Press Resease

Core HR Software Market - By Component (Services and Software), By Deployment Type (Cloud and On-Premises), By Organization Size (Large Enterprises and Small & Middle Enterprises), By Vertical (Government, Energy & Utilities, Manufacturing, Consumer Goods & Retail, Transportation & Logistics, Healthcare, Telecom & Information Component, and Banking, Financial Services, & Insurance), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 13-Jul-2020 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3334 Status : Published

Global core HR software market is slated to accrue revenue worth nearly 10.33 (USD Billion) by 2026 and record the CAGR of about 8.6% over the period from 2020 to 2026.

Description

The global core HR software market is slated to accrue revenue worth nearly 10.33 (USD Billion) by 2026 and record the CAGR of about 8.6% over the period from 2020 to 2026. The report offers assessment and analysis of the core HR software market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Details of the Report:

Report Metric

Details

Base Year

2019

Historical Data

2017 and 2018

Forecast period

2020-2026

Market Representation

Earnings provided in terms of USD Billion and CAGR estimated from 2020 to 2026

Segments Analyzed

By Component, By Deployment Type, By Vertical, By Organization Size, and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Introduction

Core HR software includes key processes and data pertaining to staff in a firm. The software provides information pertaining to birth date, social security number, and employee address. Furthermore, core HR software also offers information about government norms, employee portal, organization regulations, information about number of leaves, job-titles of staff, compensation benefits, payroll, and self-service. Precisely, the software is also referred as HRM systems used effectively handling backend HR tasks and routine administrative operations of the firm’s business.

Market Growth Factors

Surge in the cloud implementation and growing use of smartphones will steer the market expansion during the forecast timeline. In addition to this, growing automation in HR procedures are few of the major factors driving the market expansion. Apparently, the large-scale usage of core HR software in myriad end-use sectors including healthcare, energy & utilities, transport & logistics, retail & consumer goods, IT & telecom, and manufacturing will spearhead the growth of the core HR software industry in the forthcoming years.

Moreover, humongous acceptance of core HR software services in small as well as medium scale firms will create huge growth prospects for the industry over the ensuing years. Apparently, growing preference for human resource analytics in data mining & various businesses will impel the market elevation in the near future.

North American Market To Acquire Number One Position Over 2020-2026

The growth of the industry in the region over the forecast timespan is owing to growing focus on improving the HR functions in the firms. In addition to this, large-scale sue of smartphones and iPhone coupled with large-scale acceptance of cloud technologies in the countries like the U.S. and Canada will spur the regional market trends.    

Key players influencing the market growth include Workday, Inc., Automatic Data Processing, Ultimate Software, Ceridian HCM, Inc., Paycom Software, Inc., SAP SE, International Business Machine (IBM) Corporation, CoreHR, Oracle Corporation, EmployWise, Paychex, Inc., and SumTotal Systems, LLC.

The global core HR software market is segmented as follows:

By component:

  • Software
    • Benefits & Claims Management
    • Personnel Management
    • Payroll & Compensation Management
    • Pension Management
    • Learning Management
    • Compliance Management
    • Succession Planning
  • Service
    • Maintenance & Support
    • Integration Services
    • Consulting

By deployment type:

  • Cloud
  • On-Premises

By organization size:

  • Large Enterprises
  • Small & Middle Enterprises

By vertical:

  • Energy & Utilities
  • Government
  • Manufacturing
  • Transportation & Logistics
  • Telecom & IT (Information Component)
  • Consumer Goods & Retail
  • Healthcare
  • BFSI (banking, financial services, and insurance)

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Core HR Software Market, 2016–2026(USD Billion)
    • 2.2. Core HR Software Market: Snapshot
  • Chapter 3. Global Core HR Software Market– Industry Analysis
    • 3.1. Core HR Software Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Surge in the cloud implementation and growing use of smartphones will augment the business landscape.
      • 3.2.2. Humongous acceptance of core HR software services in small as well as medium scale firms will create huge growth prospects for market in the upcoming years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Component
      • 3.4.2. Market attractiveness analysis By Deployment Type
      • 3.4.3. Market attractiveness analysis By Organization Size
      • 3.4.4. Market attractiveness analysis By Vertical
  • Chapter 4. Global Core HR Software Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Core HR Software Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Core HR Software Market–Component Analysis
    • 5.1. Global Core HR Software Market overview: By Component
      • 5.1.1. Global Core HR Software Market share, By Component,2019 and 2026
    • 5.2. Services
      • 5.2.1. Global Core HR Software Market by Services, 2016–2026(USD Billion)
    • 5.3. Software
      • 5.3.1. Global Core HR Software Market by Software, 2016–2026(USD Billion)
  • Chapter 6. Global Core HR Software Market–Deployment Type Analysis
    • 6.1. Global Core HR Software Market overview: By Deployment Type
      • 6.1.1. Global Core HR Software Market share, By Deployment Type , 2019 and 2026
    • 6.2. Cloud
      • 6.2.1. Global Core HR Software Market By Cloud , 2016–2026(USD Billion)
    • 6.3. On-Premises
      • 6.3.1. Global Core HR Software Market By On-Premises, 2016–2026(USD Billion)
  • Chapter 7. Global Cast Iron Cookware Market– Organization Size Analysis
    • 7.1. Global Cast Iron Cookware Market overview: By Organization Size
      • 7.1.1. Global Cast Iron Cookware Market share, By Organization Size , 2019 and 2026
    • 7.2. Large Enterprises
      • 7.2.1. Global Cast Iron Cookware Market By Large Enterprises, 2016–2026(USD Billion)
    • 7.3. Small & Middle Enterprises
      • 7.3.1. Global Cast Iron Cookware Market By Small & Middle Enterprises, 2016–2026(USD Billion)
  • Chapter 8. Global Cast Iron Cookware Market– Vertical Analysis
    • 8.1. Global Cast Iron Cookware Market overview: By Vertical
      • 8.1.1. Global Cast Iron Cookware Market share, By Vertical, 2019 and 2026
    • 8.2. Government
      • 8.2.1. Global Cast Iron Cookware Market By Government, 2016–2026(USD Billion)
    • 8.3. Energy & Utilities
      • 8.3.1. Global Cast Iron Cookware Market By Energy & Utilities, 2016–2026(USD Billion)
    • 8.4. Manufacturing
      • 8.4.1. Global Cast Iron Cookware Market By Manufacturing, 2016–2026(USD Billion)
    • 8.5. Consumer Goods & Retail
      • 8.5.1. Global Cast Iron Cookware Market By Consumer Goods & Retail, 2016–2026(USD Billion)
    • 8.6. Transportation & Logistics
      • 8.6.1. Global Cast Iron Cookware Market By Transportation & Logistics, 2016–2026(USD Billion)
    • 8.7. Healthcare
      • 8.7.1. Global Cast Iron Cookware Market By Healthcare, 2016–2026(USD Billion)
    • 8.8. Telecom & Information Technology
      • 8.8.1. Global Cast Iron Cookware Market By Telecom & Information Technology, 2016–2026(USD Billion)
    • 8.9. Banking, Financial Services, & Insurance
      • 8.9.1. Global Cast Iron Cookware Market By Banking, Financial Services, & Insurance, 2016–2026(USD Billion)
  • Chapter 9. Company Profiles
    • 9.1. Automatic Data Processing
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfolio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. Ceridian HCM, Inc.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfolio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. International Business Machine (IBM) Corporation
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfolio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Developments
    • 9.4. CoreHR
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfolio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Developments
    • 9.5. Oracle Corporation
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product Portfolio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. EmployWise
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product Portfolio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Development
    • 9.7. Paychex, Inc.
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product Portfolio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Development
      • 9.7.6.
    • 9.8. Paycom Software, Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product Portfolio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Development
    • 9.9. Ultimate Software
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product Portfolio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Development
    • 9.10. SAP SE
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product Portfolio
      • 9.10.4. Business Strategy
      • 9.10.5. Recent Development
    • 9.11. Workday, Inc.
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product Portfolio
      • 9.11.4. Business Strategy
      • 9.11.5. Recent Development
    • 9.12. SumTotal Systems, LLC
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Product Portfolio
      • 9.12.4. Business Strategy
      • 9.12.5. Recent Development

Methodology


Frequently Asked Questions

Surge in the cloud implementation and growing use of smartphones will steer the market expansion over the forecast timeline.

The CAGR of the industry is expected to be nearly 8.6% during the forecast timespan.

North American region will contribute sizably towards the global market revenue over the estimated timeline.

The key market participants include Automatic Data Processing, Ceridian HCM, Inc., International Business Machine (IBM) Corporation, CoreHR, Oracle Corporation, EmployWise, Paychex, Inc., Paycom Software, Inc., Ultimate Software, SAP SE, Workday, Inc., and SumTotal Systems, LLC
Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

We Accept

We have secured system to process your transaction.


We Are On Social