Market Research Report
Global HR Software Market Research and Forecast, 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||801133|
Delivery time: 2-3 business days
|Global HR Software Market Research and Forecast, 2019-2025|
|Published: March 4, 2019||Content info:||
Global HR Software Market Size, Share & Trends Analysis Report by Software Type (Learning Management, Benefits and Claim Management, Payroll and Compensation Management, Personnel Management, and Others), by Deployment Model (Cloud and On-premises), by End-Use (Government, Manufacturing, Healthcare, and, Others), and Forecast, 2019 - 2025
HR software is an advanced technological solution that provides a platform that enables the integration of an organization's employee with the HR management system of the organization. It manages a number of information of an employee, including attendance management; leave management; salary management; grievance management; and training; among others.
The increasing focus of government authorities, lawmakers, and database security regulators for improving the compliance necessary for data security of the employees are driving the growth of the global HR software market. The sensitive data are increasingly being pilfered by the cybercriminals, including the information of an employee, social security numbers, residential address, and financial data are breached. This, in turn, is propelling the growth of the market across the globe. Moreover, the launch of HR software that integrates employees on social networking platforms such as LinkedIn and Facebook for increasing the connectivity of employees with the global working environment is spurring the market growth.
The global HR software market is further analyzed and segmented on the basis of regions into North America, Europe, Asia-Pacific, and Rest of the World. North America contributed the largest share in the global HR software market in 2018. The large adoption of this software and solutions in well-established IT hubs of the region such as Silicon Valley is a major factor that spurs the growth of the market in the region. Asia-Pacific is considered to witness the fastest growth in the global HR software market during the forecast period. Rising industrialization in the emerging economies of the region such as China and India is propelling the growth of the market in Asia-Pacific
Major market players operating in the global HR software market include Accenture LLP, Automatic Data Processing, Inc., BambooHR LLC, CEIPAL Corp., Cornerstone OnDemand, Inc., iCIMS, Inc., Oracle Corp., and SAP SE, among others. These companies adopt various strategies such as geographical expansion, merger & acquisition, partnership & collaborations, finding a new market or innovations in their core competency in order to stay competitive in the market.
The market study of the global HR software market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
The report is intended for IT service providers, government agencies, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.