Time and Attendance Management Software Market
Time and Attendance Management Software Market Size, Share & Trends Analysis Report by Technology (Single Stage and Double Stage), by Absorber Type (Lithium Bromide and Ammonia), by Power Source (Direct Fired, Indirect Fired, and Water Driven), and by Application (Chemicals, Food & Beverages, Power, Paper & Pulp, power & energy and Others), Forecast Period (2023-2030)
Time and attendance management software market is anticipated to grow at a CAGR of 10.19% during the forecast period (2023-2030). The market’s growth is attributed to remote work flexibility across the globe. Remote work arrangements, that have grown increasingly significant in healthcare owing to telemedicine and remote administrative responsibilities, can be helped by time and attendance software. According to the National Institute of Health (gov.), in June 2022, the U.S. currently spends close to twice as much on health care as other high-income countries, yet falls short of the WHO vision for health care. In 2020, U.S. health expenditures totaled $4.1 trillion, and this number is projected to reach $6 trillion by 2028, taking up 20% of the nation’s gross domestic product. This spending is focused predominantly on treatment for diseases and injuries, rather than on prevention of such illnesses and injuries. The U.S. has a lower life expectancy than its peer countries, a higher rate of death by suicide, a higher chronic disease burden, higher rates of preventable hospitalizations, higher use of unnecessary expensive testing and procedures, and lower use of primary care.
Total Healthcare Expenditure
Source: National Institute of Health(gov.)
Segmental Outlook
The global time and attendance management software market is segmented on the component, deployment, organization size, and industry vertical. Based on the component, the market is sub-segmented into software, and service. Based on the deployment mode, the market is sub-segmented into on-premise, cloud, and hybrid. Based on the organization size, the market is sub-segmented into large enterprises, and small and medium-sized enterprises. Furthermore, on the basis of industry vertical, the market is sub-segmented into retail and e-commerce, it and telecom education, bfsi, manufacturing, healthcare, government, and others. The services subcategory is expected to capture a significant portion of the market share within the component segment. This is attributed to the need to maximize performance, remain up to date on changes, and minimize IT expenses drives demand for managed services in the time and attendance software industry.
The Government Sub-Segment is Anticipated to Hold a Considerable Share of the Global Time and Attendance Management Software Market
Among the industry vertical, the government sub-segment is expected to hold a considerable share of the global Time and Attendance Management Software market. The segmental growth is attributed to the increased accountability. Government agencies are liable to taxpayers and citizens. By keeping precise records of employee attendance and work hours, time and attendance software improves transparency and accountability. For instance, in January 2020, Dubai Health Authority (DHA) launched the “GRP Attendance Management System 2.0”to manage the attendance of employees working on shifts. The new system seeks to address various issues, including delays in the existing system and the lack of flexibility and control over the hours of those working on a rota. It offers more flexibility and the ability to make changes more quickly.
Regional Outlook
The global time and attendance management software market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Europe is anticipated to hold a prominent share of the market across the globe, owing to the rising acceptance of time tracking software across numerous businesses and the need for more effective workforce management solutions.
Global Time and Attendance Management Software Market Growth by Region 2023-2030
The North America Region is Expected to Grow at a Significant CAGR in the Global Time and Attendance Management Software Market
Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the rising health and safety concerns across the region. The COVID-19 epidemic has highlighted the need of occupational health and safety. Time and attendance management software can help ensure compliance with safety measures including social distancing and tracking employees' health state. According to the MDPI, in September 2022, an IoT-based intelligent attendance management system is designed, based on the cloud, a web server, Google API, a non-contact body temperature sensor, and the Raspberry Pi 4 module. A survey was conducted at a university and the satisfaction levels of using the system were recorded.
Furthermore, As of May 2021, the World Health Organization (WHO) reported that there have been 521,920,560 confirmed cases of coronavirus disease 2019 (COVID-19), including 6,274,323 deaths, globally. The virus is primarily spread through large droplets, aerosols, and fomites and it can be difficult to track the virus and its mutations. To reduce the risk of further spread of COVID-19, particularly in unvaccinated populations, the Centers for Disease Control and Prevention (CDC) recommends maintaining a distance of at least six feet from others.
Market Players Outlook
The major companies serving the time and attendance management software market include Human Improvement Project, Kinedu, Med Art Studios (Sprout Baby), National Media Group, Parent Cue, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January, 2023, ADP acquired Securax Tech Solutions (India) Pvt Ltd., strengthening ADP’s ability to offer combined payroll and time solutions in the APAC Region.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global time and attendance management software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. ADP
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Allegion Plc.,
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Ceridian HCM Holding, Inc.,
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Time and Attendance Management Software Market by Component
4.1.1. Software
4.1.2. Service
4.2. Global Time and Attendance Management Software Market by Deployment Mode
4.2.1. On-premise
4.2.2. Cloud
4.2.3. Hybrid
4.3. Global Time and Attendance Management Software Market by Organization Size
4.3.1. Large Enterprises
4.3.2. Small and Medium-sized Enterprises
4.4. Global Time and Attendance Management Software Market by Industry Vertical
4.4.1. Retail and E-commerce
4.4.2. IT and Telecom
4.4.3. Education
4.4.4. BFSI
4.4.5. Manufacturing
4.4.6. Healthcare
4.4.7. Government
4.4.8. Others(Financial Services, and Legal Services)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Bullhorn, Inc.
6.2. Greytrix India Pvt. Ltd.,
6.3. HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO. LTD
6.4. IBM Corp.
6.5. Jibble
6.6. Oracle
6.7. Paychex, Inc.
6.8. Paycom Software, Inc.
6.9. TimeClock Plus, LLC
6.10. UKG Inc.
6.11. Workday
6.12. WorkForce Software
6.13. Zebra Technologies Corp.
6.14. Zoho Corp. Pvt. Ltd.
1. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
2. GLOBAL SOFTWARE TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL SERVICE TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
5. GLOBAL BASED ON ON-PREMISE TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL BASED ON CLOUD TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL BASED ON HYBRID TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2022-2030 ($ MILLION)
9. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE BY LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE BY SMALL AND MEDIUM-SIZED ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL , 2022-2030 ($ MILLION)
12. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR RETAIL AND E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR IT AND TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
19. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
20. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
21. NORTH AMERICAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
22. NORTH AMERICAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
23. NORTH AMERICAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
24. NORTH AMERICAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2022-2030 ($ MILLION)
25. NORTH AMERICAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
26. EUROPEAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. EUROPEAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
28. EUROPEAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
29. EUROPEAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2022-2030 ($ MILLION)
30. EUROPEAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
31. ASIA-PACIFIC TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
32. ASIA-PACIFIC TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
33. ASIA-PACIFIC TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
34. ASIA-PACIFIC TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2022-2030 ($ MILLION)
35. ASIA-PACIFIC TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
36. REST OF THE WORLD TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
37. REST OF THE WORLD TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
38. REST OF THE WORLD TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2022-2030 ($ MILLION)
39. REST OF THE WORLD TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2022-2030 ($ MILLION)
1. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SHARE BY COMPONENT, 2022 VS 2030 (%)
2. GLOBAL SOFTWARE TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL SERVICE TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SHARE BY DEPLOYMENT MODE, 2022 VS 2030 (%)
5. GLOBAL BASED ON-PREMISE TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL BASED ON CLOUD TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL BASED ON HYBRID TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SHARE BY ORGANIZATION SIZE, 2022 VS 2030 (%)
9. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE BY LARGE ENTERPRISES MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE BY SMALL AND MEDIUM-SIZED ENTERPRISES MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SHARE BY INDUSTRY VERTICAL, 2022 VS 2030 (%)
12. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR RETAIL AND E-COMMERCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR IT AND TELECOM MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR EDUCATION MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR BFSI MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR HEALTHCARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR GOVERNMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
19. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
20. GLOBAL TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
21. US TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
22. CANADA TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
23. UK TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
24. FRANCE TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
25. GERMANY TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
26. ITALY TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
27. SPAIN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF EUROPE TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
29. INDIA TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
30. CHINA TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
31. JAPAN TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
32. SOUTH KOREA TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
33. REST OF ASIA-PACIFIC TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
34. REST OF THE WORLD TIME AND ATTENDANCE MANAGEMENT SOFTWARE MARKET SIZE, 2022-2030 ($ MILLION)
