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Global Workforce Management Software Market to Grow at a CAGR of 8.49% by 2021 - Driven by the Surging Usage of Social Media - Research and MarketsDUBLIN, May 19, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Workforce Management Software Market 2017-2021" report to their offering. The global workforce management software market to grow at a CAGR of 8.49% during the period 2017-2021. The report, Global Workforce Management Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. One trend in market is surging usage of social media. The widespread use of social media in the human resource management (HRM) industry is increasing business opportunities for the vendors. Job sharing via social media networks is contributing to the growth of the market. The social media boom resulted in companies altering their policies on the Internet usage, sales and marketing, recruitment, and employee retention to include the insights obtained. Further, the report states that one challenges in market is threat from open-source software. A number of organizations have developed open-source software solutions that are available to end-users free of cost. Open-source solutions enable users to make changes to the software as per their requirements. Therefore, organizations that have a low budget for workforce management software solutions prefer open-source software. This reduces the demand for paid workforce management software solutions. Certain workforce management software developers are offering their solutions for free to small businesses with certain restrictions. These open-source and free software are likely to adversely affect the sales of workforce management software and hinder its market growth. Key vendors
Other prominent vendors
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