Market Overview:
The global succession planning and management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based and web-based succession planning and management software solutions by large enterprises and SMEs across the globe. Additionally, the growing awareness about the benefits of using succession planning and management software among businesses is also contributing to the market growth. However, lack of standardization in data formats used by different vendors is restraining the growth of this market.
Product Definition:
Succession planning is the process of identifying and developing potential successors for key organizational roles. Succession planning software is a tool used to help manage this process by tracking candidates, assessing their qualifications, and creating development plans. The importance of succession planning software lies in its ability to automate these tasks and help organizations identify and develop the best possible candidates for key roles.
Cloud Based:
Cloud-based software is a type of software service that provides functionality to manage data and applications across multiple devices. It offers benefits such as increased access, reduced costs, and greater flexibility. The cloud-based software market is expected to witness significant growth over the forecast period owing to the growing adoption of this technology in succession planning & management solutions by organizations for efficient workforce management.
Web Based:
The web-based software is used in succession planning and management to provide a platform for the employees of an organization to access their personal data such as emails, documents, and photos. The cloud computing technology enables the sharing of information across several devices connected over the internet. This technology has transformed many traditional business models by allowing organizations to share resources such as printers & storage drives among other electronic devices located in different geographic locations.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to factors such as extensive IT investments by large enterprises, high cost of failure, and need for automation in order to reduce operational costs. The succession planning software helps automate business processes that were previously done manually which leads to increased efficiency across various departments within an organization.
The small & medium-sized enterprise (SME) segment is anticipated register a significant CAGR during the forecast period owing to increasing penetration of cloud computing services among SMEs due largely it being less expensive than traditional on-premise solutions, easy access from remote locations with internet connectivity, ability scale resources as required without incurring additional costs or downtime etc., However; large enterprise are more likely use off-the-shelf products while SMEs are more likelyto DIY their own solutions or outsource them depending upon their availability of funds and expertise etc.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to an increase in investments by enterprises, especially large enterprises, for succession planning and management. Furthermore, increasing demand from small- and medium-sized businesses (SMBs) is anticipated to drive regional market growth during the forecast period.
North America held a significant share of global market demand owing to presence of major players such as IBM Corporation; Hewlett Packard Enterprise Development LP; Oracle Corporation; Microsoft Corporation; CA Technologies Inc.; Cognizant Technology Solutions LLC.; Deloitte Touche Tohmatsu Limited Partnership; KPMG LLP., etc. These companies are continuously investing in research & development activities as well as acquisitions & mergers & integrations with other firms so that they can enhance their position in this highly competitive industry landscape dominated by technology giants such as Google LLC., Amazon Web Services, Inc.
Growth Factors:
- Increasing demand for succession planning and management software from small and medium businesses (SMBs) due to the growing awareness of the benefits of such software.
- The increasing trend of mergers and acquisitions (M&As) is expected to drive the demand for succession planning and management software, as businesses need to plan their post-merger integration process effectively.
- Rapid changes in business environment, technology, workforce demographics, etc., are resulting in an increased need for succession planning and management software as it enables organizations to quickly adapt to these changes.
- Growing number of private equity firms is expected to fuel the growth of the succession planning and management software market as these firms are increasingly investing in SMBs that lack proper succession planning processes in place.
- The increasing focus on compliance with regulations such as Sarbanes-Oxley Act (SOX), Health Insurance Portability and Accountability Act (HIPAA), etc., is driving the demand for succession planning and management software solutions that can help organizations meet these compliance requirements
Scope Of The Report
Report Attributes
Report Details
Report Title
Succession Planning and Management Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
Ascentis, BirdDogHR, Cornerstone Performance, EmployeeConnect, Humantelligence, Oracle, PageUp, Plum, Saba, SilkRoad Technology, TalentGuard, TalentQuest, Ultimate Software, Workday
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 Succession Planning and Management Software Market Report Segments:
The global Succession Planning and Management Software market is segmented on the basis of:
Types
Cloud Based, Web Based
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, SMEs
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:
- Ascentis
- BirdDogHR
- Cornerstone Performance
- EmployeeConnect
- Humantelligence
- Oracle
- PageUp
- Plum
- Saba
- SilkRoad Technology
- TalentGuard
- TalentQuest
- Ultimate Software
- Workday
Highlights of The Succession Planning 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:
- Cloud Based
- Web Based
- By Application:
- Large Enterprises
- SMEs
- 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 Succession Planning 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Succession planning and management software is a computer program that helps organizations plan for the succession of key positions. The program can help identify potential successors, assess their skills and abilities, and develop a plan for their succession. The program can also help create an effective transition process.
Some of the major players in the succession planning and management software market are Ascentis, BirdDogHR, Cornerstone Performance, EmployeeConnect, Humantelligence, Oracle, PageUp, Plum, Saba, SilkRoad Technology, TalentGuard, TalentQuest, Ultimate Software, Workday.
The succession planning and management 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. Succession Planning and Management 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. Succession Planning and Management Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Succession Planning and Management Software Market - Supply Chain
4.5. Global Succession Planning and Management Software Market Forecast
4.5.1. Succession Planning and Management Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Succession Planning and Management Software Market Size (000 Units) and Y-o-Y Growth
4.5.3. Succession Planning and Management Software Market Absolute $ Opportunity
5. Global Succession Planning and Management 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. Succession Planning and Management Software Market Size and Volume Forecast by Type
5.3.1. Cloud Based
5.3.2. Web Based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Succession Planning and Management 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. Succession Planning and Management Software Market Size and Volume Forecast by Application
6.3.1. Large Enterprises
6.3.2. SMEs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Succession Planning and Management 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. Succession Planning and Management 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 Succession Planning and Management 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. Succession Planning and Management 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 Succession Planning and Management Software Demand Share Forecast, 2019-2026
9. North America Succession Planning and Management 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 Succession Planning and Management 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 Succession Planning and Management Software Market Size and Volume Forecast by Application
9.4.1. Large Enterprises
9.4.2. SMEs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Succession Planning and Management Software Market Size and Volume Forecast by Type
9.7.1. Cloud Based
9.7.2. Web Based
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 Succession Planning and Management Software Demand Share Forecast, 2019-2026
10. Latin America Succession Planning and Management 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 Succession Planning and Management 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 Succession Planning and Management Software Market Size and Volume Forecast by Application
10.4.1. Large Enterprises
10.4.2. SMEs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Succession Planning and Management Software Market Size and Volume Forecast by Type
10.7.1. Cloud Based
10.7.2. Web Based
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 Succession Planning and Management Software Demand Share Forecast, 2019-2026
11. Europe Succession Planning and Management 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 Succession Planning and Management 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 Succession Planning and Management Software Market Size and Volume Forecast by Application
11.4.1. Large Enterprises
11.4.2. SMEs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Succession Planning and Management Software Market Size and Volume Forecast by Type
11.7.1. Cloud Based
11.7.2. Web Based
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 Succession Planning and Management Software Demand Share, 2019-2026
12. Asia Pacific Succession Planning and Management 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 Succession Planning and Management 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 Succession Planning and Management Software Market Size and Volume Forecast by Application
12.4.1. Large Enterprises
12.4.2. SMEs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Succession Planning and Management Software Market Size and Volume Forecast by Type
12.7.1. Cloud Based
12.7.2. Web Based
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 Succession Planning and Management Software Demand Share, 2019-2026
13. Middle East & Africa Succession Planning and Management 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 Succession Planning and Management 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 Succession Planning and Management Software Market Size and Volume Forecast by Application
13.4.1. Large Enterprises
13.4.2. SMEs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Succession Planning and Management Software Market Size and Volume Forecast by Type
13.7.1. Cloud Based
13.7.2. Web Based
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 Succession Planning and Management Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Succession Planning and Management Software Market: Market Share Analysis
14.2. Succession Planning and Management Software Distributors and Customers
14.3. Succession Planning and Management Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ascentis
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BirdDogHR
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cornerstone Performance
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. EmployeeConnect
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Humantelligence
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Oracle
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PageUp
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Plum
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Saba
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SilkRoad Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TalentGuard
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TalentQuest
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Ultimate Software
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Workday
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook