Human resource (HR) software Market observation with Key Company Profiles - Forecast to 2023

Human resource (HR) software Market is extremely important. Taking all the factors into consideration, we expect the Global Human resource (HR) software Market which is around 1 billion in 2015 to reach 1.4 billion in future, growing at a CAGR of 2.3% .
Human resource (HR) software maintains the confidential data like information of employee, address, contact number and financial data. HR software is only software that provides Software-as-a-Service (SaaS) model which is useful in total employee life-cycle management capabilities and is a key driver for growth of HR software market. Human resource department operates various functions like recruitment, salary hikes, vacation leaves, bonus, training, management and payment benefits management. HR software offer various benefits like document control and security. Introduction of the new tools in the software like advertisement management, candidate searching, and linkup with Facebook and LinkedIn contribute for the growth of HR software market.
Increase in automation of healthcare fuel the growth of HR software market. HR software helps in minimizing the time exhausted on administration, increasing popularity and awareness regarding the benefits of HR software led to the ameliorating HR software market during the forecasted period. But rapid increase in cybercrime which may harm data security can hamper the market growth. The complexity of software increases as the size of organization increase. Human resource software market in healthcare is around 1 billion and it is expected to grow upto 1.4 billion till 2023 at very low CAGR of 2.3% annually.
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Key Players for Human Resources Software Market:
Paychex, Inc. (US), Paycom Software, Inc. (US), SumTotal Systems Inc. (US), SAP SE (Germany), Ceridian HCM, Inc. (US), Taleo Corporation(US), PeopleAdmin(US), Kenexa Corporation(US), Workday, Inc. (US), Halogen Software Inc(Canada), SuccessFactors (US), CoreHR (Ireland), Ultimate Software (US), International Business Machine (IBM) Corporation (US), EmployWise (India) and Oracle Corporation (US)
HR software market has been segmented on the basis of administration software which are payroll, time and attendance, benefits management and others. On the basis of type of software like Recruiting, software-as-a-service (SaaS), core HR and others. By Organizations Type, Medium Businesses, Large Enterprises, Small Business. By user end, they are Pharmaceuticals, hospital and laboratories and other. By region it is segmented as North America, Europe, Asia-pacific and Middle East and Africa.
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North America is the largest market for the healthcare human resource software market. This is because of development in healthcare sector. Asia pacific is expecting the high growth on HR software market due to rapidly boosting in the development of the industries in this regions and increase in the number of healthcare organization. In developing countries like India and china it is expecting there will be catalyse industry growth over the forecast period. Europe is also expecting the substantial growth because of increase in the number of several corporate offices in healthcare sectors.
Table of Content
1 INTRODUCTION

1.1 DEFINITION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS & LIMITATIONS

1.2.2.1 ASSUMPTIONS

1.2.2.2 LIMITATIONS

1.3 MARKET STRUCTURE:

2 RESEARCH METHODOLOGY

3 MARKET DYNAMICS

4 MARKET FACTOR ANALYSIS

4.1 PORTERS FIVE FORCES MODEL

4.2 BARGAINING POWER OF SUPPLIERS

4.3 BARGAINING POWER OF BUYERS

4.4 THREAT OF NEW ENTRANTS

4.5 THREAT OF SUBSTITUTES

4.6 INTENSITY OF RIVALRY

5 GLOBAL HEALTHCARE HUMAN RESOURCES SOFTWARE MARKET, BY ADMINISTRATION SOFTWARE

5.1 PAYROLL

5.2 TIME AND ATTENDANCE

5.3 BENEFITS MANAGEMENT

5.4 OTHERS
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