TechNavio today launched its report Global SaaS-based HRM Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said; ”The Global Software-as-a-Service (SaaS)-based Human Resource Management (HRM) market is witnessing a major increase in the number of acquisitions. Many global vendors have acquired smaller SaaS-based HRM software providers to enter the Global SaaS-based HRM market. This trend is expected to continue in the next few years because of the presence of numerous smaller players that can be acquired by large players. Since the market is technologically driven, small vendors develop innovative technologies. However, they are unable to scale up their business because of the lack of resources.”
According to the report, one of the main drivers is the increasing demand for SaaS-based HRM in small and medium-sized enterprises (SMEs). Currently, only large enterprises are investing heavily in on-premise HRM solutions. SaaS-based HRM solutions are marketed for their low initial cost compared to on-premise HRM applications. SaaS-based HRM solutions also help in avoiding costly upgrades. Therefore, SMEs are adopting SaaS-based HRM solutions for their HR operations.
Further, the report also discusses that concern about data security is one of the major challenges in this market.
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 players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/xiJ6k
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TechNavio Announces the Publication of its Report – Global SaaS-based HRM Market 2011-2015
