(MENAFNEditorial) The report titled 'Healthcare Hr Software Market -Forecast to 2023″ intends to provide in-depth analysis resulting from both quantitative and qualitative analysis by Market Research Future.
Healthcare industry is a labour intensive industry and requires strategic human resource management which involves managerial activities and tasks related to developing and maintaining a qualified workforce. Moreover, the increasing burden of diseases in the Europe and Middle East & Africa have increased the investments and expenditures for healthcare services, resulting in the expansion of the healthcare market into a billion dollar industry. Such prevailing conditions facilitated the development of Europe and Middle East & AfricaHealthcare Hr Software Market. According to the World Bank, the global healthcare expenditure in 2014 was USD 7.82 trillion, which is expected to reach ~USD 9.2 trillion by 2018..The estimated share for Germany in the global healthcare expenditure was about 11.3% share in 2016. Moreover, HR software is only software that provides Software-as-a-Service (SaaS) model which is useful in total employee life-cycle management capabilities, this drives the market growth. Additionally, increasing popularity and awareness regarding the benefits of HR software has led to the ameliorating HR software market during the forecasted period. However, lack of related technology and healthcare infrastructure in the developing countries, rapid increase in cybercrime hampering the data security, and complexity of software usage with unceasing size of the organisations is expected to restrain the market growth during the forecasted period.
TheGlobalis expected to grow at an approximate CAGR of 2.3% during the forecast period.
Segmentation
The European and Middle East & Africa forHealthcare Hr Software Marketis segmented on the basis of type, organization size, and end users.
On the basis of types, the market is segmented into Recruiting, Software-as-a-service (SaaS), Core-HR, Workforce Management and others. The recruiting segment, by type, is sub-segmented into applicant tracking, screening and background check, and others. Similarly, the workforce management segment is sub- segmented into online time keeping, time clock, and others.
On the basis of organization size, the market is segmented into medium businesses, large enterprises, small business, and others.
On the basis of end users, the market is segmented into pharmaceutical industries, hospital and clinics, laboratories, and others.
Key players for market
Paychex Inc. (U.S.), Paycom. (United States), SumTotal Systems, LLC. (U.S.), SAP SE (Germany), Ceridian HCM, Inc. (U.S.), PeopleAdmin, Inc. (U.S), CoreHR (Europe), Kenexa Corporation (U.S.), Oracle (U.S.), SAP SuccessFactors. (U.S.), Ultimate Software (U.S.) and others.
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Regional Analysis
The Europe dominates the European and Middle East & Africa forHealthcare Hr Software Marketowing to a well-developed healthcare sector. Apart from this, increasing global burden of the diseases- cancer, asthma, besides others and increasing healthcare expenditure within the region have collectively boosted the growth of the market in Europe. Moreover, availability of funds for research alongside huge patient population and government support for research & development drives the European market.
On the other hand, the Middle East & Africa has the least share in the Europe and Middle East & Africa market due to presence of poor economy especially in Africa region. Majority of the market of this region is held by the Middle East due to a well-developed healthcare sector and huge healthcare expenditure. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East market. According to the UAE Ministry of Finance in 2016, the Federal Government of the UAE launched Sheikh Mohammed bin Rashid Al Maktoum Fund to Finance Innovation with a worth of USD 0.5 billion. The fund had National Innovation Strategy for the development of new paradigms in healthcare and establishment of biotech industries which will boost the market growth within the region during the forecasted period. However the growth of the Africa market is high due to the presence of opportunities for the development of the market.
Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
…Continued
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