Core HR Software Market to Reach A CAGR of 10.21% By The Year 2029
Global core HR software market was valued at USD 17.18 billion in 2021 and is
expected to reach USD 37.40 billion by 2029, registering a CAGR of 10.21%
during the forecast period of 2022-2029.
Key Pointers Covered
in Core HR Software Market Industry Trends and Forecast to 2029
·
Market
Size
·
Market
New Sales Volumes
·
Market
Replacement Sales Volumes
·
Market
Installed Base
·
Market
By Brands
·
Market
Procedure Volumes
·
Market
Product Price Analysis
·
Market
Regulatory Framework and Changes
·
Market
Shares in Different Regions
·
Recent
Developments for Market Competitors
·
Market
Upcoming Applications
·
Market
Innovators Study
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Benefits of
Considering this Report:
·
This
report is compiled using a vigorous and thorough research methodology. Data
Bridge Market Research is also known for its data accuracy and granular market
reports.
·
A
complete picture of the competitive scenario of Core HR Software Market is
depicted by this report.
·
The
report consists of a vast amount of data about the recent product and
technological developments in the markets.
·
The
insights in the report are easy to understand and include a graphical
representation of the numbers in the form of histograms, bar graphs, pie
charts, etc.
Core HR Software
Market Scope and Market Size
The core HR software market is segmented on the basis of component,
deployment type, organization size and verticals. The growth amongst these
segments will help you analyze meagre growth segments in the industries and
provide the users with a valuable market overview and market insights to help
them make strategic decisions for identifying core market applications.
Component
·
Software
·
Benefits
and Claims Management
·
Payroll
and Compensation Management
·
Personnel
Management
·
Learning
Management
·
Pension
Management
·
Compliance
Management
·
Succession
Planning
·
Services
·
Support
and Consulting
·
Maintenance
·
Integration
Services
Deployment
Type
·
On-Premises
·
Cloud
Organization
Size
·
Large
Enterprises
·
Small
and Medium-Sized Enterprises
Verticals
·
Government
·
Manufacturing
·
Energy
and Utilities
·
Consumer
Goods and Retail
·
Healthcare
·
Transportation
and Logistics
·
Telecom
and Information Technology (IT)
·
Banking,
Financial Services, and Insurance (BFSI)
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Some of the key questions answered in this
report:
·
How has the Core HR Software Market performed so
far and how will it perform in the coming years?
·
What are the key regional markets?
·
What is the breakup of the market based on the
procedure?
·
What is the breakup of the market based on the
injury location?
·
What is the breakup of the market based on the
end user?
·
What are the various stages in the value chain
of the industry?
·
What are the key driving factors and challenges
in the industry?
·
What is the structure of the Core HR Software
Market and who are the key players?
·
What is the degree of competition in the
industry?
Market Analysis and
Insights: Core HR Software Market
·
The core HR software industry supports an HR
database that includes employee data, tax withholdings, and the ability to
enroll in benefits. Employees can access and change their personal information
on the employee self-portal with the aid of the software, which in turn
increases demand for HR software and boosts the growth of the core HR software
market. The HR software is useful for tracking down staff absences as well. The
core HR software market share is expected to increase due to all of these
advantageous qualities.
·
The management, simplification, and automation
of departmental tasks are accomplished using human resource software, also
referred to as human resource information system software or human capital
management software. There are numerous HR solutions on the market, including
HCM, HRMS, HRIS, talent management systems, and more. This software's functions
include managing payroll and benefits administration, storing employee data,
and monitoring the business's legal and regulatory employment requirements. HR
software is basically software that stores employee data and allows easy access
through a centralized database.
·
Growth and expansion of various end user
verticals such as banking, financial services, and insurance, retail and
ecommerce, healthcare and life sciences, travel and hospitality, telecom, media
and entertainment and others is fostering the market growth rate. Increased
focus of these industries towards improving the HR services will carve down
greater opportunities.
·
Furthermore, factors such as rising
urbanization, industrialization, mounting cloud, and mobile deployment during
the forecast period are other important market drivers. Additionally, rising
investment by the enterprises on integrated technologies combined with
increasing usage of advanced data management systems are anticipated to drive
the market's growth rate.
Core HR Software Market Country Level Analysis
·
U.S., Canada and
Mexico in [North America]
·
Germany, France,
U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, [Rest of
Europe]
·
China, Japan,
India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia,
Philippines, [Rest of Asia-Pacific (APAC)]
·
Saudi Arabia,
U.A.E, South Africa, Egypt, Israel, [Rest of Middle East and Africa (MEA)]
·
Brazil, Argentina
and [Rest of South America]
Core HR Software
Market Share Analysis
The core HR software market
competitive landscape provides details by competitor. Details included are
company overview, company financials, revenue generated, market potential,
investment in research and development, new market initiatives, global
presence, production sites and facilities, production capacities, company
strengths and weaknesses, product launch, product width and breadth,
application dominance. The above data points provided are only related to the
companies' focus related to core HR software market.
Key player Core
HR Software Market
·
ADP,
Inc. (U.S.)
·
Ceridian
HCM, Inc. (U.S.)
·
The
Access Group (U.K.)
·
EmployWise
(India)
·
IBM
(U.S.)
·
Oracle
(U.S.)
·
Paychex
Inc. (U.S.)
·
Paycom.
(U.S.)
·
SAP SE
(Germany)
·
SumTotal
Systems, LLC. (U.S.)
·
UKG
Inc. (U.S.)
·
Workday,
Inc. (U.S.)
·
Peopleworks
(U.S.)
·
Ramco
Systems. (India)
·
Emportant.
(India)
·
TrustRadius.
(U.S.)
·
Cezanne
HR Limited. (U.K.)
·
Vibe
HCM, Inc. (U.S.)
·
TriNet
Group, Inc. (U.S.)
MAJOR TOC OF THE REPORT
·
Chapter
One: Introduction
·
Chapter
Two: Market Segmentation
·
Chapter
Three: Market Overview
·
Chapter
Four: Executive Summary
·
Chapter
Five: Premium Insights
·
Chapter
Six: Core HR Software Market Share by Product & Procedure type
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=global-core-hr-software-market
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