Global Time and Attendance Software Market Size, Share & Trends Analysis Report, By Deployment Mode (Cloud-Based and On-Premise), By Organization Size (Large Enterprises and Small and Medium Enterprises), By Industry Vertical (Manufacturing, BFSI, Retail, IT and Telecom, Healthcare, Government, Education and Others), Forecast (2022-2028)

The global time and attendance software market is anticipated to grow at a CAGR of 9.0% during the forecast period (2022-2028). Time and attendance software is a type of business application aimed to optimize and track the hours that employees give during the job. It also helps in keeping records of wages and salaries paid. Such software is quite commonly deployed in business verticals of all sizes. It offers management staff with various tools to support maximize cash flow and minimize waste. COVID-19 has mandated the work from home culture in majority of the organizations, which has necessitated to deploy the time and attendance systems. This was primarily aimed at improving operational efficiency while following the work from home trend.

Such factors have also surged the growth of the global time and attendance systems market. Further, this software provide ease in the management of administration related tasks such as scheduling, planning, maintaining regular calendars, among others. For instance, the time and attendance systems offer key features to an organization that include complying with government regulations, tracking employee hours, tracking wages paid, and minimizing the errors in bookkeeping.

Some key players operating in the market include IBM Corp., Oracle Corp., and SAP SE, among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2021, Rippling, the HR and IT management platform maker launched time & attendance solution to streamline employee time tracking from check-in to paycheck.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-

• By Deployment Mode
• By Organization Size
• By Industry Vertical

• Regions covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape: IBM Corp., Oracle Corp., and SAP SE, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

• Deviation from the pre-COVID-19 forecast
• Most affected region and segment

• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Time and Attendance Software Market Report by Segment

By Deployment Mode

• Cloud-Based
• On-Premise

By Organization Size

• Large Enterprises
• Small and Medium Enterprises

By Industry Vertical

• Manufacturing
• BFSI
• Retail
• IT and Telecom
• Healthcare
• Government
• Education
• Others

Global Time and Attendance Software Market Report by Region

North America

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

 

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

 

Rest of the World

• Latin America
• Middle East and Africa