Insights on the Performance Management Systems Global Market to 2027 - Featuring ADP, Kronos and SAS Institute Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Performance Management Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Performance Management Systems estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$7.1 Billion by 2027, growing at a CAGR of 7.3% over the period 2020-2027.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 11.1% CAGR

The Performance Management Systems market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Select Competitors (Total 75 Featured):

• ActusT Software
• ADP LLC
• Cornerstone OnDemand Inc.
• Halogen Software Inc.
• IBM Corp.
• Jazz
• Kronos
• Lumesse
• NetDimensions Ltd.
• Oracle Corporation
• Peoplefluent
• Saba Software Inc.
• SAP SuccessFactors
• SAS Institute Inc.
• SumTotal Systems LLC
• Talentsoft
• Ultimate Software Group Inc.
• Workday Inc.
• Zoho Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Performance Management: An Introductory Prelude
• Recent Market Activity
• Expanding Role of Performance Management in HRM Builds Market Momentum
• Sustained Thrust towards Talent Management Generates Parallel Opportunities
• Inadequacies of Traditional PM Model Create Fertile Environment for PM Systems
• Key Benefits Offered Drive Adoption of PM Systems
• Align Business Objectives and Employee Goals
• Identify and Fix Gaps in Staff Training Programs
• Deal with Operational Inefficiencies Curtailing Workforce Performance
• Cost Reductions
• Positive Economic Scenario to Extend Growth Opportunities
• Global Market Outlook
• Developed Regions Remain Key Revenue Contributors
• Developing Markets: Hot Spots for Future Growth
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Enterprises Prioritize Performance Management amid Mounting Challenges in Business Operations
• Ongoing Changes in Organizational Structure Develop a Business Case for PM Systems
• Enterprises Focus on Fully-Configured PM Systems
• Large Enterprises & MNCs Constitute the Key End-Use Market
• Small- & Mid-Sized Businesses (SMBs): Lucrative Consumer Segment
• PM Technologies to Penetrate Vast Government Sector
• Improved Employee Engagement Made Possible by PM System
• Seamless Two-Sided Workplace Engagement
• PM System Enables Performance Improvement through Real-Time Feedback
• Automated Reporting Facilitates Seamless Employee Improvement Processes
• PM Technologies Aid in 360-Degree Reviews
• Performance Appraisal Made Easier with PM System
• Enterprises Leverage PM Systems for Targeted Employee Development
• PM Technologies Allow Product Quality & Customer Service Improvements
• In-Depth Analytics Generate Substantial Interest in PM Systems
• Performance Metrics Augment Analytics
• Cloud-based SaaS Model Fuels Market Momentum
• Declining Trend in On-Premise PM Systems Market
• Mobile-Compatibility: The Ongoing Trend
• Uptrend in Enterprise Mobility Instigates Demand for Mobile-Friendly PM Technologies
• BYOD Funnels Momentum in Enterprise Mobility

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/g3vujg