Global Employee Onboarding Software Market stood at 772.6 Million in 2018 and is anticipated to reach US$ 2,190.2 Million by 2029, expanding at a CAGR of 12.2% during the forecast period. The rapid growth in the demand for automation in HR processes is supplementing the growth of global employee onboarding software market. In addition, with surging market competition, companies lay stress on acquiring better talent process which in return fosters the retention rate of the company. The demand for reducing the time spent on repetitive tasks and maximizing the employee experience is fueling the growth of employment onboarding software market. For instance, the adoption of Enterprise Content Management (ECM) is reducing the work of HR, without hampering the quality of their work. This also forms one of the crucial features of the employee onboarding software, channeling towards reducing new hire paperwork, easing the work of background checks, and helping to organize employment documentation compliance, among others.
Access the Full Report @ https://www.absolutemarketsinsights.com/reports/Employee-Onboarding-Software-Market-2019-2027-279
The smooth transition for new hire facilitated by the software, is driving the growth of employee onboarding software market. The tool’s integration with other enterprise resource planning software (ERPS) such as recruiting process, training tools, etc. is also estimated to propel the demand for Employee Onboarding Software Market during the forecast period. Employee onboarding software ensures a major cut down on paper costs and paper waste. Today when the planet is faced with continuing and widespread threats of climate change, the sustainability factor associated with the employee onboarding software industry is expected to stimulate the market substantially.
In terms of revenue, the global Employee Onboarding Software Market stood at 772.6 Million in 2018 and is anticipated to reach US$ 2,190.2 Million by 2029, expanding at a CAGR of 12.2% during the forecast period.
The detailed research study provides qualitative and quantitative analysis of the global Employee Onboarding Software Market. The employee onboarding software industry has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America
Key Findings of the Report:
- The notable cut-down on excessive paper documentation, is paving way for an eco-friendly alternative in the form of a software platform.
- The software provides flexibility to its wide user base. Some of the companies also offer software compatible with mobile phones. This has made the onboarding process easier and manageable on-the-go.
- Integration of advanced technological solutions such as artificial intelligence, is estimated proliferate the market growth.
- Some of the prominent players operating in the Employee Onboarding Software Market include Ultimate Software, IBM Corporation and Oracle amongst others
Global Employee Onboarding Software Market
By Deployment
- On Premise
- Cloud Based
By End User
- Small and Medium Enterprises
- Large Enterprises
Global Employee Onboarding Software Market By Verticals
- Automotive
- Banking, Financial Services and Insurance (BFSI)
- Energy and Utility
- Government
- Healthcare
- IT and Telecom
- Manufacturing
- Media and entertainment
- Retail and Consumer Goods
- Transportation and Logistics
- Others
By Region:
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Contact Us:
Company: Absolute Markets Insights
Email id: sales@absolutemarketsinsights.com
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
Website: https://www.absolutemarketsinsights.com
