Market Overview:
The global performance management and appraisal software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based performance management and appraisal software due to its advantages such as low cost, easy deployment, and scalability. In addition, the growing trend of using big data and analytics for decision making is also contributing to the growth of the market.
Product Definition:
Performance management software is used to assess employee productivity and track employee progress. It also helps to identify areas where employees need improvement and provides guidelines for improvement. Performance appraisal software is used to evaluate employee performance by rating their strengths and weaknesses.
Cloud-Based:
Cloud-based software is a type of software service that provides functionality to the end-users through the internet. It helps in storing data on digital media instead of using conventional storage devices such as hard drives, tapes, and CDs. The cloud enables organizations to store information on remote servers for future access. Cloud services are also used by organizations for performance monitoring and user feedback purposes.
On-Premises:
On-premises software is a type of software that is installed and used directly by the end-users or enterprises. The on-premises software solutions are mostly used for performance management, asset management, and financial management. These solutions help in enhancing the productivity of organizations through improved operational efficiency and increased employee satisfaction.
Application Insights:
The large enterprises segment dominated the global performance management & appraisal software market in 2017. The growth can be attributed to the high usage of performance management and appraisal tools by large enterprises as these organizations have a larger number of resources, projects, and customers. Furthermore, these companies have a more complex structure as compared to medium-sized or small businesses that use PM&A software. Large enterprises need robust solutions that can support their internal processes while providing visibility into employee behavior across all channels with dashboards for key business metrics such as quality assurance and customer satisfaction. These factors are driving adoption among large enterprise users globally.
PM&A solutions in medium-sized.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to growing adoption of performance management and appraisal software by enterprises, along with rising focus on employee engagement and satisfaction. In addition, presence of a large number of vendors in this region increases competition among vendors, which results in better pricing for end users.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing awareness about benefits offered by performance management and appraisal software coupled with improving economic conditions in emerging countries such as India & China & Australia etc.
Growth Factors:
- Increased focus on employee productivity and performance by organizations
- Proliferation of big data and analytics, which can be used to improve the effectiveness of performance management processes
- The increasing trend of using mobile devices for work purposes, which is driving the demand for mobile-friendly performance management software
- The growing popularity of social networking tools in the workplace, which is facilitating better communication and collaboration among employees
- The increasing demand from small businesses for affordable yet effective performance management software
Scope Of The Report
Report Attributes
Report Details
Report Title
Performance Management & Appraisal Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
By Companies
BambooHR, Culture Amp, Gtmhub, CakeHR, Engagedly, SalesScreen, Impraise, PeopleGoal, Mettl 360View, Bonusly, Motivosity, Qualtrics, UltiPro, WebHR, Namely, ClearCompany, Performance Pro, Zoho People, Spidergap, Threads Culture, OrangeHRM
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Performance Management & Appraisal Software Market Report Segments:
The global Performance Management & Appraisal Software market is segmented on the basis of:
Types
Cloud-Based, On-Premises
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
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
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:
- BambooHR
- Culture Amp
- Gtmhub
- CakeHR
- Engagedly
- SalesScreen
- Impraise
- PeopleGoal
- Mettl 360View
- Bonusly
- Motivosity
- Qualtrics
- UltiPro
- WebHR
- Namely
- ClearCompany
- Performance Pro
- Zoho People
- Spidergap
- Threads Culture
- OrangeHRM
Highlights of The Performance Management & Appraisal 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:
- Cloud-Based
- On-Premises
- By Application:
- Large Enterprises(1000+ Users)
- Medium-Sized Enterprise(499-1000 Users)
- Small Enterprises(1-499 Users)
- 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 Management & Appraisal 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.
How you may use our products:
- Correctly Positioning New Products
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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 management and appraisal software is a computer program that helps managers track, measure, and report on the performance of employees. The software can also help identify areas where employees need improvement and provide recommendations for how to improve their performance.
Some of the major players in the performance management & appraisal software market are BambooHR, Culture Amp, Gtmhub, CakeHR, Engagedly, SalesScreen, Impraise, PeopleGoal, Mettl 360View, Bonusly, Motivosity, Qualtrics, UltiPro, WebHR, Namely, ClearCompany, Performance Pro, Zoho People, Spidergap, Threads Culture, OrangeHRM.
The performance management & appraisal software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Performance Management & Appraisal 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 Management & Appraisal Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Performance Management & Appraisal 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 Management & Appraisal 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 Management & Appraisal Software Market Size & Forecast, 2018-2028
4.5.1 Performance Management & Appraisal Software Market Size and Y-o-Y Growth
4.5.2 Performance Management & Appraisal Software Market Absolute $ Opportunity
Chapter 5 Global Performance Management & Appraisal 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 Management & Appraisal Software Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Performance Management & Appraisal 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 Management & Appraisal Software Market Size Forecast by Applications
6.2.1 Large Enterprises(1000+ Users)
6.2.2 Medium-Sized Enterprise(499-1000 Users)
6.2.3 Small Enterprises(1-499 Users)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Performance Management & Appraisal 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 Management & Appraisal 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 Management & Appraisal Software Analysis and Forecast
9.1 Introduction
9.2 North America Performance Management & Appraisal 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 Management & Appraisal Software Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premises
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 Management & Appraisal Software Market Size Forecast by Applications
9.10.1 Large Enterprises(1000+ Users)
9.10.2 Medium-Sized Enterprise(499-1000 Users)
9.10.3 Small Enterprises(1-499 Users)
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 Management & Appraisal Software Analysis and Forecast
10.1 Introduction
10.2 Europe Performance Management & Appraisal 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 Management & Appraisal Software Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premises
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 Management & Appraisal Software Market Size Forecast by Applications
10.10.1 Large Enterprises(1000+ Users)
10.10.2 Medium-Sized Enterprise(499-1000 Users)
10.10.3 Small Enterprises(1-499 Users)
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 Management & Appraisal Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Performance Management & Appraisal 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 Management & Appraisal Software Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premises
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 Management & Appraisal Software Market Size Forecast by Applications
11.10.1 Large Enterprises(1000+ Users)
11.10.2 Medium-Sized Enterprise(499-1000 Users)
11.10.3 Small Enterprises(1-499 Users)
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 Management & Appraisal Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Performance Management & Appraisal 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 Management & Appraisal Software Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premises
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 Management & Appraisal Software Market Size Forecast by Applications
12.10.1 Large Enterprises(1000+ Users)
12.10.2 Medium-Sized Enterprise(499-1000 Users)
12.10.3 Small Enterprises(1-499 Users)
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 Management & Appraisal Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Performance Management & Appraisal 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 Management & Appraisal Software Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premises
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 Management & Appraisal Software Market Size Forecast by Applications
13.10.1 Large Enterprises(1000+ Users)
13.10.2 Medium-Sized Enterprise(499-1000 Users)
13.10.3 Small Enterprises(1-499 Users)
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 Management & Appraisal Software Market: Competitive Dashboard
14.2 Global Performance Management & Appraisal Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BambooHR
14.3.2 Culture Amp
14.3.3 Gtmhub
14.3.4 CakeHR
14.3.5 Engagedly
14.3.6 SalesScreen
14.3.7 Impraise
14.3.8 PeopleGoal
14.3.9 Mettl 360View
14.3.10 Bonusly
14.3.11 Motivosity
14.3.12 Qualtrics
14.3.13 UltiPro
14.3.14 WebHR
14.3.15 Namely
14.3.16 ClearCompany
14.3.17 Performance Pro
14.3.18 Zoho People
14.3.19 Spidergap
14.3.20 Threads Culture
14.3.21 OrangeHRM
