Global Compensation Software Market 2017-2021

  • ID: 4372346
  • Report
  • Region: Global
  • 85 pages
  • TechNavio
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FEATURED COMPANIES

  • ADP
  • Curo
  • Greytip Software
  • JSM Technologies
  • Nitso Technologies
  • Peoplefluent
  • MORE
About Compensation Software

Compensation software automates, organizes, and simplifies complex compensation planning and enables managers to increase accuracy, improve budget allocations, and align compensation decisions with organizational guidelines. Enterprises are implementing compensation software to make better compensation decisions while reducing cycle times with up-to-date, accurate, and auditable processes. The adoption of compensation software is increasing in small enterprises and startups because it shortens compensation cycles for the most complex compensation planning.

The analysts forecast the global compensation software market to grow at a CAGR of 8.77% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global compensation software market for 2017-2021. To calculate the market size, the report considers revenue generated from the sale of compensation/payroll software license, maintenance and support, installation, customization, and training.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Compensation Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ADP
  • Oracle
  • SAP SuccessFactors
  • Ultimate Software
  • Workday
Other prominent vendors
  • beqom
  • BullseyeEngagement
  • Cornerstone
  • Curo
  • CWS Software
  • Decusoft
  • Execupay
  • Greytip Software
  • Harvest HCM
  • Halogen Software
  • HRsoft
  • JSM Technologies
  • Kinixsys
  • Kronos
  • Lumesse
  • Nitso Technologies
  • Paycom
  • Peoplefluent
  • PayScale
  • sumHR
  • Talentsoft
  • Willis Towers Watson
Market drivers
  • Demand for automated compensation management processes
  • For a full, detailed list, view the full report
Market challenges
  • High implementation and maintenance cost
  • For a full, detailed list, view the full report
Market trends
  • Rise in demand for integrated HCM solutions
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • ADP
  • Curo
  • Greytip Software
  • JSM Technologies
  • Nitso Technologies
  • Peoplefluent
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Economic overview
  • Global economic overview and its impact on the market and vendors
PART 06: Market landscape
  • Market overview
  • Market assumptions
  • Global HCM software market
  • Share of compensation software in global HCM software market
  • Global compensation software market
  • Five forces analysis
PART 07: Market segmentation by deployment model
  • Global compensation software market by deployment model
  • Global on-premises compensation software market
  • Global cloud-based compensation software market
PART 08: Geographical segmentation
  • Global compensation software market by geography
  • Americas
  • EMEA
  • APAC
PART 09: Buying criteria
  • Buying criteria for compensation software
PART 10: Decision framework

PART 11: Drivers and challenges
  • Market drivers
  • Market challenges
PART 12: Market trends
  • Rise in demand for integrated HCM solutions
  • Accessibility to mobile applications
  • Increasing adoption of digital HR technology
PART 13: Vendor landscape
  • Competitive scenario
  • Vendor matrix
  • Competitive rating
  • Other prominent vendors
PART 14: Key vendor profiles
  • ADP
  • Oracle
  • SAP SuccessFactors
  • Ultimate Software
  • Workday
PART 15: Mergers and acquisitions
  • Mergers and acquisitions in the market
PART 16: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Overview of HCM
Exhibit 02: Market assumptions
Exhibit 03: Global HCM software market 2016-2021 ($ billions)
Exhibit 04: Share of compensation software in global HCM software market 2016-2021 (% share of revenue)
Exhibit 05: Global compensation software market 2016-2021 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Deployment models
Exhibit 08: Global compensation software market by deployment 2016-2021 (% share of revenue)
Exhibit 09: Global on-premises compensation software market 2016-2021 ($ billions)
Exhibit 10: Global cloud-based compensation software market 2016-2021 ($ billions)
Exhibit 11: Differences between on-premises and cloud-based compensation software
Exhibit 12: Global compensation software by geography 2016-2021 (% share of revenue)
Exhibit 13: Global compensation software market by geography 2016-2021 ($ billions)
Exhibit 14: Buying criteria for compensation software
Exhibit 15: Open-source compensation software
Exhibit 16: Competitive factors among vendors in market
Exhibit 17: Product offerings
Exhibit 18: Features
Exhibit 19: Deployment model
Exhibit 20: Support
Exhibit 21: Training
Exhibit 22: Customer size
Exhibit 23: Geographical presence
Exhibit 24: Competitive rating
Exhibit 25: Other prominent vendors
Exhibit 26: ADP: Key products and features
Exhibit 27: Oracle: Key products and features
Exhibit 28: SAP SuccessFactors: Key products and features
Exhibit 29: Ultimate Software: Key products and features
Exhibit 30: Workday: Key products and features
Exhibit 31: Mergers and acquisitions in the global compensation software market
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ADP
  • Curo
  • Greytip Software
  • JSM Technologies
  • Nitso Technologies
  • Peoplefluent
  • MORE
New Report Released: - Global Compensation Software Market 2017-2021

The author of the report recognizes the following companies as the key players in the global compensation software market: ADP, Oracle, SAP SuccessFactors, Ultimate Software, and Workday.

Other Prominent Vendors in the market are: beqom, BullseyeEngagement, Cornerstone, Curo, CWS Software, Decusoft, Execupay, Greytip Software, Harvest HCM, Halogen Software, HRsoft, JSM Technologies, Kinixsys, Kronos, Lumesse, Nitso Technologies, Paycom, Peoplefluent, PayScale, sumHR, Talentsoft, and Willis Towers Watson.

Commenting on the report, an analyst from the research team said: “One trend in the market is rise in demand for integrated HCM solutions. End-users prefer vendors that provide integrated and converged software suites, as opting for different software may lead to integration issues. Software suites from the same vendor have better integration ability and support other functions. As the increased complexity of network infrastructure has made integration an important buying criterion, solutions with better integration are finding higher adoption.”

According to the report, one driver in the market is demand for automated compensation management processes. The demand for automated compensation management process is one of the major drivers of the market. The automation of compensation planning helps enterprises to simplify processes, reduce paperwork, and offer a centralized place for managing all tasks, which saves the administration costs and time. The implementation of software is gaining prominence among all kinds of enterprises because it helps them gain a greater transparency into rewards and performance of employees and enables enterprises to perform total compensation analysis.

Further, the report states that one challenge in the market is high implementation and maintenance cost. The high cost of deploying on-premises compensation software is one of the major challenges in the market for SMEs and start-ups. The price of the compensation software includes the cost of implementation, training, maintenance, software licensing, system design, and customization. Apart from software licensing, SMEs and start-ups enterprises also need to invest in the proper implementation of the software and training of the employees to use the software application. Post implementation, the software requires continuous upgrading to keep up with the market trends.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • ADP
  • Oracle
  • SAP SuccessFactors
  • Ultimate Software
  • Workday
  • beqom
  • BullseyeEngagement
  • Cornerstone
  • Curo
  • CWS Software
  • Decusoft
  • Execupay
  • Greytip Software
  • Harvest HCM
  • Halogen Software
  • HRsoft
  • JSM Technologies
  • Kinixsys
  • Kronos
  • Lumesse
  • Nitso Technologies
  • Paycom
  • Peoplefluent
  • PayScale
  • sumHR
  • Talentsoft
  • Willis Towers Watson
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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