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The global core human resource software market generated revenue of US$ 7.6 billion in 2020 and is expected to reach US$ 11.6 billion by 2025 with a CAGR of 8.7% in the forecast period. The core human resource software market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report. Main factors are increasing interest to automate manual HR processes coupled with increasing preference on utilizing human resource data for effective decision making and Increas
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Core Human Resource Software Market Global Industry Analysis & Forecast US$ Million, 2019 – 2027 www.dhirtekbusinessresearch.com sales@dhirtekbusinessresearch.com +91 7580990088
Global Core Human Resource Software Market Scope of the Report Global Core Human Resource Software By Industry Europe Core Human Resource Software Market , By Component Banking, Financial Services, and Market Solution & Platform/API Insurance Asia Pacific Core Human Resource Services Consumer Goods and Retail Software Market Professional Services Energy and Utilities Middle East & Africa Core Human Managed Services Government Resource Software Market Global Core Human Resource Software Market , Healthcare Latin America Core Human Resource By Deployment Model Manufacturing Software Market On- Premises Telecom and Information Technology Company Cloud Based Transportation and Logistics Automatic Data Processing Inc Global Core Human Resource Software Others Ceridian HCM Holding Inc Market , By Enterprise Size Global Core Human Resource Software CoreHR Ltd Large Enterprises Market , By Region EmployWise Small & Medium Enterprises North America Core Human Resource International Business Machines Corp Global Core Human Resource Software Market , Software Market Oracle Corp 2 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Regions Covered Europe Germany U.K. France Italy Spain Russia Rest of Europe North America U.S. Canada Asia Pacific China Japan India S. Korea Indonesia Australia & New Zealand ASEAN Countries Rest of Asia Pacific Middle East & Africa GCC South Africa Rest of Middle East & Africa Latin America Brazil Mexico Argentina Rest of Latin America 3 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market Introduction The global core human resource software market generated revenue of US$ 7.6 billion in 2020 and is expected to reach US$ 11.6 billion by 2025 with a CAGR of 8.7% in the forecast period. The core human resource software market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report. Main factors are increasing interest to automate manual HR processes coupled with increasing preference on utilizing human resource data for effective decision making and Increase in mobile and cloud deployment that offers scalable and robust software, while reducing infrastructure cost for the clients are the main factors responsible for the growth of core human resource software market. The research report offers both qualitative and quantitative information on the global core human resource software market. In qualitative terms, the core human resource software market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of core human resource software in various segments such as by component, deployment model, enterprise size and industry at global, regional, and country-level. In addition, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors. Segment Analysis Solution segment accounts the dominating position in the market. Based on components, core human resource software is segmented into solutions and services. The solution 4 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market Introduction segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period. Moreover, the service segment is further segmented into professional and managed services. The professional services segment accounts the dominant position in the market in 2020, whereas the managed services segment is projected to grow with the highest CAGR during the forecast period. Moreover, the solution segment is further segmented into benefits and claims management, compliance management, learning management, payroll and compensation management, pension management, personnel management, and succession planning. Cloud based deployment model is expected to grow with the highest CAGR. Based on the deployment model, the core human resource software is segmented into on-premises and cloud- based. The cloud-based deployment model is expected to grow with the highest CAGR during the forecast period. Moreover, the on-premises deployment model holds the dominating position of the market in 2020 and is expected to retain its dominance throughout the forecast period. Large Enterprises segment accounts the dominating position in the market. Based on enterprise size, the core human resource software is segmented into small & medium enterprises and large enterprises. The small & medium enterprises segment is expected to grow with the highest CAGR during the forecast period. Moreover, the large enterprise segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period. Government segment account the dominating position in the market. Based on industry, the core human resource software is segmented into banking, financial services and insurance 5 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market Introduction (BFSI), consumer goods and retail, energy and utilities, government, healthcare and life sciences, IT & telecommunication, manufacturing, transportation and logistics, others. The Government sector hold a leading market position in 2020 and are projected to stay leading over the forecast period. North America accounts the dominating position in the market. Based on the region, the core human resource software is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America has a dominant position in the market in 2020 and is predicted to remain dominant over the projected period. The United States and Canada are the largest market- driven countries in the world. Moreover, Asia Pacific is projected to rise at the fastest CAGR in the forecast period. China, India, and Japan are some of the major market-driven countries in the world. Core Human Resource Software Market Players: Some of the major players of core human resource software market are Oracle, Ceridian HCM, Inc., CoreHR, SAP, Ascentis, Kronos Incorporated, Automatic Payroll Systems, Inc., Vibe HCM, Inc., Workday, Inc, TriNet Group, Inc, and Ultimate Software. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances and mergers and acquisitions to create disruptive technologies and consumer networks. Key questions the report answers Which factors will contribute to a change in the demand for workforce management software during the evaluation phase? What are the major driving factors that accelerate the growth of the market? 6 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market Introduction What are the restraints which hinders the growth of the market? What segment offers the most development opportunities? Which region provides the key growth opportunity to the market? Who are the major industry players? What are the key strategies adopted by the market players? 7 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market Introduction Global Core Human Resource Software Market Size, US$ Million (2020 – 2027) Global Core Human Resource Software Market Opportunity Analysis Size, US$ Million (2020 – 2027) XX%XX% XX% XX% XX XX% XX XX XX% XX% XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2019 2020 2021 2022 2023 2024 2025 2026 2027 XX% Total Opportunity 2019 2020 2021 2022 2023 2024 2025 2026 2027 Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis 8 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market Introduction Global Core Human Resource Software Market Share Analysis, by Component, (2020 & 2027) Global Core Human Resource Software Market Share Analysis, by Deployment Model, (2020 & 2027) 2027 2027 XX% XX% XX% XX% 2020 2020 XX% XX% XX% XX% XX% XX% XX% XX% Solution & Platform/API Services Cloud Based On-Premises Professional Services Managed Services Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis 9 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market Introduction Global Core Human Resource Software Market Share Analysis, by Enterprise Size, (2020 & 2027) Global Core Human Resource Software Market Share Analysis, by Industry, (2020 & 2027) XX% XX% 2027 2027 XX% XX% XX% XX% XX% XX% 2020 2020 XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% Banking, Financial Services, and Insurance Consumer Goods and Retail Energy and Utilities Government Healthcare Manufacturing Telecom and Information Technology Transportation and Logistics Large Enterprises Small & Medium Enterprises Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis Others Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis 10 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market , by Component Global Core Human Resource Software Market Analysis and Forecast, by Component, US$ Million (2020 – 2027) CAGR % (2020 – 2027) Component 2019 2020 2021 2022 2023 2024 2025 2026 2027 Solution XX XX XX XX XX XX XX XX XX XX Services Managed Services Professional Services XX XX XX XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX XX XX XX Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis 11 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market , by Deployment Model Global Core Human Resource Software Market Analysis and Forecast, by Deployment Model, US$ Million (2020 – 2027) CAGR % (2020 – 2027) Deployment Model 2019 2020 2021 2022 2023 2024 2025 2026 2027 Cloud Based XX XX XX XX XX XX XX XX XX XX On-Premises XX XX XX XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX XX XX XX Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis 12 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market , by Enterprise Size Global Core Human Resource Software Market Analysis and Forecast, by Enterprise Size, US$ Million (2020 – 2027) CAGR % (2020 – 2027) Enterprise Size 2019 2020 2021 2022 2023 2024 2025 2026 2027 Large Enterprises XX XX XX XX XX XX XX XX XX XX Small & Medium Enterprises XX XX XX XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX XX XX XX Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis 13 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market , by Industry Global Core Human Resource Software Market Analysis and Forecast, by Industry, US$ Million (2020 – 2027) CAGR % (2020 – 2027) Industry 2019 2020 2021 2022 2023 2024 2025 2026 2027 Banking, Financial Services, and Insurance XX XX XX XX XX XX XX XX XX XX Consumer Goods and Retail XX XX XX XX XX XX XX XX XX XX Energy and Utilities XX XX XX XX XX XX XX XX XX XX Government XX XX XX XX XX XX XX XX XX XX Healthcare XX XX XX XX XX XX XX XX XX XX Manufacturing XX XX XX XX XX XX XX XX XX XX Telecom and Information Technology XX XX XX XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX XX XX XX Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis 14 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market , by Industry Global Core Human Resource Software Market Analysis and Forecast, by Industry, US$ Million (2020 – 2027) CAGR % (2020 – 2027) Industry 2019 2020 2021 2022 2023 2024 2025 2026 2027 Transportation and Logistics XX XX XX XX XX XX XX XX XX XX Others XX XX XX XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX XX XX XX Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis 15 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market , by Region 2027 XX% XX% XX% North America XX% XX% Europe XX% XX% Asia Pacific XX% 2020 Middle East & Africa XX% Latin Maerica XX% US$ Million XX XX XX XX XX XX XX XX XX XX North America Europe Asia Pacific 2020 Middle East & Africa Latin America 2027 Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis 16 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market , by Region Global Core Human Resource Software Market Analysis and Forecast, by Region, US$ Million (2020 – 2027) CAGR % (2020 – 2027) Region 2019 2020 2021 2022 2023 2024 2025 2026 2027 North America XX XX XX XX XX XX XX XX XX XX Europe XX XX XX XX XX XX XX XX XX XX Asia Pacific XX XX XX XX XX XX XX XX XX XX Middle East & Africa XX XX XX XX XX XX XX XX XX XX Latin America XX XX XX XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX XX XX XX Source: Secondary Literature, Expert Interviews, and Dhirtek Business Research Analysis 17 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
Global Core Human Resource Software Market Global Core Human Resource Software Market , Company Share Analysis, 2020 (%) Automatic Data Processing Inc Ceridian HCM Holding Inc CoreHR Ltd XX% XX% XX% XX% EmployWise International Business Machines Corp XX% Oracle Corp XX% XX% Paychex Inc Paycom Software Inc XX% SAP SE XX% XX% SumTotal Systems LLC Others 18 © Dhirtek Business Research and Consulting Private Limited www.dhirtekbusinessresearch.com
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