Global [FURL= https://www.industryarc.com/Report/19336/employee-offboarding-software-market.html]Employee off boarding software market[/FURL] is forecast to reach $769 million by 2025, growing at a CAGR of 8.43% from 2020 to 2025. The market growth is attributed to the factors such as technological advancements, growing digitisation, growing demand from organizations for planning, budgeting, improving efficiency and others boosts the market growth.Key Takeaways
The rising investments and growth of IT infrastructure leverages a positive impact on the market growth of employee off boarding software.
Moreover, growing digital transformations across all end users verticals and rising demand from small & medium enterprises also contributes to the market growth.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=19336[/FURL]
Geography - Segment Analysis
North America region held the highest market share in 2019. The market growth is owing to technological developments, presence of developed countries and key manufacturers in this region. Moreover, growing automotive, BFSI, healthcare, manufacturing and other verticals in this region is dominating the employee off boarding software market. In June 2020, Humi a Toronto based start-up raised $15 Million Series A to further develop HR, payroll software for small and medium-sized businesses. In March 2019, Global human capital management (HCM) Leader Ceridian acquired assets of Clearview Logix and Paysa. Intellectual property from these two deals optimizes the control of the whole workplace lifecycle, including recruiting, employing, charging, deploying and producing employees. Such investments and acquisitions leads to boosts the market growth. Furthermore APAC region is anticipated to have significant market growth during the forecast period 2020-2025.
Drivers – Employee off boarding software market
Intuitive workforce management
Recruiting and attracting quality performers are two of the biggest challenges for companies. This calls for coordinated recruiting programs, off boarding programs, efficient corporate coordination and the creation of workers. Lots of paperwork are involved when any employee leaves the organisation. With the application of software the work becomes easier and digital thereby propelling the market growth.
Market Landscape
Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the employee off-boarding software market. As of 2019, the market for employee off-boarding software market is consolidated with the top players including Oracle, SAP, ADP, Accenture Plc, Ceridian HCM Inc., Kenexa Corporation (IBM), Cognizant Technology Solutions, Halogen Software Inc., PeopleAdmin, and SumTotal Systems Inc., and among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.