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Performance Management Systems - Global Market Trajectory & Analytics

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    Report

  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2228059
Global Performance Management Systems Market to Reach $7.1 Billion by 2027

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):
  • Actus™ 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
Frequently Asked Questions about the Global Market for Performance Management Systems

What is the estimated value of the Global Market for Performance Management Systems?

The Global Market for Performance Management Systems was estimated to be valued at $4.3 Billion in 2020.

What is the growth rate of the Global Market for Performance Management Systems?

The growth rate of the Global Market for Performance Management Systems is 7.4%, with an estimated value of $7.1 Billion by 2027.

What is the forecasted size of the Global Market for Performance Management Systems?

The Global Market for Performance Management Systems is estimated to be worth $7.1 Billion by 2027.

Who are the key companies in the Global Market for Performance Management Systems?

Key companies in the Global Market for Performance Management Systems include Actus™ Software, ADP LLC, Cornerstone OnDemand Inc., Halogen Software Inc., IBM Corp., Jazz, Kronos, Lumesse and Oracle Corporation.

Table of Contents

I. METHODOLOGYII. 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
  • Actus™ Software (UK)
  • ADP, LLC (USA)
  • Cornerstone OnDemand, Inc. (USA)
  • Halogen Software Inc. (Canada)
  • IBM Corporation (USA)
  • Jazz (USA)
  • Kronos (USA)
  • Lumesse (UK)
  • NetDimensions Ltd. (Hong Kong)
  • Oracle Corporation (USA)
  • Peoplefluent (USA)
  • Saba Software, Inc. (USA)
  • SAP SuccessFactors (USA)
  • SAS Institute, Inc. (USA)
  • SumTotal Systems, LLC (USA)
  • Talentsoft (France)
  • Ultimate Software Group, Inc. (USA)
  • Workday, Inc. (USA)
  • Zoho Corporation (USA)

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
  • Table 1: World Current & Future Analysis for Performance Management Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Performance Management Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Performance Management Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027

III. MARKET ANALYSIS
  • UNITED STATES
  • Table 4: USA Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 5: USA Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • CANADA
  • Table 6: Canada Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 7: Canada Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • JAPAN
  • Table 8: Japan Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 9: Japan Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • CHINA
  • Table 10: China Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 11: China Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • EUROPE
  • Table 12: Europe Current & Future Analysis for Performance Management Systems by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 13: Europe Historic Review for Performance Management Systems by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 14: Europe 15-Year Perspective for Performance Management Systems by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2020 & 2027
  • FRANCE
  • Table 15: France Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 16: France Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • GERMANY
  • Table 17: Germany Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 18: Germany Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • ITALY
  • Table 19: Italy Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: Italy Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • UNITED KINGDOM
  • Table 21: UK Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 22: UK Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • SPAIN
  • Table 23: Spain Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: Spain Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • RUSSIA
  • Table 25: Russia Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: Russia Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • REST OF EUROPE
  • Table 27: Rest of Europe Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 28: Rest of Europe Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • ASIA-PACIFIC
  • Table 29: Asia-Pacific Current & Future Analysis for Performance Management Systems by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 30: Asia-Pacific Historic Review for Performance Management Systems by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 31: Asia-Pacific 15-Year Perspective for Performance Management Systems by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2020 & 2027
  • AUSTRALIA
  • Table 32: Australia Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 33: Australia Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • INDIA
  • Table 34: India Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 35: India Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • SOUTH KOREA
  • Table 36: South Korea Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 37: South Korea Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • REST OF ASIA-PACIFIC
  • Table 38: Rest of Asia-Pacific Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 39: Rest of Asia-Pacific Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • LATIN AMERICA
  • Table 40: Latin America Current & Future Analysis for Performance Management Systems by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 41: Latin America Historic Review for Performance Management Systems by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 42: Latin America 15-Year Perspective for Performance Management Systems by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2020 & 2027
  • ARGENTINA
  • Table 43: Argentina Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 44: Argentina Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • BRAZIL
  • Table 45: Brazil Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 46: Brazil Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • MEXICO
  • Table 47: Mexico Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 48: Mexico Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • REST OF LATIN AMERICA
  • Table 49: Rest of Latin America Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 50: Rest of Latin America Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • MIDDLE EAST
  • Table 51: Middle East Current & Future Analysis for Performance Management Systems by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 52: Middle East Historic Review for Performance Management Systems by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 53: Middle East 15-Year Perspective for Performance Management Systems by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2012, 2020 & 2027
  • IRAN
  • Table 54: Iran Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 55: Iran Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • ISRAEL
  • Table 56: Israel Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 57: Israel Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • SAUDI ARABIA
  • Table 58: Saudi Arabia Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 59: Saudi Arabia Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • UNITED ARAB EMIRATES
  • Table 60: UAE Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 61: UAE Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • REST OF MIDDLE EAST
  • Table 62: Rest of Middle East Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 63: Rest of Middle East Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • AFRICA
  • Table 64: Africa Current & Future Analysis for Performance Management Systems by Segment - Performance Management Systems - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 65: Africa Historic Review for Performance Management Systems by Segment - Performance Management Systems Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

IV. COMPETITION
  • Total Companies Profiled: 75

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Actus™ 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