital solutions, AI, and predictive analytics for business intelligence and workforce management in hybrid workforces.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userIT And TelecomBFSIHealthcareManufacturingOthersDeploymentCloud BasedOn-premisesGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth AmericaType

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Solestial to be Featured in Google Workspace Big Game Commercial

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Space startup to represent Arizona in Google’s “50 States, 50 Stories” campaign

TEMPE, Ariz., Feb. 6, 2025 /PRNewswire/ — Tempe space startup Solestial, Inc. (“Solestial”), will be featured in a Google Workspace commercial scheduled to air Sunday February 9, on Fox networks in the Arizona market during America’s most-watched football game. The ad, which features Solestial CEO Stan Herasimenka and other employees, showcases the cutting-edge solar technology for space being developed by Solestial and how the company is using Google’s AI tool, Gemini.

The company was handpicked by Google to represent Arizona as part of its “50 States, 50 Stories” campaign, which features 50 small businesses from across the United States. Google’s goal for the 30-second ad was to select a wide array of businesses from different locations and industries and highlight the many ways customers, like Solestial, are using AI.

“We were honored to be selected from among many innovative Arizona technology companies for Google’s campaign. It’s every business’s dream to be featured in a commercial during football’s premier event,” said Solestial CEO, Stan Herasimenka. “We are hopeful that the media attention will increase awareness of our next-generation silicon solar technology within the space industry, federal agencies, and the military. Beyond that, our team is really looking forward to seeing the commercial air on game day. It’s a company milestone none of us will ever forget.”

Solestial’s Google Workspace commercial, and all “50 states, 50 stories” commercials, are available on the Google Workspace website and on YouTube.

About Solestial

Solestial exists to deliver abundant energy in space. The company’s breakthrough technology is a silicon solar cell engineered for space to self-cure radiation damage under sunlight at operating temperatures as low as 65°C. Solestial solar cells are packaged in an ultrathin, low-mass, flexible solar power module designed to withstand up to 10 years in a variety of destinations in space. The flexible solar power modules can be produced on automated machines resulting in lower production costs than traditional III-V multijunction solar products.

From today’s satellite constellations and research projects to tomorrow’s lunar settlements and services in space, Solestial’s innovative technology represents a paradigm shift for space solar; an affordable, scalable solution to power sustained development. Solestial is a US company manufacturing solar cells and flexible solar power modules in Tempe, Arizona. Investors include space industry leaders including AE Ventures and Airbus Ventures. To learn more, visit the Solestial website or follow Solestial on social media.

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SOURCE Solestial, Inc.

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Lumen Technologies to Attend Investor Conferences

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DENVER, Feb. 6, 2025 /PRNewswire/ — Chris Stansbury, executive vice president and chief financial officer at Lumen Technologies (NYSE: LUMN), will attend the following investor conferences:

JP Morgan Global High Yield & Leveraged Finance Conference on February 25.Raymond James Annual Institutional Investors Conference on March 3.Morgan Stanley Technology, Media & Telecom Conference on March 4.Deutsche Bank Annual Media, Internet & Telecom Conference on March 11.New Street BCG Connectivity Conference on March 26.

Live webcast links to each of the investor presentations will be made available on the Lumen Investor Relations website at https://ir.lumen.com/events-and-presentations.

About Lumen Technologies 
Lumen is unleashing the world’s digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI’s full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.  

For additional news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies.  

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SOURCE Lumen Technologies

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ASAP Utilities wins ‘Best Microsoft Excel Add-in’ Award at the Global Excel Summit 2025

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LONDON, Feb. 6, 2025 /PRNewswire/ — ASAP Utilities has won the ‘Best Microsoft Excel Add-in’ award at the Global Excel Summit 2025. The winners were chosen through a comprehensive process that included public nominations, expert evaluations by a panel of leading Excel experts, and final voting by the global Excel community.

The Global Excel Summit, the world’s largest event for Excel users and experts, brings together thousands from around the world to share ideas, improve skills, and learn about the latest trends in Excel.

The Global Excel Awards, organized by the Global Excel Summit, celebrate excellence within the Excel community across five categories. ASAP Utilities won in the ‘Best Microsoft Excel Add-in’ category for its many tools that extend Excel’s capabilities, enhancing productivity and efficiency. Other awards categories include Rising Star in the Excel Industry, Most Innovative Use of Excel, Best LAMBDA, and Best Global Excel Summit 2025 In-Person Session.

“Winning this award is a tremendous honor and a significant compliment from the Excel community. Since 1999, we have been committed to helping Excel users by continuously developing tools that save time and perform tasks that Excel alone cannot,” said Bastien Mensink, the founder of ASAP Utilities.

Helping Excel users worldwide

Nearly a million users rely on ASAP Utilities, an essential tool for Excel users worldwide. It is also one of the few Excel add-ins available in ten languages, making it accessible to users everywhere.

ASAP Utilities is available in two editions, so everyone can benefit from working faster and accomplishing more in Excel. The Home & Student Edition is free for personal use, for students, and for charitable organizations like UNICEF and the Red Cross. The Business Edition is a one-time purchase for companies and government organizations, with a fully functional 90-day free trial to try all the features.

For more information about the Global Excel Awards, visit:  https://globalexcelsummit.com/global-excel-awards

For more information about ASAP Utilities, visit:  https://www.asap-utilities.com

Website:  https://www.asap-utilities.com

Photos which are free to use for editorial purposes can be downloaded via:  https://www.asap-utilities.com/media

Trustpilot reviews:  https://www.trustpilot.com/review/www.asap-utilities.com

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