Global Job Evaluation Software Market Size By Product (Monthly Subscription, Annual Subscription), By Application (SME (Small and Medium Enterprises), Large Enterprise), By Geographic Scope And Forecast

Job Evaluation Software Market Size And Forecast

Job Evaluation Software Market size was valued at USD 2.98 Billion in 2022 and is projected to reach USD 8.85 Billion by 2030, growing at a CAGR of 12.92% from 2023 to 2030.

The increasing demand for Job Evaluation Software in government, schools, and corporations. Large enterprises, one of the Job Evaluation Software industries with the quickest growth rate, are in high demand due to the implementation of knowledge management. Moreover, Job Evaluation Software is used in corporates to perform consistent job evaluation that establishes fair and transparent pay structures, such factors driving the growth of the Job Evaluation Software Market. The Global Job Evaluation Software Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Job Evaluation Software Market Definition

Job evaluation software is an application that assists in evaluating jobs through an objective, systematic process of elimination, creating a measurement and description for each job rather than the person assigned to it. To align compensation strategies, it assesses the relative value of jobs using a consistent set of factors, skills, and requirements. This software is used in the government, schools, and businesses. It eliminates the need for trained personnel and eliminates the need for written Job Descriptions. Each Job Evaluation takes less than 60 minutes to complete.

Global Job Evaluation Software Market Overview

The job evaluation market is anticipated to be driven by the need to identify which roles and tasks are comparable for salary, promotions, lateral moves, transfers, assignments, and assigned work over the upcoming years. The market is anticipated to grow in the upcoming years, necessitating the determination of fair pay or salary grades and other compensation-related decisions. Job evaluation software assists in job creation of job descriptions, job specifications, performance criteria, competencies, and the performance appraisal system. During the anticipated period, this is expected to fuel market growth.

Global Job Evaluation Software Market Segmentation Analysis

The Global Job Evaluation Software Market is segmented on the basis of Product, Application, and Geography.

Job Evaluation Software Market, By Product

• Monthly Subscription
• Annual Subscription

Based on the product, the market is bifurcated into Monthly Subscription and Annual Subscription. The annual subscription segment is expected to hold the largest market share due to its affordability and hiring of employees throughout the year.

Job Evaluation Software Market, By Application

• SMEs (Small and Medium Enterprises)
• Large Enterprise

Based on the application, the market is bifurcated into SME (Small and Medium Enterprises) and Large Enterprise. The large enterprises segment is anticipated to grow with the highest CAGR due to the implementation of knowledge management in large organizations.

Job Evaluation Software Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Based on Geography, the Global Job Evaluation Software Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the Global Job Evaluation Software Market due to the awareness of job evaluation in this region. The region is also analyzed to witness significant growth during the forecast period—growing demand for Job Evaluation Software in SMEs (Small and Medium Enterprises) and Large enterprises.

Key Players

The “Global Job Evaluation Software Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are gradar – job evaluation, IPE System, Career Paths, eComp, Evaluate, Job Evaluation Manager, Jobchart System, Orbit Eval, PAS Dynamics, and PAYgrade.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2022, IBM transformed business operations with the RISE with SAP Solution in an expanded partnership with SAP. As a result of the increased cooperation, IBM has migrated to SAP S/4HANA, the company’s cutting-edge ERP system, to conduct business across more than 120 nations, 1,000 legal entities, and multiple IBM businesses that support software, hardware, consulting, and finance. The project’s primary goal is to streamline company operations using RISE with SAP S/4HANA Cloud, private edition, premium supplier option, and IBM Consulting. It will eventually transfer over 375 TB of data to IBM Power on Red Hat Enterprise Linux on IBM Cloud.
• In August 2021, Zoho launched Canvas, the industry-first design studio, to re-envision the CRM experience for enterprises. Without the involvement of IT or developers, Canvas allows businesses to create their own CRM interfaces that are better suited to each employee’s role. It aids in the transformation of complex CRM implementations into streamlined, contextual employee experiences.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into Active, Cutting Edge, Emerging, and Innovators categories.

Market Attractiveness

The image of market attractiveness provided further helps to get information about the region leading in the Global Job Evaluation Software Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Job Evaluation Software Market, gauge the attractiveness of a particular sector, and assess investment possibilities.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analy