August 2, 2015 -
Biometrics Research Group, Inc. released a fresh market analysis and report on biometrics technology for workforce management systems.
Market forecasts, as discussed by Biometrics Research Group, Inc. analysts, include the following:
– The market for worldwide workforce management software was US$10 billion in 2010 and is forecast to reach US$18 billion by the end of 2015.
– Demand for workforce management solutions delivered through the software-as-a- service (SaaS) model will demonstrate robust growth. By 2017, more than 50 percent of new workforce management solution purchases will be made with vendors providing on-demand SaaS offerings. SaaS will account for more than 50 percent of the biometric time and attendance fraud software market by 2018.
– The market for all biometric workforce management solutions (i.e., cloud-, software- and hardware-based) will reach US$600 million in sales by 2018.
– Biometrics Research Group, Inc. predicts market growth for cloud-, software-, and hardware-based management solutions of US$1.5 billion from 2015 to 2020.
About Biometrics Research Group, Inc.
Biometrics Research Group, Inc. is headquartered in Toronto with a team of writers, researchers, editors, producers and research analysts delivering independent coverage about the global biometrics industry six days a week. Subscribe for daily email updates.
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