|01-31-2018 12:29 PM CET - Advertising, Media Consulting, Marketing Research||
Compensation Software Market is expected to double its market size by 2023
Press release from: HTF Market Intelligence Consulting Pvt. Ltd.
HTF Market Report released a new research document of 134 pages on industry titled as 'Compensation Software - Global Market Outlook (2017-2023)’ with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe, Middle East, China, India, Southeast Asia and important players/vendors such as SAP Success Factors, Workday, ADP, Oracle, Ultimate Software The report will help you gain market insights, future trends and growth prospects for forecast period of 2017-23
According to Stratistics MRC, the Global Compensation Software market is expected to grow at a CAGR of 10.1% during the forecast period. Rising need for automated compensation management processes is one of the major factor favouring the market growth. On the other hand, huge implementation and expensive costs of these software’s are restricting the market. Increasing acceptance of digital HR technology is considered to be one of the major opportunities during the forecast period.
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Compensation software is widely adopted among small enterprises and start-ups as it reduces complicated compensation planning for compensation cycles. Enterprises are shifting from manual processes and implementing compensation processes. On-premises compensation software segment has witnessed huge growth as it provides control to the critical data and also provides training services to the employees. Digital HR technology helps in combining mobile, social analytics and cloud technologies thus the demand is increasing for this technology.
North America is a dominating region with a largest market share during the forecast period attributed to the various number of micro enterprises and start-ups switching to the adoption of automated workflows.
Some of the key players in global compensation software market include SAP Success Factors, Workday, ADP, Oracle, Ultimate Software, CWS Software, Greytip Software, BullseyeEngagement, Cornerstone, Decusoft, Curo and Execupay.
Deployment models Covered:
• On-premises compensation software
• Cloud-based compensation software
North America, Europe, Middle East, China, India, Southeast Asia
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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2.2 Stake Holders
2.3 Research Scope
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2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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