MISSISSAUGA, ON, June 17, 2014 /CNW/ - Kronos Incorporated today announced that according to the latest global study of workforce
management solutions published by IHS Technology (NYSE: IHS), Kronos retains its leadership position in the global
workforce management market. According to IHS data, during the period
from 2011 to 2013, the worldwide workforce management market grew 7.9
percent, and, according to the latest study, during the same period,
Kronos outpaced the market, growing at 11.2 percent. Only Kronos was
found to have positive market share growth in all regions during such
period, while the share of other leading suppliers of workforce
management solutions declined.
In 2013, Kronos led all vendors with a 25.6 percent share of the global
workforce management market.
Also in 2013, in the Americas, Kronos broadened its number-one position
by increasing its share to 37.7 percent. It also maintained its
leadership positions in Canada, Oceania, and the United Kingdom and
Ireland, while growing share in Europe, Middle East, Africa, Latin
America, and Asia.
Kronos growth in Asia was particularly strong, growing 30 percent since
2011 to 14.4 percent.
The data described in this release was obtained from "The Workforce Management Solutions - World Report" (both the 2012 and 2014 editions), which provides a comprehensive
assessment of the workforce management market and estimates market
share held by leading suppliers. The latest report was published in
April 2014 and written by Sam Grinter, market analyst at IHS.
Aron Ain, chief executive officer, Kronos
"It is an exciting time for Kronos. Not only have we surpassed $1
billion in annual revenue, but as IHS confirms, Kronos continues to
outpace the workforce management market and acquire share from our
competitors. It proves that our significant investments in the cloud,
vertical market expertise, global expansion, and award-winning products
are fueling our growth."
About Kronos Incorporated
Kronos is the global leader in delivering workforce management solutions
in the cloud. Tens of thousands of organizations in more than 100
countries - including more than half of the Fortune 1000® - use Kronos
to control labour costs, minimize compliance risk, and improve
workforce productivity. Learn more about Kronos industry-specific time
and attendance, scheduling, absence management, HR and payroll, hiring,
and labour analytics applications at www.kronos.ca. Kronos: Workforce Innovation That Works™.
© 2014 Kronos Incorporated. Kronos and the Kronos logo are registered
trademarks and Workforce Innovation That Works is a trademark of Kronos
Incorporated or a related company. All other trademarks are property of
their respective owners.
Image with caption: "Kronos Incorporated Logo (CNW Group/Kronos Inc.)". Image available at: http://photos.newswire.ca/images/download/20140617_C7318_PHOTO_EN_41442.jpg
SOURCE: Kronos Inc.
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