The global employee onboarding software market was around USD 774 million and due to rising demand, it is expected to reach almost USD 2,100 million by 2026. The expected CAGR for the employee onboarding software market is around 12% from 2020 to 2026.
This professional and specialized report study examines the technical and business perspective of the employee onboarding software industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the employee onboarding software market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall employee onboarding software market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (Units) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.
We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the employee onboarding software market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the employee onboarding software market. It also encompasses PESTLE analysis and SWOT analysis.
The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the employee onboarding software market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the employee onboarding software market.
The research study provides a critical assessment of the employee onboarding software industry by logically segmenting the market on the basis of deployment mode, end-user, verticals and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the employee onboarding software industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Employee Onboarding Software is a technology that enables a smooth transition for new hires. Employee Onboarding Software provides a dashboard that allows the team to communicate with one another and track the progress of hired employees. Employee onboarding software provides a connection between the organization applicant tracking system and performance management system for accessing the data about the new hire’s employment. It provides various tools and resources necessary to carry out the responsibilities of their role. The Employee Onboarding Software also offers HRs with details on accessing the workplace, including security procedures, entry timings, appointments for holidays, access to internal systems, etc. Employee onboarding software provides various features such as managing new hire paperwork, employment documentation compliance, background checks, automatic workflows, access to employee information, progress reporting.
Due to digitization, most business are converting into digital format. By collaborating with the IT department HR team is empowering employees with a digital mindset to improve workforce processes and enhance productivity. The need of minimizing the time required for repetitive tasks and maximizing the employee experience is driving the market for employee onboarding software market. HR can implement an automated performance management system to gather data and to decide salary appraisals. Additionally, employees should also access this software to view and update it. This reduces the overall business expenditure is propelling the use of employee onboarding software in various organizations. Many organizations are struggling with digital transformation because of limited funding. Struggle with limited funding hampers digital project implementation of organizations. The lack of funds and the inability of organizations to define and implement a strategy of digital transformation are hampering the adoption of employee onboarding software by companies. Adoption of AI-powered tool can provide the opportunities in employee onboarding software market by decreasing the time spent on screening and sourcing for recruiters and increasing time for developing culture of business, and candidate relationship-building.
The Employee Onboarding Software market is segmented based on deployment mode, by end-user and by verticals. By deployment mode , the market is classified into On-premise, and Cloud-based. By end-user, the market is segmented into small and medium sized enterprises, large enterprises. By verticals, the market segment is sectored into Automotive, Banking, Financial Services and Insurance (BFSI), Energy and Utility, Government, Healthcare, IT and Telecom, Manufacturing, Media and entertainment, Retail and Consumer Goods, Transportation and Logistics, Others.
Some of the essential players operating in the employee onboarding software market, but not restricted to include Appical B.V., Automatic Payroll Systems, Inc., BambooHR LLC, Ceridian HCM, Inc., ClearCompany LLC, Enborad.Me Pty Ltd., IBM Corporation, Jobvite, Inc., Oracle Corporation, Paychex, Inc., Paycom Software, Inc., Paycor, Inc., Paylocity Holding Corporation, Saba Software Inc., SAP SE, SilkRoad Technology, Inc., Ultimate Software Group, Inc., Workday, Inc., Talmundo, Zoho Corporation Pvt. Ltd.
The taxonomy of the employee onboarding software industry by its scope and segmentation is as follows:
Global Employee Onboarding Software Market: By Deployment Mode Segment Analysis
Global Employee Onboarding Software Market: By End-User Segment Analysis
Global Employee Onboarding Software Market: By Verticals Segment Analysis
Global Employee Onboarding Software Market: Regional Segment Analysis
KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:
Key Insights from Primary Research
Key Recommendations from Analysts