SAP and Oracle lead the market with SAP at 18% and Oracle at 17%; However, market share is being eroded by aggressive SaaS vendors. Both companies have acquired a Talent Management vendor to directly compete with the SaaS vendors.
HRMS application suites are the largest segment of the $9.5 Billion market for HCM software and account for half of its total revenue. The growth rate is 8.2% compared to the faster-growing talent management segment of 16.5%. SaaS revenue is growing at a 15% rate; thereby unseating traditional ERP deployment models. — Source: Forrester Research.
