Market Research Reports, Inc. has announced the addition of “Global Performance Appraisal and Management Software Market 2016 - 2020” research report to their website www.MarketResearchReports.com

Lewes, DE -- (SBWire) -- 11/28/2016 --Report forecast the global performance appraisal and management software market to grow at a CAGR of 8.45% during the period 2016-2020.

Performance appraisal is the process of the evaluation of the employees by the manager. Evaluation is based on the employee's overall contribution to the organization. It also aids in analyzing the abilities and skills of an employee for their future growth. Web-based performance management software system offers performance review, 360-degree feedback, learning content integration and compensation.

The report covers the present scenario and the growth prospects of the global performance appraisal and management software market for 2016-2020. To calculate the market size, the report considers the revenue of large, small, and medium enterprises that provide the performance appraisal and management software across the globe.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, need for simplified performance appraisal process will drive the market. The traditional performance management has been criticised because it was a tedious task for managers. Many companies are deploying performance management software to ensure that managers can easily supervise the employee goals and track the progress of the employees

Further, the report states that Open-source recruitment software is posing as stiff competition for on-premises and cloud-based performance appraisal software. It is especially popular in developing economies such as India and China. This is mainly because of inadequate capital to invest in the expensive on-premises and cloud-based performance appraisal software. Thus, open source software tends to be a very economical solution for organizations with limited resources and expertise availability.

Global Performance Appraisal and Management Software Market 2016-2020, 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 players in the global performance appraisal and management software market: Oracle, Saba, SAP SuccessFactors, SumTotal Systems, and Ultimate Software.

Other Prominent Vendors in the market are: Actus, bambooHR, breatheHR, Cornerstone OnDemand, Hirezon Corporation, Impraise, Insperity, Performly, Namely, RedSpotHR.com, Reviewsnap, Trakstar, and Zoho Corporation.

Market driver
- Need for simplified performance appraisal process
- For a full, detailed list, view our report

Market challenge
- Data security and privacy
- For a full, detailed list, view our report

Market trend
- Replacing traditional appraisal process with new approach
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 54 pages and 19 Exhibits "Global Performance Appraisal and Management Software Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Performance appraisal process, Market developments, Market size and forecast, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Buying criteria, Five forces analysis, Vendor landscape, Key vendor profiles, Mergers and acquisitions, Assumptions, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-performance-appraisal-and-management-software-market-2016-2020

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