Core Human Resource Software Market by Component, Deployment Model, Enterprise Size, Industry – Global Market Analysis and Forecast (2020 – 2025)
- Report Code : SMA2155917
- Published On: Dec, 2020
- Category : IT & Telecom
- Pages : 140
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Global core human resource software market generated revenue of US$ XX.X billion in 2020 and is expected to reach US$ XX.X billion by 2025 with a CAGR of X.X% 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.
Solution segment accounts the dominating position in the market.
• Based on components, core human resource software is segmented into solutions and services. The solution 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.
o 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.
o 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.
o Based on industry, the core human resource software is segmented into banking, financial services and insurance (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.
o 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:
o 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.
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With tables and figures helping analyze worldwide Core Human Resource Software market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
1. Introduction
2. Market Overview
2.1. Global Core Human Resource (HR) Software Market Introduction
2.2. Macro- Economic Factor
2.3. Market Determinants
2.3.1. Market Driver
2.3.2. Market Restraints
2.3.3. Market Opportunities
2.3.4. Market Challenges
2.4. Value Chain Analysis
2.5. Technology/Product Roadmap
2.6. Porters 5 Force Model
2.7. Market Growth Opportunity Analysis
3. Market Segmentation
3.1. Global Core Human Resource (HR) Software Market Analysis (US$ Mn), By Component, 2019 - 2025
3.1.1. Solution
3.1.1.1. Benefits and Claims Management
3.1.1.2. Compliance Management
3.1.1.3. Learning Management
3.1.1.4. Payroll and Compensation Management
3.1.1.5. Pension Management
3.1.1.6. Personnel Management
3.1.1.7. Succession Planning
3.1.2. Services
3.1.2.1. Professional Services
3.1.2.2. Managed Services
3.2. Global Core Human Resource (HR) Software Market Analysis (US$ Mn), By Deployment Model, 2019 – 2025
3.2.1. On- Premises
3.2.2. Cloud Based
3.3. Global Core Human Resource (HR) Software Market Analysis (US$ Mn), By Enterprise Size, 2019 – 2025
3.3.1. Small & Medium Enterprises
3.3.2. Large Enterprises
3.4. Global Core Human Resource (HR) Software Market Analysis (US$ Mn), By Industry, 2019 – 2025
3.4.1. Banking, Financial Services, and Insurance
3.4.2. Consumer Goods and Retail
3.4.3. Energy and Utilities
3.4.4. Government
3.4.5. Healthcare
3.4.6. Manufacturing
3.4.7. Telecom and Information Technology
3.4.8. Transportation and Logistics
3.4.9. Others
4. Regional Analysis
4.1. North America Core Human Resource (HR) Software Market Analysis (US$ Mn), 2019 - 2025
4.1.1. By Country
4.1.1.1. U.S.
4.1.1.2. Canada
4.1.2. By Component
4.1.2.1. Solution
4.1.2.1.1. Benefits and Claims Management
4.1.2.1.2. Compliance Management
4.1.2.1.3. Learning Management
4.1.2.1.4. Payroll and Compensation Management
4.1.2.1.5. Pension Management
4.1.2.1.6. Personnel Management
4.1.2.1.7. Succession Planning
4.1.2.2. Services
4.1.2.2.1. Professional Services
4.1.2.2.2. Managed Services
4.1.3. By Deployment Model
4.1.3.1. On- Premises
4.1.3.2. Cloud Based
4.1.4. By Enterprise Size
4.1.4.1. Small & Medium Enterprises
4.1.4.2. Large Enterprises
4.1.5. By Industry
4.1.5.1. Banking, Financial Services, and Insurance
4.1.5.2. Consumer Goods and Retail
4.1.5.3. Energy and Utilities
4.1.5.4. Government
4.1.5.5. Healthcare
4.1.5.6. Manufacturing
4.1.5.7. Telecom and Information Technology
4.1.5.8. Transportation and Logistics
4.1.5.9. Others
4.2. Europe Core Human Resource (HR) Software Market Analysis (US$ Mn), 2019 - 2025
4.2.1. By Country, 2019 – 2025
4.2.1.1. Germany
4.2.1.2. U.K.
4.2.1.3. France
4.2.1.4. Italy
4.2.1.5. Spain
4.2.1.6. Rest of Europe
4.2.2. By Component
4.2.2.1. Solution
4.2.2.1.1. Benefits and Claims Management
4.2.2.1.2. Compliance Management
4.2.2.1.3. Learning Management
4.2.2.1.4. Payroll and Compensation Management
4.2.2.1.5. Pension Management
4.2.2.1.6. Personnel Management
4.2.2.1.7. Succession Planning
4.2.2.2. Services
4.2.2.2.1. Professional Services
4.2.2.2.2. Managed Services
4.2.3. By Deployment Model
4.2.3.1. On- Premises
4.2.3.2. Cloud Based
4.2.4. By Enterprise Size
4.2.4.1. Small & Medium Enterprises
4.2.4.2. Large Enterprises
4.2.5. By Industry
4.2.5.1. Banking, Financial Services, and Insurance
4.2.5.2. Consumer Goods and Retail
4.2.5.3. Energy and Utilities
4.2.5.4. Government
4.2.5.5. Healthcare
4.2.5.6. Manufacturing
4.2.5.7. Telecom and Information Technology
4.2.5.8. Transportation and Logistics
4.2.5.9. Others
4.3. Asia Pacific Core Human Resource (HR) Software Market Analysis (US$ Mn), 2019 - 2025
4.3.1. By Country, 2019 – 2025
4.3.1.1. China
4.3.1.2. Japan
4.3.1.3. India
4.3.1.4. Rest of Asia Pacific
4.3.2. By Component
4.3.2.1. Solution
4.3.2.1.1. Benefits and Claims Management
4.3.2.1.2. Compliance Management
4.3.2.1.3. Learning Management
4.3.2.1.4. Payroll and Compensation Management
4.3.2.1.5. Pension Management
4.3.2.1.6. Personnel Management
4.3.2.1.7. Succession Planning
4.3.2.2. Services
4.3.2.2.1. Professional Services
4.3.2.2.2. Managed Services
4.3.3. By Deployment Model
4.3.3.1. On- Premises
4.3.3.2. Cloud Based
4.3.4. By Enterprise Size
4.3.4.1. Small & Medium Enterprises
4.3.4.2. Large Enterprises
4.3.5. By Industry
4.3.5.1. Banking, Financial Services, and Insurance
4.3.5.2. Consumer Goods and Retail
4.3.5.3. Energy and Utilities
4.3.5.4. Government
4.3.5.5. Healthcare
4.3.5.6. Manufacturing
4.3.5.7. Telecom and Information Technology
4.3.5.8. Transportation and Logistics
4.3.5.9. Others
4.4. Middle East & Africa Core Human Resource (HR) Software Market Analysis (US$ Mn), 2019 - 2025
4.4.1. By Country, 2019 – 2025
4.4.1.1. Middle East
4.4.1.2. Africa
4.4.2. By Component
4.4.2.1. Solution
4.4.2.1.1. Benefits and Claims Management
4.4.2.1.2. Compliance Management
4.4.2.1.3. Learning Management
4.4.2.1.4. Payroll and Compensation Management
4.4.2.1.5. Pension Management
4.4.2.1.6. Personnel Management
4.4.2.1.7. Succession Planning
4.4.2.2. Services
4.4.2.2.1. Professional Services
4.4.2.2.2. Managed Services
4.4.3. By Deployment Model
4.4.3.1. On- Premises
4.4.3.2. Cloud Based
4.4.4. By Enterprise Size
4.4.4.1. Small & Medium Enterprises
4.4.4.2. Large Enterprises
4.4.5. By Industry
4.4.5.1. Banking, Financial Services, and Insurance
4.4.5.2. Consumer Goods and Retail
4.4.5.3. Energy and Utilities
4.4.5.4. Government
4.4.5.5. Healthcare
4.4.5.6. Manufacturing
4.4.5.7. Telecom and Information Technology
4.4.5.8. Transportation and Logistics
4.4.5.9. Others
4.5. Latin America Core Human Resource (HR) Software Market Analysis (US$ Mn), 2019 - 2025
4.5.1. By Country, 2019 – 2025
4.5.1.1. Brazil
4.5.1.2. Mexico
4.5.1.3. Rest of Latin America
4.5.2. By Component
4.5.2.1. Solution
4.5.2.1.1. Benefits and Claims Management
4.5.2.1.2. Compliance Management
4.5.2.1.3. Learning Management
4.5.2.1.4. Payroll and Compensation Management
4.5.2.1.5. Pension Management
4.5.2.1.6. Personnel Management
4.5.2.1.7. Succession Planning
4.5.2.2. Services
4.5.2.2.1. Professional Services
4.5.2.2.2. Managed Services
4.5.3. By Deployment Model
4.5.3.1. On- Premises
4.5.3.2. Cloud Based
4.5.4. By Enterprise Size
4.5.4.1. Small & Medium Enterprises
4.5.4.2. Large Enterprises
4.5.5. By Industry
4.5.5.1. Banking, Financial Services, and Insurance
4.5.5.2. Consumer Goods and Retail
4.5.5.3. Energy and Utilities
4.5.5.4. Government
4.5.5.5. Healthcare
4.5.5.6. Manufacturing
4.5.5.7. Telecom and Information Technology
4.5.5.8. Transportation and Logistics
4.5.5.9. Others
5. Competitive Analysis
5.1. Company Share Analysis (%) 2019
5.2. List of Acquisition, Merger, Collaboration & New Product Launch
6. Company Profiles
6.1. Automatic Data Processing Inc
6.2. Ceridian HCM Holding Inc
6.3. CoreHR Ltd
6.4. EmployWise
6.5. International Business Machines Corp
6.6. Oracle Corp
6.7. Paychex Inc
6.8. Paycom Software Inc
6.9. SAP SE
6.10. SumTotal Systems LLC
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The Core Human Resource Software Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.
Report Objectives / Segmentation Covered :
By Companies / players:
By Regions:
By Type:
By Application:
Frequently asked questions(FAQ's):
Recognize the areas along the Core Human Resource Software Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
The Core Human Resource Software Market is expected to reach a reasonable valuation by 2029; now the market is expected to shift its focus from growth to value.
The influx of capital into the Core Human Resource Software Market, as well as the deployment of technologies designed to increase efficiency and yield high volume, are paving the way for promising market opportunities.
The Core Human Resource Software Market is expected to reach a considerable market valuation.
