North America Core HR Software Market Size, Share & Industry Trends Analysis Report By Component, By Deployment Type (Cloud, and On-premise), By Vertical, By Country and Growth Forecast, 2023

List of Tables

The North America Core HR Software Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030).

Many market opportunities are being created due to cloud technology development and mobile deployment expansion. The fundamental market trends for HR software continue to be very beneficial for businesses in maintaining employee records and keeping track of sick days. Employees can access the database through the employee self-portal to modify specific data. The market is flourishing because of the increased use of automated systems in businesses.

The main drivers of the growth of the market are the rising acceptance of digitalization and the increasing demand for HR departments to be automated for effective human resource management throughout various industrial verticals. Over the past ten years, firms have significantly adopted advanced data management systems with integrated payroll, talent, workforce, and recruitment management features. Additionally, this is anticipated to accelerate the uptake of software with various functionalities, particularly core HR software as a service platform, which would subsequently accelerate the growth of the market.

Due to reasons like the COVID-19 pandemic, remote and hybrid work models have become more popular, which has raised the demand for core HR software in the region that can successfully manage remote employees, such as collaboration, tracking time & attendance, and communication. For example, the percentage of people who spend the majority of their working hours at their homes tripled between 2019 and 2021 as per the updated American Community Survey (ACS) 1-year projections for 2021 that were released by the US Census Bureau. The Bureau of Labor Statistics predicted that 8.0 million gross jobs were added to the economy in the fourth quarter of 2022 because of new and expanded private-sector businesses. A dense market's long-term economic advantages entice core HR software providers to extend their service offerings, which fuels the market's continued expansion.

The US market dominated the North America Core HR Software Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,278.5 million by 2030. The Canada market is registering a CAGR of 9% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 8% during (2023 - 2030).

Based on Component, the market is segmented into Software (Learning Management, Payroll & Compensation Management, Benefits & Claims Management, Personnel Management, Pension Management, Compliance Management, and Others), and Services. Based on Deployment Type, the market is segmented into Cloud, and On-premise. Based on Vertical, the market is segmented into Government, Manufacturing, Energy & Utilities, Consumer Goods & Retail, Healthcare, Transportation & Logistics, IT & Telecom, BFSI, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Workday, Inc., SAP SE, ADP, Inc., UKG, Inc., Oracle Corporation, Ceridian HCM Holding, Inc., IBM Corporation, Paycom Payroll LLC, Paylocity Holding Corporation and Cornerstone OnDemand, Inc.

Scope of the Study

Market Segments covered in the Report:

By Component

Software
- Learning Management
- Payroll & Compensation Management
- Benefits & Claims Management
- Personnel Management
- Pension Management
- Compliance Management
- Others
Services

By Deployment Type

Cloud
On-premise

By Vertical

Government
Manufacturing
Energy & Utilities
Consumer Goods & Retail
Healthcare
Transportation & Logistics
IT & Telecom
BFSI
Others

By Country

US
Canada
Mexico
Rest of North America

Companies Profiled

Workday, Inc.
SAP SE
ADP, Inc.
UKG, Inc.
Oracle Corporation
Ceridian HCM Holding, Inc.
IBM Corporation
Paycom Payroll LLC
Paylocity Holding Corporation
Cornerstone OnDemand, Inc.

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Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Core HR Software Market, by Component
- 1.4.2 North America Core HR Software Market, by Deployment Type
- 1.4.3 North America Core HR Software Market, by Vertical
- 1.4.4 North America Core HR Software Market, by Country
1.5 Methodology for the research

Chapter 2. Market At a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints

Chapter 4. Competition Analysis - Global

4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.4.2 Key Strategic Move: (Mergers and Acquisitions: 2021, Apr - 2023, Jun) Leading Players
4.5 Porter's Five Forces Analysis

Chapter 5. North America Core HR Software Market, By Component

5.1 North America Software Market, By Country
5.2 North America Core HR Software Market, By Software Type
- 5.2.1 North America Learning Management Market, By Country
- 5.2.2 North America Payroll & Compensation Management Market, By Country
- 5.2.3 North America Benefits & Claims Management Market, By Country
- 5.2.4 North America Personnel Management Market, By Country
- 5.2.5 North America Pension Management Market, By Country
- 5.2.6 North America Compliance Management Market, By Country
- 5.2.7 North America Others Market, By Country
5.3 North America Services Market, By Country

Chapter 6. North America Core HR Software Market, By Deployment Type

6.1 North America Cloud Market, By Country
6.2 North America On-premise Market, By Country

Chapter 7. North America Core HR Software Market, By Vertical

7.1 North America Government Market, By Country
7.2 North America Manufacturing Market, By Country
7.3 North America Energy & Utilities Market, By Country
7.4 North America Consumer Goods & Retail Market, By Country
7.5 North America Healthcare Market, By Country
7.6 North America Transportation & Logistics Market, By Country
7.7 North America IT & Telecom Market, By Country
7.8 North America BFSI Market, By Country
7.9 North America Others Market, By Country

Chapter 8. North America Core HR Software Market, By Country

8.1 US Core HR Software Market
- 8.1.1 US Core HR Software Market, By Component
  - 8.1.1.1 US Core HR Software Market, By Software Type
- 8.1.2 US Core HR Software Market, By Deployment Type
- 8.1.3 US Core HR Software Market, By Vertical
8.2 Canada Core HR Software Market
- 8.2.1 Canada Core HR Software Market, By Component
  - 8.2.1.1 Canada Core HR Software Market, By Software Type
- 8.2.2 Canada Core HR Software Market, By Deployment Type
- 8.2.3 Canada Core HR Software Market, By Vertical
8.3 Mexico Core HR Software Market
- 8.3.1 Mexico Core HR Software Market, By Component
  - 8.3.1.1 Mexico Core HR Software Market, By Software Type
- 8.3.2 Mexico Core HR Software Market, By Deployment Type
- 8.3.3 Mexico Core HR Software Market, By Vertical
8.4 Rest of North America Core HR Software Market
- 8.4.1 Rest of North America Core HR Software Market, By Component
  - 8.4.1.1 Rest of North America Core HR Software Market, By Software Type
- 8.4.2 Rest of North America Core HR Software Market, By Deployment Type
- 8.4.3 Rest of North America Core HR Software Market, By Vertical

Chapter 9. Company Profiles

9.1 Workday, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional Analysis
- 9.1.4 Recent strategies and developments:
  - 9.1.4.1 Partnerships, Collaborations, and Agreements:
  - 9.1.4.2 Acquisition and Mergers:
- 9.1.5 SWOT Analysis
9.2 SAP SE
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
  - 9.2.5.1 Acquisition and Mergers:
- 9.2.6 SWOT Analysis
9.3 ADP, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Recent strategies and developments:
  - 9.3.4.1 Product Launches and Product Expansions:
  - 9.3.4.2 Acquisition and Mergers:
- 9.3.5 SWOT Analysis
9.4 UKG, Inc.
- 9.4.1 Company Overview
- 9.4.2 Recent strategies and developments:
  - 9.4.2.1 Acquisition and Mergers:
- 9.4.3 SWOT Analysis
9.5 Oracle Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
  - 9.5.5.1 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
9.6 Ceridian HCM Holding, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
  - 9.6.5.1 Product Launches and Product Expansions:
  - 9.6.5.2 Acquisition and Mergers:
- 9.6.6 SWOT Analysis
9.7 IBM Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
  - 9.7.5.1 Partnerships, Collaborations, and Agreements:
  - 9.7.5.2 Product Launches and Product Expansions:
  - 9.7.5.3 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
9.8 Paycom Payroll LLC.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Research & Development Expenses
- 9.8.4 Recent strategies and developments:
  - 9.8.4.1 Product Launches and Product Expansions:
- 9.8.5 SWOT Analysis
9.9 PAYLOCITY HOLDING CORPORATION
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Research & Development Expenses
- 9.9.4 Recent strategies and developments:
  - 9.9.4.1 Acquisition and Mergers:
- 9.9.5 SWOT Analysis
9.10. Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
- 9.10.1 Company Overview
- 9.10.2 Recent strategies and developments:
  - 9.10.2.1 Product Launches and Product Expansions:
  - 9.10.2.2 Acquisition and Mergers:
- 9.10.3 SWOT Analysis

LIST OF TABLES

TABLE 1 North America Core HR Software Market, 2019 - 2022, USD Million
TABLE 2 North America Core HR Software Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Core HR Software Market
TABLE 4 Product Launches And Product Expansions- Core HR Software Market
TABLE 5 Acquisition and Mergers- Core HR Software Market
TABLE 6 North America Core HR Software Market, By Component, 2019 - 2022, USD Million
TABLE 7 North America Core HR Software Market, By Component, 2023 - 2030, USD Million
TABLE 8 North America Software Market, By Country, 2019 - 2022, USD Million
TABLE 9 North America Software Market, By Country, 2023 - 2030, USD Million
TABLE 10 North America Core HR Software Market, By Software Type, 2019 - 2022, USD Million
TABLE 11 North America Core HR Software Market, By Software Type, 2023 - 2030, USD Million
TABLE 12 North America Learning Management Market, By Country, 2019 - 2022, USD Million
TABLE 13 North America Learning Management Market, By Country, 2023 - 2030, USD Million
TABLE 14 North America Payroll & Compensation Management Market, By Country, 2019 - 2022, USD Million
TABLE 15 North America Payroll & Compensation Management Market, By Country, 2023 - 2030, USD Million
TABLE 16 North America Benefits & Claims Management Market, By Country, 2019 - 2022, USD Million
TABLE 17 North America Benefits & Claims Management Market, By Country, 2023 - 2030, USD Million
TABLE 18 North America Personnel Management Market, By Country, 2019 - 2022, USD Million
TABLE 19 North America Personnel Management Market, By Country, 2023 - 2030, USD Million
TABLE 20 North America Pension Management Market, By Country, 2019 - 2022, USD Million
TABLE 21 North America Pension Management Market, By Country, 2023 - 2030, USD Million
TABLE 22 North America Compliance Management Market, By Country, 2019 - 2022, USD Million
TABLE 23 North America Compliance Management Market, By Country, 2023 - 2030, USD Million
TABLE 24 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 25 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 26 North America Services Market, By Country, 2019 - 2022, USD Million
TABLE 27 North America Services Market, By Country, 2023 - 2030, USD Million
TABLE 28 North America Core HR Software Market, By Deployment Type, 2019 - 2022, USD Million
TABLE 29 North America Core HR Software Market, By Deployment Type, 2023 - 2030, USD Million
TABLE 30 North America Cloud Market, By Country, 2019 - 2022, USD Million
TABLE 31 North America Cloud Market, By Country, 2023 - 2030, USD Million
TABLE 32 North America On-premise Market, By Country, 2019 - 2022, USD Million
TABLE 33 North America On-premise Market, By Country, 2023 - 2030, USD Million
TABLE 34 North America Core HR Software Market, By Vertical, 2019 - 2022, USD Million
TABLE 35 North America Core HR Software Market, By Vertical, 2023 - 2030, USD Million
TABLE 36 North America Government Market, By Country, 2019 - 2022, USD Million
TABLE 37 North America Government Market, By Country, 2023 - 2030, USD Million
TABLE 38 North America Manufacturing Market, By Country, 2019 - 2022, USD Million
TABLE 39 North America Manufacturing Market, By Country, 2023 - 2030, USD Million
TABLE 40 North America Energy & Utilities Market, By Country, 2019 - 2022, USD Million
TABLE 41 North America Energy & Utilities Market, By Country, 2023 - 2030, USD Million
TABLE 42 North America Consumer Goods & Retail Market, By Country, 2019 - 2022, USD Million
TABLE 43 North America Consumer Goods & Retail Market, By Country, 2023 - 2030, USD Million
TABLE 44 North America Healthcare Market, By Country, 2019 - 2022, USD Million
TABLE 45 North America Healthcare Market, By Country, 2023 - 2030, USD Million
TABLE 46 North America Transportation & Logistics Market, By Country, 2019 - 2022, USD Million
TABLE 47 North America Transportation & Logistics Market, By Country, 2023 - 2030, USD Million
TABLE 48 North America IT & Telecom Market, By Country, 2019 - 2022, USD Million
TABLE 49 North America IT & Telecom Market, By Country, 2023 - 2030, USD Million
TABLE 50 North America BFSI Market, By Country, 2019 - 2022, USD Million
TABLE 51 North America BFSI Market, By Country, 2023 - 2030, USD Million
TABLE 52 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 53 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 54 North America Core HR Software Market, By Country, 2019 - 2022, USD Million
TABLE 55 North America Core HR Software Market, By Country, 2023 - 2030, USD Million
TABLE 56 US Core HR Software Market, 2019 - 2022, USD Million
TABLE 57 US Core HR Software Market, 2023 - 2030, USD Million
TABLE 58 US Core HR Software Market, By Component, 2019 - 2022, USD Million
TABLE 59 US Core HR Software Market, By Component, 2023 - 2030, USD Million
TABLE 60 US Core HR Software Market, By Software Type, 2019 - 2022, USD Million
TABLE 61 US Core HR Software Market, By Software Type, 2023 - 2030, USD Million
TABLE 62 US Core HR Software Market, By Deployment Type, 2019 - 2022, USD Million
TABLE 63 US Core HR Software Market, By Deployment Type, 2023 - 2030, USD Million
TABLE 64 US Core HR Software Market, By Vertical, 2019 - 2022, USD Million
TABLE 65 US Core HR Software Market, By Vertical, 2023 - 2030, USD Million
TABLE 66 Canada Core HR Software Market, 2019 - 2022, USD Million
TABLE 67 Canada Core HR Software Market, 2023 - 2030, USD Million
TABLE 68 Canada Core HR Software Market, By Component, 2019 - 2022, USD Million
TABLE 69 Canada Core HR Software Market, By Component, 2023 - 2030, USD Million
TABLE 70 Canada Core HR Software Market, By Software Type, 2019 - 2022, USD Million
TABLE 71 Canada Core HR Software Market, By Software Type, 2023 - 2030, USD Million
TABLE 72 Canada Core HR Software Market, By Deployment Type, 2019 - 2022, USD Million
TABLE 73 Canada Core HR Software Market, By Deployment Type, 2023 - 2030, USD Million
TABLE 74 Canada Core HR Software Market, By Vertical, 2019 - 2022, USD Million
TABLE 75 Canada Core HR Software Market, By Vertical, 2023 - 2030, USD Million
TABLE 76 Mexico Core HR Software Market, 2019 - 2022, USD Million
TABLE 77 Mexico Core HR Software Market, 2023 - 2030, USD Million
TABLE 78 Mexico Core HR Software Market, By Component, 2019 - 2022, USD Million
TABLE 79 Mexico Core HR Software Market, By Component, 2023 - 2030, USD Million
TABLE 80 Mexico Core HR Software Market, By Software Type, 2019 - 2022, USD Million
TABLE 81 Mexico Core HR Software Market, By Software Type, 2023 - 2030, USD Million
TABLE 82 Mexico Core HR Software Market, By Deployment Type, 2019 - 2022, USD Million
TABLE 83 Mexico Core HR Software Market, By Deployment Type, 2023 - 2030, USD Million
TABLE 84 Mexico Core HR Software Market, By Vertical, 2019 - 2022, USD Million
TABLE 85 Mexico Core HR Software Market, By Vertical, 2023 - 2030, USD Million
TABLE 86 Rest of North America Core HR Software Market, 2019 - 2022, USD Million
TABLE 87 Rest of North America Core HR Software Market, 2023 - 2030, USD Million
TABLE 88 Rest of North America Core HR Software Market, By Component, 2019 - 2022, USD Million
TABLE 89 Rest of North America Core HR Software Market, By Component, 2023 - 2030, USD Million
TABLE 90 Rest of North America Core HR Software Market, By Software Type, 2019 - 2022, USD Million
TABLE 91 Rest of North America Core HR Software Market, By Software Type, 2023 - 2030, USD Million
TABLE 92 Rest of North America Core HR Software Market, By Deployment Type, 2019 - 2022, USD Million
TABLE 93 Rest of North America Core HR Software Market, By Deployment Type, 2023 - 2030, USD Million
TABLE 94 Rest of North America Core HR Software Market, By Vertical, 2019 - 2022, USD Million
TABLE 95 Rest of North America Core HR Software Market, By Vertical, 2023 - 2030, USD Million
TABLE 96 Key Information - Workday, Inc.
TABLE 97 Key Information - sap se
TABLE 98 Key Information - ADP, Inc.
TABLE 99 Key Information - UKG, Inc.
TABLE 100 Key Information - Oracle Corporation
TABLE 101 Key Information - Ceridian HCM holding, Inc.
TABLE 102 Key Information - IBM Corporation
TABLE 103 Key Information - Paycom Payroll LLC.
TABLE 104 Key Information - PAYLOCITY HOLDING CORPORATION
TABLE 105 Key Information - Cornerstone OnDemand, Inc.

North America Core HR Software Market Size, Share & Industry Trends Analysis Report By Component, By Deployment Type (Cloud, and On-premise), By Vertical, By Country and Growth Forecast, 2023 - 2030

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