Global Vacation-Tracking Software Market Overview:
Organizations can keep track of employee holidays as well as other time off by using vacation tracking software. Additionally, it has the ability to automatically approve or reject vacation requests. Additionally, the technology assists in managing the company's vacation policy, enables employees to seek vacation, streamlines the approval process, and keeps track of who is in and out of the office at any given moment. Growing number of millennials in the workforce in the industry, and growing need among enterprises to make an informed decision are some factors that are driving the market.
|Unit||Value (USD Million)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
Rising Awareness among Businesses Regarding Employee Productivity and Retention and Demand for Labour Tracking and Employee Satisfaction
Market Growth Drivers:
Growing Number of Millennials in the Workforce in the Industry, Growing Need among Enterprises to Make an Informed Decision and Stringent Labour Laws and the Need for Effective Compliance with These Regulations
High Cost of Providing Software Maintenance
Availability of Substitutes
Growing Development of Infrastructure in Emerging Nations
Global Vacation Tracking Software is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Pingboard (United States), Vacation Tracker (Canada), Replicon (Canada), TriNet Zenefits (United States), Namely (United States), Kronos (United States), BambooHR (United States), Paycor (United States) and ADP (United States). Additionally, following companies can also be profiled that are part of our coverage like Viventium (United States), iCIMS (United States), Bindle (United States), HR Cloud (United States), ClickTime (United States) and TIME OFF CLOUD (United States). Considering Market by Component, the sub-segment i.e. Software will boost the Vacation-Tracking Software market.
Latest Market Insights:
In February 2022, TriNet, a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs) acquired Zenefits, a leading SaaS-based human capital management (HCM) solution purpose-built for SMBs to enable people operations, from Francisco Partners. Zenefits is a wholly-owned subsidiary of TriNet and will be known as TriNet Zenefits.
In August 2022, Replicon had been featured in the Constellation ShortList for Workforce Management Suites for 2022. This recognition has reaffirmed its stature as one of the world's leading workforce management solution providers. Replicon offers cloud-based, AI-powered workforce management capabilities, including time and attendance, absence & leave management, job costing, complex scheduling, global gross payroll, workforce analytics, and global compliance solutions.
What Can be Explored with the Vacation-Tracking Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Vacation-Tracking Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Vacation-Tracking Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vacation-Tracking Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vacation-Tracking Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Vacation Tracking Software Developers, Vacation Tracking Software Service Providers, Vertical Industry, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.