OKR Software Market Report, by Component Type (Solutions and Services), by Enterprises Type (SMEs and Large Enterprises), by Deployment Type (On-premises and Cloud-based), by Verticals (BFSI, Retail and Ecommerce, Healthcare, IT& Telecom, Manufacturing, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
- Report code : CMI202293 |
- Industry :
Information and Communication Technology
- Published On : Nov 2018 |
- Pages : 122 Pages |
- Format :
Global OKR Software Market - Insights
OKR software is a field of business performance management that allow business enterprises to streamline their overall operations process in various fields, which includes employee engagement and project management and setting timely business goals. Enterprises are effectively implementing these software solutions for managing and evaluating the operational performance of their enterprise in order to efficiently reach their performance goals, enhance business operational efficiency, and maintain transparency across the business processes.
Global OKR Software market is expected to witness significant growth during the forecast period (2018–2026). The market growth of OKR software is majorly attributed to rising demand for effectively managing the overall business operational goals. The implementation OKR software will help to save employees time wasted on maintaining manual data entry and up-gradation of their daily tasks in excel spreadsheet. Furthermore, these software also help businesses to visualize and align their goals, flexibility in goal revision, easy accessibility, and maintaining transparency & discipline among employees regarding their tasks.
Figure 1. Global OKR Software Market Share (%), by Region (2017 & 2026)
Source: Coherent Market Insights, 2016-17
Increasing demand for the cloud-based enterprise performance management tools is expected to aid in growth of the OKR software market
Increasing implementation of cloud-based infrastructure and advanced analytical tools for aligning overall business operations is anticipated to offer lucrative growth opportunities for different end-use industries including BFSI, Retail & eCommerce, Healthcare, IT & Telecom, and Manufacturing, among others. Moreover, adoption of this software is growing significantly, owing to its several benefits such as maintaining transparency in team management, resource management, and enterprise performance management. For instance, Zenefits offers cloud-based human resource information system to their clients including Fireclay Tile, League Network, and EnviroSMART. These enterprises have implemented cloud-based software for streamlining enterprise business operations, owing to its unique features, which includes user dashboards, core human resource management, and administration activity management that helps HR department to modernize their frantic employee on-boarding process.
As per Coherent Market Insights, in 2017, OKR software is anticipated to increase at a rapid pace over the forecast period. This increasing growth is attributed to increasing need for keeping transparency in business strategies and objective. This is another key factor expected to aid in growth of the OKR software market. This software improves business operational efficiencies by automating various business routine tasks, setting timely objectives, and maintain transparency employee’s performance score on the basis of their respective task.
Figure 2. Global OKR Software Market Share (%), By Enterprise Type (2017 & 2026)
Source: Coherent Market Insights, 2016-17
North America is anticipated to hold the largest market share in the OKR software market, while Asia pacific is expected to witness fastest growth over the forecast period. The presence of large number of prominent vendors in North America region and increasing need to automate business processes are some of the key factors driving the market growth. In Asia pacific, the highest growth can be attributed to various factors which include rapid digitalization, economic developments, adoption of advanced technologies, and heavy investment by technology service providers.
Increasing demand for OKR solutions and services among small and medium sized enterprises in emerging economies of Asia Pacific region
In Asia pacific, there is a significant increase in growth of small and medium sized enterprises (SME’s) among various end-use industries, which include IT & Telecom, ITES and BPO, Manufacturing, and Retail. These enterprises are constantly focused on timely meeting their key objective goals/targets of their business sales operations. So, these enterprises are integrating OKR software management tools to streamline over business operation in various fields including sales & marketing, customer support, finance, operations, and human resource management.
Some of the key players operating in the global OKR software market include Wrike, Inc., Peoplefluent, Aha! Labs, Trakstar, Workteam, BirdDogHR, Betterworks, Javelo, Quantum Workplace, Qilo Technologies, and Perdoo GmBH, among others.
The OKR software have witnessed significant adoption in various end-use industries, as this software helps enterprises to streamline various operational processes such as goal management, performance management, and project management, among others. OKR software allows business enterprises to isolate their operational tasks on monthly, quarterly, and yearly basis. Moreover, Lack of awareness and knowledge of OKR software among small and medium-sized enterprises restraints growth of OKR software market.
Market Dynamics
The OKR software market growth is attributed to increasing need among business enterprises to improve, modernize, and maintain transparency in their business operations, which is one of the major driving factor for the OKR software market growth. For instance, human resource department of prominent technology service providers and IT management consulting firms such as Google, Inc., Accenture, have implemented workforce management systems in order to make their employee individual and team goal transparent. Furthermore, increasing usage of OKR solutions to enhance sales operations is supporting growth of the OKR software market.
Key features of the study:
- This report provides in-depth analysis of OKR software market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading market players
- It profiles leading players in the global OKR software market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, OKR software market capital, key developments, strategies, and future plans
- Companies covered as part of this study include Aha! Labs, Betterworks, BirdDogHR, Javelo, Peoplefluent, Perdoo GmBH, Qilo Technologies, Quantum Workplace, Trakstar, Workteam, and Wrike, Inc., among others.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global OKR software market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global OKR software market.
Detailed Segmentation:
- Global OKR Software Market, By Component:
- Solutions
- Services
- Global OKR Software Market, By Deployment:
- On-premise
- Cloud-based
- Global OKR Software Market, By Enterprise Type:
- SME’s
- Large Enterprises
- Global OKR Software Market, By Verticals:
- BFSI
- Retail and eCommerce
- Healthcare
- IT & Telecom
- Manufacturing
- Others
- Global OKR Software Market, By Geography:
- North America
- By Component:
- Solutions
- Services
- By Deployment:
- On-premise
- Cloud-based
- By Enterprise Type:
- SME’s
- Large Enterprises
- By Verticals:
- BFSI
- Retail & eCommerce
- Healthcare
- IT & Telecom
- Manufacturing
- Others
- By Country:
- U.S.
- Canada
- Europe
- By Component:
- Solutions
- Services
- By Deployment:
- On-premise
- Cloud-based
- By Enterprise Type:
- SME’s
- Large Enterprises
- By Verticals:
- BFSI
- Retail & eCommerce
- Healthcare
- IT & Telecom
- Manufacturing
- Others
- By Country:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Component:
- Solutions
- Services
- By Deployment:
- On-premise
- Cloud-based
- By Enterprise Type:
- SME’s
- Large Enterprises
- By Verticals:
- BFSI
- Retail & eCommerce
- Healthcare
- IT & Telecom
- Manufacturing
- Others
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Component:
- Solutions
- Services
- By Deployment:
- On-premise
- Cloud-based
- By Enterprise Type:
- SME’s
- Large Enterprises
- By Verticals:
- BFSI
- Retail & eCommerce
- Healthcare
- IT & Telecom
- Manufacturing
- Others
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Component:
- Solutions
- Services
- By Deployment:
- On-premise
- Cloud-based
- By Enterprise Type:
- SME’s
- Large Enterprises
- By Verticals:
- BFSI
- Retail & eCommerce
- Healthcare
- IT & Telecom
- Manufacturing
- Others
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By Component:
- Solutions
- Services
- By Deployment:
- On-premise
- Cloud-based
- By Enterprise Type:
- SME’s
- Large Enterprises
- By Verticals:
- BFSI
- Retail & eCommerce
- Healthcare
- IT & Telecom
- Manufacturing
- Others
- By Country:
- Northern Africa
- Central Africa
- South Africa
- Company Profiles
- Aha! Labs
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Betterworks
- BirdDogHR
- Javelo
- Peoplefluent
- Perdoo GmBH
- Qilo Technologies
- Quantum Workplace
- Trakstar
- Workteam
- Wrike, Inc.
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Component
- Market Snippet, By Deployment Type
- Market Snippet, By Enterprise Type
- Market Snippet, By Verticals
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Value Chain Analysis
- Porter’s Analysis
- PEST Analysis
- Global OKR Software Market, By Component, 2018-2026 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Segment Trends
- Solutions
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Services
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Global OKR Software Market, By Deployment, 2018-2026 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Segment Trends
- On-premise
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Cloud-based
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Global OKR Software Market, By Enterprise Type, 2018-2026 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Segment Trends
- SME’s
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Large Enterprises
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Global OKR Software Market, By Verticals, 2018-2026 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Segment Trends
- BFSI
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Retail and eCommerce
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Healthcare
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- IT and Telecom
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Manufacturing
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, 2018–2026, (US$ Million)
- Global OKR Software Market, By Regions, 2018-2026 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2017 and 2026 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Component, 2018–2026 (US$ Million)
- Market Size and Forecast, By Deployment, 2018–2026 (US$ Million
- Market Size and Forecast, By Enterprise Type, 2018–2026 (US$ Million)
- Market Size and Forecast, By Verticals, 2018-2026 (US$ Million)
- Market Share Analysis, By Country, 2018 and 2026 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Component, 2018–2026 (US$ Million)
- Market Size and Forecast, By Deployment, 2018–2026 (US$ Million
- Market Size and Forecast, By Enterprise Type, 2018–2026 (US$ Million)
- Market Size and Forecast, By Verticals, 2018-2026 (US$ Million)
- Market Share Analysis, By Country, 2017 and 2026 (%)
- UK
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Component, 2018–2026 (US$ Million)
- Market Size and Forecast, By Deployment, 2018–2026 (US$ Million
- Market Size and Forecast, By Enterprise Type, 2018–2026 (US$ Million)
- Market Size and Forecast, By Verticals, 2018-2026 (US$ Million)
- Market Share Analysis, By Country, 2017 and 2026 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Component, 2018–2026 (US$ Million)
- Market Size and Forecast, By Deployment, 2018–2026 (US$ Million
- Market Size and Forecast, By Enterprise Type, 2018–2026 (US$ Million)
- Market Size and Forecast, By Verticals, 2018-2026 (US$ Million)
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- Regional Trends
- Market Size and Forecast, By Component, 2018–2026 (US$ Million)
- Market Size and Forecast, By Deployment, 2018–2026 (US$ Million
- Market Size and Forecast, By Enterprise Type, 2018–2026 (US$ Million)
- Market Size and Forecast, By Verticals, 2018-2026 (US$ Million)
- Market Share Analysis, By Country, 2017 and 2026 (%)
- Israel
- GCC Countries
- Rest of the Middle East
- Africa
- Regional Trends
- Market Size and Forecast, By Component, 2018–2026 (US$ Million)
- Market Size and Forecast, By Deployment, 2018–2026 (US$ Million
- Market Size and Forecast, By Enterprise Type, 2018–2026 (US$ Million)
- Market Size and Forecast, By Verticals, 2018-2026 (US$ Million)
- Market Share Analysis, By Country, 2017 and 2026
- Northern Africa
- Central Africa
- South Africa
- Competitive Landscape
- Company Profiles
- Aha! Labs
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Betterworks
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- BirdDogHR
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Javelo
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Peoplefluent
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Perdo GmbH
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Qilo Technologies
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Quantum Workplace
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Workteam
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Wrike, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 60 market data tables and 40 figures on "OKR Software Market - Global forecast to 2026”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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