Global SaaS Based HRM Market Forecast
The global enterprise-level SaaS-based HRM market size is expected to grow from USD 2. 32 Billion in 2016 to USD 3. 45 Billion by 2022, growing at a CAGR of 22. 23% during the forecast period.
Report Content: The SaaS-based HRM market size is expected to grow from USD 2. 32 Billion in 2016 to USD 3. 45 Billion by 2022, growing at a CAGR of 22. 23% during the forecast period.
• Enterprise – the size of the market is valued at USD 4.
• Small and medium enterprise – the size of the market is valued at USD 3.
• Large enterprise – the size of the market is valued at USD 2.
• Middle market – the size of the market is valued at USD 2.
• Small-medium enterprise – the size of the market is valued at USD 1.
• Large-scale enterprise – the size of the market is valued at USD 1.
The competitive landscape of the SaaS-based HRM market is discussed based on the players involved in the market. The total number of such players operating in the market in 2016 is more than 600 firms, and as per the data available, the market share of these large players is increasing.
Among the major players, IBM Corporation, the market leader in global SaaS-based HRM software platforms, is a member of the IBM Group. IBM is the largest technology-based SaaS software vendor in the world, and its offerings are integrated with the enterprise application, such as IBM Cognos, IBM Cognos Connect, IBM Watson, and IBM Cognos Insight and Connect, which are the leading information and knowledge applications. Moreover, many others such as Amazon Web Services (AWS) and Salesforce with their global HR infrastructure, and Microsoft with its Office and Office 365 are also playing significant roles at the market value.
Major players in the market include IBM, Amazon, Oracle, SAP, Salesforce, Microsoft, Sales, and others.
MarketWatch News: Global SaaS Based HRM Market
MarketWatch News: ‘World’s Largest SaaS Based HRM Market in 2018’, The Global SaaS Based HRM Market is estimated to account for over USD 100 Billion by the end of the forecasting period. By Business Model, there are two major categories, Platform-as-a-Service market and Software as a Service market. By Region, the U. is the Largest SaaS Based HRM Market and Europe is expected to witness fastest growing market.
Platform-as-a-Service market: Platform-as-a-Service provides a software as a service (SaaS) platform, which allows users to access and customize HR and payroll services without the need of human beings. Platform-as-a-Service is a leading business segment by itself, and is being projected to grow at the highest CAGR until 2022.
Software as a Service market: Software as a Service is being offered by a multitude of providers, which allows you to easily integrate various HR and payroll services. By nature, software as a service can provide a wide range of services for different business model structures.
Global HRM market is estimated to continue at a CAGR of 7. 15% during the forecast period. According to the report, due to the rapid growth of the HR market, more and more corporations are investing in innovative products and services that support an effective and well managed workforce. Also, the growing need for flexible and cost-effective solutions for businesses has made the business models of HR managers and HR staff the best way for the firms to boost their productivity and enhance their efficiency.
The Global SaaS Based HRM market is expected to be the second fastest growing among the overall market owing to its vast applications in the business models of HR managers and human resource departments. This also can be attributed to the major use of SaaS solutions by HRM. Moreover, it has also been attributed for the rising demand of HRM applications in the emerging economies such as India, South Korea, and China.
Detailed TOC of Global SaaS Based HRM Industry Research Report 2014-2026
The following report explores the latest industry research undertaken by market research firms, which provides a detailed overview of the global HRM SaaS industry and its key players. The report provides in-depth analysis on the current and future market prospects for companies based in different geographies and their market challenges. The report also provides an in-depth discussion on all major product and service functional areas. The report offers insightful insights into the current market scenario based on the major segments, leading companies, and regional markets in different countries and geographies.
The report provides a detailed analysis of all major product and service functional areas, covering the overall scope of the industry and the leading companies. Further, the report also provides information on the growth of the global HRM SaaS market by key players and key trends that are expected to shape the market during the period 2014-2026.
The global HRM SaaS market has been further segmented on basis of regions. Based on the industry verticals, the report presents the regional breakdown of the global HRM market on the basis of countries. Other segments included in the report are, based on product type, the report presents the global HRM market on the basis of applications, and according to type of services offered. The global HRM SaaS market on the basis of geography has been further segmented, in which the report presents the global HRM market on the basis of geographies. The report also provides the global HRM market on the basis of major regions. The report makes it easy for business owners to identify and analyze the opportunities and challenges in the market as it provides a detailed analysis of the sector.
The report provides actionable market insights by providing detailed company profiles, market shares and key developments for each company in the market. Each of the companies profiled are analysed in detail, as it provides a detailed analysis of the company’s market place and core business. Further, the report includes detailed analysis on the leading players in the market in each region, which enables the reader to gain further insight into the market potential.
The market study covers key drivers and restraints that are expected to shape the market over the forecast period. The report also covers the key trends and developments that are expected to shape the market in the near future.
SaaS Based HRM Market 2021
What’s the market size for SaaS based HRM? SaaS based HRM refers HRM software which is self supporting business software (SaaS) and is used in cloud platform. It is mainly used to enhance the productivity and efficiency of employees for management purpose and a lot of HRM Software is SaaS based.
The overall growth of the corporate SaaS based HRM industry globally was more than 50% every year in 2015. The growth rate increased to 62% by the end of 2016, and was more than 85% in 2017 and was more than 65% in 2018. The market size is predicted to reach a projected value of around $80 billion in the next 12-18 months.
HRM software SaaS market is one of the major driver of this market.
Increasing demand for SaaS based HRM in India & China.
Rise in the adoption of cloud based HRM.
Rising adoption of on-premise SaaS based HRM.
Change in the nature of work: the work is shifted from the traditional to the artificial intelligence based business.
The nature of work in the corporate environment is changing.
Globalisation: global business culture has changed.
Increased corporate penetration of IT tools like CRM, ERP, Customer relationship management, On-premise software and SaaS based HRM.
Increase in the demand for the HRM software in the emerging economies like India, China, etc.
Rising demand for SaaS based HRM in the emerging economies like India, China, etc.
Rise of SaaS based HRM in the emerging economies like India, China, etc.
Sapienza Technologies Pvt.
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Spread the loveThe global enterprise-level SaaS-based HRM market size is expected to grow from USD 2. 32 Billion in 2016 to USD 3. 45 Billion by 2022, growing at a CAGR of 22. 23% during the forecast period. Report Content: The SaaS-based HRM market size is expected to grow from USD 2. 32 Billion in…