A Core HR Software is a type of software which performs all the functions performed by the HR department which includes tasks such as recruitment, employee relations, retention and training.
Market Definition: Global Core HR Software Market
The Core HR Software is software which performs all the functions performed by the HR department which includes tasks such as recruitment, employee relations, retention and training. The software stores all the information in a proper database which can extract as and when required.
The growing demand of automation in the HR process, growing cloud deployment among others is boosting the growth of this market where as reluctance to the adoption of core HR software may hinder the growth of this market.
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Global Core HR Software Market By Geography, Component (Software, Services),Deployment Type (On-Premises and Cloud), Organization Size (SMEs, Large Enterprises), Vertical (Government, Manufacturing, Energy &Utilities, Consumer Goods &Retail, Healthcare, Transportation &Logistics, Telecom &Information Technology, BFSI)- Industry Trends and Forecast to 2024
Market Analysis: Global Core HR Software Market
The Global Core HR Software Market accounted for USD 6.1 billion in 2016 growing at a CAGR of 8.7% during the forecast period of 2017 to 2024.
The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Drivers & Restraints:
- Rise In Cloud And Mobile Deployment
- Increase In Automation of HR Processes
- Reluctance To The Adoption of Core HR Software
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Market Segmentation: Global Core HR Software Market
The global core HR software market is segmented on the basis of component into software and services. The software are further sub segmented into benefits and claims management, payroll and compensation management, learning management, personnel management, pension management, compliance management and succession planning.
The services are further sub segmented into integration services, maintenance and support and consulting.
On the basis of deployment type, the global core HR software market is segmented into on-premises and cloud.
By organization size, the global core HR software market is segmented into small &medium enterprises (SMEs), and large enterprises.
By vertical the global core HR software market is segmented into government, manufacturing, energy and utilities, consumer goods and retail, healthcare, transportation and logistics, telecom and information technology and BFSI (Banking, Financial services and Insurance).
On the basis of geography, the global core HR software market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
Company Share Analysis: Global Core HR Software Market
The report for global core HR Software market analysis include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Core HR Software Market
Some of the major players of the global Core HR Software market are International Business Machine, Oracle Corporation, Paycom Software, Inc., SAP SE, SumTotal Systems, Ultimate Software, Workday, Inc., EmployWise, CoreHR, Ceridian HCM, Automatic Data Processing, PeopleWorks, Ramco Systems., Emportant Technologies Pvt Ltd, TrustRadiusTerms, Cezanne HR Limited among others.
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Research Methodology: Global Core HR Software Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.
Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your enquiry.
Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales In Terms Of Hardware, Software, And Services Availed, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.
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