HR Software Market
HR Software Market by Software Type (Learning Management, Benefits and Claim Management, Payroll and Compensation Management, Personnel Management, and Others), by Deployment Model (Cloud and On-Premises), by End-Use (Government, Manufacturing, Healthcare, and, Others) – Global Trends, Size, Share, Growth, Industry Analysis and Forecast, 2019-2025 Update Available - Forecast 2024-2030
HR software market is expected to grow at a moderate rate during the forecast period 2019-2025. HR software is an integrated system that is used to store, analyze, and respond to the information of an organization’s human resources. The software coordinates with various functions such as employee training, salary hikes, recruitment of employees, succession planning, and performance management, among others. Moreover, the software automatically controls and updates the information stored in the software application.
Increasing adoption of cloud-based technologies for the assessment of employee coupled with the ability of software in providing expertise solutions according to workforce dynamics have augmented the demand for HR software solutions. The software is extensively used across various industry verticals such as government and manufacturing have impelled the growth of the market. The continuous development of innovative tools in HR software solutions and services is offering an opportunistic growth to the global HR software market. Moreover, the rising demand for succession and performance management software that offers training solutions according to the weakness of an employee is significantly impelling market growth.
The global HR software market is further analyzed on the basis geographical regions, including North America, Europe, Asia-Pacific and Rest of the World. North America held a dominant position in the global HR software market in 2018. This is mainly owing to the significant presence of a large number of HR software & service providers such as Oracle Corp., and IBM Corp., which are offering its services across various emerging industry verticals such as transportation & logistics, healthcare, and manufacturing. Asia-Pacific is projected to exhibit the fastest growth in the global HR software market during the forecast period. Improving economic reforms and increasing industrialization and technology mobility in the emerging economies of the region such as India and China are some factors that are considerably propelling the market growth in Asia-Pacific.
The key players operating in the global HR software market include Automatic Data Processing, Inc., BambooHR LLC, ClearCompany, Inc., Cornerstone OnDemand, Inc., Oracle Corp., SAP SE, and IBM Corp., among others. The companies are focused on developing advanced features in the HR software market to stay competitive in the global market. Geographical expansion, merger & acquisition, partnerships & collaborations, finding a new market or innovate in their core competency in order to expand individual market share are some of the key strategies adopted by major market players. For instance, in February 2019, MHR International Ltd. and ConnectDott Pte Ltd have signed a partnership agreement, for the expansion of People First, an MHR International’s HR software platform, across the business sectors of Singapore and other countries of Asia-Pacific.
Research Methodology:
The market study of the global HR software market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Authentic Public Databases
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog.
The report is intended for IT service providers, government agencies, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
- Global HR Software Market Research and Analysis by Software Type
- Global HR Software Market Research and Analysis by Deployment Model
- Global HR Software Market Research and Analysis by Industry Vertical
The Report Covers:
- Comprehensive research methodology of the global HR software market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global HR software market.
- Insights about market determinants which are stimulating the global HR software market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. IBM Corp.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Eaton Corp.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Oracle Corp.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Accenture PLC
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. SAP SE
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Recent Developments
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global HR Software Market by Software Type
5.1.1. Learning Management
5.1.2. Benefits and Claim Management
5.1.3. Payroll and Compensation Management
5.1.4. Personnel Management
5.1.5. Others (Compliance Management, Succession Management, and Pension Management)
5.2. Global HR Software Market by Deployment Model
5.2.1. Cloud
5.2.2. On-premises
5.3. Global HR Software Market by End-Use
5.3.1. Government
5.3.2. IT Industry
5.3.3. Manufacturing
5.3.4. Healthcare
5.3.5. BFSI
5.3.6. Transportation & Logistics
5.3.7. Others (Consumer Goods & Retail)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Accenture PLC
7.2. Applied Training Systems, Inc.
7.3. Ascentis Corp.
7.4. Automatic Data Processing, Inc.
7.5. Automatic Payroll Systems, Inc.
7.6. BambooHR LLC
7.7. CEIPAL Corp.
7.8. ClearCompany, Inc.
7.9. Conrep, Inc.
7.10. Cornerstone OnDemand, Inc.
7.11. Hireku, Inc.
7.12. HR Performance Solutions
7.13. IBM Corp.
7.14. iCIMS, Inc.
7.15. Eaton Corp.
7.16. Jibble Tech Sdn Bhd
7.17. Jobvite, Inc.
7.18. Kronos Inc.
7.19. MHR international Ltd.
7.20. Namely, Inc.
7.21. Oracle Corp.
7.22. Patriot Software Co.
7.23. Paychex Inc.
7.24. SAP SE
7.25. The Ultimate Software Group, Inc.
7.26. Workday, Inc.
7.27. Zoho Corp. Pvt. Ltd.
1. GLOBAL HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE TYPE, 2018-2025 ($ MILLION)
2. GLOBAL LEARNING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL BENEFITS AND CLAIM MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL PAYROLL AND COMPENSATION MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL PERSONNEL MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2018-2025 ($ MILLION)
8. GLOBAL CLOUD MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL ON-PREMISES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USE, 2018-2025 ($ MILLION)
11. GLOBAL GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL IT INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
14. GLOBAL HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
15. GLOBAL BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
16. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
17. GLOBAL HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
18. NORTH AMERICAN HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
19. NORTH AMERICAN HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE TYPE, 2018-2025 ($ MILLION)
20. NORTH AMERICAN HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2018-2025 ($ MILLION)
21. NORTH AMERICAN HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USE, 2018-2025 ($ MILLION)
22. EUROPEAN HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
23. EUROPEAN HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE TYPE, 2018-2025 ($ MILLION)
24. EUROPEAN HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2018-2025 ($ MILLION)
25. EUROPEAN HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USE, 2018-2025 ($ MILLION)
26. ASIA-PACIFIC HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
27. ASIA-PACIFIC HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE TYPE, 2018-2025 ($ MILLION)
28. ASIA-PACIFIC HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2018-2025 ($ MILLION)
29. ASIA-PACIFIC HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USE, 2018-2025 ($ MILLION)
30. REST OF THE WORLD HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY SOFTWARE TYPE, 2018-2025 ($ MILLION)
31. REST OF THE WORLD HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2018-2025 ($ MILLION)
32. REST OF THE WORLD HR SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USE, 2018-2025 ($ MILLION)
1. GLOBAL HR SOFTWARE MARKET SHARE BY SOFTWARE TYPE, 2018 VS 2025 (%)
2. GLOBAL HR SOFTWARE MARKET SHARE BY DEPLOYMENT MODEL, 2018 VS 2025 (%)
3. GLOBAL HR SOFTWARE MARKET SHARE BY END-USE, 2018 VS 2025 (%)
4. GLOBAL HR SOFTWARE MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
7. UK HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD HR SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
