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Global core HR software market explored in latest research

IT Market Research

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.

Definition of Global Core HR Software Market 

The Core HR Software Make an Inquiry about this news 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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Years considered for this report:

  • Historical Years: 2014-2015
  • Base Year: 2016
  • Estimated Year: 2017
  • Forecast Period: 2017–2024

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

Top Market Competitors of Global Core HR Software 

  • International Business Machine,
  • Oracle Corporation,
  • Paycom Software,
  • SAP SE,
  • SumTotal Systems,
  • Ultimate Software,
  • Workday,
  • EmployWise,
  • CoreHR,
  • among others.

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Market Segmentation :

The global core HR software market is segmented on the basis of component into software and services.