Europe Compensation Software Market 2020-2030

Europe compensation software market accounted for $135.2 million in 2019 and will grow by 6.4% annually over 2020-2030 owing to the rising adoption of automated and digital HR tech

Sales compensation software automates the accounting and administration of commissions and incentive plans based on several customizable rules such as employee role, tenure, or sale type. The software also provides salespeople a detailed look into past earnings and forecasted revenue. Europe compensation software market accounted for $135.2 million in 2019 and will grow by 6.4% annually over 2020-2030 owing to the rising adoption of automated and digital HR technology amongst organizations. Compensation software is used to track the data so gathered, which is then used to calculate salary compensation of the employees. The Compensation software is superior to on-premises software, and offers benefits such as cost-effectiveness. The Compensation software market is driven due to features such as secured cloud backup of data, ease of system enhancements & updates, and advantages over on-premise solutions. Nevertheless, regulatory compliances and synchronizing domestic HR processes with global HR standards are the factors that hinder the market growth significantly. The Compensation software market is a competitive environment, as there are many large players within the business landscape. The Compensation software market growth would be moderate due to the number of SMEs that have initiated deployment of Compensation solutions. Based on Organization Sizes, the market report segments the market into Small & Medium Enterprises and Large Enterprises. Based on Verticals, the Europe Compensation Software market segments the market into Retail, BFSI, Healthcare, Manufacturing, Telecom & IT, and Others. The expansion of the European compensation software business is being driven by vendors' pricing tactics. In order to survive in a cutthroat market environment, software vendors are implementing customer-centric pricing strategies that are made possible by technological advancements. Customers focus on certain economic and market variables while adopting the software, such as ROI, the option to choose free models, and the constrained IT expenditures. Vendors must consider the diverse budgets and pricing preferences of their customers. Vendors have been forced to review their software pricing and delivery practises due to the high cost of the software and constrained IT budgets. Following the global trend, the development of the European compensation software business is also being hampered by the high implementation and maintenance expenses. The cost of the compensation software covers the cost of system design, customisation, software licencing, implementation, training, and maintenance. SMEs and new businesses should spend money on employee training and proper software deployment. The software needs to be updated frequently to stay current with consumer trends. All of these elements raise the overall cost of implementing compensation software, which has a negative impact on SMEs and start-ups' willingness to embrace it. This could thus have an impact on market growth during the projection period. An emerging trend in the Europe compensation software market is growing preference of organizations toward utilization of digital HR technology. Smartphones have emerged as preferable channel of work for employees for the purpose of adoption of HR technologies that require communication and updating for tasks like attendance policies, reminders for meetings, communication of information about new regulations in the organization, and so on. It is expected that this trend will continue in times to come and will boost the global compensation software market. The rise in growth of IT sectors, rise in demand for compensation management software owing to its wide range of features for instance salary and commission tracking, forecasting &approval workflow, executive compensation, salary review and policy among others along with vendors focusing and providing compensation management software intelligence to guide compensation decisioning and others are driving the growth of the market.

Covid-19 impact 
The pandemic affected the compensation software market in both a positive and a negative manner. Positively because the social distance restriction, along with, lockdowns which insisted the businesses to enforce work from home also provided for the growth through digitisation of the compensation market. This adoption was majorly seen in the region of Europe with larges companies who could spare finances. While, on the other hand some of  the businesses were trying to cut down any non-essential cost to sustain in these times of economic distress and so were resistant to adopt the high cost of maintenance and time for training the employees. 

Highlighted with 35 tables and 48 figures, this 118-page report “Europe Compensation Software Market 2020-2030 by Offering (Service, Solution), Deployment Mode (Cloud, On Premises), End User, Industry Vertical, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe compensation software market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. 

In-depth qualitative analyses include identification and investigation of the following aspects:
   • Market Structure 
   • Growth Drivers 
   • Restraints and Challenges
   • Emerging Product Trends & Market Opportunities
   • Porter’s Fiver Forces

The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Europe compensation software market in every aspect of the classification from perspectives of Offering, Deployment Mode, End User, Industry Vertical, and Country.  

By Offering 
     • Service
          • Managed Services
          • Professional Services (further segmented into Design and Implementation, Consulting, Training and Education, Support and Maintenance)
     • Solution 

By Deployment Mode 
     • Cloud Based Product
     • On Premises Product

By End User
     • Large Enterprises
     • SMEs
     • Educational Organizations
     • Government Institutions

By Industry Vertical
     • Government
     • BFSI
     • Manufacturing Industry
     • IT and Telecom
     • Retail Industry
     • Energy and Utilities
     • Healthcare Industry
     • Education
     • Other Verticals

By Geography
     • Germany
     • UK
     • France
     • Spain
     • Italy
     • Russia
     • Rest of Europe (further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)

For each country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of key national markets by Offering, Deployment Mode, and Industry Vertical over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Specifically, potential risks associated with investing in Europe compensation software market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players (this may not be a complete list and extra companies can be added upon request): 
ADP, Beqom, Bullseye Engagement LLC, Cornerstone, CuroComp, CWS Software, Decusoft, Greytip Software, Halogen Software, HRToolbench, IBM., Nitso Technologies, Oracle Corporation, PayScale, Inc., PeopleTicker, Saba Software Inc., SAP Success Factors, SecureSheet, The Ultimate Software Group, Inc., Willis Towers Watson, Workday, 

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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Table of Contents

  • 1. Introduction
  • 1.1. Industry Definition and Research Scope
  • 1.1.1. Industry Definition
  • 1.1.2. Research Scope
  • 1.2. Research Methodology
  • 1.2.1. Overview of Market Research Methodology
  • 1.2.2. Market Assumption
  • 1.2.3. Secondary Data
  • 1.2.4. Primary Data
  • 1.2.5. Data Filtration and Model Design
  • 1.2.6. Market Size/Share Estimation
  • 1.2.7. Research Limitations
  • 1.3. Executive Summary
  • 2. Market Overview and Dynamics
  • 2.1. Market Size and Forecast
  • 2.1.1. Impact of COVID-19 on the Market
  • 2.2. Major Growth Drivers
  • 2.3. Market Restraints and Challenges
  • 2.4. Emerging Opportunities and Market Trends
  • 2.5. Porter’s Fiver Forces Analysis
  • 3. Segmentation of Europe Market by Offering
  • 3.1. Market Overview by Offering
  • 3.2. Service
  • 3.2.1. Managed Services
  • 3.2.2. Professional Services
  • 3.3. Solution
  • 4. Segmentation of Europe Market by Deployment Mode
  • 4.1. Market Overview by Deployment Mode
  • 4.2. Cloud Based Product
  • 4.3. On Premises Product
  • 5. Segmentation of Europe Market by End User
  • 5.1. Market Overview by End User
  • 5.2. Large Enterprises
  • 5.3. SMEs
  • 5.4. Educational Organizations
  • 5.5. Government Institutions
  • 6. Segmentation of Europe Market by Industry Vertical
  • 6.1. Market Overview by Industry Vertical
  • 6.2. Government
  • 6.3. BFSI
  • 6.4. Manufacturing Industry
  • 6.5. IT and Telecom
  • 6.6. Retail Industry
  • 6.7. Energy and Utilities
  • 6.8. Healthcare Industry
  • 6.9. Education
  • 6.10. Other Verticals
  • 7. European Market 2019-2030 by Country
  • 7.1. Overview of European Market
  • 7.2. Germany
  • 7.3. UK
  • 7.4. France
  • 7.5. Spain
  • 7.6. Italy
  • 7.7. Russia
  • 7.8. Rest of European Market
  • 8. Competitive Landscape
  • 8.1. Overview of Key Vendors
  • 8.2. New Product Launch, Partnership, Investment, and M&A
  • 8.3. Company Profiles
  • 8.3.1. ADP
  • 8.3.2. Beqom
  • 8.3.3. Bullseye Engagement LLC
  • 8.3.4. Cornerstone
  • 8.3.5. CuroComp
  • 8.3.6. CWS Software
  • 8.3.7. Decusoft
  • 8.3.8. Greytip Software
  • 8.3.9. Halogen Software
  • 8.3.10. HRToolbench
  • 8.3.11. IBM.
  • 8.3.12. Nitso Technologies
  • 8.3.13. Oracle Corporation
  • 8.3.14. PayScale, Inc.
  • 8.3.15. PeopleTicker
  • 8.3.16. Saba Software Inc.
  • 8.3.17. SAP Success Factors
  • 8.3.18. SecureSheet
  • 8.3.19. The Ultimate Software Group, Inc.
  • 8.3.20. Willis Towers Watson
  • 8.3.21. Workday
  • 9 Investing in Europe Market: Risk Assessment and Management
  • 9.1 Risk Evaluation of Europe Market
  • 9.2 Critical Success Factors (CSFs)
  • Related Reports and Products

List of Tables

Table 1. Snapshot of Global Bioelectric Medicine Market, 2020-2030
Table 2. Projection of Global Disease Incidences Treated by Bioelectric Medicine, 2020-2030, million
Table 3. Main Product Trends and Market Opportunities in Global Bioelectric Medicine Market
Table 4. Global Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 5. Global Implantable Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 6. Global Bioelectric Medicine Market: Spinal Cord Stimulators by Application, 2020-2030, $ mn
Table 7. Global Bioelectric Medicine Market: Deep Brain Stimulators by Application, 2020-2030, $ mn
Table 8. Global Bioelectric Medicine Market: Sacral Nerve Stimulators by Application, 2020-2030, $ mn
Table 9. Global Non-invasive Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 10. Global Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 11. Global Bioelectric Medicine Market by Region, 2020-2030, $ mn
Table 12. Total Health Expenditure per capita in PPP International U.S. Dollars by Country
Table 13. Leading National Bioelectric Medicine Market, 2020 and 2030, $ mn
Table 14. North America Bioelectric Medicine Market by Country, 2020-2030, $ mn
Table 15. U.S. Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 16. U.S. Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 17. Canada Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 18. Canada Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 19. Mexico Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 20. Mexico Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 21. Europe Bioelectric Medicine Market by Country, 2020-2030, $ mn
Table 22. Germany Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 23. Germany Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 24. UK Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 25. UK Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 26. France Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 27. France Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 28. Spain Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 29. Spain Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 30. Italy Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 31. Italy Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 32. Russia Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 33. Russia Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 34. Bioelectric Medicine Market in Rest of Europe by Country, 2020-2030, $ mn
Table 35. APAC Bioelectric Medicine Market by Country, 2020-2030, $ mn
Table 36. Japan Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 37. Japan Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 38. China Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 39. China Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 40. Australia Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 41. Australia Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 42. India Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 43. India Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 44. South Korea Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 45. South Korea Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 46. Bioelectric Medicine Market in Rest of APAC by Country, 2020-2030, $ mn
Table 47. South America Bioelectric Medicine Market by Country, 2020-2030, $ mn
Table 48. Argentina Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 49. Argentina Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 50. Brazil Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 51. Brazil Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 52. Chile Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 53. Chile Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 54. MEA Bioelectric Medicine Market by Country, 2020-2030, $ mn
Table 55. UAE Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 56. UAE Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 57. Saudi Arabia Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 58. Saudi Arabia Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 59. South Africa Bioelectric Medicine Market by Product Type, 2020-2030, $ mn
Table 60. South Africa Bioelectric Medicine Market by End User, 2020-2030, $ mn
Table 61. Spinal Cord Stimulation Device Market by Key Vendor, 2020, %
Table 62. Cochlear Implant Market by Key Vendor, 2020, %
Table 63. Pacemaker and ICD Market by Key Vendor, 2020, %
Table 64. FDA Approved Products of Key Vendors, 2020, %
Table 65. Abbott Laboratories: Company Snapshot
Table 66. Abbott Laboratories: Business Segmentation
Table 67. Abbott Laboratories: Product Portfolio
Table 68. Abbott Laboratories: Revenue, 2018-2021, $ mn
Table 69. Abbott Laboratories: Recent Developments
Table 70. Risk Evaluation for Investing in Global Market, 2020-2030
Table 71. Critical Success Factors and Key Takeaways

List of Figures

Figure 1. Research Method Flow Chart
Figure 2. Breakdown of Primary Research
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 4. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030
Figure 5. Europe Compensation Software Market, 2020-2030, $ mn
Figure 6. Impact of COVID-19 on Business
Figure 7. Primary Drivers and Impact Factors of Europe Compensation Software Market
Figure 8. Primary Restraints and Impact Factors of Europe Compensation Software Market
Figure 9. Investment Opportunity Analysis
Figure 10. Porter’s Fiver Forces Analysis of Europe Compensation Software Market
Figure 11. Breakdown of Europe Compensation Software Market by Offering, 2020-2030, % of Revenue
Figure 12. Europe Addressable Market Cap in 2020-2030 by Offering, Value ($ mn) and Share (%)
Figure 13. Europe Compensation Software Market: Service, 2020-2030, $ mn
Figure 14. Europe Compensation Software Market: Managed Services, 2020-2030, $ mn
Figure 15. Europe Compensation Software Market: Professional Services, 2020-2030, $ mn
Figure 16. Europe Compensation Software Market: Solution, 2020-2030, $ mn
Figure 17. Breakdown of Europe Compensation Software Market by Deployment Mode, 2020-2030, % of Sales Revenue
Figure 18. Europe Addressable Market Cap in 2020-2030 by Deployment Mode, Value ($ mn) and Share (%)
Figure 19. Europe Compensation Software Market: Cloud Based Product, 2020-2030, $ mn
Figure 20. Europe Compensation Software Market: On Premises Product, 2020-2030, $ mn
Figure 21. Breakdown of Europe Compensation Software Market by End User, 2020-2030, % of Sales Revenue
Figure 22. Europe Addressable Market Cap in 2020-2030 by End User, Value ($ mn) and Share (%)
Figure 23. Europe Compensation Software Market: Large Enterprises, 2020-2030, $ mn
Figure 24. Europe Compensation Software Market: SMEs, 2020-2030, $ mn
Figure 25. Europe Compensation Software Market: Educational Organizations, 2020-2030, $ mn
Figure 26. Europe Compensation Software Market: Government Institutions, 2020-2030, $ mn
Figure 27. Breakdown of Europe Compensation Software Market by Industry Vertical, 2020-2030, % of Revenue
Figure 28. Europe Addressable Market Cap in 2020-2030 by Industry Vertical, Value ($ mn) and Share (%)
Figure 29. Europe Compensation Software Market: Government, 2020-2030, $ mn
Figure 30. Europe Compensation Software Market: BFSI, 2020-2030, $ mn
Figure 31. Europe Compensation Software Market: Manufacturing Industry, 2020-2030, $ mn
Figure 32. Europe Compensation Software Market: IT and Telecom, 2020-2030, $ mn
Figure 33. Europe Compensation Software Market: Retail Industry, 2020-2030, $ mn
Figure 34. Europe Compensation Software Market: Energy and Utilities, 2020-2030, $ mn
Figure 35. Europe Compensation Software Market: Healthcare Industry, 2020-2030, $ mn
Figure 36. Europe Compensation Software Market: Education, 2020-2030, $ mn
Figure 37. Europe Compensation Software Market: Other Verticals, 2020-2030, $ mn
Figure 38. Breakdown of European Compensation Software Market by Country, 2020 and 2030, % of Revenue
Figure 39. Contribution to Europe 2020-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%)
Figure 40. Compensation Software Market in Germany, 2020-2030, $ mn
Figure 41. Compensation Software Market in UK, 2020-2030, $ mn
Figure 42. Compensation Software Market in France, 2020-2030, $ mn
Figure 43. Compensation Software Market in Spain, 2020-2030, $ mn
Figure 44. Compensation Software Market in Italy, 2020-2030, $ mn
Figure 45. Compensation Software Market in Russia, 2020-2030, $ mn
Figure 46. Compensation Software Market in Rest of Europe, 2020-2030, $ mn
Figure 47. Growth Stage of Europe Compensation Software Industry over the Forecast Period
Figure 48. Features of Popular Compensation Software Products

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Europe Compensation Software Market 2020-2030

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