DUBLIN, Oct. 20, 2020 /PRNewswire/ — The “Time and Attendance Software – Global Market Outlook (2019-2027)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Time and Attendance Software Market accounted for $1,317.38 million in 2019 and is expected to reach $2,493.09 million by 2027, growing at a CAGR of 8.3% during the forecast period.
Customization of the software (cater to the needs of different groups of employees) and growing integration with financial analytics are the major factors propelling the market growth. However, cost of installation of this software is hampering the market growth.
Time and attendance software is a business application developed to optimize and track the number of work hours of an employee, which helps keep record of wages and salaries paid. It provides management personnel with diverse tools to help maximize cash flow and minimize waste.
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