Boston, MA -- (SBWIRE) -- 07/14/2014 -- HRM refers to the process of acquiring, hiring, training, managing, and retaining the workforce to contribute effectively in the business processes of an organization. HRM systems increase the efficiency of the Human Resource division, minimize operational costs, and help companies create a more employee-centric culture. HRM is mainly used to quantify and measure the talent present in an organization, and help streamline its workforce. It also helps organizations maintain competitive advantage by recruiting, managing, and retaining talented personnel. SaaS-based human resource management (HRM) includes deployment of HRM applications such as payroll, personnel, benefits, recruitment, and compliance management as web-based subscription service. It is operated by a third-party organization as opposed to the installation and maintenance of on-premise business systems.

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TechNavio's analysts forecast the Global SaaS-based HRM market will grow at a CAGR of 16.30 percent over the period 2013-2018.

Covered in this Report

The Global SaaS-based HRM market can be segmented into five divisions: Talent Acquisition, Learning Management, Workforce Management, Recruitment Automation, and Performance and Compensation Benefits.

TechNavio's report, the Global SaaS-based HRM Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global SaaS-based HRM market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

- Americas
- EMEA
- APAC

Key Vendors

- Oracle Corp.
- SAP AG
- Ultimate Software Group Inc.
- Workday Inc.

Other Prominent Vendors

- Ascentis
- Automatic Data Processing Inc.
- Ceridian Corp.
- Cornerstone OnDemand Inc.
- Halogen Software Inc.
- iCIMS Inc.
- Infor (Lawson) Global Solutions
- Kenexa Corp.
- Kronos Inc.
- Nuview
- Saba Software Inc.
- SilkRoad Technology Inc.
- SumTotal Systems Inc.

Key Market Driver

- Streamlining HR Function.
- For a full, detailed list, view our report.

Key Market Challenge

- Data Security Concerns.
- For a full, detailed list, view our report.

Key Market Trend

- Increased Demand for SaaS-based HRM in Talent Acquisition Solution.
- For a full, detailed list, view our report.

Key Questions Answered in this Report

- What will the market size be in 2018 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?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Oracle Corp., SAP AG, Ultimate Software Group Inc., Workday Inc., Ascentis, Automatic Data Processing Inc., Ceridian Corp., Cornerstone OnDemand Inc., Halogen Software Inc., iCIMS Inc., Infor (Lawson) GlobalSolutions, Kenexa Corp., Kronos Inc., Nuview, Saba Software Inc., SilkRoad Technology Inc., SumTotal Systems Inc

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