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Global Performance Appraisal and Management Software Market 2016-2020

About Performance Appraisal and Management Software

Performance appraisal is the process of the evaluation of the employees by the manager. Evaluation is based on the employee's overall contribution to the organization. It also aids in analyzing the abilities and skills of an employee for their future growth. Web-based performance management software system offers performance review, 360-degree feedback, learning content integration and compensation.

Technavio’s analysts forecast the global performance appraisal and management software market to grow at a CAGR of 8.45% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global performance appraisal and management software market for 2016-2020. To calculate the market size, the report considers the revenue of large, small, and medium enterprises that provide the performance appraisal and management software across the globe.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Performance Appraisal and Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Oracle
  • Saba
  • SAP SuccessFactors
  • SumTotal Systems
  • Ultimate Software
Other prominent vendors
  • Actus
  • bambooHR
  • breatheHR
  • Cornerstone OnDemand
  • Hirezon Corporation
  • Impraise
  • Insperity
  • Performly
  • Namely
  • RedSpotHR.com
  • Reviewsnap
  • Trakstar
  • Zoho Corporation
Market driver
  • Need for simplified performance appraisal process
  • For a full, detailed list, view our report
Market challenge
  • Data security and privacy
  • For a full, detailed list, view our report
Market trend
  • Replacing traditional appraisal process with new approach
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Performance Appraisal and Management Software Market 2016-2020

Technavio recognizes the following companies as the key players in the global performance appraisal and management software market: Oracle, Saba, SAP SuccessFactors, SumTotal Systems, and Ultimate Software.

Other Prominent Vendors in the market are: Actus, bambooHR, breatheHR, Cornerstone OnDemand, Hirezon Corporation, Impraise, Insperity, Performly, Namely, RedSpotHR.com, Reviewsnap, Trakstar, and Zoho Corporation.

Commenting on the report, an analyst from Technavio’s team said: “The performance management is no more viewed as a one-off annual meeting. The new performance management trends are emphasising the fact that performance management should be a constant process. Managers are giving in-the-moment feedback to employees on their work and continuous coaching to improve performance. Several companies are renovating their employee strategies in line with new trends.”

According to the report, need for simplified performance appraisal process will drive the market. The traditional performance management has been criticised because it was a tedious task for managers. Many companies are deploying performance management software to ensure that managers can easily supervise the employee goals and track the progress of the employees

Further, the report states that Open-source recruitment software is posing as stiff competition for on-premises and cloud-based performance appraisal software. It is especially popular in developing economies such as India and China. This is mainly because of inadequate capital to invest in the expensive on-premises and cloud-based performance appraisal software. Thus, open source software tends to be a very economical solution for organizations with limited resources and expertise availability.

Companies Mentioned

Oracle, Saba, SAP SuccessFactors, SumTotal Systems, Ultimate Software, Actus, bambooHR, breatheHR, Cornerstone OnDemand, Hirezon Corporation, Impraise, Insperity, Performly, Namely, RedSpotHR.com, Reviewsnap, Trakstar, Zoho Corporation.

  • Executive summary
    • Key findings
      • Table Overview of market revenue in different regions 2015
  • Scope of the report
    • Market overview
      • Table Countries considered in the global performance appraisal management software market
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Table Overview of HCM
    • Difference between performance appraisal and performance management
      • Table Comparison chart of performance appraisal and performance management
  • Performance appraisal process
    • Procedure of the performance appraisal
      • Table Performance appraisal process
  • Market developments
    • The future of performance management and reviews
    • Crowdsourced performance review
  • Market size and forecast
    • Global performance appraisal and management software market
      • Table Global performance appraisal and management software market 2015-2020 ($ billions)
  • Geographical segmentation
    • Global performance appraisal and management software market by geography
      • Table Global performance appraisal and management software market by geography 2015 (%)
      • Table Global performance appraisal and management software market by geography 2020 (%)
    • Performance appraisal and management software market in Americas
      • Table Performance appraisal software and management market in Americas 2015-2020 ($ billions)
    • Performance appraisal and management software market in APAC
      • Table Performance appraisal and management software market in APAC 2015-2020 ($ billions)
    • Performance appraisal and management software market in EMEA
      • Table Performance appraisal and management software market in EMEA 2015-2020 ($ billions)
  • Market drivers
    • Need for simplified performance appraisal process
    • Need for 360-degree feedback
    • Increased demand for SaaS-based appraisal and management software
    • Growing need for cost-efficient solutions
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Data security and privacy
    • Threat from open-source software
    • High implementation and maintenance costs
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Replacing traditional appraisal process with new approach
    • In-the-moment feedback policy of colleagues and managers
    • Proliferation of mobile devices in performance review
  • Buying criteria
    • Table Buying criteria for performance appraisal and management software
  • Five forces analysis
    • Table Five forces analysis
  • Vendor landscape
    • Competitive landscape
    • Vendor rating
      • Table Vendor rating in performance appraisal and performance management software market
  • Key vendor profiles
    • Oracle
    • Saba
    • SAP SuccessFactors
    • SumTotal Systems
    • Ultimate Software
    • Other prominent vendors
  • Mergers and acquisitions
    • Key M&As by vendors
      • Table Major M&As in the market
  • Assumptions
    • Market assumptions
      • Table Market assumptions
  • Appendix
    • List of abbreviations
  • Explore Technavio

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