Businesses Becoming Increasingly Dependent on Enterprise Application Integration, Market Growth to Intensify: Technavio

Technavio analysts announce their latest findings for the enterprise application industry. (Graphic: Business Wire)

LONDON--()--Businesses worldwide depend on technology and integration solutions to sustain smooth business operations, minimize expenses, and drive revenue growth. Enterprise application software system integration has become a key enabler and a necessity for any business looking to efficiently streamline business functions. Technavio has recently published three research reports which highlight markets seeing increased revenue directly driven from business dependency of enterprise application software. All three of these reports can be purchased at a minimum 60% discount by becoming a Technavio Insights member.

Global Recruitment Software Market 2016-2020: Request a sample report

Technavio findings show that businesses spend up to USD 4,000 per person to find and hire the right talent. In 2015, the global unemployment rate dropped to 5%, creating an ultra-competitive job market. This competition is resulting in the high adoption of recruitment software to hire the right talent cost efficiently as possible.

Recruitment of new talent requires a large investment in terms of time and money for any company. Using a recruitment software streamlines the entire hiring process by automating various activities which reduce overall costs and time needed for the hiring process. Automating the hiring process also increases the chances of recruiting the right candidate for the right job posting. This is one of the major factors driving the global recruitment software market.

Global Online Project Management Software Market 2016-2020: Request a sample report

Technavio analysts forecast the global online project management software market to surpass revenue of more than USD 1 billion by 2020. Increased demand for business optimization is one of the primary growth factors for the market.

Online project management software helps organizations reduce operational costs by offering features including task management, project planning tools, workflow management, and advanced reporting. These features enhance productivity, improve the quality of their products and services, while also allowing organizations to directly involve clients and help them streamline their current business activities.

Global Cloud-based Payroll Software Market 2016-2020: Request a sample report

On-premise payroll software solutions are losing ground quickly to cloud-based solutions. The global cloud-based payroll software market will increase its market share by 11% by 2020, comprising 48% of the total market. Benefits of cloud over on-premises solutions is a key factor leading to the speedy growth of this market over the next four years.

On-premises payroll solutions usually require an initial investment such as servers, hardware, and power backup, while in cloud-based payroll solutions, the initial investment is much lower. Geographically, the Americas was the largest market for cloud-based payroll software during 2015 but will witness a decline in market share by 2020 owing to the surging growth of the market in other regions like APAC.

Access Technavio’s Full Report Library

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like IT hardware, cloud computing, and product lifecycle management. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio releases three recent reports highlighting market growth in the enterprise application industry.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com