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Time Tracking Solution Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Deployment (On-Premise and Cloud), Organization Size (Small and Medium Enterprises and Large Enterprises), and Application (Tracking and Reporting, Payroll, and Project Management)

September 2023 | 153 pages | ID: TE7585F87CFFEN
The Insight Partners

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The Time Tracking Solution Market size is expected to reach US$ 17.60 billion by 2030 from US$ 2.97 billion in 2022, at an estimated CAGR of 24.9% from 2022 to 2030.

The Europe Time Tracking Solution Market is segmented into the Germany, UK, France, Italy, Russia and rest of Europe. UK is estimated to hold the largest Time Tracking Solution Market share during the forecast period. Cloud-based time tracking solutions are becoming progressively popular in the UK, as they offer various advantages over traditional on-premises solutions. These advantages include lower costs, easier deployment and maintenance, and greater scalability. According to managed cloud services provider Adapt, 92% of SMEs and 85% of large businesses in the UK use cloud services in various forms. At the same time, more than half of businesses (57%) viewed the cloud as a way to reduce the cost of their IT. Also, the cloud delivers more effectively for those who approach it with broader enhancement or optimization objectives. Cloud-based time-tracking solutions can be retrieved from anywhere with the internet, making them ideal for businesses with remote or mobile employees. Thus, the demand for time tracking solutions in the UK is increasing with the increase in cloud-based systems. All such factors contribute to the time tracking solution market growth.

Based on application, the time tracking solution market is segmented into tracking and reporting, payroll, and project management. The tracking and reporting segment held the largest share in the time tracking solution market. The time tracking software is used to track and report the working hours of employees. The employee timesheet reports total hours worked or time spent on a specific task or project. Time tracking software for tracking and reporting has several benefits, such as it can enhance employee productivity by giving them more insight into their work. Employee timesheets improve project execution, decision-making, and compliance with project leader and administration. Time tracking is essential nowadays as remote work is more common. Mobile teams, desk-based employees, and remote companies can use time tracking software because it frequently includes various desktop, web, and mobile apps, which are useful for tracking and reporting work. Hence, the demand for time tracking solutions in the tracking and reporting segment is increasing significantly, contributing to the time tracking solution market growth.

Time tracking software allows people to record employees' time automatically. Time tracking software can be a standalone solution accounting software or a part of project management. Time tracking software can provide a complete breakdown of how employees spend their time. Time tracking within project management software would allow team members to simply add time entries to tasks. After recording the time, the software can also enable viewing and printing project time reports. This functionality allows businesses to track the workload of their team members and print reports for clients and other stakeholders. Time tracking apps have become vital tools for many businesses, providing leaders with information to make work smoother and keep teams on track. Businesses can monitor progress in real-time with time tracking and capture the data needed to estimate future projects accurately. Thus, the use of time tracking solutions is increasing in project management.

Replicon Inc, Clarizen Inc, clicktime.com Inc, ConnectWise LLC, UKG Inc, Kantata Inc, SAP SE, Time Doctor LLC, Planview Inc, and Zoho Corporation Pvt Ltd are among the key Time Tracking Solution Market players that are profiled in this market study.

The overall Time Tracking Solution Market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Time Tracking Solution Market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Time Tracking Solution Market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. TIME TRACKING SOLUTION MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
  4.3.1 List of Vendors in Value Chain

5. TIME TRACKING SOLUTION MARKET - KEY INDUSTRY DYNAMICS

5.1 Time Tracking Solution Market - Key Industry Dynamics
5.2 Market Drivers
  5.2.1 Increasing in Remote Working and BYOD
  5.2.2 Rise in Concerns of Time Theft by Employees
  5.2.3 Adoption of GPS Tracking Solution
5.3 Market Restraints
  5.3.1 Privacy and Data Security Issues from Employee Side
  5.3.2 Lack of Training and Support
5.4 Market Opportunities
  5.4.1 Rise in Adoption of Cloud-Based Time Tracking Solution
  5.4.2 Strategic Initiatives by Market Players
5.5 Future Trends
  5.5.1 Introduction of AI-Based Time Tracking Solution
5.6 Impact of Drivers and Restraints:

6. TIME TRACKING SOLUTION MARKET - GLOBAL MARKET ANALYSIS

6.1 Time Tracking Solution Market Revenue (US$ Million), 2022 – 2030
6.2 Time Tracking Solution Market Forecast and Analysis

7. TIME TRACKING SOLUTION MARKET ANALYSIS - DEPLOYMENT

7.1 On-Premise
  7.1.1 Overview
  7.1.2 On-Premise Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Cloud
  7.2.1 Overview
  7.2.2 Cloud Market, Revenue and Forecast to 2030 (US$ Million)

8. TIME TRACKING SOLUTION MARKET ANALYSIS – ORGANIZATION SIZE

8.1 Large Enterprises
  8.1.1 Overview
  8.1.2 Large Enterprises Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Small and Medium Enterprises
  8.2.1 Overview
  8.2.2 Small and Medium Enterprises Market, Revenue and Forecast to 2030 (US$ Million)

9. TIME TRACKING SOLUTION MARKET ANALYSIS - APPLICATION

9.1 Tracking and Reporting
  9.1.1 Overview
  9.1.2 Tracking and Reporting Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Project Management
  9.2.1 Overview
  9.2.2 Project Management Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Payroll
  9.3.1 Overview
  9.3.2 Payroll Market Revenue, and Forecast to 2030 (US$ Million)

10. TIME TRACKING SOLUTION MARKET - GEOGRAPHICAL ANALYSIS

10.1 Overview
10.2 North America
  10.2.1 North America Time Tracking Solution Market Overview
  10.2.2 North America Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
  10.2.3 North America Time Tracking Solution Market Breakdown by Deployment
    10.2.3.1 North America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Deployment
  10.2.4 North America Time Tracking Solution Market Breakdown by Organization Size
    10.2.4.1 North America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Organization Size
  10.2.5 North America Time Tracking Solution Market Breakdown by Application
    10.2.5.1 North America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Application
  10.2.6 North America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
    10.2.6.1 North America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
    10.2.6.2 US Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.2.6.2.1 US Time Tracking Solution Market Breakdown by Deployment
      10.2.6.2.2 US Time Tracking Solution Market Breakdown by Organization Size
      10.2.6.2.3 US Time Tracking Solution Market Breakdown by Application
    10.2.6.3 Canada Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.2.6.3.1 Canada Time Tracking Solution Market Breakdown by Deployment
      10.2.6.3.2 Canada Time Tracking Solution Market Breakdown by Organization Size
      10.2.6.3.3 Canada Time Tracking Solution Market Breakdown by Application
    10.2.6.4 Mexico Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.2.6.4.1 Mexico Time Tracking Solution Market Breakdown by Deployment
      10.2.6.4.2 Mexico Time Tracking Solution Market Breakdown by Organization Size
      10.2.6.4.3 Mexico Time Tracking Solution Market Breakdown by Application
10.3 Europe
  10.3.1 Europe Time Tracking Solution Market Overview
  10.3.2 Europe Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
  10.3.3 Europe Time Tracking Solution Market Breakdown by Deployment
    10.3.3.1 Europe Time Tracking Solution Market Revenue and Forecasts and Analysis - By Deployment
  10.3.4 Europe Time Tracking Solution Market Breakdown by Organization Size
    10.3.4.1 Europe Time Tracking Solution Market Revenue and Forecasts and Analysis - By Organization Size
  10.3.5 Europe Time Tracking Solution Market Breakdown by Application
    10.3.5.1 Europe Time Tracking Solution Market Revenue and Forecasts and Analysis - By Application
  10.3.6 Europe Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
    10.3.6.1 Europe Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
    10.3.6.2 UK Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.2.1 UK Time Tracking Solution Market Breakdown by Deployment
      10.3.6.2.2 UK Time Tracking Solution Market Breakdown by Organization Size
      10.3.6.2.3 UK Time Tracking Solution Market Breakdown by Application
    10.3.6.3 Germany Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.3.1 Germany Time Tracking Solution Market Breakdown by Deployment
      10.3.6.3.2 Germany Time Tracking Solution Market Breakdown by Organization Size
      10.3.6.3.3 Germany Time Tracking Solution Market Breakdown by Application
    10.3.6.4 France Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.4.1 France Time Tracking Solution Market Breakdown by Deployment
      10.3.6.4.2 France Time Tracking Solution Market Breakdown by Organization Size
      10.3.6.4.3 France Time Tracking Solution Market Breakdown by Application
    10.3.6.5 Italy Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.5.1 Italy Time Tracking Solution Market Breakdown by Deployment
      10.3.6.5.2 Italy Time Tracking Solution Market Breakdown by Organization Size
      10.3.6.5.3 Italy Time Tracking Solution Market Breakdown by Application
    10.3.6.6 Russia Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.6.1 Russia Time Tracking Solution Market Breakdown by Deployment
      10.3.6.6.2 Russia Time Tracking Solution Market Breakdown by Organization Size
      10.3.6.6.3 Russia Time Tracking Solution Market Breakdown by Application
    10.3.6.7 Rest of Europe Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.3.6.7.1 Rest of Europe Time Tracking Solution Market Breakdown by Deployment
      10.3.6.7.2 Rest of Europe Time Tracking Solution Market Breakdown by Organization Size
      10.3.6.7.3 Rest of Europe Time Tracking Solution Market Breakdown by Application
10.4 Asia Pacific
  10.4.1 Asia Pacific Time Tracking Solution Market Overview
  10.4.2 Asia Pacific Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
  10.4.3 Asia Pacific Time Tracking Solution Market Breakdown by Deployment
    10.4.3.1 Asia Pacific Time Tracking Solution Market Revenue and Forecasts and Analysis - By Deployment
  10.4.4 Asia Pacific Time Tracking Solution Market Breakdown by Organization Size
    10.4.4.1 Asia Pacific Time Tracking Solution Market Revenue and Forecasts and Analysis - By Organization Size
  10.4.5 Asia Pacific Time Tracking Solution Market Breakdown by Application
    10.4.5.1 Asia Pacific Time Tracking Solution Market Revenue and Forecasts and Analysis - By Application
  10.4.6 Asia Pacific Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
    10.4.6.1 Asia Pacific Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
    10.4.6.2 China Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.2.1 China Time Tracking Solution Market Breakdown by Deployment
      10.4.6.2.2 China Time Tracking Solution Market Breakdown by Organization Size
      10.4.6.2.3 China Time Tracking Solution Market Breakdown by Application
    10.4.6.3 Japan Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.3.1 Japan Time Tracking Solution Market Breakdown by Deployment
      10.4.6.3.2 Japan Time Tracking Solution Market Breakdown by Organization Size
      10.4.6.3.3 Japan Time Tracking Solution Market Breakdown by Application
    10.4.6.4 South Korea Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.4.1 South Korea Time Tracking Solution Market Breakdown by Deployment
      10.4.6.4.2 South Korea Time Tracking Solution Market Breakdown by Organization Size
      10.4.6.4.3 South Korea Time Tracking Solution Market Breakdown by Application
    10.4.6.5 India Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.5.1 India Time Tracking Solution Market Breakdown by Deployment
      10.4.6.5.2 India Time Tracking Solution Market Breakdown by Organization Size
      10.4.6.5.3 India Time Tracking Solution Market Breakdown by Application
    10.4.6.6 Australia Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.6.1 Australia Time Tracking Solution Market Breakdown by Deployment
      10.4.6.6.2 Australia Time Tracking Solution Market Breakdown by Organization Size
      10.4.6.6.3 Australia Time Tracking Solution Market Breakdown by Application
    10.4.6.7 Rest of Asia Pacific Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.4.6.7.1 Rest of Asia Pacific Time Tracking Solution Market Breakdown by Deployment
      10.4.6.7.2 Rest of Asia Pacific Time Tracking Solution Market Breakdown by Organization Size
      10.4.6.7.3 Rest of Asia Pacific Time Tracking Solution Market Breakdown by Application
10.5 Middle East & Africa
  10.5.1 Middle East & Africa Time Tracking Solution Market Overview
  10.5.2 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
  10.5.3 Middle East & Africa Time Tracking Solution Market Breakdown by Deployment
    10.5.3.1 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts and Analysis - By Deployment
  10.5.4 Middle East & Africa Time Tracking Solution Market Breakdown by Organization Size
    10.5.4.1 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts and Analysis - By Organization Size
  10.5.5 Middle East & Africa Time Tracking Solution Market Breakdown by Application
    10.5.5.1 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts and Analysis - By Application
  10.5.6 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
    10.5.6.1 Middle East & Africa Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
    10.5.6.2 UAE Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.5.6.2.1 UAE Time Tracking Solution Market Breakdown by Deployment
      10.5.6.2.2 UAE Time Tracking Solution Market Breakdown by Organization Size
      10.5.6.2.3 UAE Time Tracking Solution Market Breakdown by Application
    10.5.6.3 Saudi Arabia Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.5.6.3.1 Saudi Arabia Time Tracking Solution Market Breakdown by Deployment
      10.5.6.3.2 Saudi Arabia Time Tracking Solution Market Breakdown by Organization Size
      10.5.6.3.3 Saudi Arabia Time Tracking Solution Market Breakdown by Application
    10.5.6.4 South Africa Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.5.6.4.1 South Africa Time Tracking Solution Market Breakdown by Deployment
      10.5.6.4.2 South Africa Time Tracking Solution Market Breakdown by Organization Size
      10.5.6.4.3 South Africa Time Tracking Solution Market Breakdown by Application
    10.5.6.5 Rest of Middle East & Africa Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.5.6.5.1 Rest of Middle East & Africa Time Tracking Solution Market Breakdown by Deployment
      10.5.6.5.2 Rest of Middle East & Africa Time Tracking Solution Market Breakdown by Organization Size
      10.5.6.5.3 Rest of Middle East & Africa Time Tracking Solution Market Breakdown by Application
10.6 South America
  10.6.1 South America Time Tracking Solution Market Overview
  10.6.2 South America Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
  10.6.3 South America Time Tracking Solution Market Breakdown by Deployment
    10.6.3.1 South America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Deployment
  10.6.4 South America Time Tracking Solution Market Breakdown by Organization Size
    10.6.4.1 South America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Organization Size
  10.6.5 South America Time Tracking Solution Market Breakdown by Application
    10.6.5.1 South America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Application
  10.6.6 South America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
    10.6.6.1 South America Time Tracking Solution Market Revenue and Forecasts and Analysis - By Country
    10.6.6.2 Brazil Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.6.6.2.1 Brazil Time Tracking Solution Market Breakdown by Deployment
      10.6.6.2.2 Brazil Time Tracking Solution Market Breakdown by Organization Size
      10.6.6.2.3 Brazil Time Tracking Solution Market Breakdown by Application
    10.6.6.3 Argentina Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.6.6.3.1 Argentina Time Tracking Solution Market Breakdown by Deployment
      10.6.6.3.2 Argentina Time Tracking Solution Market Breakdown by Organization Size
      10.6.6.3.3 Argentina Time Tracking Solution Market Breakdown by Application
    10.6.6.4 Rest of South America Time Tracking Solution Market Revenue and Forecasts to 2030 (US$ Mn)
      10.6.6.4.1 Rest of South America Time Tracking Solution Market Breakdown by Deployment
      10.6.6.4.2 Rest of South America Time Tracking Solution Market Breakdown by Organization Size
      10.6.6.4.3 Rest of South America Time Tracking Solution Market Breakdown by Application

11. TIME TRACKING SOLUTION MARKET – IMPACT OF COVID-19 PANDEMIC

11.1 Pre & Post Covid-19 Impact

12. COMPETITIVE LANDSCAPE

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13. INDUSTRY LANDSCAPE

13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition

14. COMPANY PROFILES

14.1 Replicon Inc
  14.1.1 Key Facts
  14.1.2 Business Description
  14.1.3 Products and Services
  14.1.4 Financial Overview
  14.1.5 SWOT Analysis
  14.1.6 Key Developments
14.2 clicktime.com Inc
  14.2.1 Key Facts
  14.2.2 Business Description
  14.2.3 Products and Services
  14.2.4 Financial Overview
  14.2.5 SWOT Analysis
  14.2.6 Key Developments
14.3 ConnectWise LLC
  14.3.1 Key Facts
  14.3.2 Business Description
  14.3.3 Products and Services
  14.3.4 Financial Overview
  14.3.5 SWOT Analysis
  14.3.6 Key Developments
14.4 UKG Inc
  14.4.1 Key Facts
  14.4.2 Business Description
  14.4.3 Products and Services
  14.4.4 Financial Overview
  14.4.5 SWOT Analysis
  14.4.6 Key Developments
14.5 Kantata Inc
  14.5.1 Key Facts
  14.5.2 Business Description
  14.5.3 Products and Services
  14.5.4 Financial Overview
  14.5.5 SWOT Analysis
  14.5.6 Key Developments
14.6 SAP SE
  14.6.1 Key Facts
  14.6.2 Business Description
  14.6.3 Products and Services
  14.6.4 Financial Overview
  14.6.5 SWOT Analysis
  14.6.6 Key Developments
14.7 TIME DOCTOR LLC
  14.7.1 Key Facts
  14.7.2 Business Description
  14.7.3 Products and Services
  14.7.4 Financial Overview
  14.7.5 SWOT Analysis
  14.7.6 Key Developments
14.8 Wrike Inc
  14.8.1 Key Facts
  14.8.2 Business Description
  14.8.3 Products and Services
  14.8.4 Financial Overview
  14.8.5 SWOT Analysis
  14.8.6 Key Developments
14.9 Zoho Corporation Pvt Ltd
  14.9.1 Key Facts
  14.9.2 Business Description
  14.9.3 Products and Services
  14.9.4 Financial Overview
  14.9.5 SWOT Analysis
  14.9.6 Key Developments
14.10 Planview Inc
  14.10.1 Key Facts
  14.10.2 Business Description
  14.10.3 Products and Services
  14.10.4 Financial Overview
  14.10.5 SWOT Analysis
  14.10.6 Key Developments

15. APPENDIX

15.1 About The Insight Partners
15.2 Word Index


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