A MarketsandMarkets report predicts the global market for healthcare workforce management platforms will grow at a 13.8 percent compound annual growth rate to $1.5 billion in value by 2019.
The research firm said Monday that healthcare organizations increasingly are adopting technology designed to manage employee schedules, attendance, shift differentials and patient care.
Last year, North America accounted for nearly 56 percent of global market share and Europe accounted for 20 percent market share, the report states.
The Asia-Pacific region is projected to post a CAGR of 18.2 percent during the 2014-2019 forecast period, according to MarketsandMarkets.
Compliance with stricter labor regulations and efforts to maximize workforce potential while reducing costs will be among the primary drivers for growth in the sector, the research firm says.
Key market players listed in the report include IBM, Infor, GE Healthcare, Kronos, McKesson and Oracle.