What is Goal Setting Software Market?
Goal Setting Software enables top management of the company to identify and set realistic scientific based sub goals for individuals or employees in sync with the broad organisational aspirations or ambitions. This also proves out to be a great way of driving workplace engagement. The goal setting software provides individuals with insights on skills to be improved and the progress made over the period of time. The growing demand by business to adopt a data driven approach to engage and retain top workers of the organisations has led to significant growth of the goal setting software market. North America and Europe are the two major markets of the goal setting software.
The market study is being classified by Type (On-Premise and Cloud-Based), by Application (Personalised Goals, SMART Goals, Organisation Wide Strategic Goals and Others) and major geographies with country level break-up.
Ultimate Software Group, Inc. (United States), IBM Corporation (United States), SAP SE (Germany), Workday, Inc. (United States), Oracle Corporation (United States), Cornerstone OnDemand, Inc. (United States), Ceridian HCM, Inc. (United States), Symphony Talent LLC (United States), Saba Software, Inc. (United States) and Axiom software Solutions Limited (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ClearCompany (United States), Anaplan Inc. (United States) and Jedox GmbH (Germany).
Analyst at AMA have segmented the market study of Global Goal Setting Software market by Type, Application and Region.
On the basis of geography, the market of Goal Setting Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Emergence of New Data Driven Management Approach
- Rising Adoption of Digital Solutions by Businesses
- Mobile Based Software Solutions are rising in Popularity
- Presence of Large Number of Players in the Market
- SMEs Segment is expected to Drive Major Growth in the Market
- Major Concern about Data Leak due to Rising Incidents of Cyber Attacks
Market Leaders and some development strategies
In 2020, Betterworks, a United States based enterprise software provider specialised in continuous performance management solutions has announced acquisition of Hyphen, which is an innovative employee engagement platform. Every company's capacity to consistently collect actionable insights from its workforce and set goals to drive demonstrable improvements will be greatly enhanced with the use of comprehensive suite of Betterworks combined with Hyphen’s goal setting solutions.
In 2021, Clearlake Capital Group, L.P., a United States based private equity firm has announced acquisition of Cornerstone OnDemand, Inc., an American firm specialising in cloud based people development software services, with the signing of a definitive agreement to acquire. The acquisition valuation is around USD 5.2 billion. With the completion of the deal, Cornerstone would become a private company. Combined synergies of both the companies, would allow Cornerstone to accelerate its SaaS based HR solutions.
Key Target AudienceGoal Setting Software Developers and Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Goal Setting Software Market?
"Emergence of New Data Driven Management Approach
" is seen as one of major growth factors of Goal Setting Software Market in years to come.
2. Can we have customized study for Goal Setting Software Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Goal Setting Software Market?
will lead the Goal Setting Software Market.