WorkMarket, an ADP company Among HCM Top 500

240 W 37th St

New York, NY, 10018, USA

+1 877-654-9675

https://www.workmarket.com/

87

WorkMarket, an ADP company Recent Developments

In 2018, WorkMarket has successfully completed the Service Organization Controls 2 Type II (“SOC 2”) attestation in a report issued by Coalfire Controls. WorkMarket’s SOC 2 Type II attestation indicates that controls, as they relate to the American Institute of Certified Public Accountant (AICPA) Trust Services Principles for Security and Confidentiality were suitably designed and operating effectively throughout the period of July 1, 2017, to September 30, 2017. Completion of the SOC 2 attestation aligns with WorkMarket's client commitment to the highest standards for security and privacy in the industry.

WorkMarket, an ADP company M&A Activities

In 2018, ADP announced the acquisition of WorkMarket, a cloud-based workforce management solution provider that allows companies to build and manage an integrated workforce across W-2 employees, 1099 contractors, vendors and other types of workers. With this acquisition, ADP builds on its current portfolio of industry-leading payroll and human capital management solutions that help clients and workers modernize the way work gets done while unlocking productivity, engagement and growth. The rise of the contingent workforce is shaping the global workforce. ADP data shows that approximately 80% of U.S. businesses already rely on independent contractors and the number of contingent workers as part of the overall workforce is growing. According to Gartner, by 2020 nearly 60% of human resource leaders will use a unified talent strategy for employees and contractors. With this acquisition, ADP becomes the only human capital management provider with broad functionality for HR professionals to manage and have insights into this new mosaic of labor, which will be comprised of both full-time employees and contingent workers.

WorkMarket, an ADP company Key Cloud & HCM Applications

Work Market,

SCORES Analysis

WorkMarket, an ADP company Strengths

WorkMarket, an ADP company, was founded in 2010 with a clear yet ambitious vision: to power the future of work. Today, WorkMarket are building the modern work market, a frictionless exchange between businesses and skilled professionals. WorkMarket labor automation platform helps enterprises unlock new levels of productivity, engagement and growth by managing their entire mosaic of labor.

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  • Key differentiators
  • Domain Expertise
  • Product portfolio
  • Solution scope

WorkMarket, an ADP company HCM & Cloud HCM Applications Revenues, $M:

Type/Year 2016 2017 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
HCM Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud HCM Applications Revenues, $M Subscribe Subscribe Subscribe

* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

WorkMarket, an ADP company Revenue Breakdown by Type:

Type License Services Hardware Support & Maintenance SaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

WorkMarket, an ADP company Total & HCM Applications Revenues by Region:

Region % of Total Revenues 2017 Total Revenues, $M 2017 HCM Applications Revenues, $M
Americas Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe

WorkMarket, an ADP company Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

WorkMarket, an ADP company Customers

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No. of HCM Applications Customers: Subscribe

No. of Cloud HCM Customers: Subscribe

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  • Reference wins across regions
  • Customer Size segments
  • Customer wins momentum

WorkMarket, an ADP company Opportunities

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  • Market Opportunities at the vertical and subvertical levels
  • Mergers and Acquisitions (M&A), Funding
  • Geo Expansions

WorkMarket, an ADP company Risks

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  • Ability to handle internal and external risk and challenges

WorkMarket, an ADP company Ecosystem

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  • Health of ecosystem
  • Network Effects of BPO, ISV, SI
  • VAR Partners
  • Direct vs Indirect sales

WorkMarket, an ADP company Cloud Platform (PaaS) & Infrastructure (IaaS) Details

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  • Cloud Infrastructure (IaaS)
  • Cloud Platform (PaaS)
  • Cloud Application delivery (SaaS)
  • Data Center (Hosting)

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).




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