13.8% CAGR for Healthcare Workforce Mgmt. Systems Market Globally to 2019 Says a New Research Report Available at ReportsnReports.com
(PRWEB) August 11, 2014 -- The global healthcare workforce management systems market is expected to grow at a double digit CAGR during the forecast period of 2014 to 2019 and is estimated to be worth $1,453.8 million by 2019. The market is mainly driven by the growing need of healthcare professionals due to the increasing aging population and resultant increase in the prevalence of diseases in North America and Europe, technological innovations, and the implementation of stringent regulations. However, data security risk and high cost of software up-gradation and maintenance inhibit the growth of the market to a certain extent.
In this report, the global healthcare workforce management systems market is segmented based on solution (software and services), mode of delivery, end user, and geography. Based on solution, the healthcare workforce management systems market is divided into software and services. The software market is further divided into standalone software and integrated software. The standalone software market is divided into time and attendance, scheduling, HR and payroll, talent management, analytic, and others. The services market covers variety of services related to the workforce management software including implementation, support and maintenance, optimization, and education/training services. Complete report is available at http://www.reportsnreports.com/reports/294097-healthcare-workforce-management-systems-market-by-solution-talent-management-time-attendance-scheduling-optimization-services-by-mode-of-delivery-cloud-based-web-based-by-end-user-hospital-long-term-care-global-forecast-to-2019.html.
During the forecast period, the time and attendance software segment will continue to drive and dominate the healthcare workforce management systems market. The large share of the time and attendance software segment can be attributed to its wide usage in the workforce management market. By 2019, North America will continue to drive and dominate the healthcare workforce management systems market, primarily due to the increasing demand of healthcare professionals. Majority of the growth in the Asia-Pacific region is primarily driven by the growing healthcare infrastructure in this region.
Some of the major players in the global healthcare workforce management systems market include Infor Inc, Oracle Corporation, Kronos Inc, SAP AG, Mckesson Corporation, Automatic Data Processing, Inc, GE Healthcare (Api Healthcare), Cornerstone Ondemand Inc, IBM Corporation and Workday Inc. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=294097.
Based on the mode of delivery, the market is segmented as on-premise solutions, web-based solutions, and cloud-based solutions. This report also discusses the key market drivers, restraints, and opportunities in the global healthcare workforce management systems market and its sub-markets.
Kronos (U.S.) and Infor Inc. (U.S.) are the leading players in the market which together accounted for a share of around 45% to 50% in 2013. Kronos is a prominent player with a strong brand image in the growing healthcare workforce management systems market. Kronos has a strong presence in the U.S. and is strengthening its presence through expansions in the European and Asian markets. It focuses on strengthening and streamlining its product portfolio for the healthcare workforce management systems market. Priced at US$4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=294097.
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The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help the firms garner a greater market share. Firms purchasing this report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping a greater market share.
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