Global Compensation Software Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Compensation Software Market.
Companies Mentioned are ADP, Oracle, SAP SuccessFactors, Ultimate Software, Workday, beqom, BullseyeEngagement, Cornerstone, Curo, CWS Software, Decusoft, Execupay, Greytip Software, Harvest HCM, Halogen Software, HRsoft, JSM Technologies, Kinixsys, Kronos, Lumesse, Nitso Technologies, Paycom, Peoplefluent, PayScale, sumHR, Talentsoft, and Willis Towers Watson.
The global Compensation Software market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
Major points covered in Global Compensation Software Market 2017 Research are:-
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global Compensation Software market?
- What are the key market trends impacting the growth of the global Compensation Software market?
- What are the challenges to market growth?
- Who are the key vendors in the global Compensation Software market?
- What are the market opportunities and threats faced by the vendors in the global Compensation Software market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global Compensation Software market?
This independent 85 page report guarantees you will remain better informed than your competition. With over 160 tables and figures examining the Compensation Software market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Compensation Software in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.
MIR Announces the Publication of its Research Report – Global Compensation Software Market 2017-2021
MIR recognizes the following companies as the key players in the global compensation software market: ADP, Oracle, SAP SuccessFactors, Ultimate Software, and Workday.
Other Prominent Vendors in the market are: beqom, BullseyeEngagement, Cornerstone, Curo, CWS Software, Decusoft, Execupay, Greytip Software, Harvest HCM, Halogen Software, HRsoft, JSM Technologies, Kinixsys, Kronos, Lumesse, Nitso Technologies, Paycom, Peoplefluent, PayScale, sumHR, Talentsoft, and Willis Towers Watson.
Commenting on the report, an analyst from MIR’s team said: “One trend in the market is rise in demand for integrated HCM solutions. End-users prefer vendors that provide integrated and converged software suites, as opting for different software may lead to integration issues. Software suites from the same vendor have better integration ability and support other functions. As the increased complexity of network infrastructure has made integration an important buying criterion, solutions with better integration are finding higher adoption.”
According to the report, one driver in the market is demand for automated compensation management processes. The demand for automated compensation management process is one of the major drivers of the market. The automation of compensation planning helps enterprises to simplify processes, reduce paperwork, and offer a centralized place for managing all tasks, which saves the administration costs and time. The implementation of software is gaining prominence among all kinds of enterprises because it helps them gain a greater transparency into rewards and performance of employees and enables enterprises to perform total compensation analysis.
Further, the report states that one challenge in the market is high implementation and maintenance cost. The high cost of deploying on-premises compensation software is one of the major challenges in the market for SMEs and start-ups. The price of the compensation software includes the cost of implementation, training, maintenance, software licensing, system design, and customization. Apart from software licensing, SMEs and start-ups enterprises also need to invest in the proper implementation of the software and training of the employees to use the software application. Post implementation, the software requires continuous upgrading to keep up with the market trends.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The report provides a basic overview of the Compensation Software industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Compensation Software industry development trends and marketing channels are analyzed.
The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Compensation Software on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Compensation Software Market and assist manufacturers and investment organization to better grasp the development course of Compensation Software Market.