Core HR software is also referred to as HCM software, it collects, stores, and manages all human resource activity centrally. The rise in the adoption of advanced data management systems with integrated workforce management, payroll management, talent, and recruitment management among organizations is significantly boosting the growth of the core HR software market. Growing implementation of this software to simplify the HR process, decrease labor cost, and improve productivity that also triggering the growth of the cloud HR software market.
MARKET DYNAMICS
Growing cloud and mobile deployment, and an increase in automation in HR processes are the major factors driving the growth of the core HR software market. However, high complexities associated with legacy system integration is the key hindering factor for the growth of the core HR software market. Moreover, a rise in adoption of core HR software by small and medium-sized enterprises provide lucrative opportunity for the vender of core HR software market.
MARKET SCOPE
The "Global Core HR Software Market Analysis to 2031" is a specialized and in-depth study of the Core HR software industry with a special focus on the global market trend analysis. The report aims to provide an overview Core HR software market with detailed market segmentation as component, type, deployment type, enterprise size, end-user, and geography. The global Core HR software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Core HR software market players and offers key trends and opportunities in the Core HR software market.
MARKET SEGMENTATION
The global Core HR software market is segmented on the basis component, type, deployment type, enterprise size, end-user. On the basis of component the market is segmented as software, services. On the basis of type the market is segmented as learning management, payroll and compensation management, succession planning, pension management, compliance management, benefits and claims management, others. On the basis of deployment type the market is segmented as cloud, on-premises On the basis of enterprise size the market is segmented as small and medium-size enterprises, large enterprises. On the basis of end-user the market is segmented as BFSI, IT and telecom, manufacturing, government, healthcare, energy and utilities, consumer goods and retail, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Core HR software market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The core HR software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting core HR software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the core HR software market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Core HR software market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The core HR software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting core HR software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the core HR software market in these regions.
MARKET PLAYERS
The reports cover key developments in the core HR software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from core HR software market are anticipated to lucrative growth opportunities in the future with the rising demand for core HR software in the global market. Below mentioned is the list of few companies engaged in the core HR software market.
The report also includes the profiles of key Core HR software companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ADP, LLC.
- Ceridian HCM, Inc.
- CoreHR Limited
- Oracle Corporation
- Paychex Inc.
- Paycom
- Paylocity
- SAP SE
- SumTotal Systems, LLC (Skillsoft Corporation)
- Workday, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Core HR Software Market - By Component
1.3.2 Core HR Software Market - By Type
1.3.3 Core HR Software Market - By Deployment Type
1.3.4 Core HR Software Market - By Enterprise Size
1.3.5 Core HR Software Market - By End-user
1.3.6 Core HR Software Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CORE HR SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CORE HR SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CORE HR SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. CORE HR SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. CORE HR SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CORE HR SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 – COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOFTWARE
7.3.1. Overview
7.3.2. Software Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. CORE HR SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. LEARNING MANAGEMENT
8.3.1. Overview
8.3.2. Learning Management Market Forecast and Analysis
8.4. PAYROLL AND COMPENSATION MANAGEMENT
8.4.1. Overview
8.4.2. Payroll and Compensation Management Market Forecast and Analysis
8.5. SUCCESSION PLANNING
8.5.1. Overview
8.5.2. Succession Planning Market Forecast and Analysis
8.6. PENSION MANAGEMENT
8.6.1. Overview
8.6.2. Pension Management Market Forecast and Analysis
8.7. COMPLIANCE MANAGEMENT
8.7.1. Overview
8.7.2. Compliance Management Market Forecast and Analysis
8.8. BENEFITS AND CLAIMS MANAGEMENT
8.8.1. Overview
8.8.2. Benefits and Claims Management Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. CORE HR SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 – DEPLOYMENT TYPE
9.1. OVERVIEW
9.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
9.3. CLOUD
9.3.1. Overview
9.3.2. Cloud Market Forecast and Analysis
9.4. ON-PREMISES
9.4.1. Overview
9.4.2. On-premises Market Forecast and Analysis
10. CORE HR SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 – ENTERPRISE SIZE
10.1. OVERVIEW
10.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
10.3. SMALL AND MEDIUM-SIZE ENTERPRISES
10.3.1. Overview
10.3.2. Small and Medium-Size Enterprises Market Forecast and Analysis
10.4. LARGE ENTERPRISES
10.4.1. Overview
10.4.2. Large Enterprises Market Forecast and Analysis
11. CORE HR SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 – END-USER
11.1. OVERVIEW
11.2. END-USER MARKET FORECASTS AND ANALYSIS
11.3. BFSI
11.3.1. Overview
11.3.2. BFSI Market Forecast and Analysis
11.4. IT AND TELECOM
11.4.1. Overview
11.4.2. IT and Telecom Market Forecast and Analysis
11.5. MANUFACTURING
11.5.1. Overview
11.5.2. Manufacturing Market Forecast and Analysis
11.6. GOVERNMENT
11.6.1. Overview
11.6.2. Government Market Forecast and Analysis
11.7. HEALTHCARE
11.7.1. Overview
11.7.2. Healthcare Market Forecast and Analysis
11.8. ENERGY AND UTILITIES
11.8.1. Overview
11.8.2. Energy and Utilities Market Forecast and Analysis
11.9. CONSUMER GOODS AND RETAIL
11.9.1. Overview
11.9.2. Consumer Goods and Retail Market Forecast and Analysis
11.10. OTHERS
11.10.1. Overview
11.10.2. Others Market Forecast and Analysis
12. CORE HR SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Core HR Software Market Overview
12.1.2 North America Core HR Software Market Forecasts and Analysis
12.1.3 North America Core HR Software Market Forecasts and Analysis - By Component
12.1.4 North America Core HR Software Market Forecasts and Analysis - By Type
12.1.5 North America Core HR Software Market Forecasts and Analysis - By Deployment Type
12.1.6 North America Core HR Software Market Forecasts and Analysis - By Enterprise Size
12.1.7 North America Core HR Software Market Forecasts and Analysis - By End-user
12.1.8 North America Core HR Software Market Forecasts and Analysis - By Countries
12.1.8.1 United States Core HR Software Market
12.1.8.1.1 United States Core HR Software Market by Component
12.1.8.1.2 United States Core HR Software Market by Type
12.1.8.1.3 United States Core HR Software Market by Deployment Type
12.1.8.1.4 United States Core HR Software Market by Enterprise Size
12.1.8.1.5 United States Core HR Software Market by End-user
12.1.8.2 Canada Core HR Software Market
12.1.8.2.1 Canada Core HR Software Market by Component
12.1.8.2.2 Canada Core HR Software Market by Type
12.1.8.2.3 Canada Core HR Software Market by Deployment Type
12.1.8.2.4 Canada Core HR Software Market by Enterprise Size
12.1.8.2.5 Canada Core HR Software Market by End-user
12.1.8.3 Mexico Core HR Software Market
12.1.8.3.1 Mexico Core HR Software Market by Component
12.1.8.3.2 Mexico Core HR Software Market by Type
12.1.8.3.3 Mexico Core HR Software Market by Deployment Type
12.1.8.3.4 Mexico Core HR Software Market by Enterprise Size
12.1.8.3.5 Mexico Core HR Software Market by End-user
12.2. EUROPE
12.2.1 Europe Core HR Software Market Overview
12.2.2 Europe Core HR Software Market Forecasts and Analysis
12.2.3 Europe Core HR Software Market Forecasts and Analysis - By Component
12.2.4 Europe Core HR Software Market Forecasts and Analysis - By Type
12.2.5 Europe Core HR Software Market Forecasts and Analysis - By Deployment Type
12.2.6 Europe Core HR Software Market Forecasts and Analysis - By Enterprise Size
12.2.7 Europe Core HR Software Market Forecasts and Analysis - By End-user
12.2.8 Europe Core HR Software Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Core HR Software Market
12.2.8.1.1 Germany Core HR Software Market by Component
12.2.8.1.2 Germany Core HR Software Market by Type
12.2.8.1.3 Germany Core HR Software Market by Deployment Type
12.2.8.1.4 Germany Core HR Software Market by Enterprise Size
12.2.8.1.5 Germany Core HR Software Market by End-user
12.2.8.2 France Core HR Software Market
12.2.8.2.1 France Core HR Software Market by Component
12.2.8.2.2 France Core HR Software Market by Type
12.2.8.2.3 France Core HR Software Market by Deployment Type
12.2.8.2.4 France Core HR Software Market by Enterprise Size
12.2.8.2.5 France Core HR Software Market by End-user
12.2.8.3 Italy Core HR Software Market
12.2.8.3.1 Italy Core HR Software Market by Component
12.2.8.3.2 Italy Core HR Software Market by Type
12.2.8.3.3 Italy Core HR Software Market by Deployment Type
12.2.8.3.4 Italy Core HR Software Market by Enterprise Size
12.2.8.3.5 Italy Core HR Software Market by End-user
12.2.8.4 United Kingdom Core HR Software Market
12.2.8.4.1 United Kingdom Core HR Software Market by Component
12.2.8.4.2 United Kingdom Core HR Software Market by Type
12.2.8.4.3 United Kingdom Core HR Software Market by Deployment Type
12.2.8.4.4 United Kingdom Core HR Software Market by Enterprise Size
12.2.8.4.5 United Kingdom Core HR Software Market by End-user
12.2.8.5 Russia Core HR Software Market
12.2.8.5.1 Russia Core HR Software Market by Component
12.2.8.5.2 Russia Core HR Software Market by Type
12.2.8.5.3 Russia Core HR Software Market by Deployment Type
12.2.8.5.4 Russia Core HR Software Market by Enterprise Size
12.2.8.5.5 Russia Core HR Software Market by End-user
12.2.8.6 Rest of Europe Core HR Software Market
12.2.8.6.1 Rest of Europe Core HR Software Market by Component
12.2.8.6.2 Rest of Europe Core HR Software Market by Type
12.2.8.6.3 Rest of Europe Core HR Software Market by Deployment Type
12.2.8.6.4 Rest of Europe Core HR Software Market by Enterprise Size
12.2.8.6.5 Rest of Europe Core HR Software Market by End-user
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Core HR Software Market Overview
12.3.2 Asia-Pacific Core HR Software Market Forecasts and Analysis
12.3.3 Asia-Pacific Core HR Software Market Forecasts and Analysis - By Component
12.3.4 Asia-Pacific Core HR Software Market Forecasts and Analysis - By Type
12.3.5 Asia-Pacific Core HR Software Market Forecasts and Analysis - By Deployment Type
12.3.6 Asia-Pacific Core HR Software Market Forecasts and Analysis - By Enterprise Size
12.3.7 Asia-Pacific Core HR Software Market Forecasts and Analysis - By End-user
12.3.8 Asia-Pacific Core HR Software Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Core HR Software Market
12.3.8.1.1 Australia Core HR Software Market by Component
12.3.8.1.2 Australia Core HR Software Market by Type
12.3.8.1.3 Australia Core HR Software Market by Deployment Type
12.3.8.1.4 Australia Core HR Software Market by Enterprise Size
12.3.8.1.5 Australia Core HR Software Market by End-user
12.3.8.2 China Core HR Software Market
12.3.8.2.1 China Core HR Software Market by Component
12.3.8.2.2 China Core HR Software Market by Type
12.3.8.2.3 China Core HR Software Market by Deployment Type
12.3.8.2.4 China Core HR Software Market by Enterprise Size
12.3.8.2.5 China Core HR Software Market by End-user
12.3.8.3 India Core HR Software Market
12.3.8.3.1 India Core HR Software Market by Component
12.3.8.3.2 India Core HR Software Market by Type
12.3.8.3.3 India Core HR Software Market by Deployment Type
12.3.8.3.4 India Core HR Software Market by Enterprise Size
12.3.8.3.5 India Core HR Software Market by End-user
12.3.8.4 Japan Core HR Software Market
12.3.8.4.1 Japan Core HR Software Market by Component
12.3.8.4.2 Japan Core HR Software Market by Type
12.3.8.4.3 Japan Core HR Software Market by Deployment Type
12.3.8.4.4 Japan Core HR Software Market by Enterprise Size
12.3.8.4.5 Japan Core HR Software Market by End-user
12.3.8.5 South Korea Core HR Software Market
12.3.8.5.1 South Korea Core HR Software Market by Component
12.3.8.5.2 South Korea Core HR Software Market by Type
12.3.8.5.3 South Korea Core HR Software Market by Deployment Type
12.3.8.5.4 South Korea Core HR Software Market by Enterprise Size
12.3.8.5.5 South Korea Core HR Software Market by End-user
12.3.8.6 Rest of Asia-Pacific Core HR Software Market
12.3.8.6.1 Rest of Asia-Pacific Core HR Software Market by Component
12.3.8.6.2 Rest of Asia-Pacific Core HR Software Market by Type
12.3.8.6.3 Rest of Asia-Pacific Core HR Software Market by Deployment Type
12.3.8.6.4 Rest of Asia-Pacific Core HR Software Market by Enterprise Size
12.3.8.6.5 Rest of Asia-Pacific Core HR Software Market by End-user
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Core HR Software Market Overview
12.4.2 Middle East and Africa Core HR Software Market Forecasts and Analysis
12.4.3 Middle East and Africa Core HR Software Market Forecasts and Analysis - By Component
12.4.4 Middle East and Africa Core HR Software Market Forecasts and Analysis - By Type
12.4.5 Middle East and Africa Core HR Software Market Forecasts and Analysis - By Deployment Type
12.4.6 Middle East and Africa Core HR Software Market Forecasts and Analysis - By Enterprise Size
12.4.7 Middle East and Africa Core HR Software Market Forecasts and Analysis - By End-user
12.4.8 Middle East and Africa Core HR Software Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Core HR Software Market
12.4.8.1.1 South Africa Core HR Software Market by Component
12.4.8.1.2 South Africa Core HR Software Market by Type
12.4.8.1.3 South Africa Core HR Software Market by Deployment Type
12.4.8.1.4 South Africa Core HR Software Market by Enterprise Size
12.4.8.1.5 South Africa Core HR Software Market by End-user
12.4.8.2 Saudi Arabia Core HR Software Market
12.4.8.2.1 Saudi Arabia Core HR Software Market by Component
12.4.8.2.2 Saudi Arabia Core HR Software Market by Type
12.4.8.2.3 Saudi Arabia Core HR Software Market by Deployment Type
12.4.8.2.4 Saudi Arabia Core HR Software Market by Enterprise Size
12.4.8.2.5 Saudi Arabia Core HR Software Market by End-user
12.4.8.3 U.A.E Core HR Software Market
12.4.8.3.1 U.A.E Core HR Software Market by Component
12.4.8.3.2 U.A.E Core HR Software Market by Type
12.4.8.3.3 U.A.E Core HR Software Market by Deployment Type
12.4.8.3.4 U.A.E Core HR Software Market by Enterprise Size
12.4.8.3.5 U.A.E Core HR Software Market by End-user
12.4.8.4 Rest of Middle East and Africa Core HR Software Market
12.4.8.4.1 Rest of Middle East and Africa Core HR Software Market by Component
12.4.8.4.2 Rest of Middle East and Africa Core HR Software Market by Type
12.4.8.4.3 Rest of Middle East and Africa Core HR Software Market by Deployment Type
12.4.8.4.4 Rest of Middle East and Africa Core HR Software Market by Enterprise Size
12.4.8.4.5 Rest of Middle East and Africa Core HR Software Market by End-user
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Core HR Software Market Overview
12.5.2 South and Central America Core HR Software Market Forecasts and Analysis
12.5.3 South and Central America Core HR Software Market Forecasts and Analysis - By Component
12.5.4 South and Central America Core HR Software Market Forecasts and Analysis - By Type
12.5.5 South and Central America Core HR Software Market Forecasts and Analysis - By Deployment Type
12.5.6 South and Central America Core HR Software Market Forecasts and Analysis - By Enterprise Size
12.5.7 South and Central America Core HR Software Market Forecasts and Analysis - By End-user
12.5.8 South and Central America Core HR Software Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Core HR Software Market
12.5.8.1.1 Brazil Core HR Software Market by Component
12.5.8.1.2 Brazil Core HR Software Market by Type
12.5.8.1.3 Brazil Core HR Software Market by Deployment Type
12.5.8.1.4 Brazil Core HR Software Market by Enterprise Size
12.5.8.1.5 Brazil Core HR Software Market by End-user
12.5.8.2 Argentina Core HR Software Market
12.5.8.2.1 Argentina Core HR Software Market by Component
12.5.8.2.2 Argentina Core HR Software Market by Type
12.5.8.2.3 Argentina Core HR Software Market by Deployment Type
12.5.8.2.4 Argentina Core HR Software Market by Enterprise Size
12.5.8.2.5 Argentina Core HR Software Market by End-user
12.5.8.3 Rest of South and Central America Core HR Software Market
12.5.8.3.1 Rest of South and Central America Core HR Software Market by Component
12.5.8.3.2 Rest of South and Central America Core HR Software Market by Type
12.5.8.3.3 Rest of South and Central America Core HR Software Market by Deployment Type
12.5.8.3.4 Rest of South and Central America Core HR Software Market by Enterprise Size
12.5.8.3.5 Rest of South and Central America Core HR Software Market by End-user
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. CORE HR SOFTWARE MARKET, KEY COMPANY PROFILES
14.1. ADP, LLC.
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. CERIDIAN HCM, INC.
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. COREHR LIMITED
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. ORACLE CORPORATION
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. PAYCHEX INC.
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. PAYCOM
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. PAYLOCITY
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SAP SE
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. SUMTOTAL SYSTEMS, LLC (SKILLSOFT CORPORATION)
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. WORKDAY, INC.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. ADP, LLC.
2. Ceridian HCM, Inc.
3. CoreHR Limited
4. Oracle Corporation
5. Paychex Inc.
6. Paycom
7. Paylocity
8. SAP SE
9. SumTotal Systems, LLC (Skillsoft Corporation)
10. Workday, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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