Core HR Software Market was valued at US$ 8.63 Bn in 2022 and is expected to reach US$ 15.88 Bn by 2029, at a CAGR of 9.1% during a forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report HR software is designed to help employees and management perform at their full potential and is implemented by businesses of all sizes to increase productivity and overall employee satisfaction. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding core HR software market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to emerging segment in the core HR software market.
Core HR Software Market Dynamics:
Growing interest to automate manual HR processes together with an increasing preference for utilizing HR data for effective decision-making is the prominent factor driving the growth of the global core HR software market. Moreover, rapid growth in the cloud and mobile deployment and rising demand for automation in the HR process is also boosting the core HR software market growth. Furthermore, growing interest in tracking workforce performance, rising focus on integrating data analysis capabilities, and increasing preference for interactive reports with easy-to-read dashboards fuel the growth of the core HR software market. However, averseness in the adoption of HR software is one of the major limiting factors in the global core HR software market during the forecast period.Core HR Software Market Segment Analysis:
The small and medium-sized enterprises segment for core HR software is estimated to grow at the highest CAGR during the forecast period. Organizations with employee range between 100 and 1,000 are considered under small and medium-sized enterprises. Small and medium-sized enterprises face some specific challenges like the requirement of domain-specific technical personnel and skilled workforce, budget constraint, and restricted economies of scale. More than large enterprises, small and medium-sized enterprises face resource crunch and require improved methods to solve the complexities for well cost optimization on their assets and requirements. The government segment is estimated to contribute to the largest market share during the forecast period. The government employs a significant workforce size and needs software to manage the documents of an employee. The government sector wants better tools to manage its budget constraint issues and changing priorities to manage HR. North America is expected to have the largest market share and is expected to lead the market during the forecast period owing to the adoption of new technologies like the enlarged use of smartphones and cloud platforms. The startups and developing players in the region offer customized, differentiated, and flexible products to meet the need of HR professionals.Core HR Software Market Scope: Inquire before buying
Core HR Software Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 8.63 Bn. Forecast Period 2023 to 2029 CAGR: 9.1% Market Size in 2029: US $ 15.88 Bn. Segments Covered: by Software • Benefits & Claims Management • Learning Management • Personnel Management • Payroll & Compensation Management • Pension Management • Compliance Management • Succession Planning by Deployment Type • On-Premises • Cloud by Service • Integration Services • Maintenance & Support • Consulting Services by Organization Size • Small and Medium-Sized Enterprises • Large Enterprises Core HR Software Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Key Players Operating in the Global Core HR Software Market
• Automatic Data Processing • Ceridian HCM, Inc. • CoreHR • EmployWise • International Business Machine (IBM) Corporation • Oracle Corporation • Paychex, Inc. • Paycom Software, Inc. • SAP SE • SumTotal Systems, LLC. (A Skillsoft Company) • Ultimate Software • Workday, Inc. • Kronos Incorporated • Ascentis • Automatic Payroll Systems, Inc. • Vibe HCM, Inc. • TriNet Group, Inc. Frequently Asked Questions: 1. Which region has the largest share in Global Core HR Software Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Core HR Software Market? Ans: The Global Core HR Software Market is growing at a CAGR of 9.1% during forecasting period 2023-2029. 3. What is scope of the Global Core HR Software Market report? Ans: Global Core HR Software Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What is the study period of this Market? Ans: The Global Core HR Software Market is studied from 2022 to 2029.
Global Core HR Software Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Core HR Software Market, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Global Core HR Software Market Industry Trends 5. Supply Side and Demand Side Indicators 6. Global Core HR Software Market Analysis and Forecast 6.1. Global Core HR Software Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Core HR Software Market Analysis and Forecast, by Software 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Core HR Software Market Value Share Analysis, by Software 7.4. Global Core HR Software Market Size (US$ Bn) Forecast, by Software 7.5. Global Core HR Software Market Analysis, by Software 7.6. Global Core HR Software Market Attractiveness Analysis, by Software 8. Global Core HR Software Market Analysis and Forecast, by Deployment Type 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Core HR Software Market Value Share Analysis, by Deployment Type 8.4. Global Core HR Software Market Size (US$ Bn) Forecast, by Deployment Type 8.5. Global Core HR Software Market Analysis, by Deployment Type 8.6. Global Core HR Software Market Attractiveness Analysis, by Deployment Type 9. Global Core HR Software Market Analysis and Forecast, by Service 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Core HR Software Market Value Share Analysis, by Service 9.4. Global Core HR Software Market Size (US$ Bn) Forecast, by Service 9.5. Global Core HR Software Market Analysis, by Service 9.6. Global Core HR Software Market Attractiveness Analysis, by Service 10. Global Core HR Software Market Analysis and Forecast, by Organization Size 10.1. Introduction and Definition 10.2. Key Findings 10.3. Global Core HR Software Market Value Share Analysis, by Organization Size 10.4. Global Core HR Software Market Size (US$ Bn) Forecast, by Organization Size 10.5. Global Core HR Software Market Analysis, by Organization Size 10.6. Global Core HR Software Market Attractiveness Analysis, by Organization Size 11. Global Core HR Software Market Analysis and Forecast, by Vertical 11.1. Introduction and Definition 11.2. Key Findings 11.3. Global Core HR Software Market Value Share Analysis, by Vertical 11.4. Global Core HR Software Market Size (US$ Bn) Forecast, by Vertical 11.5. Global Core HR Software Market Analysis, by Vertical 11.6. Global Core HR Software Market Attractiveness Analysis, by Vertical 12. Global Core HR Software Market Analysis, by Region 12.1. Global Core HR Software Market Value Share Analysis, by Region 12.2. Global Core HR Software Market Size (US$ Bn) Forecast, by Region 12.3. Global Core HR Software Market Attractiveness Analysis, by Region 13. North America Core HR Software Market Analysis 13.1. Key Findings 13.2. North America Core HR Software Market Overview 13.3. North America Core HR Software Market Value Share Analysis, by Software 13.4. North America Core HR Software Market Forecast, by Software 13.4.1. Benefits & Claims Management 13.4.2. Learning Management 13.4.3. Personnel Management 13.4.4. Payroll & Compensation Management 13.4.5. Pension Management 13.4.6. Compliance Management 13.4.7. Succession Planning 13.5. North America Core HR Software Market Value Share Analysis, by Deployment Type 13.6. North America Core HR Software Market Forecast, by Deployment Type 13.6.1. On-Premises 13.6.2. Cloud 13.7. North America Core HR Software Market Value Share Analysis, by Service 13.8. North America Core HR Software Market Forecast, by Service 13.8.1. Integration Services 13.8.2. Maintenance & Support 13.8.3. Consulting Services 13.9. North America Core HR Software Market Value Share Analysis, by Organization Size 13.10. North America Core HR Software Market Forecast, by Organization Size 13.10.1. Small and Medium-Sized Enterprises 13.10.2. Large Enterprises 13.11. North America Core HR Software Market Value Share Analysis, by Vertical 13.12. North America Core HR Software Market Forecast, by Vertical 13.12.1. Healthcare 13.12.2. Manufacturing 13.12.3. Government 13.12.4. Consumer Goods & Retail 13.12.5. BFSI 13.12.6. Telecom & IT 13.12.7. Energy & Utilities 13.12.8. Others 13.13. North America Core HR Software Market Value Share Analysis, by Country 13.14. North America Core HR Software Market Forecast, by Country 13.14.1. U.S. 13.14.2. Canada 13.15. North America Core HR Software Market Analysis, by Country 13.16. U.S. Core HR Software Market Forecast, by Software 13.16.1. Benefits & Claims Management 13.16.2. Learning Management 13.16.3. Personnel Management 13.16.4. Payroll & Compensation Management 13.16.5. Pension Management 13.16.6. Compliance Management 13.16.7. Succession Planning 13.17. U.S. Core HR Software Market Forecast, by Deployment Type 13.17.1. On-Premises 13.17.2. Cloud 13.18. U.S. Core HR Software Market Forecast, by Service 13.18.1. Integration Services 13.18.2. Maintenance & Support 13.18.3. Consulting Services 13.19. U.S. Core HR Software Market Forecast, by Organization Size 13.19.1. Small and Medium-Sized Enterprises 13.19.2. Large Enterprises 13.20. U.S. Core HR Software Market Forecast, by Vertical 13.20.1. Healthcare 13.20.2. Manufacturing 13.20.3. Government 13.20.4. Consumer Goods & Retail 13.20.5. BFSI 13.20.6. Telecom & IT 13.20.7. Energy & Utilities 13.20.8. Others 13.21. Canada Core HR Software Market Forecast, by Software 13.21.1. Benefits & Claims Management 13.21.2. Learning Management 13.21.3. Personnel Management 13.21.4. Payroll & Compensation Management 13.21.5. Pension Management 13.21.6. Compliance Management 13.21.7. Succession Planning 13.22. Canada Core HR Software Market Forecast, by Deployment Type 13.22.1. On-Premises 13.22.2. Cloud 13.23. Canada Core HR Software Market Forecast, by Service 13.23.1. Integration Services 13.23.2. Maintenance & Support 13.23.3. Consulting Services 13.24.