Market Overview:
The global performance appraisal software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based and web-based performance appraisal software due to their ease of use and low cost. Additionally, the growing trend of using big data and artificial intelligence (AI) in HR processes is also expected to drive the growth of the global performance appraisal software market during the forecast period. However, lack of standardization across regions may restrain the growth of this market during the forecast period.
Product Definition:
Performance appraisal software is used to track employee productivity and assess their work performance. The software records data on how much work an employee completes, how efficiently they complete it, and any errors made. This information can then be used to provide employees with feedback and help them improve their productivity. Performance appraisal software can also be used to create reports that measure the overall effectiveness of a company's workforce.
On-premise:
On-premise software is a type of server deployment model that involves the installation of an operating system and all its supporting components on computers available within the organization. In this model, applications and data are installed directly on the company’s servers rather than being accessed from a remote location.
The primary advantage associated with this deployment method is that it allows organizations to control access to information as well as application availability across different organizational units.
Cloud-based:
Cloud-based software is a type of software that runs on the internet. It uses the internet as its medium to run and get installed on computers or mobile devices. The performance appraisal software industry has been growing at a very fast pace over the past few years owing to factors such as ease of access from any location, no requirement for an office environment, cost effectiveness, easy deployment and high scalability.
Application Insights:
The large business segment dominated the global performance appraisal software market in 2017, accounting for more than 60.0% share of the total revenue. The segment is expected to continue its dominance over the forecast period owing to factors such as growing demand from companies for effective and efficient performance management, increasing pressure on businesses to improve their bottom line by delivering superior customer service, and need for strategic human capital planning within large organizations.
The small business application segment is expected to register a significant CAGR of XX% over the forecast period due largelyto increased utilization of advanced technology products that provide easy-to-use tools with enhanced functionalities specifically designed for small businesses with limited IT resources at their disposal.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to continue its dominance over the forecast period, with a significant increase in demand for performance management software. This growth can be attributed to factors such as increasing government regulations and mandates pertaining to employee engagement, improved customer experience, and rising need for transparency among various stakeholders. Moreover, presence of major players such as Oracle Corporation; Microsoft Corporation; Hewlett Packard Enterprise Development LP; and Salesforce.com Inc.
Growth Factors:
- Increasing demand for performance appraisal software from small and medium-sized businesses (SMBs) due to the growing awareness of the benefits of using such software.
- The increasing trend of using cloud-based performance appraisal software, which is more affordable and easier to use than traditional on-premises software.
- The growing demand for automated performance appraisal solutions that help organizations automate their assessment processes and improve accuracy and efficiency.
- The increasing focus on employee development and retention by organizations, which has led to a greater demand for effective performance appraisal tools and solutions.
- The rising popularity of 360-degree feedback surveys, which are used as a part of modern performance appraisals, has led to an increase in the demand for related software products
Scope Of The Report
Report Attributes
Report Details
Report Title
Performance Appraisal Software Market Research Report
By Type
On-premise, Cloud-based, Web-based, Performance Appraisal Softwar
By Application
Small Business, Medium-sized Business, Large Business
By Companies
Oracle, Saba, SAP, SumTotal Systems, Ultimate Software, Cornerstone OnDemand, Performly, Impraise, MAUS, BambooHR, Namely, Zoho Corporation, BreatheHR, Trakstar, ClearCompany, Actus, Insperity, Reviewsnap, PeopleGoal, Beisen, Performance Appraisal Softwar
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Performance Appraisal Software Market Report Segments:
The global Performance Appraisal Software market is segmented on the basis of:
Types
On-premise, Cloud-based, Web-based, Performance Appraisal Softwar
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
Small Business, Medium-sized Business, Large Business
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
- SumTotal Systems
- Ultimate Software
- Cornerstone OnDemand
- Performly
- Impraise
- MAUS
- BambooHR
- Namely
- Zoho Corporation
- BreatheHR
- Trakstar
- ClearCompany
- Actus
- Insperity
- Reviewsnap
- PeopleGoal
- Beisen
- Performance Appraisal Softwar
Highlights of The Performance 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:
- On-premise
- Cloud-based
- Web-based
- Performance Appraisal Softwar
- By Application:
- Small Business
- Medium-sized Business
- Large Business
- 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 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 software is a computer application that helps managers and employees track, measure, and report their performance. The software can help identify areas in which employees need improvement and provide guidance on how to improve their performance.
Some of the major companies in the performance appraisal software market are Oracle, Saba, SAP, SumTotal Systems, Ultimate Software, Cornerstone OnDemand, Performly, Impraise, MAUS, BambooHR, Namely, Zoho Corporation, BreatheHR, Trakstar, ClearCompany, Actus, Insperity, Reviewsnap, PeopleGoal, Beisen, Performance Appraisal Softwar.
The performance appraisal software market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Performance Appraisal Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Performance Appraisal Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Performance Appraisal Software Market - Supply Chain
4.5. Global Performance Appraisal Software Market Forecast
4.5.1. Performance Appraisal Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Performance Appraisal Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Performance Appraisal Software Market Absolute $ Opportunity
5. Global Performance Appraisal Software Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Performance Appraisal Software Market Size and Volume Forecast by Type
5.3.1. On-premise
5.3.2. Cloud-based
5.3.3. Web-based
5.3.4. Performance Appraisal Softwar
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Performance Appraisal Software Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Performance Appraisal Software Market Size and Volume Forecast by Application
6.3.1. Small Business
6.3.2. Medium-sized Business
6.3.3. Large Business
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Performance Appraisal Software Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Performance Appraisal Software Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Performance Appraisal Software Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Performance Appraisal Software Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Performance Appraisal Software Demand Share Forecast, 2019-2026
9. North America Performance Appraisal Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Performance Appraisal Software Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Performance Appraisal Software Market Size and Volume Forecast by Application
9.4.1. Small Business
9.4.2. Medium-sized Business
9.4.3. Large Business
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Performance Appraisal Software Market Size and Volume Forecast by Type
9.7.1. On-premise
9.7.2. Cloud-based
9.7.3. Web-based
9.7.4. Performance Appraisal Softwar
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Performance Appraisal Software Demand Share Forecast, 2019-2026
10. Latin America Performance Appraisal Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Performance Appraisal Software Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Performance Appraisal Software Market Size and Volume Forecast by Application
10.4.1. Small Business
10.4.2. Medium-sized Business
10.4.3. Large Business
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Performance Appraisal Software Market Size and Volume Forecast by Type
10.7.1. On-premise
10.7.2. Cloud-based
10.7.3. Web-based
10.7.4. Performance Appraisal Softwar
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Performance Appraisal Software Demand Share Forecast, 2019-2026
11. Europe Performance Appraisal Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Performance Appraisal Software Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Performance Appraisal Software Market Size and Volume Forecast by Application
11.4.1. Small Business
11.4.2. Medium-sized Business
11.4.3. Large Business
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Performance Appraisal Software Market Size and Volume Forecast by Type
11.7.1. On-premise
11.7.2. Cloud-based
11.7.3. Web-based
11.7.4. Performance Appraisal Softwar
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Performance Appraisal Software Demand Share, 2019-2026
12. Asia Pacific Performance Appraisal Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Performance Appraisal Software Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Performance Appraisal Software Market Size and Volume Forecast by Application
12.4.1. Small Business
12.4.2. Medium-sized Business
12.4.3. Large Business
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Performance Appraisal Software Market Size and Volume Forecast by Type
12.7.1. On-premise
12.7.2. Cloud-based
12.7.3. Web-based
12.7.4. Performance Appraisal Softwar
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Performance Appraisal Software Demand Share, 2019-2026
13. Middle East & Africa Performance Appraisal Software Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Performance Appraisal Software Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Performance Appraisal Software Market Size and Volume Forecast by Application
13.4.1. Small Business
13.4.2. Medium-sized Business
13.4.3. Large Business
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Performance Appraisal Software Market Size and Volume Forecast by Type
13.7.1. On-premise
13.7.2. Cloud-based
13.7.3. Web-based
13.7.4. Performance Appraisal Softwar
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Performance Appraisal Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Performance Appraisal Software Market: Market Share Analysis
14.2. Performance Appraisal Software Distributors and Customers
14.3. Performance Appraisal Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Oracle
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Saba
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SAP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SumTotal Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ultimate Software
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cornerstone OnDemand
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Performly
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Impraise
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MAUS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BambooHR
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Namely
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Zoho Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BreatheHR
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Trakstar
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ClearCompany
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Actus
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Insperity
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Reviewsnap
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. PeopleGoal
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Beisen
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
