The global time tracking software market is garnering substantial traction. The market growth attributes to increasing investments by enterprises to deploy sophisticated time tracking tools that help eliminate the risks relating to time theft & buddy punching, increase employee productivity, and improve employee engagement & performance. Besides, the increasing demand for time tracking software that can enable team leaders and members to manage and track project time & expense drives the market growth. 

Moreover, the rising demand to manage payroll and other enterprise operations effectively escalate market growth. According to Market Research Future (MRFR), the global time tracking software market valuation is poised to grow at 20.69% CAGR throughout the review period (2019–2025). The emergence of cloud-based time tracking software, prevailing work from home policies & remote operations, and the use of mobile phones for official purposes create substantial market demand. 

Additionally, the cost-benefit that time tracking software and the added advantage of cloud-based services accelerate market sales, enabling shared infrastructure. Also, increasing technological advances and integration of time management software with cloud services push the market growth, bringing about customization options. The increasing trend of ‘bring your own device (BYOD)’ policies and connected devices such as Laptops, smartphones, and tablets influence the growth of the market. 

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Global Time Tracking Software Market — Competitive Landscape 

Highly competitive, the time tracking software market appears fragmented due to the presence of several notable players. Industry players adopt strategies such as collaboration, mergers & acquisitions, expansion, and technology launch to gain a larger competitive share. 

These players also make substantial R & D investments in developing a technology with unrivaled design and features on an entirely different level. Considerable investments go into expansion plans to increase global reach and to gain diverse expertise. 

Major Players 

Players leading the time tracking software market are Kronos Incorporated (US), SAP SE (Germany), Wrike, Inc. (US), Zoho Corporation (US), Clarizen (US), ProActive Software Ltd. (The Netherlands), Mavenlink (US), Basecamp (US), ClickTime (US), Workfront, Inc. (US), ConnectWise, LLC (US), and Time Doctor (US), among others. 

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