About Compensation Software
Compensation software automates, organizes, and simplifies complex compensation planning and enables managers to increase accuracy, improve budget allocations, and align compensation decisions with organizational guidelines. Enterprises are implementing compensation software to make better compensation decisions while reducing cycle times with up-to-date, accurate, and auditable processes. The adoption of compensation software is increasing in small enterprises and startups because it shortens compensation cycles for the most complex compensation planning.
Technavio’s analysts forecast the global compensation software market to grow at a CAGR of 8.77% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global compensation software market for 2017-2021. To calculate the market size, the report considers revenue generated from the sale of compensation/payroll software license, maintenance and support, installation, customization, and training.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Compensation Software Market 2017-2021, 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 vendors
• ADP
• Oracle
• SAP SuccessFactors
• Ultimate Software
• Workday
Other prominent vendors
• beqom
• BullseyeEngagement
• Cornerstone
• Curo
• CWS Software
• Decusoft
• Execupay
• Greytip Software
• Harvest HCM
• Halogen Software
• HRsoft
• JSM Technologies
• Kinixsys
• Kronos
• Lumesse
• Nitso Technologies
• Paycom
• Peoplefluent
• PayScale
• sumHR
• Talentsoft
• Willis Towers Watson
Market driver
• Demand for automated compensation management processes
• For a full, detailed list, view our report
Market challenge
• High implementation and maintenance cost
• For a full, detailed list, view our report
Market trend
• Rise in demand for integrated HCM solutions
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
PART 05: Economic overview
• Global economic overview and its impact on the market and vendors
PART 06: Market landscape
• Market overview
• Market assumptions
• Global HCM software market
• Share of compensation software in global HCM software market
• Global compensation software market
• Five forces analysis
PART 07: Market segmentation by deployment model
• Global compensation software market by deployment model
• Global on-premises compensation software market
• Global cloud-based compensation software market
PART 08: Geographical segmentation
• Global compensation software market by geography
• Americas
• EMEA
• APAC
PART 09: Buying criteria
• Buying criteria for compensation software
PART 10: Decision framework
PART 11: Drivers and challenges
• Market drivers
• Market challenges
PART 12: Market trends
• Rise in demand for integrated HCM solutions
• Accessibility to mobile applications
• Increasing adoption of digital HR technology
PART 13: Vendor landscape
• Competitive scenario
• Vendor matrix
• Competitive rating
• Other prominent vendors
PART 14: Key vendor profiles
• ADP
• Oracle
• SAP SuccessFactors
• Ultimate Software
• Workday
PART 15: Mergers and acquisitions
• Mergers and acquisitions in the market
PART 16: Appendix
• List of abbreviations
List of Exhibits
Exhibit 01: Overview of HCM
Exhibit 02: Market assumptions
Exhibit 03: Global HCM software market 2016-2021 ($ billions)
Exhibit 04: Share of compensation software in global HCM software market 2016-2021 (% share of revenue)
Exhibit 05: Global compensation software market 2016-2021 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Deployment models
Exhibit 08: Global compensation software market by deployment 2016-2021 (% share of revenue)
Exhibit 09: Global on-premises compensation software market 2016-2021 ($ billions)
Exhibit 10: Global cloud-based compensation software market 2016-2021 ($ billions)
Exhibit 11: Differences between on-premises and cloud-based compensation software
Exhibit 12: Global compensation software by geography 2016-2021 (% share of revenue)
Exhibit 13: Global compensation software market by geography 2016-2021 ($ billions)
Exhibit 14: Buying criteria for compensation software
Exhibit 15: Open-source compensation software
Exhibit 16: Competitive factors among vendors in market
Exhibit 17: Product offerings
Exhibit 18: Features
Exhibit 19: Deployment model
Exhibit 20: Support
Exhibit 21: Training
Exhibit 22: Customer size
Exhibit 23: Geographical presence
Exhibit 24: Competitive rating
Exhibit 25: Other prominent vendors
Exhibit 26: ADP: Key products and features
Exhibit 27: Oracle: Key products and features
Exhibit 28: SAP SuccessFactors: Key products and features
Exhibit 29: Ultimate Software: Key products and features
Exhibit 30: Workday: Key products and features
Exhibit 31: Mergers and acquisitions in the global compensation software market
