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Global HR Software Market Drive Revenue Growth, Technological Advancements, Global Innovations, Competitive Analysis, New Business Developments, Regional Outlook, Marketing Strategy Analysis, top key players – Taleo Corporation (Oracle), SuccessFactors

08-28-2018 02:50 PM CET | IT, New Media & Software

Press release from: Research2reports

Global HR Software Market Drive Revenue Growth, Technological

According to a new report from Research2Reports, the Global HR Software Market is expected to reach $ 30 billion by 2025 with a CAGR of 10.4% over the forecast period. Market growth is expected to accelerate as the need to manage a wider workforce grows and the need to replace existing systems with improved human capital management platforms increases.

Key industry participants include Taleo Corporation (Oracle), SuccessFactors (SAP), ADP, Accenture Plc, Ceridian HCM Inc., Kenexa Corporation (IBM), Cognizant Technology Solutions, Halogen Software Inc., PeopleAdmin, and SumTotal Systems Inc. Promising market participants are expected to gain significant market share by focusing on mergers and acquisitions. For example, as Oracle acquired Taleo Corp., it integrated new value-added capabilities and cross-sells to multiple multinational companies

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HRM solution providers are focusing on developing software/solutions that easily integrate with mobile apps, thereby enabling employees and employers to access information pertaining to time and attendance, leaves, and performance status from their personal devices. These features increase transparency across organizational departments and provide flexibility to managers to access data anytime and anywhere across the globe.

HR software maintains confidential information such as employee information, home address, social security number, and financial information. The increase in cybercrimes can compromise data security, which is expected to hamper industry growth during the forecast period. The ability of this software to provide customized solutions that take into account current workforce dynamics represents a high growth potential. The introduction of new tools such as candidate searches, ad management, candidate relationship management, and Facebook and LinkedIn integration are expected to contribute to future industry growth.

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The industry can be largely divided into human resource manager and talent management. Leading industry players are shifting focus from manager to talent management. The convergence trends in the internal and human resources sectors may increase demand for the foreseeable future. The industry is also characterized by a slow transition from traditional back-end management to a unified talent management system.

The regional analysis covers: North America (U.S. and Canada),Latin America (Mexico, Brazil, Peru, Chile, and others),Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg), Eastern Europe (Poland and Russia),Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand),Middle East and Africa (GCC, Southern Africa, and North Africa)

In the end, the report includes Global HR Software Market new project SWOT analysis, investment feasibility analysis, investment return analysis, and development analysis. The report also presents a round-up of vulnerabilities which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
HR Software Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the HR Software Market
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Research 2 Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of market research reports under these categories and sub-categories. The Research 2 Reports team prides itself in being the chosen source for market research reports, report customizations services, and other ancillary services such as a Newsletter service and corporate service for large organizations.

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