Global Human Resource Management Software Market segmentation by Software type (Core HR, Employee Collaboration & Engagement, Recruiting, Talent Management, Workforce Planning & Analytics and Others), by Service (Integration & Deployment, Support & Maintenance, Training & Consulting), by Deployment (Hosted, On-premise), by Enterprise Size (Large Enterprise, Small & Medium Enterprise), by End-user (Academia, BFSI, Government, Healthcare, IT & Telecom, Manufacturing, Retail, Others), by Region (North America, APAC, Europe, MEA& Africa, South America).
Various factors such as rise in cloud & mobile deployment, increasing automation of HR processes, increasing adoption of core HR by SMEs and organizations inclination toward HR analytics are driving the global human resources management market over forecast period.
However, factors such as reluctance to the adoption of core HR software, lack of awareness about new technologies & capabilities in core HR software and regional difference in labour laws are restraining the market growth over forecast period.
Global Human Resource Management Software Market segmented by software type, service, deployment, enterprise size, by end-user and by Region. By software, the core HR software held 27.98% of market share in 2019 and is expected to keep its dominance over forecast period. The high demand for automation of different HR functions in the various government department.
By geography, market is segmented into North America, APAC, Europe, MEA& Africa and South America. North America held 34.87% of market share in 2019 and is expected to keep its dominance over forecast period. The presence of major HRM solution providers such as Automatic Data Processing (ADP) (US), Ceridian HCM, Inc. (US), International Business Machine (IBM) Corporation (US), Oracle Corporation (US), Paychex Inc. (US), Paycom Software, Inc. (US) in this region is mainly driving the market growth in this region.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Human Resource Management Software Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Human Resource Management Software Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Human Resource Management Software Market positioning of competitors.