Vietnam Human Resource Software as a Service (SaaS) Market - Industry Size, Share, Trends, Opportunity and Forecast, 2045

Report Description

Vietnam Human Resource Software as a Service Market was valued at USD27.49 million in 2021 and is anticipated to project robust growth in the forecast period with a CAGR of 22.81% due to the shift towards cloud-based services and data concerns, leading to a rise in the Vietnam Human Resource Software as a Service Market.

The HR SaaS system is a cloud software owned by a third-party provider, licensed and registered to manage HR-related activities. Major focus areas include staff tracking, pay, benefits, hiring and boarding, training, etc.

Emerging Trend of Adoption of Subscription Based Services Driving Market Growth

The easy and low cost of digital subscription offerings has resulted in a rise in the use of human resource software services. Business applications are increasingly being viewed as a cost-effective facility for companies with minimal IT resources. Such services are hosted within the firewall capabilities of large organizations with no data security concerns and the requisite technology. Moreover, there is no license charge as HR SaaS systems are subscription-based, resulting in cheaper upfront expenses, which is driving the Vietnam Human Resource Software as a Service market.

Increasing Necessity for Improved and Optimized Compliance

Compliance can be difficult for even the most well-organized and vigilant HR department. Maintaining correct paperwork is tough with ever-changing national and organizational standards. The HR department is responsible for a variety of documents, and HR software solutions enable employers to effortlessly store, exchange and manage vital employee information. Built-in tools that easily monitor documents and certification with expiry date help an organization to stay audit ready and one step ahead of compliance requirements.

Concerns for Data Integrity

The Software as a Service concept is used to host human resource software applications in the cloud, reducing the requirement for local storage. Data is stored in different data centers to ensure that in the event of a disaster, the service can continue to be provided by the other data center. Furthermore, HR management software improves security by allowing businesses to securely share documents and govern who has access to them.

Growing Investments in Block Technology Aids in Market Growth

Blockchain technology has the potential to improve the convenience and transparency of online transactions. Though blockchain technology is best known for its use in the bitcoin business, it has progressively spread to other industries in recent years. Since the software products include vast volumes of personal data across numerous digital platforms, such as mobiles, desktops, and wearables, a vast amount of personal information is dispersed across the ecosystem. Such dissemination of information can make the data prone to risks and vulnerable. In view of increasing concern for data integrity and privacy, security and transparency shall increase as more tailored goods are developed. Furthermore, by adding blockchain, SaaS organizations may better handle operations like payment management, metering functionality, validation, verification, and authentication and grow the number of blockchain-compatible goods, solutions, and services. This could eliminate the need for human interaction while simultaneously shortening transaction times, resulting in more trustworthy and secure transactions.

Market Segmentation

The Vietnam Human Resource Software as a Service Market is segmented based on Business Application, Type, Organization Size, Deployment, End User, Region, and Company. Based on business application, the market is segmented into Attendance Management System, Leave Management, Payroll Management, HR Management Systems and Others. Based on type, the market is further fragmented into Horizontal SaaS and Vertical SaaS. Based on organization size, the market is bifurcated into Large Enterprises and SMEs. Also, segmentation of the market on the deployment of the service is done into Cloud and On-premises. Based on End user, the market is segmented into Government Enterprises, Local Enterprises, and FDI Enterprises. The market analysis also studies the regional segmentation of Vietnam to devise regional market segmentation divided among South, North and Central Vietnam. Based on provinces, the market is further split into Ho Chi Minh City, Hanoi, Dong Nai, Binh Duong, Hai Phong, Bac Ninh, Ba Ria - Vung Tau, Thanh Hoa Province, Quảng Ninh, Nghe An, and others.

Click here to download the sample

Company Profiles

WYS Enterprise Solutions Ltd., Grove HR Ltd., Innotech Vietnam Corporation, SAP Vietnam Co. Ltd., IBM Vietnam Company Ltd., Links International, Oracle Vietnam Pte Ltd, East Horizon Company Limited, OOC Technology Solution Joint Stock Company, Base Enterprise Joint Stock Company are among the major market players that lead the market growth of the Vietnam Human Resource Software as a Service Market.

Attribute	Details
Market size value in 2021	USD27.49 Million
Revenue Forecast in 2045	USD4111.24 Million
Growth Rate	22.81%
Base Year	2021
Historical Years	2016 – 2020
Estimated Year	2022
Forecast Period	2023 – 2045
Quantitative Units	Revenue in USD Million, and CAGR for 2016-2021 and 2022E-2045F
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	· Business Application · Type · Organization Size · Deployment · End User · Regions · Provinces
Regional Scope	South Vietnam; North Vietnam; Central Vietnam
Provinces Scope	Ho Chi Minh City; Hanoi; Dong Nai; Binh Duong; Hai Phong; Bac Ninh; Ba Ria - Vung Tau; Thanh Hoa Province; Quảng Ninh; Nghe An
Key Companies Profiled	WYS Enterprise Solutions Ltd., Grove HR Ltd., Innotech Vietnam Corporation, SAP Vietnam Co. Ltd., IBM Vietnam Company Ltd., Links International, Oracle Vietnam Pte Ltd, East Horizon Company Limited, OOC Technology Solution Joint Stock Company, Base Enterprise Joint Stock Company
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Vietnam Human Resource Software as a Service Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Vietnam Human Resource Software as a Service Market, By Business Application:

o Attendance Management System

o Leave Management

o Payroll Management

o HR Management Systems

o Others

· 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:

Large Enterprises
SMEs

· Vietnam Human Resource Software as a Service Market, By Deployment:

On-premises
Cloud

· Vietnam Human Resource Software as a Service Market, By End User

o FDI Enterprises

o Local Enterprises

o Government Enterprises

· Vietnam Human Resource Software as a Service Market, By Region:

o South Vietnam

o North Vietnam

o Central Vietnam

· Vietnam Human Resource Software as a Service Market, By Provinces:

Ho Chi Minh City
Hanoi
Dong Nai
Binh Duong
Hai Phong
Bac Ninh
Ba Ria - Vung Tau
Thanh Hoa Province
Quảng Ninh
Nghe An
Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam Human Resource Software as a Service Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Service Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Brand Awareness

4.2. Key Factors Influencing New SaaS Investments

4.3. Type of Subscription Agreement Terms Opted for SaaS Deployment

4.4. Customer Satisfaction

5. Vietnam Human Resource Software as a Service Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Business Application (Attendance Management System, Leave

Management, Payroll Management, HR Management Systems, Others)

5.2.2. By Type (Horizontal SaaS, Vertical SaaS)

5.2.3. By Organization Size (Large Enterprises, SMEs)

5.2.4. By Deployment (Cloud, On-Premises)

5.2.5. By End User (Government Enterprises, Local Enterprises,

FDI Enterprises)

5.2.6. By Region (North Vietnam, Central Vietnam, South Vietnam)

5.2.7. By Top 10 Provinces

5.2.8. By Company (2021)

5.3. Market Map (Business Application, Type, Organization Size, Deployment,

End User, Region, Top 10 Provinces)

6. South Vietnam Human Resource Software as a Service Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Business Application

6.2.2. By Type

6.2.3. By Organization Size

6.2.4. By Deployment

6.2.5. By End User

7. North Vietnam Human Resource Software as a Service Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Business Application

7.2.2. By Type

7.2.3. By Organization Size

7.2.4. By Deployment

7.2.5. By End User

8. Central Vietnam Human Resource Software as a Service Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Business Application

8.2.2. By Type

8.2.3. By Organization Size

8.2.4. By Deployment

8.2.5. By End User

9. Market Dynamics

9.1. Drivers

9.2. Challenges

10. Market Trends and Developments

11. Policy & Regulatory Landscape

12. Overview on Vietnam Human Resource Human Resource Software as a Service Market

13. Impact of COVID-19 on Vietnam Human Resource Software as a Service Market

14. Vietnam Economic Profile

15. Company Profiles

15.1. WYS Enterprise Solutions Ltd.

15.2. Grove HR Ltd.

15.3. Innotech Vietnam Corporation

15.4. SAP Vietnam Co. Ltd.

15.5. IBM Vietnam Company Ltd.

15.6. Links International

15.7. Oracle Vietnam Pte Ltd

15.8. East Horizon Company Limited

15.9. OOC Technology Solution Joint Stock Company

15.10. Base Enterprise Joint Stock Company

16. Strategic Recommendations

Figures and Tables

Figure 1: Vietnam Human Resource Software as a Service Market Size, By Value (USD Million), 2016-2045F

Figure 2: Vietnam Human Resource Software as a Service Market Share, By Business Application, By Value, 2016-2045F

Figure 3: Vietnam Human Resource Software as a Service Market Share, By Type, By Value, 2016-2045F

Figure 4: Vietnam Human Resource Software as a Service Market Share, By Organization Size, By Value, 2016-2045F

Figure 5: Vietnam Human Resource Software as a Service Market Share, By Deployment, By Value, 2016-2045F

Figure 6: Vietnam Human Resource Software as a Service Market Share, By End User, By Value, 2016-2045F

Figure 7: Vietnam Human Resource Software as a Service Market Share, By Region, By Value, 2016-2045F

Figure 8: Vietnam Human Resource Software as a Service Market Share, By Top 10 Provinces, By Value, 2016-2045F

Figure 9: Vietnam Human Resource Software as a Service Market Share, By Company, By Value, 2021

Figure 10: Vietnam Human Resource Software as a Service Market Map, Business Application, Market Size (USD Million) & Growth Rate (%)

Figure 11: Vietnam Human Resource Software as a Service Market Map, By Type, Market Size (USD Million) & Growth Rate (%)

Figure 12: Vietnam Human Resource Software as a Service Market Map, By Organization Size, Market Size (USD Million) & Growth Rate (%)

Figure 13: Vietnam Human Resource Software as a Service Market Map, By Deployment, Market Size (USD Million) & Growth Rate (%)

Figure 14: Vietnam Human Resource Software as a Service Market Map, By End User, Market Size (USD Million) & Growth Rate (%)

Figure 15: Vietnam Human Resource Software as a Service Market Map, By Region, Market Size (USD Million) & Growth Rate (%)

Figure 16: Vietnam Human Resource Software as a Service Market Map, By Top 10 Provinces, Market Size (USD Million) & Growth Rate (%)

Figure 17: South Vietnam Human Resource Software as a Service Market Size, By Value (USD Million), 2016-2045F

Figure 18: South Vietnam Human Resource Software as a Service Market Share, By Business Application, By Value, 2016-2045F

Figure 19: South Vietnam Human Resource Software as a Service Market Share, By Type, By Value, 2016-2045F

Figure 20: South Vietnam Human Resource Software as a Service Market Share, By Organization Size, By Value, 2016-2045F

Figure 21: South Vietnam Human Resource Software as a Service Market Share, By Deployment, By Value, 2016-2045F

Figure 22: South Vietnam Human Resource Software as a Service Market Share, By End User, By Value, 2016-2045F

Figure 23: North Vietnam Human Resource Software as a Service Market Size, By Value (USD Million), 2016-2045F

Figure 24: North Vietnam Human Resource Software as a Service Market Share, By Business Application, By Value, 2016-2045F

Figure 25: North Vietnam Human Resource Software as a Service Market Share, By Type, By Value, 2016-2045F

Figure 26: North Vietnam Human Resource Software as a Service Market Share, By Organization Size, By Value, 2016-2045F

Figure 27: North Vietnam Human Resource Software as a Service Market Share, By Deployment, By Value, 2016-2045F

Figure 28: North Vietnam Human Resource Software as a Service Market Share, By End User, By Value, 2016-2045F

Figure 29: Central Vietnam Human Resource Software as a Service Market Size, By Value (USD Million), 2016-2045F

Figure 30: Central Vietnam Human Resource Software as a Service Market Share, By Business Application, By Value, 2016-2045F

Figure 31: Central Vietnam Human Resource Software as a Service Market Share, By Type, By Value, 2016-2045F

Figure 32: Central Vietnam Human Resource Software as a Service Market Share, By Organization Size, By Value, 2016-2045F

Figure 33: Central Vietnam Human Resource Software as a Service Market Share, By Deployment, By Value, 2016-2045F

Figure 34: Central Vietnam Human Resource Software as a Service Market Share, By End User, By Value, 2016-2045F

Frequently asked questions

What was the market size of the Vietnam Human Resource Software as a Service Market in 2021?

Owing to increasing data concerns and improved compliance, the market size of the Vietnam Human Resource Software as a Service Market stood at USD27.49 million in 2021.

Which is the fastest growing segment by end user in the Vietnam Human Resource Software as a Service Market?

Ascribing to the increasing demand due to the robust foreign direct investment being made and new FDI enterprises being set up in the country, FDI Enterprise is the fastest growing segment among different end users. Consequently, the Vietnam Human Resource Software as a Service Market in FDI Enterprise is expected to grow at a CAGR of 22.32% in the forecast period.

Which is the dominant segment in terms of region in forecast period in the Vietnam Human Resource Software as a Service Market?

South Vietnam is the dominant region in the Vietnam Human Resource Software as a Service Market accounting for a share of 56.54% in 2021. The South region consists of big provinces like Ho Chi Minh City, which houses the topmost corporates, and is the business and financial hub of Vietnam. These big corporates constantly require human resource software to efficiently manage their workforce and increase resource optimization in the company.

What are the major drivers for the Vietnam Human Resource Software as a Service Market?

Benefits offered by subscription based services and improved compliance are the major drivers for the Vietnam Human Resource Software as a Service Market.

Buy Now