IBM Corporation - Oracle Corporation - Internap Corporation - Packet Inc. (An Equinix Inc. Company) - Scaleway Inc. - Amazon Web Services Inc. - Rackspace Inc. - CenturyLink, Inc. - LightEdge Solutions, Inc. [Report Description] The Europe Workforce Management Software Market was valued at USD 1.76 billion in 2020. It is anticipated to reach USD 2.58 billion by 2026, growing at a CAGR of Companies must rely on IT solutions to ensure compliance due to the increasing complexity of workforce-related standards and the need for increased productivity to maintain a competitive advantage.

Highlights The traditional method of managing the workforce by keeping spreadsheets and registers for all activities has become extremely time-consuming, cumbersome, and error-prone due to the changing nature of the workplace. Software for workforce management makes it possible to effectively manage work schedules, business processes, labor costs, talent management, and other aspects of performance management. It provides even more in-depth insights for better human capital management thanks to its analytics and data drill-down capabilities.
Europe had the lowest employee engagement score of any region in the world in 2020, according to Aon's 2020 Trends in Global Employee Engagement. Due to this low level of employee engagement, workforce management software adoption is expected to rise even further across the region, and businesses are willing to spend money on employee engagement to maintain employee satisfaction and engagement, which in turn increases productivity and retention.
Over the past ten years, the trend toward remote work has been steadily growing. Notwithstanding, the impact of Coronavirus has decisively sped up this pattern in a very brief period, driving organizations regardless of their size to adjust rapidly to the self-segregation estimates that were being suggested by legislatures across the area. Due to the fact that the pandemic will necessitate a greater number of remote workers, remote workforce management software has emerged as an essential piece of software for businesses.
The private cloud is being used by a number of businesses to provide workforce management solutions with multiple levels of physical and logical security. The desire to obtain an all-in-one solution that may include services such as salesforce, inbound marketing software, marketing automation software, workforce management software, and business analytical tools to achieve insights with commercial, operational, and financial aspects is one of the primary reasons why many business leaders favor cloud-based workforce management.
The majority of software-as-a-service evaluations center on comparing the feature set to any existing issues and locating a vendor with which to work well. Nonetheless, executing new labor force the board programming can be a costly and tedious interaction, one that should be performed right to receive the rewards that any association looks for.
The Retail and Wholesale Services sector is one of the most important sectors in the EU economy and should play a significant role in stimulating growth and job creation under the Europe 2020 strategy. Key Market Trends The Consumer Goods and Retail Sector is Expected to Grow Significantly One third of all non-financial economy businesses in Europe are in this industry, mostly small to medium-sized retailers and wholesalers that serve local markets.
In Europe and MEA, professional service organizations' employee attrition rate is 11.4%, according to Kimble. Furthermore, the questionnaires from more than 200,000 employees at three major European retailers were used in the ECR Retail Loss Group survey to investigate the connection between employee engagement levels across factors. The four indicators of loss-shrinkage, waste, cash loss, and lost sales caused by out of stock-were found to be linked to a significant number of employee engagement factors. The workforce management software could significantly reduce this loss.
Following a decision made by the European Court of Justice (ECJ), employers all over Europe are now required to keep track of their employees' time and attendance. Thus, the ECJ decided that part states should oblige bosses to set up a framework for the day to day recording of working time. Workforce management software has seen an increase in demand as a result of this regulation.
For the retail industry's market expansion, numerous partnerships and collaborations are gaining traction. For instance, Booths, a leading high-end supermarket chain in Northern England, selected Logile store planning and workforce management solution suites and engineered labor standards, according to an announcement made in June 2020 by Logile Inc. Booths will implement the software solutions throughout the retail stores, gas stations, warehouses, and corporate offices of the company through this. In addition, in October 2020, Reflexis Systems announced that IKI, one of Lithuania's largest retailers, had chosen Reflexis for increasing labor efficiency. This selection is a crucial strategic technological milestone for Booths and also marks Logile's first UK customer. Workforce Scheduler, Time & Attendance, Employee Self-Service (ESS), Advanced Analytics & Reporting, and Mobility solutions were among the Reflexis intelligent workforce management solutions that IKI planned to implement. IKI collaborated with Reflexis and its partner StrongPoint to implement solutions in 228 Lithuanian stores for over 5,000 employees.
The United Kingdom is Expected to Hold a Significant Market Share Some of the factors that are anticipated to drive the studied market growth in the United Kingdom region are the rising demand for adaptability, flexibility, and the rising focus of the organization on improving employee experience and workforce productivity.
Many businesses, particularly departments responsible for human resource management, are being compelled to implement workforce management solutions in order to effectively manage a variety of tasks as private sector employment continues to rise. As per the Branch of Business, Advancement, and Abilities, the quantity of individuals utilized in confidential area organizations in the Unified Realm in the discount and retail area, in Authoritative and support administration exercises, Assembling, Data, and correspondence represented 5060, 3064, 2688 and 1445 separately as of October 2020.
The retail, travel and transportation, and manufacturing sectors are expanding at a rapid rate, outpacing the market in terms of the rate of adoption of these management software systems, which is driving the growth of the studied market. Additionally, a high level of productivity is essential to the success of any business. Businesses are working hard to cut costs, increase employee productivity, and streamline business processes.
Workforce scheduling software is getting a lot of attention in the country, especially in the healthcare industry. For instance, the Minister of Care announced in January 2021 that 38 NHS trusts would receive GBP 7.5 million to support digital shift scheduling, allowing staff members to spend more time with patients. The venture is important for a GBP 26 million public asset to have all NHS specialists, medical caretakers, and other clinical staff on e-rostering frameworks by 2021.
Numerous brand-new solutions for workforce management are also being introduced in the nation. For instance, SD Worx, a provider of HR and payroll services, empowered UK businesses in June 2020 by introducing its workforce management solution, which leads the European market. SD Worx is the first UK payroll and human resources provider to offer a SaaS solution for workforce management (WFM) with all the features of a standalone WFM product.
The European workforce management software market faces a highly dynamic competitive landscape. Because no dominant player exists, the market is highly fragmented. The developing requirements of the end-client businesses are driving advancements on the lookout.

April 2021 - SD Worx Gathering NV went into a conclusive consent to obtain Aditro, a Cloud HR and Finance programming supplier in Sweden, Finland, and Norway. The agreement was made as part of the company's plan to grow its presence in the HR and payroll market in Europe and strengthen its position in the Nordics.
April 2021 - Flash NZ chose Calabrio Inc., for the inventory of cloud-based labor force the executives (WFM) arrangement as a feature of its Bound together Bleeding edge drive. The initiative was a way of working at Spark where employees are part of an end-to-end home base and cross-skilled across multiple customer touchpoints. More than 1500 Spark employees are covered by the Calabrio ONE platform in over 80 different locations, including the contact centers, retail stores, and remote workers.
Signavio GmbH, a pioneer in the field of enterprise business process intelligence and process management, was acquired by SAP SE in January 2021. SAP's ability to assist businesses in rapidly comprehending, enhancing, transforming, and managing their business processes at scale will be strengthened by combining Signavio with the Business Process Intelligence unit.
MYOB acquires a 73% stake in Roubler in October 2020. The goal of the investment is to enable MYOB to acquire and integrate Roubler's exclusive WFM functionality into its ERP and PS suite, MYOB Advanced. This will result in a powerful end-to-end business management platform and support MYOB's mission to support more businesses worldwide and in Australia and New Zealand."