HR management refers to the process of acquiring, hiring, training, managing, and retaining the workforce to contribute effectively in the business processes of an organization. HRM systems increase the efficiency of the Human Resource division, minimize operational costs, and help companies create a more employee-centric culture. HRM is mainly used to quantify and measure the talent present in an organization, and help streamline its workforce. It also helps organizations maintain competitive advantage by recruiting, managing, and retaining talented personnel. SaaS-based human resource management (HRM) includes deployment of HRM applications such as payroll, personnel, benefits, recruitment, and compliance management as web-based subscription service. It is operated by a third-party organization as opposed to the installation and maintenance of on-premise business systems.
The SaaS (Service-as-a-Service)-based HRM comprises the same function as of HRM operates but along with web-based service. These web based service optimize the resources of the business and diversify into several sectors with ease. Moreover, the SaaS- based HRM simplifies operation of business by emphasizing on revenue generating activities and managing workforce efficiently for enhanced productivity. SaaS-based HRM is a flexible and cost-effective business model which provides the advanced less-time consuming processes and eliminated the update issues associated with HRM software.
Market Analysis and Insights: Global HR SaaS Market
The research report studies the HR SaaS market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global HR SaaS market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX% during 2021-2026.
Global HR SaaS Scope and Segment
The global HR SaaS market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global HR SaaS market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
by Type, the market is primarily split into
Small and Medium Enterprise
Large Enterprise
by Application, this report covers the following segments
Banking, Financial Services and Insurance (BFSI)
Healthcare
IT and Telecom
Manufacturing
Others (Government, Logistics, etc.)
Global HR SaaS market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
The HR SaaS key players in this market include:
ADP
IBM
Oracle (Taleo)
Persis
Perbit Software
Jobvite
SAP (SuccessFactor)
Rexx systems
SD Worx
Sage
1 Market Overview of HR SaaS
1.1 HR SaaS Market Overview
1.1.1 HR SaaS Product Scope
1.1.2 Market Status and Outlook
1.2 Global HR SaaS Market Size Overview by Region 2015 VS 2020 VS 2026
1.3 Global HR SaaS Market Size by Region (2015-2026)
1.4 Global HR SaaS Historic Market Size by Region (2015-2020)
1.5 Global HR SaaS Market Size Forecast by Region (2021-2026)
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