DUBLIN, Jan. 4, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Performance Appraisal and Management Software Market 2016-2020" report to their offering.
The global performance appraisal and management software market to grow at a CAGR of 8.45% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global performance appraisal and management software market for 2016-2020. To calculate the market size, the report considers the revenue of large, small, and medium enterprises that provide the performance appraisal and management software across the globe. The report also includes a discussion of the key vendors operating in this market.
The performance management is no more viewed as a one-off annual meeting. The new performance management trends are emphasising the fact that performance management should be a constant process. Managers are giving in-the-moment feedback to employees on their work and continuous coaching to improve performance. Several companies are renovating their employee strategies in line with new trends.
According to the report, need for simplified performance appraisal process will drive the market. The traditional performance management has been criticised because it was a tedious task for managers. Many companies are deploying performance management software to ensure that managers can easily supervise the employee goals and track the progress of the employees
Further, the report states that Open-source recruitment software is posing as stiff competition for on-premises and cloud-based performance appraisal software. It is especially popular in developing economies such as India and China. This is mainly because of inadequate capital to invest in the expensive on-premises and cloud-based performance appraisal software. Thus, open source software tends to be a very economical solution for organizations with limited resources and expertise availability.
Key vendors
- Oracle
- Saba
- SAP SuccessFactors
- SumTotal Systems
- Ultimate Software
Other prominent vendors
- Actus
- bambooHR
- breatheHR
- Cornerstone OnDemand
- Hirezon Corporation
- Impraise
- Insperity
- Performly
- Namely
- RedSpotHR.com
- Reviewsnap
- Trakstar
- Zoho Corporation
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Performance appraisal process
Part 07: Market developments
Part 08: Market size and forecast
Part 09: Geographical segmentation
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Buying criteria
Part 16: Five forces analysis
Part 17: Vendor landscape
Part 18: Key vendor profiles
Part 19: Mergers and acquisitions
Part 20: Assumptions
Part 21: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/v73cm6/global\
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SOURCE Research and Markets
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