Market Overview:
The global human resource software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based HR software and the growing trend of using HR software for workforce planning and analytics. The on-premise HR software segment is expected to dominate the global human resource software market during the forecast period, owing to its low cost and high customization options. However, the cloud-based HR software segment is projected to grow at a higher CAGR than on-premise HRsoftware due to its advantages such as scalability, flexibility, and lower total cost of ownership (TCO). The large enterprises segment is expected to account for a larger share ofthe global human resourcesoftware market than small and mediumsized enterprises (SMEs)duringthe forecastperiod.
Product Definition:
Human Resource Software is a tool that helps businesses manage employee data, tracking payroll, scheduling shifts, and managing benefits. It can also automate some of the HR processes such as onboarding and offboarding. The importance of Human Resource Software lies in its ability to help businesses efficiently manage their employee data. This can save time and money while improving the overall efficiency of the business operations.
On-Premise:
On-premise software is a type of Human Resource Management (HRM) software that runs from the customer's own server or computer. The term on-premise can be used for both cloud and non-cloud based HRMS. On-premises solutions are installed and run from the end user’s site without any external involvement of an internet service provider or third party.
Cloud-Based:
Cloud-based solutions are software services that are hosted on the cloud and can be accessed from any location through a web browser. Cloud-based applications have gained popularity in recent years owing to benefits such as increased access, cost efficiency, and flexibility. The technology is expected to witness significant growth over the forecast period due to factors such as increasing adoption of mobile computing devices and rising demand for SaaS (Software As A Service) based applications.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to factors such as increasing demand for HRS solutions, growing need for managing employee relations, and a surge in demand for performance management applications.
The SMEs segment is projected to witness significant growth over the forecast period owing to an increase in digital transformation initiatives by small businesses across the globe. A rise in digitalization has enabled small businesses with remote access to essential business information from anywhere at any time. This factor is anticipated to drive SME adoption of human resource software thereby fueling regional market growth over the coming years.
Regional Analysis:
The market in North America accounted for the largest revenue share in 2017. The region is expected to continue its dominance over the forecast period, owing to factors such as increasing adoption of cloud-based HR software by small and medium enterprises (SMEs) and rapid technological advancements. In addition, presence of a large number of global players headquartered in U.S., which have been consistently investing in research & development activities to develop advanced human resource management solutions is also anticipated to drive regional growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast years due with growing penetration of e-learning programs across various industries coupled with rising demand for onshore & offshore processing centers by SMEs based out China and India that require efficient workforce management solutions integrated with other business processes such as accounting, billing, etc.
Growth Factors:
- Increasing demand for automation in HR processes to improve efficiency and accuracy
- Proliferation of big data and analytics, which can help organizations make better decisions about employee management
- The increasing trend of workplace flexibility and remote working, which requires specialized software to manage employees effectively across different locations
- Rapid globalization of businesses, which leads to the need for standardized HR processes across different countries
- The growing number of millennials entering the workforce, who are accustomed to using technology in their personal lives and expect similar tools from their employers
Scope Of The Report
Report Attributes
Report Details
Report Title
Human Resource Software Market Research Report
By Type
On-Premise, Cloud-Based
By Application
Large Enterprises, Small and Medium-sized Enterprises (SMEs)
By Companies
BambooHR, Zoho, Conrep, Bitrix, Reward Gateway, BizMerlin, Talenthub, Calamari, HR Bakery, iCIMS, Workday, Ceridian, Workable Software
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Human Resource Software Market Report Segments:
The global Human Resource Software market is segmented on the basis of:
Types
On-Premise, Cloud-Based
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 and Medium-sized Enterprises (SMEs)
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:
- BambooHR
- Zoho
- Conrep
- Bitrix
- Reward Gateway
- BizMerlin
- Talenthub
- Calamari
- HR Bakery
- iCIMS
- Workday
- Ceridian
- Workable Software
Highlights of The Human Resource Software 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:
- On-Premise
- Cloud-Based
- By Application:
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
- 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 Software 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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- Consumer Insights
- Understanding Competition Scenario
- 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 software is a type of software that helps organizations manage their human resources. It can include features such as employee tracking, payroll, and benefits management.
Some of the major players in the human resource software market are BambooHR, Zoho, Conrep, Bitrix, Reward Gateway, BizMerlin, Talenthub, Calamari, HR Bakery, iCIMS, Workday, Ceridian, Workable Software.
The human resource software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Human Resource Software 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 Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Human Resource Software 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 Software 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 Software Market Size & Forecast, 2018-2028
4.5.1 Human Resource Software Market Size and Y-o-Y Growth
4.5.2 Human Resource Software Market Absolute $ Opportunity
Chapter 5 Global Human Resource Software 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 Software Market Size Forecast by Type
5.2.1 On-Premise
5.2.2 Cloud-Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Human Resource Software 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 Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 Small and Medium-sized Enterprises (SMEs)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Human Resource Software 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 Software 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 Software Analysis and Forecast
9.1 Introduction
9.2 North America Human Resource Software 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 Software Market Size Forecast by Type
9.6.1 On-Premise
9.6.2 Cloud-Based
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 Software Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 Small and Medium-sized Enterprises (SMEs)
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 Software Analysis and Forecast
10.1 Introduction
10.2 Europe Human Resource Software 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 Software Market Size Forecast by Type
10.6.1 On-Premise
10.6.2 Cloud-Based
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 Software Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 Small and Medium-sized Enterprises (SMEs)
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 Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Human Resource Software 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 Software Market Size Forecast by Type
11.6.1 On-Premise
11.6.2 Cloud-Based
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 Software Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 Small and Medium-sized Enterprises (SMEs)
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 Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Human Resource Software 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 Software Market Size Forecast by Type
12.6.1 On-Premise
12.6.2 Cloud-Based
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 Software Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 Small and Medium-sized Enterprises (SMEs)
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 Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Human Resource Software 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 Software Market Size Forecast by Type
13.6.1 On-Premise
13.6.2 Cloud-Based
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 Software Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 Small and Medium-sized Enterprises (SMEs)
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 Software Market: Competitive Dashboard
14.2 Global Human Resource Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BambooHR
14.3.2 Zoho
14.3.3 Conrep
14.3.4 Bitrix
14.3.5 Reward Gateway
14.3.6 BizMerlin
14.3.7 Talenthub
14.3.8 Calamari
14.3.9 HR Bakery
14.3.10 iCIMS
14.3.11 Workday
14.3.12 Ceridian
14.3.13 Workable Software
