Human Resource Management Software Market Giants Spending is Going To Boom | SAP, Cezanne, Oracle, IBM
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Brief Overview on Human Resource Management Software:
Human resource management market includes software such as Core HR, Applicant tracking system, HR analytics, workforce management and others. It helps to manage the entire lifecycle of the employee and comply with the government regulations. The increasing workforce and data is rising the demand of workforce management system or human resource management system. Hence, these factors are increasing the demand of human resource management software.
Requirement of Maintenance Services
Key Market Trends:
Increased Adoption of Cloud Deployment in Industries
Technological Advancements in Big Data Analytics, Machine Learning, Internet of Things is Booting the Market
Rising Adoption of Software to Manage the Lifecycle of Employees
Market Growth Drivers:
Rising Workforce across the Globe
Features Such as Multi-Channel Activity Tracking, and Real Time Management
Segmentation of the Global Human Resource Management Software Market:
by Type (Core HR, Employee Collaboration & Engagement, Recruiting, Talent Management, Workforce Planning & Analytics, Others), Application (Academia, BFSI, Government, Healthcare, IT & Telecom, Manufacturing, Retail, Others), Services (Integration and Implementation, Consulting, Training and Education, Support and Maintenance), Organization Size (SMEs, Large enterprises), Deployment (Cloud, On premises)
In October 2018, Oracle introduced AI capabilities in HCM. It enables the HR trained bot to answer common HR questions quickly and easily. and In July 2019, Ultimate Software launched the Employee File Management, which would help HR professionals to easily share documents with third parties irrespective of their location.
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Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Furthermore, the years considered for the study are as follows:
Historical data - 2016-2021
The base year for estimation - 2021
Estimated Year - 2022
Forecast period** - 2022 to 2027 [** unless otherwise stated]
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Summarized Extracts from TOC of Global Human Resource Management Software Market Study
Chapter 1: Exclusive Summary of the Human Resource Management Software market
Chapter 2: Objective of Study and Research Scope the Human Resource Management Software market
Chapter 3: Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis
Chapter 4: Market Segmentation by Type, End User and Region/Country 2016-2027
Chapter 5: Decision Framework
Chapter 6: Market Dynamics- Drivers, Trends and Challenges
Chapter 7: Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 8: Appendix, Methodology and Data Source
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