Global Core HR Software Market is estimated to rise by 2026, registering a healthy CAGR of 11.2% in the forecast period of 2019-2026. This rise in market value can be attributed to the Increase in demand of cloud technology and mobile deployment, adoption of software to decrease labour cost, improve productivity and rising automated HR processes.
Few of the major competitors currently working in the global core HR software market are Oracle, Paycom, SAP SE, SumTotal Systems, LLC, Ultimate Software, Workday, Inc., EmployWise, CoreHR Limited, Ceridian HCM, Inc., ADP, LLC., Peopleworks, Ramco Systems, Emportant, TrustRadius, Cezanne HR Limited, Paychex Inc., Ascentis Corporation, Kronos Incorporated, Vibe HCM, Inc, TriNet Group, Inc and others.
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Human resource software serves the basic functions of HR department. The software captures the data of the employee in a centralized database. Such database collects information related to personnel birth, place, address and other personal details. Further the software keeps the track of job title and description, tax holdings and salary, sick and vacation days, documentations of training and other information. The software provides the common platform to managers and employee through a portal where they can update each detail and avoid delay in data upgradation.
In October 2018, InfinityHR was acquired by the Arcoro, provider of human capital management solutions. The acquisition was a part of strategy which is going help Arcoro to further expand its HR offerings. With this acquisition, Arcoro could provide more services related to HR in big industries.
In January 2017, Oracle Marketing Cloud announced its collaboration with Eyeota. Oracle’s data management platform would be added with Eyeota’s insights in order to help customers of the Oracle Marketing Cloud to extract the data to their own customer. This would help Oracle customers to access the information of their own clients
- Benefits and Claims Management
- Payroll and Compensation Management
- Personnel Management
- Learning Management
- Pension Management
- Compliance Management
- Succession Planning
- Integration Services
- Maintenance and Support
By Deployment Type
By Organization Size
- Small and Middle Enterprises
- Large Enterprises
- Energy and Utilities
- Consumer Goods and Retail
- Transportation and Logistics
- Telecom and Information Technology (IT)
- Banking, Financial Services, and Insurance (BFSI)
This Core HR Software research report analyzes the worldwide market mainly focusing on the regions: –
- North America
- South America
- Asia and Pacific region
- Middle east and Africa
The Global Core HR Software Market research report includes the market Dynamic which gives the details regarding the supply and demand of the product in particular market. Market Drivers, restraints and threats are also analyzed while developing the research report.
Premium insights of research report
- This research report provides the main statistical data on the current status of the industry which is considered as a valuable guide
- It includes the potential of the market and highlights the key business priorities in orders to assist companies to realign their business strategies.
- The examination of the prominent trends, driving forces and the challenges assist the market participants and stakeholders to understand the issues they will have to face while operating in the market.
- Analytical tools such as SWOT analysis, Porter’s five force analysis and PESTLE analysis are utilized while developing this Global Core HR Software Market research report.
- In the end, it gives you details about the market research findings and conclusions which helps you to develop profitable market strategies to gain competitive advantage.
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