Kronos, Inc. and Infor, Inc. Lead the Healthcare Workforce Management Systems Market
The healthcare workforce management systems market is highly consolidated with the top five players accounting for nearly 75% of the market share in 2013. Majority of the leading players in the market are based in developed countries, across North America and Europe.
Kronos, Inc. (U.S.) and Infor, Inc. (U.S.) were the leading players in this market with respective market shares of 30%–35%, in 2013. Kronos has a diversified product portfolio, which includes a wide range of standalone and integrated workforce management software, including time and attendance, scheduling, analytics, HR and payroll, and talent management. The company’s leading position in the market in 2013 is attributed to its strong geographical presence in the U.S. Furthermore, the company focuses on various development strategies such as new product launches, agreements, and expansions to extend its reach in new geographies. On the other hand, Infor’s large market share is attributed to its comprehensive industry focused solutions and its presence in over 200 countries across the globe.
The key strategies adopted by players in the global healthcare workforce management systems market are new product launches; acquisitions, agreements, and collaborations; and expansions. Apart from Kronos, Inc. (U.S.) and Infor, Inc. (U.S.), other leading players in this market are McKesson Corporation (U.S.), SAP AG (Germany), Oracle Corporation (U.S.), ADP Inc. (U.S.), and GE Healthcare (U.S.).
In order to maintain their leadership position, many players in this market strive to develop innovative solutions or enhance their existing solutions by maintaining their active R&D activities. Some of the major players aim to either expand their product portfolio or increase their geographical presence through the mode of acquisitions. While organic expansions have been followed by some companies, majority of the top players have adopted mergers and acquisitions as their key growth strategy.
Related Reports:
Healthcare Workforce Management Systems Market by Solution (Talent Management, Time & Attendance, Scheduling, Optimization Services), by Mode of Delivery (Cloud-based, Web-based), by End-User (Hospital, Long Term Care) - Global Forecast to 2019
https://www.marketsandmarkets.com/Market-Reports/healthcare-workforce-management-systems-market-92262366.html
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