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SaaS-based HRM Market: Demand for Engaging User Interfaces Ups Revenue Earnings in Europe, Observes TMRALBANY, New York, May 12, 2017 /PRNewswire/ -- Transparency Market Research (TMR) has observed that the competitive landscape in the global SaaS based HRM market is mildly fragmented. The leading players, The Sage Group plc, IBM Corporation and ADP, LLC, held a lion's share of 55 in the global market in 2016. The unwavering dominance of these companies is attributable to the best HR information practices. The companies are constantly working on improving their product portfolio to help their customers to better their team's performance through meaningful engagement. The global market is also slated to see to mergers and acquisitions in the over the forecast period as companies focus on expanding their geographical reach. According to the research report, the Europe SaaS based HRM market is likely to be worth US$1,962.1 mn by the end of 2025 from US$4676.2 mn in 2015. The Europe-based market is expected to progress at a CAGR of 11.3% during the forecast period of 2017 and 2025. The growing demand for better user-interfaces is expected to be the key growth driver for the overall market. Germany Stands Out as it Progresses at a CAGR of 13.2% from 2017 to 2025 The solutions offered by the Europe SaaS based HRM market are time and attendance management, workforce management, HR and payroll, integrated solutions, and others such as hiring and scheduling. Of these, the demand for HR and payroll is expected to surpass all other solution segments. Analysts expect this segment to record revenue earnings worth US$595.6 mn by 2025. From a geographic point of view, the Germany is expected to expand at a fastest CAGR of 13.2% over the forecast period. Efficiency of Cloud Services Improves Adoption Rate of SaaS Based HRM Solutions Growing number of installed HRM systems are reaching stagnancy as they bring nothing new the table. These old, on-premise solutions are becoming obsolete and lack technological advancements that are necessary to keep up with modern demands. Thus, the upgradation of HRM systems that are SaaS-based models are expected to favor the market growth in the coming few years. Additionally, the market will also be supported by the growing need for engaging user-interface that offers a consumer-like experience. Get PDF Sample for this Research Report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23897
On the flip side, the global market does face a few challenges that are likely to cause the vendors in the market some setback. SaaS based HRM systems are depended on cloud services, which are highly prone to cyber-attacks, service interruption, data leakage, and service impairment. Unfortunately, this can have a negative impact on the user experience due to unstable network transmissions. The growth of the market is also being threatened by the lack of technical knowledge amongst the human resource management enterprises. However, the increasing pressure on end users to manage human resources issues in a unified manner is expected to open up several opportunities for the global market. Get more information from Research Report Press Release: http://www.transparencymarketresearch.com/pressrelease/europe-saas-based-hrm-market.htm This review is based on the research report, titled "SaaS Based HRM Market (Enterprise Size - Small and Medium Enterprise and Large Enterprise; Solution - Time and Attendance Management, HR and Payroll, Workforce Management, Integrated Solutions, Scheduling, and Hiring; Industry - Banking, Financial Services, and Insurance (BFSI), Healthcare, IT and Telecom, and Manufacturing) - Europe Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025." The Europe SaaS based HRM is segmented as below: Europe SaaS based HRM, By Enterprise Size
Europe SaaS based HRM, By Solution
Europe SaaS based HRM, By Industry
Europe SaaS based HRM, By Country
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About Us: Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement. US Office Contact: Website: http://www.transparencymarketresearch.com 
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