HTF MI added a new research study in its database with title ‘Global HR Software Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025’ that includes detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like Asia Pacific, Europe, Latin & Central America, Middle East & Africa, North America and important players/vendors such as Paychex, Inc. (United States), Paycom Software, Inc. (United States), SumTotal Systems Inc. (United States) etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2019-2025.
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Global HR Software Market Overview:
Human resource (HR) software conserves the confidential data like data of employee, address, contact number and financial data. HR software is delivered Software-as-a-Service (SaaS) model which is useful in total employee life-cycle management abilities and is an important driver for the development of the HR software market. Human resource department operates numerous functions like recruitment, vacation leaves, salary hikes, bonus, management, training, and payment benefits management. HR software offers various welfares such as document control and security. The emergence of the new tools in the software like advertisement management, candidate searching, and link up with Facebook and LinkedIn contribute to the development of global HR software market in the forecasted period. Some of the key players profiled in the study are Paychex, Inc. (United States), Paycom Software, Inc. (United States), SumTotal Systems Inc. (United States), SAP SE (Germany), International Business Machine (IBM) Corporation (United States), Oracle Corporation (United States), Ceridian HCM, Inc. (United States), Taleo Corporation (United States), PeopleAdmin (United States) and Kenexa Corporation (United States). According to Market Analyst at HTF MI, the Global HR Software market may see a growth rate of 11.0%
On the basis of geography, the market of HR Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. On-Premises will boost the HR Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Medium Businesses will boost the HR Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Administration Software, the sub-segment i.e. Payroll will boost the HR Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Academia will boost the HR Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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High Demand Due To Growing Requirement for Managing the Widespread Workforce
Increasing Demand for Replacing the Legacy Systems with Enhanced Human Capital Management Platforms
High Adoption due to Technological proliferation in machine learning, Artificial Intelligence (AI), big data analytics, and Internet of Things (IoT)
Increased Adoption of Cloud Deployment across All Industries
Rapid Increase in Cybercrime Which May Harm Data Security
Rising inclination toward human resource analytics
The Huge Growth of the Retail Industry Has Resulted In The Large-Scale Hiring As Well As Employee Retention
The Complexity of Software Increases as the Size Of Organization Increase
Major Market Developments:
On 7th May 2019, SAP SE has introduced three SAP® Qualtrics® solutions that transform existing HR platforms into enterprise-wide systems of action. Built directly into existing HR systems such as SAP SuccessFactors® HCM Suite, these Employee Experience Management solutions gather employee experience data throughout the entire employee lifecycle, surface predictive and personal insights based on employee feedback, and empower HR leaders and managers to act on those insights quickly all designed to improve the employee experience.
On 22nd October 2018, Oracle Corp. has announced a series of integrations between LinkedIn and its Human Capital Management (HCM) Cloud system to help human resource teams improve candidate and employee experiences.
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Global Healthcare Human Resources (HR) Software Manufacturers & Suppliers, Contract Research Organizations (CROs), Research and Development (R&D) Companies, Government Research Laboratories, Independent Research Laboratories, Government and Independent Regulatory Authorities, Market Research and Consulting Service Providers, Academic Institutes and Universities and Others
Major Objectives Focused through this Study
• To define, describe, and forecast the Global HR Software market on the basis of product [Recruiting, Software-As-A-Service (SaaS), Core HR and Others] , application, key regions and end user
• To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
• To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
• Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
• To provide market size for various segments of the HR Software market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
• To strategically profile the key players and analyzing their market shares and core competencies in the HR Software industry
• To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Workday, Inc. (United States), Halogen Software Inc. (Canada), SuccessFactors (United States), CoreHR (Ireland), Ultimate Software (United States) and EmployWise (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the HR Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.
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Have a look at some extracts from Table of Content
Introduction about Global HR Software
Global HR Software Market Size (Sales) Market Share by Type (Product Category) in 2018
HR Software Market by Application/End Users
Global HR Software Sales (Volume) and Market Share Comparison by Applications
(2013-2025) table defined for each application/end-users like [Government, Manufacturing, Energy and Utilities, Consumer Goods and Retail, Healthcare, Transportation and Logistics, Others]
Global HR Software Sales and Growth Rate (2014-2025)
HR Software Competition by Players/Suppliers, Region, Type and Application
HR Software (Volume, Value and Sales Price) table defined for each geographic region defined.
Global HR Software Players/Suppliers Profiles and Sales Data
Additionally Company Basic Information, Manufacturing Base and Competitors list is being provided for each listed manufacturers
Market Sales, Revenue, Price and Gross Margin (2014-2018) table for each product type which include Benefits and Claims Management, Payroll and Compensation Management, Personnel Management, Learning Management, Pension Management, Compliance Management, Succession Planning
HR Software Manufacturing Cost Analysis
HR Software Key Raw Materials Analysis
HR Software Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
Market Forecast (2019-2025)
……..and more in complete table of Contents
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