Performance Management Software Market - Global Industry Analysis

Performance Management Software Market

Performance Management Software Market By Deployment Mode (Cloud-Based and On-Premises), By Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), and By Vertical (Media and Entertainment, BFSI, IT and Telecommunications, Healthcare, Manufacturing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026

Published Date: 18-Feb-2019 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3830 Status : Published

Global performance management software market expected to generate USD 5,633 million by 2026, at a CAGR of around 12.8% between 2019 and 2026. Performance management software allows businesses to manage and access employee details efficiently on a real-time basis.

Performance Management Software Market

Description

The report covers a forecast and an analysis of the performance management software market on a global and regional level. The study provides historical data from 2015 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million). The study includes drivers and restraints of the performance management software market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the performance management software market on a global level.

In order to give the users of this report a comprehensive view of the performance management software market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Performance Management Software Market

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, product and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the product portfolio of various companies.

The study provides a decisive view of the performance management software market by segmenting the market based on deployment mode, organization size, vertical, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some key players operating in the global performance management software market are Adaptive Insights, Advance Change Ltd., Anaplan, Inc., Assess TEAM, LLP, Automatic Payroll Systems Inc., AXIOM HRS, Clear Company, Cornerstone, Darwinbox Digital Solutions Pvt. Ltd., Financial Force, Tetra Tech, Inc., IBM Corporation, Saba Software, Keka HR Payroll Software, Longview Canada ULC, Peoplefluent, PeopleGoal, Pipedrive, Prevero GmbH, Salesforce, Inc., SAP SE, SAS Institute Inc., Jedox AG, Trakstar, Uneecops Workplace Solutions Pvt. Ltd., YourPeople, Inc., Zoho Corporation Pvt. Ltd., Oracle, and Microsoft.

This report segments the global performance management software market into:

Global Performance Management Software Market: Deployment Mode Analysis

  • On-Premises
  • Cloud-Based

Global Performance Management Software Market: Organization Size Analysis

  • Large Enterprises 
  • Small and Medium-Sized Enterprises

Global Performance Management Software Market: Vertical Analysis

  • Media and Entertainment
  • BFSI
  • IT and Telecommunications
  • Healthcare
  • Manufacturing
  • Others

Global Performance Management Software Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

Free Analysis

Performance management software is the technology designed to help companies track, analyze, and evaluate employee performance. It allows the managers and leaders to ensure that company goals are achieved or trending issues are addressed proactively. Performance management software is intended to enhance business performance by spurring productivity of employee along with ensuring individual employees and teams are engaged and aligned with organizational goals. The performance management data includes details about compensation, company goals, career trajectory, performance reviews, and hiring decisions, among other human capital management concerns. It helps managers and employees to work together on creating clear and smart objectives while aligning them to company goals. Performance management software connects everyone in the organization, allows for real-time feedback, and provides insights into the employee performance. 

The rising demand for performance management software for making business strategies for organizational growth is expected to drive the performance management software market over the forecast timeframe. Industry players continuously monitor new features and functions of various software and adoption rate across various sectors, such as healthcare, BFSI, IT and telecommunications, etc. Industry players are majorly engaged in introducing new software features, to help companies understand their business more appropriately and stay competitive in the industry. Thus, the increasing technological advancements in performance management software are expected to provide new growth opportunities for the performance management software market in the years ahead.

Global Performance Management Software Market

By deployment mode, the performance management software market is segmented into on-premises and cloud-based. By organization size, the market is segmented into small and medium-sized enterprises and large enterprises. The vertical segment includes media and entertainment, BFSI, IT and telecommunications, healthcare, manufacturing, and others.

By region, North America held a major revenue share of the global performance management software market in 2018. This can be attributed to the presence of major industries in the region that fuel the demand for performance management software. Moreover, the early adoption of innovative software and solutions in the region is expected to further drive the region’s performance management software market over the forecast time period. The Asia Pacific is predicted to grow at the highest rate in the future, owing to the increasing demand for effective and unbiased performance appraisal system by the regional organizations.

Some key players operating in the global performance management software market are Adaptive Insights, Advance Change Ltd., Anaplan, Inc., Assess TEAM, LLP, Automatic Payroll Systems Inc., AXIOM HRS, Clear Company, Cornerstone, Darwinbox Digital Solutions Pvt. Ltd., Financial Force, Tetra Tech, Inc., IBM Corporation, Saba Software, Keka HR Payroll Software, Longview Canada ULC, Peoplefluent, PeopleGoal, Pipedrive, Prevero GmbH, Salesforce, Inc., SAP SE, SAS Institute Inc., Jedox AG, Trakstar, Uneecops Workplace Solutions Pvt. Ltd., YourPeople, Inc., Zoho Corporation Pvt. Ltd., Oracle, and Microsoft.

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