Between fiscal year 2008 and 2024, Oracle’s total employee number had grown substantially, increasing from around 84,000 to 159,000. Oracle's annual revenues, on the other hand, has reached a record high in FY2023. Oracle Corporation Founded in 1977 by Larry Ellison, the small database start-up has grown into one of the biggest names in the database market around the world. For years, the company’s database products have been some of the most successful and widely used platforms in the industry. Massive growth in the tech industry and increased need for big data storage and analysis tools have transformed the small California start-up into one of the largest companies in the world in terms of market value. Oracle has shown great ability to adapt to the changing tech environment, quickly establishing itself in the cloud services business and constantly improving its database products. Despite the growing presence of free, open-source database software, Oracle’s quality and reputation within the industry has ensured that it remains one of the most popular platforms in the market. The fiscal year end of the company is May, 31st.
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In fiscal year 2025, the total number of employees at Oracle Corporation was 162,000. The employee count increasedby 3,000 from 159,000 (in 2024) to 162,000 (in 2025). It represents a 1.89% year-over-year growth in employee count.
Oracle Corporation Japan employed about 2.26 thousand people as of fiscal year 2024. The number of employees decreased by 141 compared to the previous year. The company primarily engages in the cloud service business, but also offers hardware systems, software products, and related services.
Oracle’s cloud services and license support division is the company’s most profitable business segment, bringing in over ** billion U.S. dollars in its 2024 fiscal year. In that year, Oracle brought in annual revenue of close to ** billion U.S. dollars, its highest revenue figure to date. Oracle Corporation Oracle was founded by Larry Ellison in 1977 as a tech company primarily focused on relational databases. Today, Oracle ranks among the largest companies in the world in terms of market value and serves as the world’s most popular database management system provider. Oracle’s success is not only reflected in its booming sales figures, but also in its growing number of employees: between fiscal year 2008 and 2021, Oracle’s total employee number has grown substantially, increasing from around ****** to *******. Database market The global database market reached a size of ** billion U.S. dollars in 2020. Database Management Systems (DBMSs) provide a platform through which developers can organize, update, and control large databases, with products like Oracle, MySQL, and Microsoft SQL Server being the most widely used in the market.
In 2020, IBM employed 375,300 workers, far more than the other major software companies. Apart from its software businesses, IBM is also a major IT service company, which explains partly its large employee base. Microsoft and Oracle are similar in terms of headcount, with 163,000 and 135,000 employees respectively.
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The global Human Resource (HR) Technology market size is valued at USD 25.16 billion in 2023 and is projected to reach USD 50.19 billion by 2030, growing at a CAGR of 9.2% during the forecast period. HR technology is software which is the crucial technological tools to assist employers in the processes of hiring, engagement, retention of employees, as well well as workforce management and payroll processes. Additionally, it aids in just coordinating high-HR events, eradicates expensive duplications and synchronizes information for decision-making. It might be that some of the existing products utilize artificial intelligence and automation. The human resource system is being supported by technological advancement like the automation of communicative service, talent search, performance management, and more. Such instruments become more relevant with the advancement of remote and flexible work and the constantly changing nature of global business. With the digital transformation driving new territory in the business world, human resource technology solutions help companies explore the changes, make their every day operations easier and sustainable, as well deal with any human resource limitations that come up. Recent developments include: October 2023: Workday expanded its partnership with ADP to provide global compliance, payroll, and HR experiences for joint customers. The partnership aimed to enable the customer to view data across their HCM environments, including tax, compliance, and payroll., September 2023: HiBob collaborated with Papaya Global, a payroll platform provider, to help multinational employers meet the need for compliant HR-integrated payroll solutions. Through the collaboration, HiBob integrated its HR data into Papaya’s platform, allowing employers to integrate PTO, HR, and compensation information with real-time data synchronization and optimize payroll processes., September 2023: The Access Group acquired Diversely, a Singapore-based inclusive recruitment solution company, offering a comprehensive suite, Access Volcanic, to its customers. The website allows organizations to track, measure, and improve diversity, providing recruitment solutions to bring new business, stay compliant, and attract a wider candidate group., August 2023: ADP acquired Honu HR, Inc. DBA Sora (Sora), a data integration and workflow automation tool platform company, to simplify complex HR processes through automation. This acquisition aimed to provide HR solutions by integrating Sora's easy-to-use platform with ADP's HCM solutions for employees, business owners, and HR professionals. , June 2023: Oracle introduced Oracle Fusion Cloud Human Capital Management (HCM) with generative AI-powered capabilities to boost HR functions and productivity. These capabilities are embedded in existing HR processes to enhance HR functions, improve productivity, drive faster business value, facilitate HR strategies, and strengthen candidate and employee experience.. Key drivers for this market are: Increasing Shift to Hybrid Workforce by the Organizations to Drive Market. Potential restraints include: Limited Integration of Data and Risk to Data Privacy May Hamper Market Growth. Notable trends are: Implementation of Employee Experience Platform and Robot Process Automation into the Solution to be the Key Trend for Organizations.
The 2024 fiscal year marked a slight increase in Oracle Corporation’s research and development spending, the yearly total climbing to 8.9 billion U.S. dollars from the 6.5 figure recorded in 2021. Following years of dramatically expanding R&D budgets, the company seems to have slowed R&D budget expansion and stabilized the figure at around seven to eight billion. Oracle Founded in 1977, Oracle is a tech company primarily focused on relational database technology. Today, Oracle ranks among the largest companies in the world in terms of market value and serves as the world’s most popular database management system provider. In addition to its investment into R&D, the company is also known for its use of acquisitions to promote growth, with high profile purchases including Sun Microsystems, PeopleSoft, and NetSuite. Research and Development spending As one of the largest software and computer services companies, Oracle is also among the biggest R&D spenders. However, many of the company’s peers tend to spend far more on R&D, with Alphabet, Microsoft, and Facebook all spending well over ten billion euros in 2019/20.
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The Employee Retention Loyalty Management Software market is projected to reach a value of USD 1,475.6 million by 2033, expanding at a CAGR of 7.9% during the forecast period (2025-2033). The rising need to retain valuable employees and enhance customer loyalty drives market growth. Additionally, the adoption of cloud-based solutions and advancements in data analytics contribute to the market's expansion. Key market players include Loyalty Ventures, Oracle Corporation, IBM Corporation, Kognitiv Corporation (Aimia), SAP SE, Brierley+Partners, Epsilon, Fidelity Information Services, Kobie Marketing, Bond Brand Loyalty, ICF International, Tibco Software, Comarch, and others. These companies offer a wide range of innovative solutions to meet the evolving needs of businesses in various industries. The market is segmented based on type (on-premise, cloud-based), application (BFSI, travel & hospitality, consumer goods & retail, and others), and region (North America, South America, Europe, Middle East & Africa, and Asia Pacific). North America holds a significant market share due to the presence of a large number of technology companies and a high adoption rate of advanced employee retention and loyalty management software.
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Technological progress has fueled online business activity and companies’ resulting demand for new software tools to enhance operations and customer interactions. Their increased investment in technology has fostered considerable revenue growth over recent years for business analytics and enterprise software publishers. However, macroeconomic factors have also induced volatility in revenue. The e-commerce surge and solid GDP growth amid the pandemic recovery raised corporate profit and, in turn, spending on software from various businesses. Many software providers have also been able to keep prices elevated since the need for software has consistently been very high, pushing profit upward since 2022. At the same time, the Federal Reserve's interest rate hikes between 2021 and 2023 to battle inflation led to fears of a recession. This prompted businesses to limit software investments and slowed revenue growth in 2023 and 2024. In late 2024, many economists reached the consensus that the US had achieved the desired soft landing. The industry has also been impacted by various long-term trends. The shift to cloud-based solutions, accelerated by the need to boost IT security during pandemic-induced lockdowns, has facilitated the use of advanced analytics and AI that allow companies to harness large data efficiently. Major players have incorporated AI features into their platforms to enhance functionality, driving demand for enterprise software providers’ services. Smaller software publishers, lacking the resources to invest heavily in new technologies, have increasingly focused on niche markets. Acquisition activity has also expanded, with companies like Salesforce and Microsoft expanding capabilities by acquiring specialized firms. Overall, revenue for business analytics and enterprise software publishing businesses has surged at a CAGR of 12.8% over the past five years, and is estimated to reach $253.0 billion in 2025. This includes a projected 5.1% rise in revenue in 2025. Moving forward, demand for business analytics and enterprise software across various sectors is expected to remain strong. However, the market is likely to become saturated, slowing revenue growth. Economic uncertainty, marked by the potential for a recession due to tariffs imposed in early 2025, might constrain software demand from the manufacturing and tech sectors. Cybersecurity investment will rise, with big players like Salesforce and Oracle enhancing defenses. AI integration will present new challenges, necessitating advanced infrastructure and skilled workers, which could increase operating costs for software publishers. Overall, revenue for business analytics and enterprise software publishers is anticipated to soar at a CAGR of 7.5% over the next five years, reaching an estimated $363.0 billion in 2030.
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The talent management software market is expected to grow at a CAGR of 11% during the forecast period. Use of cloud-based talent management software, drivers.2, and drivers.3 are some of the significant factors fueling talent management software market growth.
Use of cloud-based talent management software
The talent management software market in Europe will be driven by enterprises’ digital business initiatives and their need for a central system of employee records. The adoption of cloud-based solutions in Europe is increasing as the region is an early adopter of technologies. The rapid growth of the healthcare, chemical, and retail industries in the region will boost the use of talent management software. The software automates HR functionalities and reduces the workload of HR departments by offering centralized data systems. For instance, Talentsoft Hub provides all employee information on a single page and centralizes all administrative events. It provides data control, data history, data tracking, and compliance with local laws and regulations. The European Telecommunications Standards Institute (ETSI) has introduced standards and regulations for data security and privacy to safeguard organizations. The implementation of the General Data Protection Regulation (GDPR) mandates data protection, and the data about European citizens must be stored with the European Union (EU). Cloud service providers must ensure that they comply with the GDPR. These regulations are to be implemented across industries, which will drive the growth in the adoption of cloud-based talent management software during the forecast period. The UK, Germany, France, and Spain are the major revenue contributors to the market in the region. The growth in the number of SMEs and start-ups will also drive the market, particularly for cloud-based software.
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The Field Service Management (FSM) Software industry benefits from rising demand for FSM tools, with a critical shortage of skilled field service technicians stemming from an aging workforce and a slow stream of new entrants. These challenges have catalyzed an industry-wide response, creating distinct trends driving demand for sophisticated FSM solutions. Companies are progressively adopting a blended workforce model, bringing together full-time employees, gig workers and subcontractors. This new model offers operational flexibility and has triggered an immediate need for specialized tools to effectively manage such diverse teams. In response, FSM software vendors are concentrating on developing tools that seamlessly streamline workforce management. Overall, industry revenue will climb at a CAGR of 7.5% to $2.8 billion through the end of 2025, including an 8.4% uptick in 2025 alone. Demand for mobile integration is proving to be a game-changer in the industry. Businesses want to replace traditional paper-based processes with real-time, digital alternatives, enabling efficient, instant, remote operations. FSM solutions fit this bill by merging GPS tracking, AI-powered scheduling and cloud-based communication to enhance dispatching procedures, documentation tasks and customer interactions. Parallely, as macroeconomic factors such as inflation and reduced venture capital pose challenges, FSM software providers are refocusing their strategies. Cost-efficiency is paramount for buyers in the present state, prompting vendors to adopt flexible pricing strategies, including subscription tiers and usage-based billing, which are increasingly driving customer acquisition and retention. The current set of challenges faced by the FSM industry has spurred trends that are, in turn, boosting demand for field service management software providers. Profit has climbed in line with robust revenue growth. Technological transformation and cloud-based platforms are poised to become commonplace in the FSM software industry, offering scalability, remote accessibility and cost efficiency. Low-code and no-code platforms will enjoy popular favor, empowering non-technical managers and frontline workers to rapidly address operational gaps and respond to evolving business needs. In addition, stricter regulatory requirements and proliferating use of connected medical devices are set to make healthcare a crucial market for FSM software. As businesses increasingly outsource field operations to contractors, service contract management will become central, necessitating FSM tools that unify in-house and contractor workflows. This blend of technological adoption and evolving business practices indicates a promising future for the FSM software industry. Industry revenue will gain at a CAGR of 7.5% to $4.4 billion through the end of 2030.
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The E-commerce Software Market size was valued at USD 7.71 billion in 2023 and is projected to reach USD 20.89 billion by 2032, exhibiting a CAGR of 15.3 % during the forecasts period. EE-commerce software is application software that allows business organizations or sellers to establish and operate online trading businesses. It comprises elements such asa product a product catalog, extended payment processing, checkout options, and other related customer service features. There are a number of attributes that are associated with e-commerce software; they include the following:: easy to use; easy to customizecustomize with templates; inventory controlsystems; and systems; and several payment portal options. It invariably enhances the overall support of tools such as SEO, email marketing, and social media connectionsconnections, among others, to expandthe customer the customer base for business ventures. follows: The benefits thatthat have made people change over to the use of e-commerce software are as follows: It enables organizations to have global access,users with users with global timings,timings, and lowerlower overhead expenses compared to physical market stores. It also includes useful features such as analytics, reporting,reporting, necessary sales,sales, and customer behavior to makebusiness decisions business decisions with high effectiveness. Recent developments include: In July 2023, the National Cooperative Union of India (NCUI) and Google Cloud worked together to create an app that intends to deliver scalable, user-friendly technology for the cooperatives' economic empowerment. This app enables cooperatives to market their goods globally without the use of intermediaries. , In June 2023, Google partnered with Open Network for Digital Commerce (ONDC). As a part of this partnership, Google announced the launch of an accelerator program for ONDC to help firms with various tools and resources in building and measuring their e-commerce operations. , In April 2023, Reliance Retail introduced Tira, an omni-channel retail platform for beauty products. Tira offers a convenient and personalized purchasing experience to users. It is a go-to location for both international and domestic brands, which it delivers through its omnichannel retail strategy. , In July 2022, Shopify Inc., a provider of important internet infrastructure for commerce, finalized the acquisition of Deliverr, Inc. Shopify Fulfillment Network (SFN) provides retailers with a one-stop shop for all of their logistics requirements, from initial inventory receipt to intelligent distribution, via quick delivery and simple returns. , In January 2022, to automate its marketing platform with dependable and adaptable AI-driven technological solutions, YESSTYLE.COM LTD., an online retailer of clothing, accessories, cosmetics, and lifestyle goods, chose Oracle Fusion Cloud Customer Experience (CX). Under Oracle Cloud CX, the company is leveraging Oracle Infinity Behavioral Intelligence, Oracle Audience Segmentation, and Oracle Responsys Campaign Management to combine all current customer and prospective marketing signals and launch cross-channel marketing programs. , In February 2021, a leading provider of IT services and technology solutions, SONATA SOFTWARE, collaborated with Microsoft to introduce "Microsoft Cloud for Retail." The collaboration with Microsoft Cloud for Retail focuses on the usage of data to enhance the shopping experience, create real-time and sustainable supply chains, and empower store employees to improve their capabilities further. .
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 20.86(USD Billion) |
MARKET SIZE 2024 | 22.76(USD Billion) |
MARKET SIZE 2032 | 45.67(USD Billion) |
SEGMENTS COVERED | Deployment Model ,Industry Vertical ,Organization Size ,Functionality ,End-User Type ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | 1 Rising Demand for Personalized Development 2 Integration with Learning Management Systems 3 Focus on DataDriven Insights 4 Increased Adoption of CloudBased Solutions 5 Growing Importance of Employee Engagement |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Gusto ,SuccessFactors ,Zenefits ,Oracle Corporation ,Cornerstone OnDemand ,IBM ,ADP ,Namely ,Rippling ,Insperity ,Workday ,Adobe System ,Saba Software ,LinkedIn ,SAP |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | AIpowered training Learning experience personalization Mobilefirst learning Data analytics and insights Integration with other HR systems |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.09% (2024 - 2032) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 20.39(USD Billion) |
MARKET SIZE 2024 | 23.77(USD Billion) |
MARKET SIZE 2032 | 81.13(USD Billion) |
SEGMENTS COVERED | Deployment Model ,Cloud Platform ,Application Type ,Vertical Sector ,Key Features ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | 1 Rising demand for efficient citizen services 2 Increasing adoption of cloudbased solutions 3 Need for improved government transparency and accountability 4 Growing focus on citizen engagement and participation 5 Focus on cost reduction and optimization |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Adobe Systems Incorporated ,Accenture PLC ,KPMG International Limited ,Microsoft Corporation ,Amazon Web Services, Inc. ,Salesforce.com ,ServiceNow, Inc. ,Deloitte Touche Tohmatsu Limited ,PwC ,Oracle Corporation ,Ernst & Young Global Limited ,SAP SENewparaIBM Corporation ,DXC Technology Company ,Google LLC |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Enhance citizen engagement Improve operational efficiency Foster datadriven decisionmaking |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 16.58% (2024 - 2032) |
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The Software Development industry has made considerable progress over the past decade, as businesses and individuals have become reliant on electronic devices in many aspects of everyday lives. Online access to news, social media, video and other websites, as well as automated client relationships and advertising software, is now integral to modern culture. Software developers' revenue is expected to climb at a compound annual rate of 3.1% over the five years through 2024-25 to £45.8 billion. The adoption of cloud computing and software as a service (SaaS) models has spurred consistent revenue growth, with the number of dedicated SaaS businesses surging. The years through 2024-25 saw the private sector championing demand for innovative applications that enhance operational efficiency and security. The rapid hike in IT and telecommunications adoption, most notably the adoption of smartphones and tablet computers, has driven the industry's growth in recent years. Economy-wide trends in business software investment have been a key determinant of industry performance. Despite a broader economic slowdown, businesses' reliance on cloud-based technologies to facilitate remote work arrangements was key to buoying sales and subscriptions. Mobile technology, cloud software and fintech have flourished, supporting industry growth. However, higher interest rates have made borrowing costlier, thereby tightening companies' investment budgets. This financial pressure has resulted in a more cautious approach to new software development initiatives, prioritising essential over exploratory projects, with revenue growth set to inch upwards by 2% in 2024-25, with industry profit also trending upwards. Over the five years through 2029-30, revenue is expected to swell at a compound annual rate of 2.8% to £52.6 billion. The proliferation of smartphones and e-commerce growth will expand the industry in the coming years. As businesses continue digitising operations, sales of sophisticated software solutions are set to intensify. The anticipated expansion of 5G networks will play a pivotal role, driving demand for data processing and edge computing. However, challenges loom with the greater burden of corporation tax rate potentially impacting profit. UK technology companies will likely find it increasingly difficult to recruit skilled employees and operate within an inward-turning economy. However, new technologies like cloud computing are likely to support industry expansion through more challenging conditions. These emerging niche technologies will attract new entrants to the industry. Large developers will likely absorb some smaller companies to expand their specialisation in new and lucrative segments. The UK remains a fertile ground for software innovation, ensuring the industry remains crucial to the economy's digital future.
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The Performance and Goal Management (PGM) market is experiencing robust growth, fueled by the increasing need for improved employee productivity, enhanced organizational performance, and the adoption of digital transformation strategies across various industries. The market, estimated at $XX million in 2025, is projected to maintain a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033. This growth is driven by several key factors, including the rising adoption of cloud-based PGM solutions offering scalability and accessibility, the increasing demand for real-time performance monitoring and feedback mechanisms, and a growing focus on aligning individual goals with broader organizational objectives. Furthermore, the integration of AI and machine learning capabilities within PGM platforms is enhancing predictive analytics and automating processes, leading to greater efficiency and improved decision-making. Companies are increasingly investing in these advanced technologies to streamline their performance management processes and gain a competitive edge. Major players like Oracle, SAP, Unit4, IBM Corporation, UKG Inc, ServiceNow, Cornerstone, Workday Inc, Anaplan Inc, and Planful are driving innovation and competition within the market. However, challenges remain. The complexities associated with implementing and integrating PGM systems within existing HR infrastructures can hinder adoption. Moreover, concerns about data privacy and security, along with the need for ongoing training and support, can pose obstacles to wider market penetration. Despite these restraints, the long-term growth trajectory remains positive, driven by the continued demand for robust and effective performance management solutions that foster employee engagement and drive organizational success. The market segmentation (although not explicitly provided) likely includes solutions categorized by deployment type (cloud, on-premise), industry vertical, and organizational size. Further research into these segments will reveal more nuanced market dynamics. Recent developments include: March 2022: IBM introduced new solutions with Flexera and IBM Turbonomic Application Resource Management (ARM) to assist enterprises in using automation to streamline IT asset management. The new technologies are designed to help organizations cut expenses while automating the increasingly complicated responsibilities of software licensing compliance and optimization., March 2022: SAP SE announced the acquisition of a majority stake in Taulia, a prominent provider of working capital management solutions. This acquisition further expands SAP's business network and strengthens SAP's solutions for the CFO office., November 2022: UKG Inc, a prominent provider of HR, payroll, and workforce management solutions, announced the purchase of Quorbit, a United Kingdom startup specializing in long-term workforce planning solutions for individuals in frontline and hourly positions. This purchase will assist businesses in achieving new levels of operational excellence by combining strategic planning with employee development.. Key drivers for this market are: Market is Fueled by the Innovation in Information Technology due to Growth of Mobile Apps, Analytics and Focus on Team-Centric Management by the Organisations, Innovation of Cloud Storage as Many Vendors have Integrated their Performance Management Software with Cloud which is Easier for Implementation for the Organisations. Potential restraints include: Market is Fueled by the Innovation in Information Technology due to Growth of Mobile Apps, Analytics and Focus on Team-Centric Management by the Organisations, Innovation of Cloud Storage as Many Vendors have Integrated their Performance Management Software with Cloud which is Easier for Implementation for the Organisations. Notable trends are: Growing Demand for Cloud Technology.
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According to Cognitive Market Research, The Global SD-WAN market size is USD 3.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 32.50% from 2023 to 2030.
The demand for SD-WANs is increasing due to rising cloud computing investments, heightened cyber security awareness, increased smartphone and mobile internet usage, and extensive digitization.
The solution market's demand for SD-WANs remains high because its enhanced insight into network traffic aids in detecting and reducing security risks.
The on-premises held the highest SD-WAN market revenue share in 2023.
Asia-Pacific SD-WAN will continue to lead, whereas the Middle East and Africa SD-WAN market will experience the most substantial growth until 2030.
Increasing the Use of Cloud Computing is Driving the Market Output
The increasing prevalence of cloud services is a key driver because of the growing number of companies utilizing cloud services. SD-WAN solutions provide secure and efficient connectivity to cloud applications. These solutions solve the problems that traditional WAN architectures have when it comes to supporting cloud-based workloads. With more and more people working remotely, there is a growing need for SD-WAN solutions to guarantee remote employees can access corporate resources and applications reliably and securely. This need will likely be a significant driving force of the SD-WAN market throughout the forecast period.
For instance, in April 2023, Aryaka, the market leader in unified SASE solutions, launched a new global Managed SASE offering in collaboration with Check Point Software Technologies. This offering combines Aryaka's SD-WAN with Check Point Harmony Connect, a cloud security solution, and Check Point Quantum Edge, a virtualized next-generation firewall, for on-premise security.
(Source:www.aryaka.com/press/aryaka-checkpoint-global-managed-sase/)
Increasing Reliance on Cutting-edge Technologies to Propel Market Growth
The global SD-WAN business is experiencing growth due to many information technology procedures incorporating AI, including configuration management and root cause analysis. Smart data-WAN systems powered by AI can automate critical IT processes like fault checking, isolating, event prediction, cleanup, analysis of trends, and bandwidth efficiency. Market share for software-defined wide area networks is projected to increase due to the increasing number of businesses utilizing innovative technology over the forecast.
For instance, in November 2023, Oracle and Microsoft announced a multi-year agreement to serve the rapidly expanding AI services market. Microsoft is inferencing AI models tailored to support Microsoft Bing conversational searches regularly utilizing Oracle Cloud Infrastructure and Microsoft Azure AI infrastructure.
Growing demand amongst businesses for a centralised network management system
Market Dynamics of SD WAN
Increase Concerns about Safety to Restrict Market Growth
SD-WAN higher concern about security is likely to affect its demand. Due to the increased use of internet lines for connectivity, organizations are potentially exposed to extra security concerns, even though SD-WAN has built-in security safeguards. As SD-WAN depends on internet connections, which might not be as dependable as conventional MPLS links, organizations must establish strong security procedures to safeguard against such dangers. Keeping a steady network running can be difficult for organizations operating in regions with spotty or unpredictable internet service, which will hamper the market growth in the coming years.
Impact of COVID–19 on the SD WAN Market
Due to lockdowns, organizations' widespread use of SD-WAN was further boosted by the COVID-19 pandemic. Due to stay-at-home directives imposed during the outbreak, businesses were compelled to accelerate their digital transformation plans irrespective of availability. There was a sudden rise in the strain on company networks caused by employees working remotely to contain the virus. With SD-WAN, remote workers could connect safely and reliably to company resources and apps regardless of location. This was especially important during the pandemic when many businesses had to cut costs. The po...
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The size of the Customer Experience Management Market market was valued at USD 12.04 billion in 2023 and is projected to reach USD 38.58 billion by 2032, with an expected CAGR of 18.1 % during the forecast period. Customer experience management (CEM) market deals with the approaches and tools aimed at addressing the effective and efficient customer’s interaction and their relationship with a brand during his/her customer cycle. CEM refers to the process of gathering and analyzing customer data about how to deliver better services, understand their needs and wants better and effectively make them happier. Uses include customer feedback handling, mapping the customer journey and real-time analysis. Some modern tendencies that can be distinguished are the utilization of artificial intelligence and machine learning to anticipate the needs of customers, the focus on the omnichannel approach to make customers’ experience more consistent, and the further development of customer data platforms to provide more pleasant and personalized communication. The market is stimulated by the need to experience the value of the business, as well as create a sustainable customer base. Recent developments include: In November 2023, WPP plc, a company specializes in advertising, and public relations, and technology, collaborated with Sprinklr, enterprise software provider,to develop an integrated artificial intelligence (AI) solution to support end use companies in providing customers with more individualized and consistent experiences via Sprinklr's customer experience management platform (Unified-CXM). , In September 2023, Oracle Corporation, customer experience management provider, announced new capabilities powered by generative AI that would enhance development of connected customer information between its enterprise resource planning (ERP) and customer relationship management (CRM) systems for improved CX customization. , In March 2023, Adobe Inc. announced new AI capabilities to personalize digital experiences in Adobe Experience Cloud. Adobe Sensei GenAI, a copilot for customer experience teams and marketers, is available in the Adobe Experience Cloud for various use cases, such as personalization and asset creation across the customer journey. , In March 2023, SAP SE announced integration of SAP Customer Experience (CX) portfolio to end use customers in various industries such as, automotive, retail. The company would provide CX end-to-end solutions integrating business processes. , In June 2023, Adobe unveiled new advancements around the Adobe Experience Cloud. The company announced the accessibility of Adobe Product Analytics for enterprise customers. It also announced significant enhancements to Adobe Experience Manager, Adobe Mix Modeler, Adobe Journey Optimizer, and Adobe Real-Time Customer Data Platform. , In June 2023, Avaya, a world-leading company in customer experience solutions announced its reworked professional services with the name Avaya Customer Experience Services (ACES), formerly known as Avaya Professional Services. The upgraded approach enables the smooth integration of AI, digital, and cloud technologies to deliver enhanced business outcomes to consumers. , In May 2023, Genesys, a world leader in experience orchestration cloud, announced Genesys Cloud EX solution aimed at engaging, motivating, and empowering the employees. , In May 2023, Medallia, Inc., a world leader in customer & employee experience, announced a strategic partnership with Cresta and expanded its integrations with Five9 and LivePerson. These partnerships are aimed at further strengthening the conversational AI technologies of the company that are used for agent assistance in real-time with customer service teams. , In May 2023, Oracle announced the deployment of its retail solutions on the cloud at Prada Group by combining its digital and physical offerings to get in touch with its customers better and utilize data for delivering an increasingly custom experience. , In May 2023, SAS announced its collaboration with ECXO, a European Customer Experience Organization that is specialized in Customer Experience and focused on the EMEA region. , In April 2023, OpenText announced OpenText Cloud Editions (CE) 23.2, with approximately 75,000 innovations that were introduced in the last year to assist customers in accelerating their cloud-centric digital transformation. .
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The global performance appraisal software market, currently valued at approximately $6.78 billion (2025), is experiencing robust growth. While the provided CAGR is missing, a reasonable estimation, considering the increasing adoption of cloud-based solutions and the rising demand for efficient HR management tools, would place it between 10-15% annually. This growth is driven by several factors including the need for improved employee engagement, enhanced performance management processes, and the increasing adoption of data-driven decision-making in HR. Businesses of all sizes, from small businesses seeking streamlined processes to large enterprises needing robust solutions for performance tracking and development, are contributing to this market expansion. The shift towards cloud-based and web-based solutions offers accessibility, scalability, and cost-effectiveness compared to traditional on-premise systems, further fueling market growth. However, challenges remain, such as the integration of appraisal software with existing HR systems, data security concerns, and the need for user-friendly interfaces that foster employee buy-in. The market is segmented by deployment type (on-premise, cloud-based, web-based) and business size (small, medium, large), with the cloud-based segment expected to dominate in the coming years due to its flexibility and cost advantages. Geographically, North America and Europe currently hold significant market shares, but the Asia-Pacific region is projected to witness substantial growth due to increasing digitalization and a growing awareness of the benefits of performance appraisal software. The competitive landscape is populated by both established players like Oracle, SAP, and Cornerstone OnDemand, and emerging innovative companies. This competition is driving innovation, resulting in the development of more sophisticated features such as automated feedback collection, advanced analytics, and integration with other HR tools. The future growth of the market will depend on several factors, including the continued adoption of cloud-based solutions, the development of more user-friendly and intuitive software, and the increasing demand for data-driven insights in performance management. Addressing security concerns and ensuring seamless integration with existing HR infrastructure will also be critical for continued market expansion. The forecast period of 2025-2033 promises substantial growth as businesses increasingly recognize the value of effective performance management for improved productivity and employee retention.
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The global performance management systems market is projected to reach $4,784.3 million by 2033, exhibiting a 6.1% CAGR from 2025 to 2033. This growth can be attributed to the rising demand for efficient employee performance tracking and management, increased adoption of cloud-based solutions, and the growing need for organizations to align employee performance with strategic objectives. Key market drivers include the rising need for talent management, the increasing adoption of artificial intelligence (AI) and machine learning (ML) in performance management, and the growing need for data-driven decision-making. The market is segmented by type (employee performance management, system performance management, business performance management), application (enterprise, institution, government), and region (North America, Europe, Asia Pacific, Middle East & Africa, South America). The enterprise segment is expected to hold a dominant share in the market due to the increasing adoption of performance management solutions by large organizations. North America is expected to remain the largest regional market due to the presence of a large number of technology companies and the high adoption rate of performance management solutions. Key market players include Actus(tm) Software (UK), ADP, LLC (USA), Cornerstone OnDemand, Inc. (USA), Halogen Software Inc. (Canada), IBM Corporation (USA), and Oracle Corporation (USA).
Between fiscal year 2008 and 2024, Oracle’s total employee number had grown substantially, increasing from around 84,000 to 159,000. Oracle's annual revenues, on the other hand, has reached a record high in FY2023. Oracle Corporation Founded in 1977 by Larry Ellison, the small database start-up has grown into one of the biggest names in the database market around the world. For years, the company’s database products have been some of the most successful and widely used platforms in the industry. Massive growth in the tech industry and increased need for big data storage and analysis tools have transformed the small California start-up into one of the largest companies in the world in terms of market value. Oracle has shown great ability to adapt to the changing tech environment, quickly establishing itself in the cloud services business and constantly improving its database products. Despite the growing presence of free, open-source database software, Oracle’s quality and reputation within the industry has ensured that it remains one of the most popular platforms in the market. The fiscal year end of the company is May, 31st.