Published on : Jun 07, 2017
Albany, New York, June 7, 2017: Today, the increasing workforce globalization is anticipated to supplement the large-scale adoption of SaaS-based HRM application by small and large enterprises worldwide. With the advent of ingenious HRM software, organizations came to know of its benefits, such as automated processing of daily HR works and database management services. This, as a result, bolstering the market growth of SaaS based HRM. To explore major trends and factors active in the market, Market Research Hub (MRH) has recently added a new study to its vast repository, which is titled as “SaaS Based HRM Market- Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025”. The report offers a comprehensive evaluation of the Europe market. It does so via in-depth qualitative insights, historical data and demonstrable projections about market size and status.
As per the findings of a new study, Europe SaaS based HRM market witnessed to surge at a tremendous CAGR of 11.3% between 2017 and 2025. At this pace, the market is expected to reach a strong valuation of US$1,962.1 mn by 2025 from US$676.2 mn is 2015. The market is majorly driven by the rising demand for cost saving solutions in HRM. The market demand is also supported by the growing importance of the deployment of employee-centric systems to enhance the human resource activities.
Geographically, the report categorizes the Europe SaaS based market into Germany, The Netherlands, France, The U.K., Scandinavia, Italy, Poland and Rest of Europe. Of these, Europe market is expected to be driven by the Germany country. The report also covers market dynamics including drivers, restraint, opportunities and trends anticipated to influence the Europe SaaS based HRM market growth during the said period.
SaaS based HRM mainly refers to the HR software operated in cloud computing environment. Saas Human Resources applications provide a comprehensive tool set for managing all aspects of human resources activity. These applications enable to enhance the productivity of human resource staff by offering self-service web interfaces. Moreover, SaaS-based HRM allows the organization to access and maintain their employee data effectively on a real time basis. SaaS-based HR solutions offer improved user experience, access to innovation and best practices to drive business processes.
The Europe SaaS based HRM has been segmented by enterprise size, solution and industry. By enterprise size, the market has been classified into small & medium enterprise and large enterprise. By solution, the market is further classified into:
- Time and Attendance Management
- Integrated Solutions
- HR and Payroll, Workforce Management
- Others (Scheduling, Hiring, etc.)
By industry, the market is further classified into Banking, IT & Telecom, Financial Services and Insurance (BFSI), Healthcare, Manufacturing and others.
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Moreover, the company profile of major players that have been assimilated in this report, such as IBM Corporation, The Sage Group plc, Oracle (Taleo Corporation), ADP, LLC, SAP (SuccessFactor, Inc.), Perbit Software GmbH, Rexx systems GmbH, SD Worx, Jobvite Inc., Persis GmbH.
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