|By Business Wire||
|July 17, 2014 01:59 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/6dcd44/global_saasbased) has announced the addition of the "Global SaaS-based HRM Market 2014-2018" report to their offering.
The Global SaaS-based HRM market will grow at a CAGR of 16.3% to 2018
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
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.
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.
The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- Oracle Corp.
- SAP AG
- Ultimate Software Group Inc.
- Workday Inc.
Other Prominent Vendors
- Automatic Data Processing Inc.
- Ceridian Corp.
- Cornerstone OnDemand Inc.
- Halogen Software Inc.
- iCIMS Inc.
- Infor (Lawson) Global Solutions
- Kenexa Corp.
- Kronos Inc.
- Saba Software Inc.
- SilkRoad Technology Inc.
- SumTotal Systems Inc.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Application
- SaaS and On-Premise Usage in SaaS-HRM Sub-Segments
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/6dcd44/global_saasbased
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