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This report studies the Performance Appraisal Software market, Performance Appraisal Software, always mentioned with Performance management software, helps organizations establish employee performance standards and enables managers to evaluate employees job performance in relation to these standards. Performance management systems are used to manage employee progress, performance, and development in relation to organizational goals. Companies use performance management software to facilitate meaningful and ongoing discussions between managers and direct reports.
Performance Appraisal Software is most commonly implemented by HR departments to support manager-level staff throughout various departments at an organization evaluate employees, conduct performance reviews, maintain a record of discussion topics, and facilitate 360-degree feedback. Many performance management solutions offer organizational planning capabilities that help HR departments ensure certain skill sets are present within the organization and plan for succession contingencies in case of employee departure. Performance management software can be implemented either as a standalone solution or as part of an integrated HR management suite.
This report contains market size and forecasts of Performance Appraisal Software in Global, including the following market information:
Global Performance Appraisal Software Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Performance Appraisal Software market was valued at 2308.1 million in 2021 and is projected to reach US$ 6784.3 million by 2028, at a CAGR of 16.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
On-premise Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Performance Appraisal Software include Oracle, Saba, SAP, SumTotal Systems, Ultimate Software, Cornerstone OnDemand, Performly, Impraise and MAUS, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Performance Appraisal Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Performance Appraisal Software Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Performance Appraisal Software Market Segment Percentages, by Type, 2021 (%)
Global Performance Appraisal Software Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Performance Appraisal Software Market Segment Percentages, by Application, 2021 (%)
– Small Business
– Medium-sized Business
– Large Business
Global Performance Appraisal Software Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Performance Appraisal Software Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies Performance Appraisal Software revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Performance Appraisal Software revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– SumTotal Systems
– Ultimate Software
– Cornerstone OnDemand
– Zoho Corporation
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