Press release
Europe and The Middle East & Africa Healthcare HR Software Market : Top Key Players - Paychex Inc. (U.S.), Paycom. (U.S.), SumTotal Systems, LLC. (U.S.), SAP SE (Germany), Ceridian HCM, Inc. (U.S.), PeopleAdmin, Inc
Europe and The Middle East & Africa Healthcare HR Software Market
Healthcare industry is constantly evolving and with technological advancements in various paradigms of information technology, the European and the Middle East & African market was developed. The increasing global burden of diseases like cancer, asthma besides others within the region have evolved the healthcare infrastructure and correspondingly the healthcare expenditures have increased. According to the U.K Health Accounts, the total healthcare expenditure of U.K reached USD 197.4 billion in 2015 from USD 227.8 billion in 2014, with a 3.6%. This boosted the market growth during the forecasted period. Moreover, increasing popularity and awareness regarding the benefits of HR software led to the ameliorating HR software market during the forecasted period. However, lack of related technology and healthcare infrastructure in the developing countries, rapid increase in cybercrime hampering the data security, and complexity of software usage with unceasing size of the organizations is expected to restrain the market growth during the forecasted period.
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Key Players
Paychex Inc. (U.S.), Paycom. (U.S.), SumTotal Systems, LLC. (U.S.), SAP SE (Germany), Ceridian HCM, Inc. (U.S.), PeopleAdmin, Inc. (U.S.), CoreHR (Europe), Kenexa Corporation (U.S.), Oracle (U.S.), SAP SuccessFactors. (U.S.), Ultimate Software (U.S.) and others.
Regional Analysis
The Europe dominates the European and Middle East & Africa for healthcare HR software market owing to a well-developed healthcare sector. Moreover, increasing global burden of the diseases- cancer, asthma, besides others and rising healthcare expenditure within the region have boosted the growth of the market in the Europe. According to Cancer Research U.K, 356,860 new cases of cancer were reported in 2014, leading to 163,444 deaths in the same year. This boosted the European healthcare HR software market during the forecasted period. Moreover, availability of funds for research and government support for research & development drives the European market.
On the other hand, the Middle East & Africa has the least share in the Europe and Middle East & Africa market due to presence of poor economy especially in Africa region. Majority of the market of this region is held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East market. However, the growth of the Africa healthcare HR software market is high due to the presence of opportunities for the development of the market.
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Segmentation
The European and Middle East & Africa for healthcare HR software market is segmented on the basis of type, organisation size, and end users.
On the basis of types, the market is segmented into Recruiting, Software-as-a-service (SaaS), Core-HR, Workforce Management and others. The recruiting segment, by type, is sub-segmented into applicant tracking, screening and background check, and others. Similarly, the workforce management segment is sub- segmented into online time keeping, time clock, and others.
On the basis of organisation size, the market is segmented into medium businesses, large enterprises, small business, and others.
On the basis of end users, the market is segmented into pharmaceutical industries, hospital and clinics, laboratories, and others.
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