Market Overview:
The global human resource professional services market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hosted and on-premise HR software solutions by large enterprises and small & medium enterprises (SMEs). North America is expected to lead the global HRPS market in terms of revenue, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Human Resource Professional Services is a term used to describe the various services that are offered by professionals in the field of human resources. These services can include anything from recruitment and selection to training and development. The importance of human resource professional services varies depending on the organization, but in general they can be very beneficial in helping an organization manage its people effectively.
Hosted:
The global hosted HR professional services market size was valued at USD 2.67 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The shift of enterprises towards cloud-based solutions for improving efficiency, agility, and reducing costs is one of the key factors driving demand for hosted HR professional services across various industry verticals globally.
On-premise:
On-premise software is a type of software that is installed and used directly without going through any third-party servers. The on-premise solutions have the entire source code available, which allows the users to customize every aspect of the solution as per their business needs. On-premise deployment also offers data security from cyber threats as all sensitive data will be stored internally and there will be no access for hackers to get this information.
Application Insights:
The large enterprises segment dominated the global human resource professional services market in 2017. This can be attributed to the growing demand for HCM solutions from large organizations. The small and medium-sized enterprises (SMEs) segment is expected to witness significant growth over the forecast period owing to increasing adoption of cloud-based applications and online training by these companies.
The SMEs are increasingly adopting modern technologies such as social networks, e-commerce, online payment systems and digital marketing for their business operations. These factors are anticipated to drive product demand from 2018 to 2030.
Regional Analysis:
The North American region dominated the global market in 2017. The growing adoption of HRMS solutions, along with the presence of a large number of vendors, is expected to drive demand for human resource professional services over the forecast period. In addition, increasing implementation and deployment activities are also expected to fuel growth over the next eight years.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to factors such as improving economic conditions and rapid technological advancements in developing countries such as India and China. Furthermore, an increase in small & medium enterprises (SMEs) across these economies will further boost demand for hosted or on-premise HRMS solutions thereby driving regional growth over next eight years.
Growth Factors:
- Increasing demand for human resource professionals owing to the growth of the economy and the increasing complexity of business operations.
- Rapid changes in technology and its impact on businesses, which has led to an increased demand for specialized human resource professionals who can manage these changes effectively.
- The globalization of businesses, which has resulted in a greater need for cross-cultural understanding and expertise among human resource professionals.
- The increasing number of women entering the workforce, which has led to a greater demand for gender-sensitive human resources policies and practices.
- The aging population in many countries, which is resulting in an increased need for experts in gerontology and other areas related to managing older employees
Scope Of The Report
Report Attributes
Report Details
Report Title
Human Resource Professional Services Market Research Report
By Type
Hosted, On-premise
By Application
Large Enterprises, Small & Medium Enterprises
By Companies
Accenture PLC, PricewaterhouseCoopers (PwC), SAP SE, Talentsoft, Ultimate Software, Workday, Inc., Automatic Data Processing (ADP), Inc., Cezanne HR Ltd., Ceridian HCM, Inc., IBM Corporation, Kronos Incorporated, Mercer LLC, NetSuite, Inc., Oracle Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Human Resource Professional Services Market Report Segments:
The global Human Resource Professional Services market is segmented on the basis of:
Types
Hosted, On-premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, Small & Medium Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture PLC
- PricewaterhouseCoopers (PwC)
- SAP SE
- Talentsoft
- Ultimate Software
- Workday, Inc.
- Automatic Data Processing (ADP), Inc.
- Cezanne HR Ltd.
- Ceridian HCM, Inc.
- IBM Corporation
- Kronos Incorporated
- Mercer LLC
- NetSuite, Inc.
- Oracle Corporation
Highlights of The Human Resource Professional Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hosted
- On-premise
- By Application:
- Large Enterprises
- Small & Medium Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Human Resource Professional Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Human resource professional services is a category of business that provides consulting and support to organizations in the area of human resources. Services may include helping to develop and implement HR policies, managing employee records, conducting interviews, providing training programs, and more.
Some of the major companies in the human resource professional services market are Accenture PLC, PricewaterhouseCoopers (PwC), SAP SE, Talentsoft, Ultimate Software, Workday, Inc., Automatic Data Processing (ADP), Inc., Cezanne HR Ltd., Ceridian HCM, Inc., IBM Corporation, Kronos Incorporated, Mercer LLC, NetSuite, Inc., Oracle Corporation.
The human resource professional services market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Human Resource Professional Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Human Resource Professional Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Human Resource Professional Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Human Resource Professional Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Human Resource Professional Services Market Size & Forecast, 2018-2028
4.5.1 Human Resource Professional Services Market Size and Y-o-Y Growth
4.5.2 Human Resource Professional Services Market Absolute $ Opportunity
Chapter 5 Global Human Resource Professional Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Human Resource Professional Services Market Size Forecast by Type
5.2.1 Hosted
5.2.2 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Human Resource Professional Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Human Resource Professional Services Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 Small & Medium Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Human Resource Professional Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Human Resource Professional Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Human Resource Professional Services Analysis and Forecast
9.1 Introduction
9.2 North America Human Resource Professional Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Human Resource Professional Services Market Size Forecast by Type
9.6.1 Hosted
9.6.2 On-premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Human Resource Professional Services Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 Small & Medium Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Human Resource Professional Services Analysis and Forecast
10.1 Introduction
10.2 Europe Human Resource Professional Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Human Resource Professional Services Market Size Forecast by Type
10.6.1 Hosted
10.6.2 On-premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Human Resource Professional Services Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 Small & Medium Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Human Resource Professional Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Human Resource Professional Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Human Resource Professional Services Market Size Forecast by Type
11.6.1 Hosted
11.6.2 On-premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Human Resource Professional Services Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 Small & Medium Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Human Resource Professional Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Human Resource Professional Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Human Resource Professional Services Market Size Forecast by Type
12.6.1 Hosted
12.6.2 On-premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Human Resource Professional Services Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 Small & Medium Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Human Resource Professional Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Human Resource Professional Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Human Resource Professional Services Market Size Forecast by Type
13.6.1 Hosted
13.6.2 On-premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Human Resource Professional Services Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 Small & Medium Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Human Resource Professional Services Market: Competitive Dashboard
14.2 Global Human Resource Professional Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture PLC
14.3.2 PricewaterhouseCoopers (PwC)
14.3.3 SAP SE
14.3.4 Talentsoft
14.3.5 Ultimate Software
14.3.6 Workday, Inc.
14.3.7 Automatic Data Processing (ADP), Inc.
14.3.8 Cezanne HR Ltd.
14.3.9 Ceridian HCM, Inc.
14.3.10 IBM Corporation
14.3.11 Kronos Incorporated
14.3.12 Mercer LLC
14.3.13 NetSuite, Inc.
14.3.14 Oracle Corporation
