The back-office workforce management market in Europe is expected to grow from US$ 1,077.79 million in 2022 to US$ 1,913.27 million by 2028. It is estimated to grow at a CAGR of 10.0% from 2022 to 2028.
Request for Mobile Workforce Management Apps
Companies are increasingly preferring app-based workforce management platforms to create smart workplaces. Reluctance toward embracing the benefits of mobility may cost them a fortune, especially in the longer run, by triggering inefficiencies and employee dissatisfaction. A mobile application creates a central hub to provide consistency in employee experience. With location monitoring, businesses can deliver hyper-local content and send real-time alerts and notifications to their employees. When location monitoring is integrated into the application, location monitoring further helps deliver relevant and timely experiences while increasing efficiency, productivity, and engagement of the employees. Mobile applications make it simple to enter workers’ official day count and other related information in data systems. Apps serve as a single hub combining all digital touchpoints associated with the management into a seamless, user-friendly platform. Making all work-related materials available on a single app allows enterprises to ensure the seamless functioning of employees, both, on campus and at home. Management teams can communicate and collaborate with coworkers and the firm via official mobile apps. Moreover, these apps can automatically capture the arrival time of employees at their perspective workstations. Such benefits of mobile app-based solutions for workforce management are creating growth opportunities for the back-office workforce management market players.
Market Overview
Workforce management has reached relative maturity in Western Europe. However, the back-office workforce management market is anticipated to grow significantly across the region with major companies aiming to invest in the implementation of advanced applications, modern recording solutions, and advanced analytics capabilities. Furthermore, the continuous need for improving workforce optimization processes and high compliance requirements imposed by the EU General Data Protection Regulation continue to contribute to the market expansion in the region. There is a slightly higher demand for workforce management solutions in the Nordic region than in the rest of Europe, mainly. As a result, an excess purchase of software program modules for planning, process analytics, and back-office optimization is anticipated to drive the adoption of back-office workforce management solutions in the region. The UK has long been one of Europe's leading financial centers. Residents can choose from several banks, each offering different packages tailored to different customer groups, from students in the UK to those looking to save for retirement in the UK. Therefore, the growing transformation of banks should be a major driver of market growth across the region.
Europe Back-office workforce management Market Revenue and Forecast to 2028 (US$ Million)
Europe Back-office workforce management Market Segmentation
The Europe back-office workforce management market is segmented into solution, end user, and country. Based on solution, the market is segmented into robotic automation process, performance management, back-office optimization, process analytics, and others. The robotic automation process segment held the largest market share in 2022.
NICE Ltd.; Open Text Corporation; Verint Systems, Inc.; ActiveOps PLC; Alvaria, Inc.; Calabrio Inc.; Oracle Corporation; Genesys; Intradiem; and Team Software are the leading companies operating in the back-office workforce management market in the Europe region.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 1,077.79 Million |
| Market Size by 2028 | US$ 1,913.27 Million |
| CAGR (2022 - 2028) | 10.0% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Solution
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
The Europe Back-office workforce management Market is valued at US$ 1,077.79 Million in 2022, it is projected to reach US$ 1,913.27 Million by 2028.
As per our report Europe Back-office workforce management Market, the market size is valued at US$ 1,077.79 Million in 2022, projecting it to reach US$ 1,913.27 Million by 2028. This translates to a CAGR of approximately 10.0% during the forecast period.
The Europe Back-office workforce management Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Back-office workforce management Market report:
The Europe Back-office workforce management Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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Essentially, anyone involved in or considering involvement in the Europe Back-office workforce management Market value chain can benefit from the information contained in a comprehensive market report.
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