Human Capital Management (HCM) SaaS Market is Likely To Experience A Tremendous Growth In Near Future 2016 - 2024

-

 Human capital management (HCM) SaaS is a cloud-based human resource management software that offers integrated functionality for small and mid-sized companies. The human resource management functions offered by HCM SaaS include the management of staff profiles, attendance, training, performance and review, payroll and benefits, workforce directory and analytics, and networking among employees. Owing to these various integrated functions and solutions offered by the HCM SaaS software, it helps in streamlining of human resource functions, business intelligence functions, and various reporting activities, thereby improving the operational efficiency of a company.

Compared to traditional alternatives, cloud-based HCM solutions do not require any hardware and can be remotely deployed. Additionally, remote access through the web and mobile from any place and at any time offer added advantages to users.

Lower deployment costs and maintenance expenses than traditional human resource management solutions are some of the major factors driving the growth of the HCM SaaS market. Additionally, the growing need to streamline human resource functions is fuelling the HCM SaaS market. With growing size of organizations and competition among adversaries, there is a budding need to predict an employee’s contribution and long-term growth in an organization, coupled with other strategic analyses of performance and achievements. This is fuelling the demand for the HCM solutions market.

For small and mid-sized companies, HCM SaaS solutions are the preferred choice owing to their low cost, data mobility, and ease of access benefits. Additionally, increased adoption of cloud solutions and services is further aiding the growth of the market for HCM SaaS solutions. Furthermore, a rise in demand among organizations for the improvement of workforce management and creating talent mobility are aiding in the market growth of HCM SaaS solutions. However, lack of awareness regarding the existence of HCM SaaS solutions is a major hindrance toward the growth of the HCM SaaS market. Nonetheless, with the advent of the Internet of Things (IoT), machine learning and automation of functions are expected to present future growth opportunities for the HCM SaaS market.

For More Industry Insight, Request Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18125

The global HCM SaaS market can be segmented on the basis of end-use industries and geography. On the basis of end-use industries, the market can be categorized into retail, manufacturing, health care, IT, banking and financial services, telecom, and others. In terms of geography, the market can be classified into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. The HCM SaaS market in North America is mainly driven by its developed state of IT and Internet penetration. Additionally, the market growth in Asia Pacific is mainly supported by the rising adoption of IT services in the region.

Recent trends of acquisitions and mergers in the HCM SaaS space are expected to lead to a consolidated market space by the end of the forecast period, thus eliminating small firms from the industry. Some of the key players in the global HCM SaaS solutions market are Castlight Health, Zenefits, ADP LLC, Paycom Software Inc., Ascentis Software Corporation, Ultimate Software, Paylocity, Talentsoft, Oracle Corporation, Workday, Inc., FinancialForce.com, SAP SE, Electronic Commerce Inc., WorkForce Software LLC, Skillsoft Limited, LinkedIn Corporation, and Haufe Group.  

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more