What is Human Resource Management Software Market?
Human resource management market includes software such as Core HR, Applicant tracking system, HR analytics, workforce management and others. It helps to manage the entire lifecycle of the employee and comply with the government regulations. The increasing workforce and data is rising the demand of workforce management system or human resource management system. Hence, these factors are increasing the demand of human resource management software.
The market study is being classified by Type (Core HR, Employee Collaboration & Engagement, Recruiting, Talent Management, Workforce Planning & Analytics and Others), by Application (Academia, BFSI, Government, Healthcare, IT & Telecom, Manufacturing, Retail and Others) and major geographies with country level break-up.
IBM Corporation (United States), SAP SE (Germany), Accenture PLC (Ireland), Automatic Data Processing (ADP), Inc. (United States), Cezanne HR Ltd. (United Kingdom), Ceridian HCM, Inc. (United States), Kronos Incorporated (United States), Mercer LLC (United States), NetSuite, Inc. (United States), Oracle Corporation (United States) and PricewaterhouseCoopers (PwC) (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are ADP LLC (United States), Workday (United States) and Ultimate Software (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Human Resource Management Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Human Resource Management Software market by Type, Application and Region.
On the basis of geography, the market of Human Resource Management 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Workforce across the Globe
- Features Such as Multi-Channel Activity Tracking, and Real Time Management
- Increased Adoption of Cloud Deployment in Industries
- High Initial Costs Associated with Implementation of Software
- Technological Advancements in Big Data Analytics, Machine Learning, Internet of Things is Booting the Market
- Rising Adoption of Software to Manage the Lifecycle of Employees
- Requirement of Maintenance Services
Market Leaders and some development strategies
In October 2018, Oracle introduced AI capabilities in HCM. It enables the HR trained bot to answer common HR questions quickly and easily. and In July 2019, Ultimate Software launched the Employee File Management, which would help HR professionals to easily share documents with third parties irrespective of their location.
Key Target AudienceManufacturers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Human Resource Management Software Market?
"Rising Workforce across the Globe
" is seen as one of major growth factors of Human Resource Management Software Market in years to come.
2. Can we have customized study for Human Resource Management Software Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Human Resource Management Software Market?
United States will lead Human Resource Management Software Market in coming years.