Farsight Technologies Strengths, Domain Expertise, and Key Differentiators
Farsight Technologies caters to a diverse range of businesses, regardless of their size, by offering highly sophisticated software solutions. The company is dedicated to enhancing the efficiency and intelligence of human resources management across multiple domains. Farsight's comprehensive suite of offerings encompasses vital areas such as recruitment, absence management, employee records, performance tracking, and other critical functions, thereby empowering organizations to optimize their HR operations and drive enhanced productivity.
Farsight Technologies Recent Developments
Farsight Technologies has been making waves in the HR technology sector with its advanced software solutions. The company recently announced its plans to expand its operations by opening offices across India, tapping into the organic growth of the country's IT sector. This expansion aligns with the increased demand from multinational companies seeking to leverage local tech skills.
Farsight Technologies Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Farsight Technologies applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Farsight Technologies and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Integrated HR Platform, Payroll Insights, People Reckoner, Farsight Travel and Expense Management Solution customers.
Farsight Technologies Overview
Ownership: - x
Number of Employees: 95
Functional Market: Absence and Leave Management, Workforce Analytics, Time and Attendance, Core HR, Payroll, Onboarding, Recruiting, Performance Management, Learning and Development,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Farsight Technologies Key Cloud and HCM Applications
Integrated HR Platform, Payroll Insights, People Reckoner, Farsight Travel and Expense Management Solution
Farsight Technologies HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Farsight Technologies Revenue Breakdown by Type:
Farsight Technologies HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Farsight Technologies HCM Applications Revenues By Verticals, $M:
Farsight Technologies Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Farsight Technologies Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Farsight Technologies Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Farsight Technologies Customers
No. of Farsight Technologies Customers: 350
No. of Farsight Technologies HCM Applications Customers: 300
No. of Farsight Technologies Cloud HCM Customers: 300
No. of Farsight Technologies Cloud HCM Subscribers: 100000
With over 300 esteemed clients, the company serves diverse industries such as Manufacturing, Automotive, Medical, BPO, Power, Infrastructure, Agriculture, and more. Notable customers include IT Relaxo Footwear Limited, RS Brothers, Schneider Electric, Moserbaer, Lifelong Group, Fairwood Consultants, among others, further underscoring Farsight's reputation and credibility within the market.
Farsight Technologies Market Opportunities, M&A and Geo Expansions
The HR technology market continues to grow rapidly, driven by digital transformation and the need for organizations to optimize their human capital management processes. Farsight Technologies is well-positioned to capitalize on this trend, offering innovative solutions that enhance efficiency and productivity.
Farsight Technologies Risks and Challenges
The HR technology market is highly competitive, with multinational companies vying for a larger share. Farsight Technologies faces the risk of increased competition, requiring the company to continuously innovate and differentiate itself to maintain its market position.
Farsight Technologies Ecosystem, Partners, Resellers and SI
Farsight Technologies has forged a valuable partnership with Intellivate, a global IT Service Management, Enterprise Tools consulting, and Cloud Enablement company. This partnership enables Farsight to leverage Intellivate's expertise and capabilities, enhancing its offerings and expanding its reach.
Farsight Technologies Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Farsight Technologies Public Cloud and Infrastructure (IaaS)
- Farsight Technologies Platform (PaaS)
- Farsight Technologies Application Delivery
- Farsight Technologies Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
