PUNE, India, Dec. 12, 2019 /PRNewswire/ -- In the recruitment industry today, the value of employee onboarding software has become conspicuous this has shown large impact in Global employee onboarding software market. Organizations implementing the standard onboarding process have experienced enhanced new hire productivity, resulting into an overall greater employee performance. The first 90 days of an employee's experience are regarded as the most pivotal to build a stable foundation within the new organization. The deployment of advanced AI-powered tools into the recruiting and further into the onboarding process has automated major parts of the recruiting workflow while also eliminating the repetitive, high-volume, time consuming and paper chaos HR tasks.
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The smooth transition for new hire facilitated by the software, is driving the growth of employee onboarding software market. The tool's integration with other enterprise resource planning software (ERPS) such as recruiting process, training tools, etc. is also estimated to propel the demand for employee onboarding software market during the forecast period. Employee onboarding software ensures a major cut down on paper costs and paper waste. Today when the planet is faced with continuing and widespread threats of climate change, the sustainability factor associated with the employee onboarding software industry is expected to stimulate the market substantially.
In terms of revenue, the global employee onboarding software market stood at 772.6 Million in 2018 and is anticipated to reach US$ 2,190.2 Million by 2027, expanding at a CAGR of 12.2% during the forecast period.
The detailed research study provides qualitative and quantitative analysis of the global Employee Onboarding Software Market. The employee onboarding software industry has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America
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Key Findings of the Report:
- The notable cut-down on excessive paper documentation, is paving way for an eco-friendly alternative in the form of a software platform.
- The software provides flexibility to its wide user base. Some of the companies also offer software compatible with mobile phones. This has made the onboarding process easier and manageable on-the-go.
- Integration of advanced technological solutions such as artificial intelligence, is estimated proliferate the market growth.
- Some of the prominent players operating in the employee onboarding software market include Ultimate Software, IBM Corporation and Oracle amongst others.
Global Employee Onboarding Software Market
- By Deployment
- On Premise
- Cloud Based
- By End User
- Small and Medium Enterprises
- Large Enterprises
- Global Employee Onboarding Software Market By Verticals
- Banking, Financial Services and Insurance (BFSI)
- Energy and Utility
- IT and Telecom
- Media and entertainment
- Retail and Consumer Goods
- Transportation and Logistics
- By Region:
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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