Time and Attendance Software Market to Reach $ 8.3 billion, Globally, by 2032 at 12.1% CAGR: …
The time and attendance software market is driven by the increasing adoption of automated workforce management solutions by businesses of all sizes. PORTLAND, Ore., Oct. 12, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Time and Attendance Software Market by Component (Software and Services), Deployment Type (On-premise, Cloud, and Hybrid), Organization Size (Large Enterprises, and Small and Medium-sized Enterprises), and Industry Vertical (BFSI, Manufacturing, Healthcare, Government, Retail and E-commerce, IT and Telecom, Education, and Others): Global Opportunity Analysis and Industry Forecast, 2023″2032”. According to the report, the global time and attendance software industry generated $2.7 billion in 2022 and is anticipated to generate $8.3 billion by 2032, witnessing a CAGR of 12.1% from 2023 to 2032. Time and attendance software is an essential element in today’s evolving workforce structure. It is designed to track as well as optimize the hours that employees spend on the job and keep records of salaries and wages paid. Prime Determinants of Growth The time and attendance software market’s growth is due to the global shift towards remote and flexible work arrangements, accelerated by the COVID-19 pandemic, which has spurred demand for time and attendance software. Organizations need tools to monitor remote employees’
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