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.

It's amazing how much the need for Job Evaluation Software is growing! You see it everywhere – in government, schools, and even big corporations. And speaking of big, large enterprises are really fueling the growth of this industry, probably because they're all about knowledge management. Plus, companies are using this software to make sure everyone's getting paid fairly and transparently based on their jobs, which is a huge deal. If you want the full scoop, check out the Global Job Evaluation Software Market report. It breaks down all the important stuff like key trends, what's driving the market, what's holding it back, and who's competing out there. It really gives you a complete picture.

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

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Research Methodology of Market Research

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Reasons to Purchase this Report

We're diving deep into the market with both qualitative and quantitative analysis, looking at everything from economic trends to other important factors that help us break down the market. We'll give you hard numbers – market value in USD Billion – for each segment and sub-segment. Plus, we'll pinpoint which region and segment are poised for the fastest growth and which ones are leading the pack. Expect a thorough geographic breakdown, highlighting product/service consumption and the drivers shaping each region's market. You'll also get a competitive landscape view, including market rankings of the big players, recent launches, partnerships, expansions, and acquisitions from the last five years. We'll provide detailed company profiles, complete with overviews, insights, product comparisons, and SWOT analyses. Finally, we'll give you our take on the current and future market outlook, covering growth opportunities, drivers, challenges, and restraints in both emerging and developed regions. Think of it as an in-depth look under the hood.