This report studies the Performance Appraisal Software market, Performance Appraisal Software, always mentioned with Performance management software, helps organizations establish employee performance standards and enables managers to evaluate employees' job performance in relation to these standards. Performance management systems are used to manage employee progress, performance, and development in relation to organizational goals. Companies use performance management software to facilitate meaningful and ongoing discussions between managers and direct reports.
Performance Appraisal Software is most commonly implemented by HR departments to support manager-level staff throughout various departments at an organization evaluate employees, conduct performance reviews, maintain a record of discussion topics, and facilitate 360-degree feedback. Many performance management solutions offer organizational planning capabilities that help HR departments ensure certain skill sets are present within the organization and plan for succession contingencies in case of employee departure. Performance management software can be implemented either as a standalone solution or as part of an integrated HR management suite.
Performance Appraisal Software is mainly used for three applications: Small Business, Medium-sized Business and Large Business. And Large Business was the most widely used area which took up about 60.66% of the global total in 2017. However, in the further, Small Business and Medium-sized Business will occupy more share.
United States is the largest consumption countries of Performance Appraisal Software in the world in the past few years and it will keep leader position in the next few years. United States market took up about 59.42% the global market in 2017, while Europe was about 17.58%.
USA is now the key developers of Performance Appraisal Software: most companies are in USA. Others are in Europe, China and India.
According to this study, over the next five years the Performance Appraisal Software market will register a 19.8% CAGR in terms of revenue, the global market size will reach US$ 3400 million by 2024, from US$ 1150 million in 2019. In particular, this report presents the global revenue market share of key companies in Performance Appraisal Software business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Performance Appraisal Software market by product type, application, key companies and key regions.
This study considers the Performance Appraisal Software value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3: and forecast to 2024 in section 10.7.
On-premise
Cloud-based
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4: and forecast to 2024 in section 10.8.
Small Business
Medium-sized Business
Large Business
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Oracle
Saba
SAP
SumTotal Systems
Ultimate Software
Cornerstone OnDemand
Performly
Impraise
MAUS
BambooHR
Namely
Zoho Corporation
BreatheHR
Trakstar
ClearCompany
Actus
Insperity
Reviewsnap
PeopleGoal
Beisen
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Performance Appraisal Software market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Performance Appraisal Software market by identifying its various subsegments.
Focuses on the key global Performance Appraisal Software players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Performance Appraisal Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Performance Appraisal Software submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
