Press release
HRM Software Market 2018 Worldwide Analysis by Global Players: Ultimate Software, NetSuite, Mercer LLC, Ceridian HCM, Automatic Data Processing, Oracle, Workday
Market synopsis
Human Resource (HR) management software is one of the most fundamental systems for any organization may it be large, and small or medium business (SMB’s) organizations. The software puts together all the HR activities such as recruitment, workforce management, and administration at a centralized location.
The human resource management software market is expected to reach an approximate market value of USD 11 billion by 2023 growing at a 14% CAGR during the forecast period 2018–2023.
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Key players
The prominent players in the market of human resource (HR) management are, Workday, Inc. (U.S.), SAP SE (Germany), Kronos, Inc. (U.S.), Oracle Corporation (U.S.), Automatic Data Processing, LCC (U.S.), Talentsoft (France), Ultimate Software Group, Inc. (U.S.), Accenture PLC (Ireland), Cezanne HR Ltd. (U.K.), IBM Corporation (U.S.).
Other players in the market include Ultimate Software (U.S.), PricewaterhouseCoopers (India), NetSuite, Inc. (U.S.), Mercer LLC (U.S.), Ceridian HCM, Inc. (U.S.).
Segmentation
The market for human resource management software has been broadly segmented into deployment, organization size, solution, service and vertical.
By deployment, the market is segmented into on-premise and on-cloud deployment.
By organization size, the market is segmented into small and medium enterprises and large enterprises
By solution, the market is segmented into workforce management, sourcing and recruitment, applicant tracking system, talent management, and others.
By service, the market is segmented into integration & deployment, support & maintenance, training & consulting.
By vertical, the market is segmented into BFSI, IT & Telecom, public sector, manufacturing, retail, healthcare, transportation & logistics, and others.
Regional analysis
The human resource (HR) management software is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of human resource (HR) management software market is studied for North America, Europe, Asia Pacific, and the rest of the world.
North America is expected to dominate human resource (HR) management software market during the forecast period owing to early adoption of technologies such as automation, cloud-based services, and well-established economies. North America has always been leading in innovations and technological advancements, which can be attributable to high investments in research and developments in the field of cloud technology.
Asia Pacific is expected to grow at a significant pace during the forecast period, fuelled by emerging economies like India, China, and South Korea. Due to increasing government initiatives for supporting digitalization and growing adoption of cloud-based services in these countries, the market of human resource (HR) management software in Asia Pacific is expected to grow with the highest CAGR.
Intended Audience
• HR representatives
• Cloud Service Providers
• Organizations, Firms, Enterprises
• Government Bodies and Departments
• Management Universities
• HR management Solution Providers
• HR management Platform Providers
• Professional Service Providers
• Recruiting Firms
• Chanel Partners
• Third-Party providers
• Market Research and Consulting Firms
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