openPR Logo
Press release

Compensation Software Market World's Top Players Include HRsoft, Kinixsys, Kronos, Beqom, Halogen Software, Willis Towers Watson, Greytip Software, SumHR, Ultimate Software, Talentsoft, BullseyeEngagement, JSM Technologies, Decusoft

11-05-2018 01:36 PM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Compensation Software

Compensation Software

The global compensation software market was valued at US$ 829.3 million in 2017, and is expected to reach US$ 1,892.4 million by 2026, registering a CAGR of 9.6% over the forecast period from 2018 to 2026. Increasing demand for automated compensation process and rising adoption of digital HR technologies propelled by increasing usage of mobile phones by the employees for their work related targets are the major drivers for growth of the market.

Download PDF Copy @
https://www.coherentmarketinsights.com/insight/request-pdf/2220

The aim of adoption of compensation software is to reduce manual errors by automating the compensation management process. Compensation software is responsible for executing right set of evaluation parameters along with reduction of paper work, thus simplifying the overall process and saving time and cost for an organization.

Digital HR technology helps in providing automated access and aids in evaluating performance and other parameters of the workforce. These software can be linked to integrated applications on the mobile phones of the employees on which they can get the time & attendance, appointment & meeting reminders, on-demand learning for new projects, stress monitors, and others.

Key Trends and Analysis of the Global Compensation Software Market:

- Compensation software market in Asia Pacific is expected to exhibit the highest CAGR over the forecast period (2018 - 2026). The growth in this region is attributed to increasing development in IT infrastructure and growing number of new small/medium/large enterprises in emerging economies such as India and China; For instance, according to Coherent Market Insights, the number of SMEs in China in 2015 was 20.5 million which grew to 29.4 million in 2017.

- Increasing usage of internet and usage of mobile phones for company’s work are pushing companies to adopt digital HR technology to manage the compensation process correctly. It can be processed through company’s specific mobile apps to communicate, validate, and evaluate the compensation process.

- North America is expected to be the largest region in the global compensation software market and accounted for 51.7% of the total market share in 2017 and is expected to be the most dominant region during the forecast period as well.

- Some of the most popular compensation software are ADP Workforce Now, SAP SuccessFactors, PoepleFluent, Laserbeam Compensation, TalentComp, and CuroEnterprise.

- Major players operating in the global compensation software market include HRsoft, Kinixsys, Kronos, Beqom, Halogen Software, Willis Towers Watson, Greytip Software, SumHR, Ultimate Software, Talentsoft, BullseyeEngagement, JSM Technologies, Decusoft, Peoplefluent, Execupay, ADP LLC, PayScale, CWS Software, SAP Success Factors, Cornerstone, Curo, Oracle Corporation, Harvest HCM, Workday Inc., Nitso Technologies, and Lumesse.

Place query @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/2220

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Compensation Software Market World's Top Players Include HRsoft, Kinixsys, Kronos, Beqom, Halogen Software, Willis Towers Watson, Greytip Software, SumHR, Ultimate Software, Talentsoft, BullseyeEngagement, JSM Technologies, Decusoft here

News-ID: 1352440 • Views:

More Releases from Coherent Market Insights

Magnesium Oxide Market Size 2024: New Opportunities, Geographical Analysis, and Forecast Until 2031 | Martin Marietta Materials Inc., Grecian Magnesite S.A., Premier Magnesia
Magnesium Oxide Market Size 2024: New Opportunities, Geographical Analysis, and …
The latest report published by Coherent Market Insights highlights the growth prospects of the Magnesium Oxide Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such
Colostrum Market Key Growth Drivers, Latest Opportunities, Increasing Demand, and Forecast By 2024-2031 | APS Biogroup, Biostrum Nutritech Pvt. Ltd.
Colostrum Market Key Growth Drivers, Latest Opportunities, Increasing Demand, an …
The latest report published by Coherent Market Insights highlights the growth prospects of the Colostrum Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such as
Steam Turbine Market Size 2024: Industrial Insights including Manufacturing Details and Forecast Till 2031 | General Electric (GE), Siemens Energy
Steam Turbine Market Size 2024: Industrial Insights including Manufacturing Deta …
The latest report published by Coherent Market Insights highlights the growth prospects of the Steam Turbine Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such
Protein Supplements Market Share: Size, Growth, Key Vendors, Trends, and Forecast From 2024-2031 | Mondelez Company, Meiji Holdings Co Ltd.
Protein Supplements Market Share: Size, Growth, Key Vendors, Trends, and Forecas …
The latest report published by Coherent Market Insights highlights the growth prospects of the Protein Supplements Market from 2024 to 2031. In-depth research on Industry Size, Share, Business Analysis, Growth Factors, and Regional Forecast. The market report gives a purposeful depiction of the area by the practice for research, amalgamation, market size, overview, and review of data taken from various sources. The market study includes information on market factors such

All 5 Releases


More Releases for Software

Robot Software Market Analysis by Software Types: Recognition Software, Simulati …
The Insight Partners provides you global research analysis on “Robot Software Market” and forecast to 2028. The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Robot Software market during the forecast period, i.e., 2021–2028. Download Sample Pages of this research study at: https://www.theinsightpartners.com/sample/TIPRE00007689/?utm_source=OpenPR&utm_medium=10452
HR Software Market Analysis by Top Key Players Zenefits Software, Kronos Softwar …
HR software automates how companies conduct business with relation to employee management, training and e-learning, performance management, and recruiting and on-boarding. HR professionals benefit from HR software systems by providing a more structured and process oriented approach to completing administrative tasks in a repeatable and scalable manner. Every employee that is added to an organization requires management of information, analysis of data, and ongoing updates as progression throughout the company
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a
Cloud-based Payroll Software Market - Zenefits Software, Kronos Software, PDS Vi …
Global Cloud-based Payroll Software Market Size, Status and Forecast 2022 provides Market information about top Key Players, Countries, Type and Application. This Industry report also states Company Profile, sales, Cloud-based Payroll Software Market revenue and price, market share, market growth and gross margin by regions. Top Key Players: Zenefits Software Kronos Software PDS Vista HRMS Vibe HCM Software FinancialForce Software Ascentis HR Software Paycor Software Sage HRMS Software BambooHR Software Criterion Software Enquiry for buying report @ https://goo.gl/3CqycH Market segment by Regions/Countries,
Global HR Software Market 2017 - Vibe HCM Software, Kronos Software, Zenefits So …
The report studies HR Software in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022 The HR Software market research report distils the most essential aspects of the market and presents them in the form of a comprehensive and cohesive document. The findings of this report have been obtained via a