Performance Appraisal and Management Software Market: Global Industry Analysis, Size, Growth, Trends and Forecast 2023

Performance appraisal is the process of the evaluation of the employees by the manager. Evaluation is based on the employee's overall contribution to the organization. It also aids in analyzing the abilities and skills of an employee for their future growth. Web-based performance management software system offers performance review, 360-degree feedback, learning content integration and compensation.

Technavios analysts forecast the global performance appraisal and management software market to grow at a CAGR of 8.45% during the period 2016-2020.

Covered in this report 
The report covers the present scenario and the growth prospects of the global performance appraisal and management software market for 2016-2020. To calculate the market size, the report considers the revenue of large, small, and medium enterprises that provide the performance appraisal and management software across the globe.
The market is divided into the following segments based on geography: 
Americas
APAC
EMEA

Technavio's report, Global Performance Appraisal and Management Software Market 2016-2020, 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. 

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Key vendors 
Oracle
Saba
SAP SuccessFactors
SumTotal Systems
Ultimate Software

Other prominent vendors 
Actus
bambooHR
breatheHR
Cornerstone OnDemand
Hirezon Corporation
Impraise
Insperity
Performly
Namely
RedSpotHR.com
Reviewsnap
Trakstar
Zoho Corporation

Market driver 
Need for simplified performance appraisal process
For a full, detailed list, view our report 

Market challenge 
Data security and privacy
For a full, detailed list, view our report 

Market trend 
Replacing traditional appraisal process with new approach
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2020 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? 

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