Press release
Global compensation software market to grow at a CAGR of 8.77% during the period 2017-2021
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Description
Compensation software automates, organizes, and simplifies complex compensation planning and enables managers to increase accuracy, improve budget allocations, and align compensation decisions with organizational guidelines. Enterprises are implementing compensation software to make better compensation decisions while reducing cycle times with up-to-date, accurate, and auditable processes. The adoption of compensation software is increasing in small enterprises and startups because it shortens compensation cycles for the most complex compensation planning.
Technavios analysts forecast the global compensation software market to grow at a CAGR of 8.77% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global compensation software market for 2017-2021. To calculate the market size, the report considers revenue generated from the sale of compensation/payroll software license, maintenance and support, installation, customization, and training.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Compensation Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ADP
Oracle
SAP SuccessFactors
Ultimate Software
Workday
Other prominent vendors
beqom
BullseyeEngagement
Cornerstone
Curo
CWS Software
Decusoft
Execupay
Greytip Software
Harvest HCM
Halogen Software
HRsoft
JSM Technologies
Kinixsys
Kronos
Lumesse
Nitso Technologies
Paycom
Peoplefluent
PayScale
sumHR
Talentsoft
Willis Towers Watson
Market driver
Demand for automated compensation management processes
For a full, detailed list, view our report
Market challenge
High implementation and maintenance cost
For a full, detailed list, view our report
Market trend
Rise in demand for integrated HCM solutions
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Economic overview
Global economic overview and its impact on the market and vendors
PART 06: Market landscape
Market overview
Market assumptions
Global HCM software market
Share of compensation software in global HCM software market
Global compensation software market
Five forces analysis
PART 07: Market segmentation by deployment model
Global compensation software market by deployment model
Global on-premises compensation software market
Global cloud-based compensation software market
PART 08: Geographical segmentation
Global compensation software market by geography
Americas
EMEA
APAC
PART 09: Buying criteria
Buying criteria for compensation software
PART 10: Decision framework
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PART 11: Drivers and challenges
Market drivers
Market challenges
PART 12: Market trends
Rise in demand for integrated HCM solutions
Accessibility to mobile applications
Increasing adoption of digital HR technology
PART 13: Vendor landscape
Competitive scenario
Vendor matrix
Competitive rating
Other prominent vendors
PART 14: Key vendor profiles
ADP
Oracle
SAP SuccessFactors
Ultimate Software
Workday
PART 15: Mergers and acquisitions
Mergers and acquisitions in the market
PART 16: Appendix
List of abbreviations
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