HR Software Market Trends, Sales, Supply, Demand, Analysis & Forecast to 2025

Posted by Faraz on January 30th, 2020

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 – 2025HR 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.

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Major market players operating in the global HR software market include Accenture LLP, Automatic Data Processing, Inc., BambooHR LLC, CEIPAL Corp., Cornerstone On Demand, Inc., iCIMS, Inc., Oracle Corp., and SAP SE, 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.

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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

Market segment by Type, the product can be split into

•          Benefits and Claims Management
•          Payroll and Compensation Management
•          Personnel Management
•          Learning Management
•          Pension Management
•          Compliance Management
•          Succession Planning

Market segment by Application, the market can be split into

•          Government
•          Manufacturing
•          Energy and Utilities
•          Consumer Goods and Retail
•          Healthcare
•          Transportation and Logistics
•          Others

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