Attendance management system: Key market research findings
- Emergence of advanced analytical tools
- Increased use of Cloud-based biometrics
Technavio has released a new market research report on the global attendance systems management market, which is expected to grow at a CAGR of 10% by 2020. The major purpose of attendance systems management is to encourage employees to work regularly and assist them in motivating their co-workers to follow suit. Attendance management is crucial for organizations to understand employees’ in and out activities and track unwarranted leaves of absence. Currently, the Americas is the largest revenue-contributing region in the global attendance management market, however, APAC is expected to be the fastest-growing region in the coming years. APAC is expected to be the highest adopter of attendance management systems owing to increase in the adoption of facial, vein, and iris biometric technologies in the region.
Attendance management system by technology
Source: Technavio, 2016
“The emergence of advanced analytical tools is one of the latest trends in the attendance management market. The analytical tools help employers gain insight from the employee records. These analytics assist organizations to deal with employee work and efficiency. Advanced analytical tools also provide employers with better understanding of employee behavior. Such insights have prompted organizations to apply predictive and content analytics in enhancing operational efficiency,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research
Organizations across the world are adopting money-saving biometric time and attendance solutions to keep track of employee timesheet. Biometric infrastructure on the cloud includes the servers that consist of biometric template databases and all the processing data that is created during an individual’s identification and verification.
The leading vendors in the global attendance systems management market are ADP, Kronos, Reflexis Systems and SAP. Large vendors dominate the market due to their widespread operations and established customer bases. Several pure-play solution providers are entering the market and providing solutions to meet the global demand for attendance management. With advances in technology and improvements in product offerings, vendors are expected to deliver an improved user experience, better performance, and increased effectiveness.
A more detailed analysis is available in the Technavio report, Global Attendance Systems Management Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Biometrics as a Service Market 2016-2020
- Global Biometric in Workforce Management 2015-2019
- Global Workforce Management (WFM) Software Market in the Healthcare Sector 2015-2019
- Global Workforce Management Software Market in Retail Industry 2015-2019
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