The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the employee onboarding software market’s growth in recent years?
The rise of the remote work trend is expected to propel the growth of the employee onboarding software market going forward. Remote work refers to a work arrangement where employees perform their job duties outside the traditional office environment, typically from their homes. The rise in remote work trend is due to the desire for greater flexibility, improved work-life balance, and the potential for increased productivity and cost savings. Employee onboarding software allows hiring companies to conduct the onboarding process virtually, from completing paperwork to training sessions. This is especially useful for remote employees who may need the opportunity to attend in-person onboarding sessions. For instance, according to a February 2022 study published by AT&T, a US-based telecommunications company, the percentage of companies adopting a hybrid model of work where workers will do both remote work and work from the office is projected to increase from 42% in 2021 to 81% in 2024. Therefore, the rise in remote work trend is driving the growth of the employee onboarding software market.
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How does the future projection of the employee onboarding software market size compare to its historical growth?
The employee onboarding software market size has grown exponentially in recent years. It will grow from $1.77 billion in 2024 to $2.12 billion in 2025 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to digital transformation, increasing workforce diversity, regulatory compliance requirements, shift towards remote work, focus on employee experience.
The employee onboarding software market size is expected to see rapid growth in the next few years. It will grow to $4.36 billion in 2029 at a compound annual growth rate (CAGR) of 19.7%. The growth in the forecast period can be attributed to growing adoption of AI and automation, expansion of gig economy, emphasis on data security and privacy, integration with HR analytics and insights, rise in mobile workforce. Major trends in the forecast period include enhanced integration with HR analytics and insights, personalized onboarding experiences tailored to individual employee needs, increased emphasis on remote onboarding solutions, implementation of mobile-first onboarding platforms for greater accessibility and flexibility.
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Which key players are shaping the future of the employee onboarding software market?
Major companies operating in the employee onboarding software market are SAP SE, ADP LLC, Workday Inc., Paychex Inc., Paycom Software Inc., Ceridian HCM Inc., Paylocity Corporation, Monday.com Ltd., Paycor Inc., iCIMS Inc., TriNet Zenefits, Bamboo HR LLC, Namely Inc., ClearCompany Inc., GoCo.io Inc., OrangeScape Technologies Ltd., WalkMe Ltd., Click Boarding LLC, Lessonly Inc., Ultimate Software Group Inc., WorkBright LLC, HR Cloud, Talmundo NV, EmployeeConnect Pty Ltd., HROnboard Pty Ltd
What trends will propel the growth and evolution of the employee onboarding software market?
Major companies operating in the employee onboarding software market are adopting strategic partnerships approach to develop innovative employee onboarding software. Strategic partnerships benefit finished vehicle logistics companies by pooling resources and expertise, strengthening research and development, expanding market access, and speeding up commercialization efforts, which together drive innovation and growth within the finished vehicle logistics industry. For instance, in July 2024, Salesforce Inc., a US-based software company, partnered with Workday Inc., a US-based system software company. With this partnership, Salesforce and Workday aim to create a unified, AI-powered employee service agent that streamlines tasks such as onboarding, benefits management, and career development. By integrating Salesforce CRM and Workday’s HR and financial data, the collaboration enhances productivity and provides personalized, efficient support for employees.
Which regions are expected to become dominant players in the employee onboarding software market?
North America was the largest region in the employee onboarding software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the employee onboarding software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the employee onboarding software market, and how are they evolving?
The employee onboarding software market covered in this report is segmented –
1) By Type: Cloud-Based, On-Premises
2) By Application: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
3) By End-User: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecommunications, Government, Energy And Utilities, Healthcare, Manufacturing, Retail And Consumer Goods, Transportation And Logistics, Other End-Users
Subsegments:
1) By Cloud-Based: SaaS (Software As A Service) Onboarding Solutions, Web-Based Onboarding Platforms, Cloud-Hosted Onboarding Solutions
2) By On-Premises: Self-Hosted Onboarding Solutions, On-Premises Integrated Systems, Customized On-Premises Platforms
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How is the employee onboarding software market defined, and what are its core characteristics?
Employee onboarding software refers to a digital platform or application designed to streamline and automate the integration of a new employee into an organization and familiarize them with the company’s culture, policies, procedures, and expectations. The primary goals of employee onboarding are to help new hires feel welcomed, to accelerate productivity and performance, and to facilitate the successful transition into a new role within the organization.
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