Global Human Resource Management Software Market Report 2020

Dublin, Feb. 07, 2020 (GLOBE NEWSWIRE) — The “Global Human Resource Management Software Market, By Component (Software, Service), By Deployment Mode, By Enterprise Size (SME, Large Enterprise), By Vertical, By Region, Competition, Forecast & Opportunities, 2025” report has been added to ResearchAndMarkets.com’s offering.
The Global Human Resource Management Software Market is expected to grow at a formidable growth rate of around 9% till 2025.The market is driven by the advancements in IT, introduction of predictive analytics in HR process, increasing adoption of cloud among SMEs to effectively manage field and office personnel, among others.Additionally, associated advantages such as digitalization of HR activities, reducing data redundancy, faster retrieval and sharing of information, improving the scalability of the business operations, digital storage & deep analysis of data and information at every level, imposing & enforcing role based system between the employees & management, improving security & efficiency, improving the efficiency of the employees and bringing about overall employee satisfaction, among others with the software are further propelling the market during forecast period.Based on component, the market can be bifurcated into software (core HR, recruitment, talent management, workforce planning & analytics, others) and service (training & consulting, support & maintenance, integration & implementation, and Others).Based on deployment model, the market can be divided into On-Cloud and On-Premises segments. The On-Cloud segment is expected to dominate the market since it provides more data security and helps enterprises comply with various regulations.Based on organization size, the market can be categorized into SMEs and large enterprises. The SMEs segment is expected to grow during the forecast period. This can be ascribed to the adoption and implementation of human resource management software by different SMEs since the human resource management software helps reduce the burden of carrying out administrative tasks and allows employees to focus on the organizational development.Among all the regions, North America dominates the overall human resource management software market owing to the increasing adoption of technologies such as automation, cloud-based services, etc.
Major players operating in the Global Human Resource Management Software Market include Automatic Data Processing (ADP), Inc., IBM Corp., Accenture PLC, Kronos Inc., Oracle Corp., SAP SE, Workday Inc., Ultimate Software Group, Inc., Cezanne HR Ltd., CorestoneOnDemand, and others.The companies are developing advanced technologies and launching new services in order to stay competitive in the market. For instance, in November 2018, Kronos Inc., introduced one of the most powerful artificial intelligence engines, AIMEE, designed to support employees and managers.Historical Years: 2015-2018Base Year: 2019Estimated Year: 2020Forecast Period: 2021-2025
Objective of the StudyTo analyze and forecast the market size of the Global Human Resource Management Software Market.To classify and forecast the Global Human Resource Management Software Market based on component, deployment mode, enterprise size, vertical, company and regional distribution.To identify drivers and challenges for the Global Human Resource Management Software Market.To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Human Resource Management Software Market.To identify and analyze the profile of leading players operating in the Global Human Resource Management Software Market.Key Topics Covered
1. Product OverviewFor more information about this report visit https://www.researchandmarkets.com/r/rpz3c2Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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