Workday Financial Management Service Market

Workday has two primary product offerings: Financial Management (FM) and Human Capital Management. At this point, Workday has risen to become a leading vendor in this particular sector of the software market. Workday initially released its Financial Management offering in 2008, and often sells it together with HCM. However, market adoption of Workday FM has been much slower than HCM, largely due to the slower takeup of SaaS in the finance domain. Also, to date, the majority of customers have been based in North America, although Workday FM is starting to gain ground in other geographies. This manifests a service provider market that is still in its early stages, compared with HCM services. Workday services are life cycle services provided by third-party service providers, focused on the adoption and support of Workday applications.
Workday Financial Management Service Market contains market size and forecasts of Workday Financial Management Service in Global, including the following market information:
Global Workday Financial Management Service Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Workday Financial Management Service market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud-Based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Workday Financial Management Service include PwC, Alight Solutions, Appirio, Accenture, Deloitte, KPMG, Tieto, Business Network Builders (BNB) and Cloudator, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Workday Financial Management Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Workday Financial Management Service Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Workday Financial Management Service Market Segment Percentages, by Type, 2021 (%)
Cloud-Based
On-Premises
Global Workday Financial Management Service Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Workday Financial Management Service Market Segment Percentages, by Application, 2021 (%)
Large Enterprises (1000+ Users)
Medium-Sized Enterprise (499-1000 Users)
Small Enterprises (1-499 Users)
Global Workday Financial Management Service Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Workday Financial Management Service Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Workday Financial Management Service revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Workday Financial Management Service revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
PwC
Alight Solutions
Appirio
Accenture
Deloitte
KPMG
Tieto
Business Network Builders (BNB)
Cloudator
Collaborative Solutions
Navigator Management Partners
Theory of Mind