According to the latest market research report released by Technavio, the global performance appraisal software market is expected to accelerate at a CAGR of over 8% during the forecast period. The need for 360-degree feedback is one of the key factors triggering the growth of the market.

This research report titled ‘Global Performance Appraisal Software Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

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The market research analysis categorizes the global performance appraisal software market into the following regions:
• Americas
• EMEA
• APAC

In 2017, the Americas accounted for 50% of the global market and is projected to decline to 49% by 2022, exhibiting almost 1% decrease in market share.

Global performance appraisal software market: Top emerging trend

The emergence of cloud computing services to boost growth is an emerging trend in the enterprise application space. The introduction of cloud computing has improved and simplified the capabilities of performance appraisal software. Cloud computing provides central administration and control of all resources and HR-related activities. With cloud computing services, end-users can concentrate on organizational core activities than managing applications. Further, enterprises can establish the rapid deployment model, which enables applications to be scaled quickly to address changing requirements. Thus, with such advantages associated with cloud computing services, the market is expected to have a positive outlook during the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:

Executive Report
• Market Outline
• Global Performance Appraisal Software Market Overview
Market Insights
• Market Sizing and Forecasts
• Market Growth
• Market Drivers and Challenges
• Key Emerging Trends
Market Segmentation Analysis
• Regional comparison (APAC, Americas, and EMEA)
• Key leading countries
Vendor Landscape
• Vendor classification
• Market positioning of vendors
• Competitive scenario
• Analysis of top vendors (Oracle, Saba Software, SAP SuccessFactors, SumTotal System, and Ultimate Software)


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