Global Attendance Systems Management Market 2016-2020

Overview of the global attendance systems management market

Attendance systems help to track employees and their presence within an organization. By monitoring the attendance, organizations can understand the behavior of their employees, such as their arrival and departure times, vacation and sick days, and leaves of absence. The prospects for growth in this market will be impelled by the growing need for higher employee efficiency and better time management in organizations. Organizations from across the globe deploy attendance systems management solutions to manage their workforce efficiently. The effective deployment of this software helps organizations to monitor the real-time performance of their employees and also enables easy planning and scheduling of work. The ability of such solutions to augment productivity, reduce costs, and improve the quality of services for better customer satisfaction will result in this market’s steady CAGR of almost 10% over the forecast period.

Technavio’s market research analyst has estimated that the presence of eminent factors, such as the advent of cloud-based biometrics, will aid in the steady growth of this market until the end of 2020. The cloud-based biometric technology uses cloud services through a web-based user interface that is either a browser or mobile application. Cloud-based biometric solutions are affordable for small and mid-sized organizations in the retail sector, as the pricing of cloud biometrics is based on a pay-per-use model. Consequently, numerous organizations are adopting money-saving biometric time and attendance solutions to keep track of their employees’ attendance.

Technological segmentation of the attendance systems management market

• Proximity cards
• Biometrics