The rise of the IT and telecommunications industries has prompted organizations to adopt cloud computing, resulting in the use of cloud-based job description software platforms. The International Trade Administration claims that 50% of enterprises with more than 1,000 users use Cloud Access Security Broker (CASB) products to monitor and manage their use of software as a service and other forms of public cloud.
NEWARK, DE / ACCESSWIRE / September 19, 2022 / Job Description Management Software Market increased at around 7.8 % CAGR. With an absolute dollar opportunity of US$ 234 Mn, the market is projected to reach a valuation of US$ 1.3 Bn growing at a CAGR of 7.2% during 2022 - 2032.
Businesses are increasingly adopting cloud-based deployment solutions as a result of technological advancements. As a result, vendors are developing cloud-based job description management software. The demand for job description management software solutions and services has increased among small and medium-sized businesses due to benefits such as flexibility, cost-effectiveness, and mobility. Cloud-based services include data backup, data security, and system upgrades. As a result, as more corporations adopt cloud-based solutions, the market is expected to grow.
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Players in the market are taking various initiatives to develop the market in the forecast period. Increasing investment in R&D to offer innovative products in the market is likely to prepare a conducive environment for market growth during the forecast period. For instance, in February 2022, Glenmark Pharmaceuticals Ltd., a renowned pharmaceutical company, and Canadian pharmaceutical company SaNOtize Research & Development Corp announced the launch of its Nitric Oxide Nasal Spray under the brand name FabiSpray ® in India. The product aims to kill the COVID-19 virus in the upper airways. Such initiatives are expected to augment the market size in the assessment period.
However, nasal may spray result in itchiness, redness, and swelling in the nose, leading to reduced consumption, thus, hindering the market expansion. Further, the regulatory obstructions owing to strict laws for the sales of drugs in countries such as Russia and Mexico are likely to be another potential factor controlling the market growth. For instance, the regulatory authority of Mexico, COFEPRIS, set forth new guidelines for permitting registrations of generic drugs, which is not inclusive of patents of new therapeutic uses in its linkage system
Key Takeaways from the Market Study:
- The global nasal spray market is expected to secure a market value worth US$ 3.2 Billion in 2022.
- The nasal spray market in Europe is expected to display a CAGR of 5.8% during the forecast period.
- In 2021, the retail segment is expected to have captured about 54% of the global nasal spray market.
- The nasal spray market in North America is expected to display a CAGR of 6% during the forecast period.
Manufacturers are focusing on introducing nasal sprays capable of administering drug formulations with high efficacy and potency. Hence, the introduction of robust product lines has become a reality, leading to a host of new product launches and innovations, remarks an analyst at FMI.
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Competitive Analysis
Salary.com, Saba Software, Hierology, Insperity, Textio Hire, Human Resource Systems Group, JDXpert, and Hrizons LLC are among the leading providers of job description management software.
Key Players:
- Astra Zeneca Plc.
- Cipla Ltd.
- Johnson & Johnson Services, Inc. (Johnson & Johnson Pacific Pty Limited)
- Glaxosmithkline Plc.
- Novartis International AG
- Procter & Gamble
- Sanofi S.A. (Sanofi-aventis LLC.)
- Boehringer Ingelheim GmbH
- AdvaCare Pharma
- Bayer AG (Bayer Consumer Health
- Covis Pharma S.a.r.l.
- Nipro Corporation (NIPRO JMI Pharma Ltd.)
- Viatris Inc. (Meda Pharmaceuticals Inc.)
- Perrigo Company plc
Some of the recent developments of key Job Description Management Software providers are as follows:
In March 2022, Hireology and JM&A Group partnered to assist dealers in recruiting and retaining top talent. Together, the two organizations will assist dealers in hiring qualified talent more quickly, maintaining appropriate job descriptions, and ensuring that their growth and development continues throughout their employment.
Similarly, recent developments related to companies offering Job Description Management Software have been tracked by the team at Future Market Insights, which are available in the full report
Country-wise Analysis
Which Country Lies at the CenterStage for Job Description Management Software Market Revenue?
United States dominated the Job Description Management Software Market in 2021, with a market size of US$ 234 Mn. During the forecasted period, the Job Description Management Software industry's market in the country is expected to grow at 7% CAGR.
According to the United Nations Industrial Development Organization, new industrial economies grew by 3% in 2019 compared to 2018. As a result, job description management software applications are becoming more popular in the growing end-user industries. After China, the United States witnessed a 16.6% increase in global manufacturing output in 2018, according to the World Economic Forum. As the manufacturing sector expands, there is a demand for a CMS platform to manage and track the records of workers in these industries. This software application is in high demand in the Human Resource department of a company to ensure the unaltered recruitment process.
Furthermore, job description software ensures employee tracking related to their work and performance, which is why end users in the U.S. are adopting this software tool. These factors have fuelled the CMS market's expansion in the country.
More Valuable Insights:
Future Market Insights, in its new offering, presents an unbiased analysis of the global nasal spray market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of by Product (Decongestant Sprays, Nasal Steroid Sprays, Nasal Antihistamine Sprays, Nasal Cromolyn Sodium Sprays, Nasal Anticholinergic Sprays, Nasal Triamcinolone Sprays) by Formulation (Aqueous, Hydroalcoholic, Nonaqueous-Based Solution, Suspension, Emulsions, Dry Powder/Micro particles), by Packaging (Pressurized Canisters, Pump Bottles), by Distribution Channel (Institutional Sales, Retail Sales), & Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).
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Market Segments Covered in Job Description Management Software Market Analysis
By Deployment Mode:
- Cloud-based
- Web-based
- By Enterprise Sizes:
- Large Enterprises
- SMEs
By Application:
- IT and Telecom
- BFSI
- Government Offices
- Manufacturing
- Construction and Mining
- Others
By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Contents
- Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Fact.MR Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Job Description Management Software Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Application Development Trends
- Market Background
4.1. Job Description Management Software, by Key Countries
4.2. Job Description Management Software Opportunity Assessment (US$ Mn)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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SOURCE: Future Market Insights, Inc.