Europe SaaS Based
HRM Market : Overview
Software as a
service (SaaS) based human resource management (HRM) is a cloud-based
human resource (HR) software solution that enables easy management
and control of HR operations. Maintaining employee records right from
the date of joining up to retirement is one of the key tasks under
human resource management. SaaS based HRM solutions offer services
such as electronic forms processing, directory management, leave
management, payroll management, time and attendance management, and
application tracking. Self-service web interfaces provided by SaaS
based HRM enhance the productivity of the staff.
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The European market
for SaaS based HRM has been segmented by solution, by enterprise
size, by industry, and by country. By solution, the market has been
segmented into workforce management, HR and payroll, integrated
solutions, time and attendance management, hiring, and scheduling. By
enterprise size, large enterprises and small and medium enterprises
are the two key categories of the market. By industry, the market for
SaaS based HRM in Europe can be segmented into healthcare,
manufacturing, banking, financial services, and insurance (BFSI), IT
and telecom, logistics, and government.
The report sheds
light on the most significant trends and developments in the European
market for SaaS based HRM solutions. The leading market players,
their growth strategies, and their market shares have been revealed
in the report, alongside Porter’s Five Force analysis that gauges
the level of competition among them.
Europe SaaS Based
HRM Market : Drivers and Restraints
SaaS based HRM
solutions enable enterprises to access and manage data in an
effective manner based on a real time analysis. A number of software
developers and vendors have been concentrating on the leveling up of
SaaS based HRM solutions via the integration of value added
processing including human resource compliance management tools, new
features including process design control, and workforce analytics.
The robust automation functionalities provided by SaaS based HRM
solutions eliminated the need of maintaining tiresome spreadsheets
and data management, saving considerable amount of time.
Being a hub of
unified human resource data, retrieving crucial data is made easy by
this solution. High scalability of SaaS based HRM solutions has also
been encouraging its adoption across several domains. These software
solutions are easy to install, do not require IT crew, and are also
easy to update. The growing demand for cost efficient solutions
offered by SaaS based HRM solutions has been driving the growth of
the market in Europe. The swelling demand for better infrastructure
for recruitment and talent recognition has been crucial in boosting
the demand for SaaS based HRM solutions in Europe.
Europe SaaS Based
HRM Market : Regional Outlook
By country, the SaaS
based HRM market in Europe has been segmented into Italy, Germany,
the U.K., Scandinavia, France, Poland, and the Netherlands. Germany
is expected to lead the European market for SaaS based HRM solutions
over the oncoming period. France might procure the second-most
position. The U.K. is another major contributor of the SaaS based HRM
solutions market. The European market for SaaS based HRM is expected
to soar because of the increasing implementation of these solutions
by businesses and rising awareness pertaining to the advantages
offered by SaaS based HRM software solutions amongst organizations in
this region.
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Europe SaaS Based
HRM Market : Competitive Analysis
SAP (SuccessFactor,
Inc.), The Sage Group plc, Persis GmbH, Oracle (Taleo Corporation),
IBM Corporation, SD Worx, ADP LLC, Rexx systems GmbH, Jobvite Inc.,
and Perbit Software GmbH are some of the major companies operating in
the market for SaaS based HRM in Europe.
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