Market Size of Workforce Management Software Industry
| Study Period | 2018 - 2028 |
| Market Size (2023) | USD 12.17 Billion |
| Market Size (2028) | USD 12.22 Billion |
| CAGR (2023 - 2028) | 0.08 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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WFM Software Market Analysis
The Workforce Management Software Market size is expected to grow from USD 12.17 billion in 2023 to USD 12.22 billion by 2028, at a CAGR of 0.08% during the forecast period (2023-2028).
The COVID pandemic has disrupted the supply chain network of raw materials, negatively affecting the adhesives and sealants market. Post-pandemic, the rising demand for construction, healthcare, and packaging industries is excepted to revive the market for adhesives and sealants.
- The demand for adhesives and sealants is extensively driven by the growing demand from the construction industry and increasing healthcare infrastructure.
- However, the market growth is likely to be hindered by the rising environmental concerns regarding the usage of chemicals.
- In the studied market, the packaging end-user segment is expected to dominate the market. However, the aerospace end-user segment is expected to be the fastest-growing segment in the region during the forecast period.
- The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials are likely to offer opportunities for the adhesives and sealants market in the region.
- Saudi Arabia stands to be the largest market for adhesives and sealants in the region, where consumption is majorly driven by the end-user industries, such as construction, healthcare, and packaging.
