HR Management Market research report provides global industry size, Core HR, Workforce Management, Sourcing & Recruiting, Applicant Tracking System, Staffing Vendor Management Software & Trends to 2022-HR Management Market
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HR Management market size is expected to grow from $14.50 Billion in 2017 to $22.51 Billion by 2022, due to demand from core HR software and growing at an estimated Compound Annual Growth Rate (CAGR) of 9.2%.
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The HCM ecosystem comprises vendors, such as Workday, Inc. (US), Oracle Corporation (US), SAP SE (Germany), Kronos, Inc. (US), Automatic Data Processing, LLC (US), and Ultimate Software Group, Inc.
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(US), service providers, system integrators, and enterprises. Other stakeholders of the HR Management market include human resource vendors, distributors, Original Equipment Manufacturers (OEMs), consulting service providers, human resources service providers, resellers, telecom operators, enterprise users, and technology providers.
Demand from Target Audience
- HCM solution providers
- HCM platform providers
- Recruiting firms
- Cloud service providers
- Third-party providers
- Channel partners
- Professional service providers
- HR representatives
The core HR segment is expected to hold the largest market share during the forecast period. The core HR software is a very basic requirement for any organization to administer its employee for functions, such as payroll and compensation management, benefits and claims management, personnel management, learning management, pension management, compliance management, and succession planning.
The solutions helps HR personnel effectively manage their employees and maintain a transparent medium between the management and the employees. With the presence of a number of prominent software vendors in the core HR software space, the market is very competitive with many emerging players who offer niche and differentiated solutions, targeting a particular set of customers.
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List of Tables
Table 1 Evaluation Criteria
Table 2 HR Management Market: Assumptions
Table 3 Market Size and Growth Rate, 2015–2022 ($ Million, Y-O-Y %)
Table 4 Market Size, By Component, 2015–2022 ($ Million)
Table 5 Market Size, By Software, 2015–2022 ($ Million)
Table 6 Market Size, By Service, 2015–2022 ($ Million)
Table 7 Market Size, By Software, 2015–2022 ($ Million)
Table 8 Core HR: Market Size, By Region, 2015–2022 ($ Million)
Table 9 Workforce Management: Market Size, By Region, 2015–2022 ($ Million)
Table 10 Sourcing and Recruitment: Market Size, By Region, 2015–2022 ($ Million)
The HCM market has been segmented by component, deployment type, organization size, industry vertical, and region. The report is expected to help market leaders/new entrants in this market in the following ways:
The report segments the HCM market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments. The market numbers were then further split across different verticals and regions.
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Reasons to access the Report
The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
It also helps stakeholders understand the competitors better and gain more insights to enhance the position of their businesses. There is a separate section on competitive landscape, including the competitor ecosystem, and mergers and acquisitions.
Besides, there are company profiles of 14 players, who offer services in this market. In this section, market internals are also provided that can put the stakeholders ahead of their competitors.
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