The Time And Attendance Software Global Market Report 2023, provides comprehensive information on the time and attendance software market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Time And Attendance Software Market’s Growth:
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As per The Business Research Company’s Time And Attendance Software Global Market Report 2023, the global time and attendance software market size is expected to grow from $2.80 billion in 2022 to $3.11 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the time and attendance software market size is expected to grow to $4.68 billion in 2027 at a CAGR of 10.7%.
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Strategic partnerships and collaborations have emerged as the key trends gaining popularity in the time and attendance software market. Key players operating in the time and attendance software market are focused on partnerships and collaborations to reinforce their position. For instance, in May 2022, Greenshades, Inc., a US-based creator of a platform for processing payroll taxes and human capital management (HCM) data, partnered with Lathem Time, a US-based designer and manufacturer of timekeeping products. This collaboration is intended to integrate each other’s systems to create new, cutting-edge, end-to-end labor management solutions. Moreover, in September 2021, Timerack, a US-based human resources management program developer, intended to serve as a front-end payroll system partnered with Coats Staffing Software to provide necessary software solutions to time and attendance, payroll, employee monitoring, and recruitment problems in the staffing industry. Coats Staffing Software is a US-based recruitment company that provides fully comprehensive accounting integrated CRM and payroll services.
The time and attendance software market is segmented:
1) By Component: Software, Services
2) By Type: Time Cards, Proximity Cards Badges And Key Fobs, Biometric, Web-Based Login Stations, Interactive Voice Response (IVR)
3) By Deployment Mode: On-Premise, Cloud, Hybrid
4) By Organisation Size: Large Enterprises, Small and Medium Enterprises (SMEs)
5) By Industry Verticals: Banking, Financial Services and Insurance (BFSI), Manufacturing, Healthcare, Government, Retail and E-Commerce, IT and Telecom, Education, Other Industry Verticals
North America was the largest region in the time and attendance software market in 2022.
The table of contents in TBRC’s time and attendance software market report includes:
1. Executive Summary
2. Time And Attendance Software Market Characteristics
3. Time And Attendance Software Market Trends And Strategies
4. Time And Attendance Software Market – Macro Economic Scenario
5. Time And Attendance Software Market Size And Growth
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26. Africa Time And Attendance Software Market
27. Time And Attendance Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Time And Attendance Software Market
29. Time And Attendance Software Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Automatic Data Processing (ADP) Inc
- Ultimate Kronos Group (UKG) Inc
- Ceridian HCM Inc
- Paycor Inc
- SAP SE
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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