Performance Management Systems Market Scope
The performance management system is a systematic approach to measure the performance of workforces. It is a process through which the enterprises aligns its mission, goals and objectives with available resources (e.g. Manpower, material etc.), systems and set the priorities. Systems that facilitate the attainment of individual and corporate goals. Performance Management systems allow an organization to track and monitor the performance of individual employees, departments, and the organization overall.
The Performance Management Systems market study is segmented by Type (Employee Performance Management, System Performance Management and Business Performance Management), by Application (Enterprise, Institution, Government and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Performance Management Systems market throughout the predicted period.
Oracle Corporation (United States), IBM Corporation (United States), Actus(tm) Software (United Kingdom), ADP, LLC (United States), Cornerstone OnDemand, Inc. (United States), Halogen Software Inc. (Canada), Jazz (United States), Kronos (United States), Lumesse (United Kingdom) and NetDimensions Ltd. (Hong Kong) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Peoplefluent (United States), Saba Software, Inc. (United States) and SAP SuccessFactors (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Performance Management Systems market by Type, Application and Region.
On the basis of geography, the market of Performance Management Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 7 May 2019, ADP, a leading global provider of Human Capital Management (HCM) solutions, today announces the expansion of ADP iHCM 2 in two additional markets including its first entry into the Asia Pacific region, Singapore. ADP iHCM 2 simplifies and streamlines HR processes for pay, talent acquisition, time management, performance management, development and training, as well as tools for human resource administration, reporting, and analysis.
On 23 Feb 2017, Saba Software announced an agreement to acquire Halogen Software, which is a leading provider of cloud-based performance management solutions. This acquisition is expected to strengthen the company’s performance management solutions offerings.
Market Trend
- Rapidly Adoption of Predictive Maintenance and AI
Market Drivers
- The Growing Demand for Performance Management Systems among the Enterprises
- Escalating Demand for Advanced Solutions among the Government Sector
Opportunities
- The Rapidly Growing Demand across the Developing Countries Such As India and Brazil, among others
Restraints
- Low Adoption among Some Verticals
Challenges
- Challenges in Implementing a Performance Management System
Key Target Audience
Performance Management Systems Key Companies, Regulatory & Government Bodies, End Users, Downstream Vendors and Others
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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