Press release
SaaS Based HRM Market - Pin Point Analysis For Changing Competitive Dynamics
Software as a service (SaaS) based human resource management (HRM) is a cloud-based human resource (HR) software solution that enables easy management and control of HR operations. Maintaining employee records right from the date of joining up to retirement is one of the key tasks under human resource management. SaaS based HRM solutions offer services such as electronic forms processing, directory management, leave management, payroll management, time and attendance management, and application tracking. Self-service web interfaces provided by SaaS based HRM enhance the productivity of the staff.
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The European market for SaaS based HRM has been segmented by solution, by enterprise size, by industry, and by country. By solution, the market has been segmented into workforce management, HR and payroll, integrated solutions, time and attendance management, hiring, and scheduling. By enterprise size, large enterprises and small and medium enterprises are the two key categories of the market. By industry, the market for SaaS based HRM in Europe can be segmented into healthcare, manufacturing, banking, financial services, and insurance (BFSI), IT and telecom, logistics, and government.
The report sheds light on the most significant trends and developments in the European market for SaaS based HRM solutions. The leading market players, their growth strategies, and their market shares have been revealed in the report, alongside Porter’s Five Force analysis that gauges the level of competition among them.
Europe SaaS Based HRM Market: Drivers and Restraints
SaaS based HRM solutions enable enterprises to access and manage data in an effective manner based on a real time analysis. A number of software developers and vendors have been concentrating on the leveling up of SaaS based HRM solutions via the integration of value added processing including human resource compliance management tools, new features including process design control, and workforce analytics. The robust automation functionalities provided by SaaS based HRM solutions eliminated the need of maintaining tiresome spreadsheets and data management, saving considerable amount of time.
Being a hub of unified human resource data, retrieving crucial data is made easy by this solution. High scalability of SaaS based HRM solutions has also been encouraging its adoption across several domains. These software solutions are easy to install, do not require IT crew, and are also easy to update. The growing demand for cost efficient solutions offered by SaaS based HRM solutions has been driving the growth of the market in Europe. The swelling demand for better infrastructure for recruitment and talent recognition has been crucial in boosting the demand for SaaS based HRM solutions in Europe.
Europe SaaS Based HRM Market: Regional Outlook
By country, the SaaS based HRM market in Europe has been segmented into Italy, Germany, the U.K., Scandinavia, France, Poland, and the Netherlands. Germany is expected to lead the European market for SaaS based HRM solutions over the oncoming period. France might procure the second-most position. The U.K. is another major contributor of the SaaS based HRM solutions market. The European market for SaaS based HRM is expected to soar because of the increasing implementation of these solutions by businesses and rising awareness pertaining to the advantages offered by SaaS based HRM software solutions amongst organizations in this region.
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Europe SaaS Based HRM Market: Competitive Analysis
SAP (SuccessFactor, Inc.), The Sage Group plc, Persis GmbH, Oracle (Taleo Corporation), IBM Corporation, SD Worx, ADP LLC, Rexx systems GmbH, Jobvite Inc., and Perbit Software GmbH are some of the major companies operating in the market for SaaS based HRM in Europe.
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