Market and research firm MarketsandMarkets recently published another report called "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."
The study stated that the global healthcare workforce management systems market will grow at a compound annual growth rate (CAGR) of 13.8% from 2014 to 2019. By the end of 2014, the market is projected to be valued at $761.7 million and reach $1,453.8 million by 2019.
The healthcare workforce management solutions are designed and implemented by the healthcare sector to address challenges such as employee scheduling, monitoring, and supervision to ensure that top performers are retained.
The report also identified the key growth driver of the market which is finding affordable solutions that match the available workforce and their competencies.
Meanwhile, the vendors are faced with the challenge of offering solutions to implement Workforce Management Systems because maintenance and software updates are costly. Also, healthcare providers are wary of data privacy and security risks.
The Healthcare Workforce Management Systems Market report covers solutions, mode of delivery, end user, and geographies. It also highlights the key market drivers, limits, and opportunities within the market, as well as its submarkets.