Healthcare Workforce Management System Industry Worth $2.8 billion by 2029, with a CAGR of 10.1%
The report "Healthcare Workforce Management System Market by Component (Software: Scheduling, Talent Management, Analytics, Service: Optimization, Consulting, Support), Type (Standalone, Integrated), End User (Hospital, Nursing Home) - Global Forecast to 2029", is projected to reach USD 2.8 billion by 2029, from USD 1.7 billion in 2024, at a CAGR of 10.1% during the forecast period. WHO estimated a shortage of 10 million health workers by 2030, primarily affecting low- and lower-middle-income countries. Through the use of predictive analytics, artificial intelligence (AI) is bringing about a revolution in the management of healthcare workforces. Mobile workforce management solutions are becoming gradually popular, which is causing a shift in the way that healthcare workers access and manage their schedules. The healthcare workforce management systems report delves into key industry trends, technology analysis, regulatory analysis, key stakeholders & buying criteria, key conferences & events & others such nuances. Growth in the market is attributed to increasing adoption of cloud-based healthcare workforce management solutions and strengthening need to curtail healthcare costs through effective management of the healthcare workforce.
Browse 498 market data Tables and 51 Figures spread through 385 Pages and in-depth TOC on "Healthcare Workforce Management System Market by Component (Software: Scheduling, Talent Management, Analytics, Service: Optimization, Consulting, Support), Type (Standalone, Integrated), End User (Hospital, Nursing Home) - Global Forecast to 2029"
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Standalone software segment hold the highest share in 2024.
On the basis of software segment, the healthcare workforce management market is bifurcated into standalone software and integrated software. In 2023, the standalone software segment accounted for the largest share of the healthcare workforce management market. Standalone software allows healthcare organizations to customize the system according to their specific needs, workflows, and compliance requirements, providing a more tailored solution compared to cloud-based options.
Large organizations are projected to dominate the healthcare workforce management systems market in 2023, by organization size.
On the basis of organization size, the healthcare workforce management systems market is segmented into large, medium & small organization size. Large organization accounted for the largest share the healthcare workforce management systems market in 2024. Increasing demand to analyze workforce management data for achieving organizational goals is expected to drive healthcare workforce management solutions and services adoption among large enterprises.
Time and attendance management segment accounted for the largest share of the healthcare workforce management systems market in 2023, by standalone software.
On the basis of standalone software, healthcare workforce management systems market is bifurcated into time and attendance management, scheduling software, HR and payroll management, talent management, workforce analytics, and other standalone software. In 2024, time and attendance management software accounted for the largest share of the global standalone healthcare workforce management software market. The growth of the time and attendance solutions market for the healthcare can be mainly attributed to the need to reduce labor costs, increase operational efficiency, and avoid compliance risks.
By region, North America to dominate the market for healthcare workforce management systems in 2024
In 2024, North America is projected to dominate the market followed by Europe. Factors such as the existence of key players in the region, the healthcare workforce management systems have many opportunities within the US considering the availability of many large hospitals and health systems, changing regulations, increasing demand for health professional workforce and driving the market growth in North America.
Prominent players offering healthcare workforce management systems software and services include Infor (US), UKG Inc. (US), Oracle Corporation (US), Automatic Data Processing, Inc. (US), SAP SE (Germany), Workday, Inc. (US), ATOSS Software AG (Germany), WorkForce Software, LLC. (US), Paycor HCM, Inc. (US), Dayforce, Inc. (US), Zoho Corporation Pvt. Ltd. (US), Connecteam (US), Cornerstone (US), Strata Decision Technology (US), symplr (US), Rippling People Center Inc. (US), Bamboo HR LLC. (US), Hireology (US), Deputy (Australia), Paylocity Holding Corporation (US), Shiftboard, Inc. (US), Humanforce Holdings Pty Ltd (Australia), T3 Workforce (Australia), Legion Technologies, Inc. (US), and Quinyx AB (Sweden).
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