Vietnam Human Resources Software as a Service Market Report
Dublin, May 30, 2022 (GLOBE NEWSWIRE) — Vietnam Human Resource Software as a Service By Business Application (Attendance Management System, Leave Management, Others), By Type, By Organization Size, By Deployment, By End User, By Le Region, by Provinces, Competition, Forecast and Opportunities, 2016-2045 report” has been added to from ResearchAndMarkets.com offer.
Vietnam Human Resource Software-as-a-Service market is expected to register a CAGR of 22.81% during the forecast period to reach a value of USD 4,111.24 million by 2045.
The current trend of digitization of major industry verticals is fueling the demand for software services from all industry sectors. High demand for subscription-based services in organizations and increasing deployment of cloud and mobile services by market players are expected to play a significant role in accelerating the growth of Vietnam HR Software-as-a-Service market over the next five years. .
Organizations are constantly looking for solutions to optimize operating and maintenance costs. Digital subscription solutions provide increased convenience and economic benefits to an organization. The HR software as a service application is subscription-based as it has no licensing fees, which is the main reason for its high adoption by businesses. Big companies demand hosting services based on the capacity of their firewall because they have no security and infrastructure issues.
Based on regional analysis, South Vietnam led the market in 2021 with a market share of 56.54% of the overall market and is expected to maintain its dominance throughout the forecast period. South Vietnam is the leading region in terms of industrialization and modernization as it consists of major cities like Ho Chi Minh City which is the business hub of Vietnam.
Organizations in South Vietnam actively use human resource software to effectively manage manpower and resources. The growing adoption of advanced technologies by organizations is expected to act as a positive factor for the Vietnam HR software-as-a-service market during the forecast period.
Goal of the study:
- To analyze the historical growth in market size of Vietnam Human Resource Software as a Service market from 2016 to 2021.
- Estimate and forecast the market size of Vietnam Human Resource Software as a Service market from 2022-2045 and the growth rate till 2045.
- Classify and forecast the Vietnam Human Resource Software-as-a-Service Market by business application, type, organization size, deployment, end-user, regional distribution and competitive landscape.
- To identify the region or segment dominating in the Vietnam Human Resource Software as a Service market.
- Identify drivers and challenges in Vietnam Human Resource Software-as-a-Service Market.
- Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Vietnam Human Resource Software as a Service Market.
- To identify and analyze the profile of major players operating in the Vietnam Human Resource Software as a Service Market.
- To identify the key sustainable strategies adopted by market players in the Vietnam Human Resource Software as a Service Market.
Key Market Players Operating in the Vietnam Human Resource Software-as-a-Service Market
- WYS Enterprise Solutions Ltd.
- Grove HR Ltd.
- Innotech Vietnam Corporation
- SAP Vietnam Co.Ltd.
- IBM Vietnam Company Ltd.
- International links
- Oracle Vietnam Pte Ltd
- East Horizon Company Limited
- OOC Technology Solutions Joint Stock Company
- Basic enterprise stock company
Years considered for this report:
- Historical years: 2016 – 2020
- Base year: 2021
- Estimated year: 2022
- Forecast period: 2023-2045
Vietnam Human Resource Software-as-a-Service Market, By Business Application:
- Attendance management system
- Leave management
- Payroll management
- Human Resource Management Systems
Vietnam Human Resource Software-as-a-Service Market, By Type:
- Horizontal SaaS
- Vertical SaaS
Vietnam Human Resource Software-as-a-Service Market, By Organization Size:
Vietnam Human Resource Software-as-a-Service Market, By Deployment:
Vietnam Human Resource Software-as-a-Service Market, By End User:
- FDI companies
- Local businesses
- Government enterprises
Vietnam Human Resource Software-as-a-Service Market, By Region:
- South Vietnam
- North Vietnam
- Central Vietnam
Vietnam Human Resource Software-as-a-Service Market, By Province:
- Ho Chi Minh City
- Dong Nai
- Binh Duong
- Hai Phong
- Bac Ninh
- Ba Ria – Vung Tau
- Thanh Hoa Province
- Nghe An
For more information about this report visit https://www.researchandmarkets.com/r/cw8xr7
Vietnam Human Resource Software-as-a-Service Market