22-Feb-2023 | Market Research Store
Key Insights from Primary Research
- As per the interviews with the CXOs operating in the employee onboarding software market, our analysts intended that employee onboarding software market generated revenue more than USD 700 million in 2019, and they also predict that the market will show enormous growth of more than USD 2100 million till 2026.
- Employee onboarding software market is anticipated to expect a considerable growth of nearly 12% over the forecast period. Our primary connections anticipated that the employee onboarding software market is expected to perceive a significant boost over the forecast period
- Geographically, North America and Europe are dominating the employee onboarding software market. Due to the rising demand for employee onboarding software in the multinational companies of UK and U.S. to achieve efficient automation processes, this region observes the fastest growth.
- Cloud-based segment showed ample growth in employee onboarding software market by accounting a share of nearly 67% in 2019. However, our primary audience predicted that cloud-based segment is anticipated to observe a substantial growth over the foreseeable period.
- Large enterprise segment penetrated the market share by nearly 62% in 2019 and is projected to witness a significant growth in the next few years.
- Considering application, banking, financial services, and insurance (BFSI) segment is contributing a major share in employee onboarding software market which is nearly 25% in 2019 and is expected to grow due to rising industrialization and automation.
Key Recommendations from Analysts
- As per the analyst observations, the cloud-based category is expected to be the fastest-growing deployment mode in the market. By implementing cloud-based employee onboarding software, an organization can achieve efficient in-house IT hardware and support, which in turn, reduces the costs associated with IT support and service.
- Several countries in North-America and Europe dominated the employee onboarding software market. Due to rise in demand in multinational companies, increasing employment rates, and adoption of the automation process, these regions are expected to hold the largest market share.
- Our analysts predict the market to witness the fastest growth in large enterprises as it helps large enterprises to digitize the manual HR processes such as documents for verification, giving tool access to new hires, raising device requests for a large number of employees.
- Global employee onboarding software is expected to observe a significant CAGR of nearly 12% in the coming years and the market is projected to witness numerous opportunities for the new players planning to enter the market.
- As observed; that many companies are tending towards the adoption of the automation process to enhance productivity and improve the workforce process, it is expected to bring lucrative opportunity in the expansion of the employee onboarding software market.
Global Employee Onboarding Software Market Key players:
- Appical B.V.
- Automatic Payroll Systems Inc.
- BambooHR LLC
- Ceridian HCM Inc.
- ClearCompany LLC
- Enborad.Me Pty Ltd.
- IBM Corporation
- Jobvite Inc.
- Oracle Corporation
- Paychex Inc.
- Paycom Software Inc.
- Paycor Inc.
- Paylocity Holding Corporation
- Saba Software Inc.
- SAP SE
- SilkRoad Technology Inc.
- Ultimate Software Group Inc.
- Workday Inc.
- Talmundo
- Zoho Corporation Pvt. Ltd.
The taxonomy of the employee onboarding software industry by its scope and segmentation is as follows:
Global Employee Onboarding Software Market: By Deployment Mode Segment Analysis
- On-premise
- Cloud-based
Global Employee Onboarding Software Market: By End-User Segment Analysis
- Small and Medium Sized Enterprises
- Large Enterprises
Global Employee Onboarding Software Market: By Verticals Segment Analysis
- 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
Global Employee Onboarding Software Market: Regional Segment Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- The U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa