SaaS Based HRM Market - Stands Out as it Progresses at a CAGR of 13.2% from 2017 to 2025

The solutions offered by the Europe SaaS based HRM market are time and attendance management, workforce management, HR and payroll, integrated solutions, and others such as hiring and scheduling. Of these, the demand for HR and payroll is expected to surpass all other solution segments. Analysts expect this segment to record revenue earnings worth US$595.6 mn by 2025.

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Growing number of installed HRM systems are reaching stagnancy as they bring nothing new the table. These old, on-premise solutions are becoming obsolete and lack technological advancements that are necessary to keep up with modern demands.

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Thus, the upgradation of HRM systems that are SaaS-based models are expected to favor the market growth in the coming few years. Additionally, the market will also be supported by the growing need for engaging user-interface that offers a consumer-like experience.

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“The flexibility of SaaS based HRM systems have won them a strong consumer base,” reports the lead author of the research report. The traditional on-premise solutions are also expensive to maintain, thus giving the SaaS based HRM systems an added advantage.

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