SaaS-based HRM Market to Grow at a 16.30% CAGR by 2018 Says a New Research Report at Sandlerresearch.org
Dallas, Texa (PRWEB) July 13, 2014 -- Talent acquisition software is a sub-segment of HRM applications. The growth of talent acquisition software is one of the main reasons for the growth of the Global SaaS-based HRM market. Talent acquisition identifies and tracks high performers in the company. It helps in managing an employee's performance within an organization and supports in building the right kind of learning and development program. Between 2009 and 2010, the use of talent acquisition software solutions grew by approximately 40 percent. Many companies are realizing the importance of aligning employee performance with corporate goals and linking this to learning and development programs. Therefore, the high demand for cost-effective talent acquisition is one of the major drivers in the Global SaaS-based HRM market.
Analysts forecast the Global SaaS-based HRM market will grow at a CAGR of 16.30 percent over the period 2013-2018. According to the report, one of the major drivers in the market is the streamlining of HR functions. HRM software helps to streamline HR activities and improve the operational efficiency of an organization. Moreover, management tools have been gaining prominence in organizations; HR management applications provide the right kind of solutions to handle the growing administrative functions of HR divisions in organizations.
The Global SaaS-based HRM market can be segmented into five divisions: Talent Acquisition, Learning Management, Workforce Management, Recruitment Automation, and Performance and Compensation Benefits.
The Global SaaS-based HRM Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global SaaS-based HRM market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in Global SaaS-based HRM Market: Oracle Corp., SAP AG, Ultimate Software Group Inc., Workday Inc., Ascentis , Automatic Data Processing Inc., Ceridian Corp., Cornerstone OnDemand Inc., Halogen Software Inc., iCIMS Inc., Infor (Lawson) GlobalSolutions , Kenexa Corp., Kronos Inc., Nuview , Saba Software Inc., SilkRoad Technology Inc., SumTotal Systems Inc.
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Key Market Driver
• Streamlining HR Function
Key Market Challenge
• Data Security Concerns
Key Market Trend
• Increased Demand for SaaS-based HRM in Talent Acquisition Solution
Further, the report states that data security is one of the major challenges confronting the market since it is critical for most businesses. This is because client information, payment information, personal files, bank account details, and other confidential information are difficult to replace. Moreover, this information can be dangerous if it is available to third parties. Data breaches or leaks are the most frequent issues that customers are most concerned about during contract negotiation for on-demand solutions.
Key Questions Answered in this Report
• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Overview of HRM Market
Exhibit 3: Global HRM Market 2013-2018 (US$ billion)
Exhibit 4: Global SaaS-based HRM Market 2013-2018 (US$ billion)
Exhibit 5: Global SaaS-based HRM Market as a Segment of Global HRM Market 2013
Exhibit 6: Global SaaS-based HRM Market as a Segment of Global HRM Market 2013-2018 (percentage)
Exhibit 7: Difference Between SaaS-based and On-premise HRM Solutions
Exhibit 8: SaaS-based HRM Market by Application 2013
Exhibit 9: Usage of SaaS and On-premise in Sub-segments of HRM
Exhibit 10: SaaS-based HRM Sub-Segments 2013-2018(US$ billion)
Exhibit 11: Global SaaS-based HRM Market by Geographical Segmentation 2013
Exhibit 12: Business Segmentation of Oracle Corp.
Exhibit 13: Revenue Segmentation by Geography 2013
Exhibit 14: Revenue Segmentation by Segments 2013
Exhibit 15: Various HRM Products Offered by Successfactors Inc.
Exhibit 16: Business Segmentation of SAP AG
Exhibit 17: Revenue Segmentation by Geography 2013
Exhibit 18: Product Segmentation of Ultimate Software Group Plc
Exhibit 19: Product Segmentation of SaaS Offerings Workday Inc.
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Ritesh Tiwari, Sandlerresearch.org, http://www.sandlerresearch.org/, +1 (888) 391-5441, [email protected]
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