Market Overview:
The global performance appraisal and management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based performance appraisal and management software solutions, rising adoption of big data and analytics, and growing need for compliance with regulations. The system management segment is expected to hold the largest share of the global performance appraisal and management software market in 2018. This segment is projected to grow at a CAGR of 11.1% during the forecast period from 2018 to 2030. The personnel management segment is projected to grow at a CAGR of 10.7% during the same period, while the attendance management segment is projected to grow at a CAGR of 10%.
Product Definition:
Performance appraisal and management software is a type of computer software that is used to help organizations manage employee performance. This type of software can track employee goals, objectives, and progress; as well as review and score employee performance. Additionally, this type of software can help managers create development plans for employees, identify training needs, and recommend rewards or disciplinary actions.
System Management:
System management is a class of techniques that are used to coordinate and control the activities of several computers or groups of computers from a central location. System management includes both hardware and software components. The system may be local (on the same machine) or it may span across multiple machines connected via some kind of network such as Local Area Network (LAN), Wide Area Network (WAN), Metropolitan area network(MAN) etc.
Personnel Management:
Performance Appraisal and Management Software is used by organizations to effectively manage their human resource. The software provides features such as time & attendance tracking, employee information maintenance, and performance management which helps in improving the overall efficiency of an organization.
The global personnel management and it's usage in performance appraisal & management market was valued at USD 1.5 billion in 2015.
Application Insights:
The commercial company segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing number of public-private partnerships between governments and businesses. For instance, Performance Management for Commercial Companies (PM4CC) is a performance management solution that helps commercial companies manage their operations more effectively by identifying critical issues, measuring & analyzing performance data, developing strategies based on analysis results and implementing solutions.
The government unit segment was one of the prominent segments in 2017 owing to growing demand from various countries across the world including U.S., China, India etc., for efficient governance through effective implementation of Performance Appraisal & Management Software (PAMS).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This growth can be attributed to various factors such as increasing government initiatives, rising healthcare spending by companies and individuals, and growing awareness about performance appraisal and management systems among employees. Moreover, presence of a large number of industry players in this region will continue to support regional market growth over the next seven years.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing adoption of performance appraisal software by small & medium enterprises (SMEs) for effective management of employee time and attendance system across industries such as manufacturing, retail & e-commerce sectors in countries such as China & India.
Growth Factors:
- Increasing demand for performance appraisal and management software from small and medium-sized businesses (SMBs) due to the growing awareness of the benefits of such software.
- The increasing trend of using cloud-based performance appraisal and management software, which is more affordable, user-friendly, and scalable than traditional on-premises solutions.
- The growing demand for automated performance appraisal and management software as it helps organizations to save time and resources by automating the process of appraising employee performances.
- The increasing focus on workforce analytics by organizations to gain a better understanding of their employees’ strengths, weaknesses, and potential areas for improvement with respect to their job roles/tasks.
- The rising popularity of gamification in the field of HRM as a way to engage employees in learning about their own performances while also having some fun at work
Scope Of The Report
Report Attributes
Report Details
Report Title
Performance Appraisal and Management Software Market Research Report
By Type
System Management, Personnel Management, Attendance Management
By Application
Commercial Company, Government Unit, School, Other
By Companies
Oracle, Saba, SAP SuccessFactors, SumTotal Systems, Ultimate Software, Actus, bambooHR, breatheHR, Cornerstone OnDemand, Hirezon, Impraise, Insperity, Performly
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Performance Appraisal and Management Software Market Report Segments:
The global Performance Appraisal and Management Software market is segmented on the basis of:
Types
System Management, Personnel Management, Attendance Management
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Company, Government Unit, School, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oracle
- Saba
- SAP SuccessFactors
- SumTotal Systems
- Ultimate Software
- Actus
- bambooHR
- breatheHR
- Cornerstone OnDemand
- Hirezon
- Impraise
- Insperity
- Performly
Highlights of The Performance Appraisal and Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- System Management
- Personnel Management
- Attendance Management
- By Application:
- Commercial Company
- Government Unit
- School
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Performance Appraisal and Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Performance Appraisal and Management Software (PAMS) is a software application that helps organizations manage employee performance. It includes features to help managers track employee progress, identify areas of improvement, and make decisions about how to best allocate resources. PAMS can also help organizations measure the effectiveness of their training programs and development initiatives.
Some of the major players in the performance appraisal and management software market are Oracle, Saba, SAP SuccessFactors, SumTotal Systems, Ultimate Software, Actus, bambooHR, breatheHR, Cornerstone OnDemand, Hirezon, Impraise, Insperity, Performly.
The performance appraisal and management software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Performance Appraisal and Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Performance Appraisal and Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Performance Appraisal and Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Performance Appraisal and Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Performance Appraisal and Management Software Market Size & Forecast, 2018-2028
4.5.1 Performance Appraisal and Management Software Market Size and Y-o-Y Growth
4.5.2 Performance Appraisal and Management Software Market Absolute $ Opportunity
Chapter 5 Global Performance Appraisal and Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Performance Appraisal and Management Software Market Size Forecast by Type
5.2.1 System Management
5.2.2 Personnel Management
5.2.3 Attendance Management
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Performance Appraisal and Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Performance Appraisal and Management Software Market Size Forecast by Applications
6.2.1 Commercial Company
6.2.2 Government Unit
6.2.3 School
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Performance Appraisal and Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Performance Appraisal and Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Performance Appraisal and Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Performance Appraisal and Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Performance Appraisal and Management Software Market Size Forecast by Type
9.6.1 System Management
9.6.2 Personnel Management
9.6.3 Attendance Management
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Performance Appraisal and Management Software Market Size Forecast by Applications
9.10.1 Commercial Company
9.10.2 Government Unit
9.10.3 School
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Performance Appraisal and Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Performance Appraisal and Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Performance Appraisal and Management Software Market Size Forecast by Type
10.6.1 System Management
10.6.2 Personnel Management
10.6.3 Attendance Management
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Performance Appraisal and Management Software Market Size Forecast by Applications
10.10.1 Commercial Company
10.10.2 Government Unit
10.10.3 School
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Performance Appraisal and Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Performance Appraisal and Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Performance Appraisal and Management Software Market Size Forecast by Type
11.6.1 System Management
11.6.2 Personnel Management
11.6.3 Attendance Management
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Performance Appraisal and Management Software Market Size Forecast by Applications
11.10.1 Commercial Company
11.10.2 Government Unit
11.10.3 School
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Performance Appraisal and Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Performance Appraisal and Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Performance Appraisal and Management Software Market Size Forecast by Type
12.6.1 System Management
12.6.2 Personnel Management
12.6.3 Attendance Management
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Performance Appraisal and Management Software Market Size Forecast by Applications
12.10.1 Commercial Company
12.10.2 Government Unit
12.10.3 School
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Performance Appraisal and Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Performance Appraisal and Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Performance Appraisal and Management Software Market Size Forecast by Type
13.6.1 System Management
13.6.2 Personnel Management
13.6.3 Attendance Management
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Performance Appraisal and Management Software Market Size Forecast by Applications
13.10.1 Commercial Company
13.10.2 Government Unit
13.10.3 School
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Performance Appraisal and Management Software Market: Competitive Dashboard
14.2 Global Performance Appraisal and Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oracle
14.3.2 Saba
14.3.3 SAP SuccessFactors
14.3.4 SumTotal Systems
14.3.5 Ultimate Software
14.3.6 Actus
14.3.7 bambooHR
14.3.8 breatheHR
14.3.9 Cornerstone OnDemand
14.3.10 Hirezon
14.3.11 Impraise
14.3.12 Insperity
14.3.13 Performly
