Business Management

Redesigning Performance Management.
The software and services market for performance management remains hot, as organizations deal with the complexity of redesigning workforce management for strategic advantage. Vendors are moving to fill gaps in their offerings, including through consolidation, which is expected to continue.

By Tom Starner

The mortgage/credit crunch may be raging, the price of gasoline and food soaring, and the American dollar sinking, but, based on a forecast from IDC, even with today”s economic woes, it”s a good time to be in the performance-management software and services business.

IDC, in a recently released report entitled Worldwide Workforce Performance Management Forecast 2008-2012: Still a Hot Market, forecasts that the market for workforce-performance-management (WPM) software and services will reach $2.55 billion by 2012, increasing at a compound annual growth rate of 10.1 percent.