What is the current market scenario of Core HR Software Market, By Component (Software, Service), Deployment (Cloud, On-Premise), Vertical (BFSI, Healthcare, Manufacturing, Transportation, IT & Telecommunication, Retail and Government) - Forecast 2025

The report for Global Core HR Software Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.

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According to new research report of Global Core HR Software Market accounted for USD 8.3 billion in 2017 growing at a CAGR of 12.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, 2017, the base year of calculation is 2016 and the forecast period is 2018 to 2025.

Core human resource software market allows the user to process information regarding any employee in the organization. The growing demand for automation in the HR department is considered as one of the major factors estimated to encourage the growth of the global core HR software market in the next few years. The increasing use of mobile and cloud deployment is predicted to offer promising growth opportunities for the market players operating in the global core HR software market.

Core HR software is used to manage employee information which can be easily accessible through a centralized HR database. The HR database typically comprises of employee personal information, benefits enrollment and income tax withholding. Core HR software includes employee self-portal which allows them to edit and access their personal details and it can also be used for absence tracking of employees.
Rapid growth in the cloud and mobile deployment is one major factor leading to the growth of core HR software market. Another factor is the increasing automation in the field of HR driving the market share. This had led small and medium enterprises to automate the HR processes by rapidly adopting core HR software.

The core HR software market has been segmented on the basis of component, deployment and vertical. The vertical segment is further bifurcated in to BFSI, healthcare, transportation, manufacturing, retail and government. Core HR software is gaining major traction owing to increasing adoption by all these verticals.

This report focuses on the top players in global market, like
IBM (US)
Oracle Corp (US)
SAP SE (Germany)
Ultimate Software Group
Automatic Data Processing (US)
Ceridian HCM (US)
Corehr (Ireland)
Employwise (India)
Paychex (US)
Paycom Software (US)
Sumtotal Systems (US)
Workday (US)

Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia

Market segment by Type, the product can be split into
Benefits and Claims Management
Payroll and Compensation Management
Personnel Management
Learning Management
Pension Management
Compliance Management
Succession Planning
Other

Market segment by Application, Core HR Software can be split into
BFSI
Government
Manufacturing
Energy and Utilities
Healthcare
Transportation and Logistics
Telecom and IT
Other

Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your enquiry.

Some of the key research methodologies used by QY Research is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales In Terms Of Hardware, Software, And Services Availed, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.

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Reasons for Buying this Report:

*This report provides pin-point analysis for changing competitive dynamics
*It highlights significant changes in the dynamics of the market

*It gives future perspective regarding different factors driving or restraining market growth

*It shows a technological growth map over time to understand the industry growth rate

*It provides forecast analysis of the Global Core HR Software market based considering how the market is predicted to grow

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