Global Performance Appraisal Software Market 2018-2022

Global performance appraisal software market overview

Managers are usually required to rank employees on a scale of one to five, or qualitative scale with parameters such as exceeded expectations or met expectations based on employees’ generic competencies and skills. This is resulting in an increased preference for the performance appraisal software or employee feedback software over traditional methods because it helps line managers to provide 360-degree feedback to their employees. Technavio’s market research analysis identifies the growing need for 360 feedback to be one of the key performance appraisal software market drivers that will have a positive impact on the growth of the market. Performance appraisal software or performance evaluation software or employee performance software regularly tracks the performance of employees by monitoring and retaining top performers. Research analysis on the global performance appraisal software market predict that the sector will grow at a CAGR of more than 8% by 2022.

Enterprises are increasingly adopting data integration solutions owing to the rising complexity and data proliferation and growing complications in the deployment and maintenance process of reliable data interfaces. The increasing demand for data integration and visual analytics is identified as one of the key performance appraisal software market trends that will drive the growth prospects for the industry during the estimated period. The performance appraisal software or performance management software or performance management system helps in the real-time decision making by offering on-demand accessibility for the real-time synthesizing of data. This in turn, help enterprises to understand business processes, deliver data, bridge the gap between businesses and IT, monitor, and transform business processes.

Companies covered

Characterized by the presence of several players, the performance appraisal software market appears to be highly fragmented. This industry research report offers information about the competitive environment among the players in this marketspace and also offers an analysis of the companies and their products. Additionally, the report also offers information about the key areas the companies currently focus on and the strategies they follow to sustain the competition.

This research report provides an analysis of various companies in the performance appraisal and management software market including –

• Oracle  
• Saba Software  
• SAP SuccessFactors        
• SumTotal System            
• Ultimate Software          

The performance appraisal software market segmentation by geography

• Americas
• APAC
• EMEA

The performance appraisal software market is witnessing considerable growth in the Americas due to the growth of the IT and manufacturing sectors in the region. The performance appraisal and management software market will continue witness maximum growth in this region throughout the estimated period and this will attribute to factors such as the presence of major vendors and the presence of favorable compliance standards in countries in this region.

Key questions answered in the report include

• What will the performance appraisal software market demand and size, and the growth rate be in 2022?
• What are the key factors driving the global performance appraisal software market?
• What are the key market trends impacting the growth of the global performance appraisal software market?
• What are the challenges to market growth?
• Who are the key vendors in the global performance appraisal software market?
• What are the market opportunities and threats faced by the vendors in the global performance appraisal software market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global performance appraisal software market?

Technavio also offers customization on reports based on specific client requirement.