Market Highlights
The
increasing incorporation of AI into human resource management software is
likely to be a key trend in the global human resource management software
market over the forecast period. AI is applied in various ways in human
resource management, including screening applicants when they first apply, to
tracking their applications and then helping to integrate them into the
company’s workflow through digital walk-throughs and portals.
The
global human resource management software market is expected to exhibit a
robust 14% CAGR over the forecast period from 2018 to 2023, according to the
latest research report from Market Research Future (MRFR). The global human
resource management software market is analyzed in detail in the report, which
presents a detailed outline of the market’s historical growth trends and
further provides forecasts regarding the market’s likely growth trajectory over
the forecast period. Leading players in the global human resource management
software market are also profiled in the report to provide readers with a clear
picture of the market’s competitive landscape.
Human
resource management software has become a major component of the major
corporate sector due to the growing demand for streamlined, centralized
management of human resource management materials. The traditional stack of
paperwork that represented human resource management jobs has been replaced in
the modern world by online databases and artificial intelligence (AI), which
has made the job of HR executives much easier and more streamlined. The
centralized management of HR operations in human resource management software
allows ease in cross-department operations, as all relevant data is stored on a
single database. The automation of HR activities through human resource management
software also eliminates the risk of manual error, thus making HR divisions
more efficient and productive.
On
the other hand, human resource management software developers are likely to
focus exceedingly on the incorporation of robust security tools into the
software in the coming years, as human resource management software presents a
major security risk due to the large volume of personal employee information
contained in the database. This is also likely to be a key factor in the human
resource management software market’s growth over the forecast period.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6212 Segmentation:
The
market for human resource management software has been segmented on the basis
of deployment, organization size, solution, service, vertical, and region.
By
deployment, the market is segmented into on-premise and on-cloud deployment.
By
organization size, the human resource management software market is segmented
into small & medium enterprises and large enterprises.
By
solution, the HR management software market is segmented into workforce
management, sourcing and recruitment, applicant tracking system, talent
management, and others.
By
service, the market is segmented into integration & deployment, support
& maintenance, training & consulting.
By
vertical, the human resource management software market is segmented into BFSI,
IT & Telecom, public sector, manufacturing, retail, healthcare,
transportation & logistics, and others.
Regional Analysis:
North
America is likely to dominate the global human resource management software
market over the forecast period due to the growing adoption of AI and digital
tools in the corporate sector in the region. Widespread availability of
high-grade communications infrastructure and cloud support has also been a
major driver for the human resource management software market in the region.
Leading players in the global human resource management software market are
also located in North America, further increasing the region’s promise.
Asia
Pacific is expected to exhibit the fastest growth rate in the global human
resource management software market in the coming years due to the growing
demand for digital support to HR functions in the corporate sector in countries
such as China, India, Japan, and South Korea.
Competitive
Dashboard:
Leading
players in the global human resource management software market include IBM
Corporation, Cezanne HR Ltd., Accenture PLC, Ultimate Software Group Inc.,
Talentsoft, Automatic Data Processing LLC, Oracle Corporation, Kronos Inc., SAP
SE, and Workday Inc.
In
July 2019, ThinkHR and Mammoth HR announced a merger, with the combined company
likely to utilize the individual specialties of each company and focus on
expanding its product catalog to cater to end users in a wide range of
industries.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/human-resources-management-software-market-6212
List
of Figures
FIGURE
1 Global Human Resource Management Software Market Segmentation
FIGURE
2 Forecast Methodology
FIGURE
3 Porter’s Five Forces Analysis Of Human Resource Management Software Market
FIGURE
4 Value Chain Of Human Resource Management Software Market
FIGURE
5 Share Of Human Resource Management Software Market In 2018, By Country (In %)
FIGURE
6 Global Human Resource Management Software Market, 2018–2023,
FIGURE
7 Global Human Resource Management Software Market Size By Deployment, 2018
FIGURE
8 Share Of Global Human Resource Management Software Market By Deployment, 2018
To 2023
FIGURE
9 Global Human Resource Management Software Market Size By Organization Size,
2018
FIGURE
10 Share Of Human Resource Management Software Market By Organization Size,
2018 To 2023
FIGURE
11 Global Human Resource Management Software Market Size By Solution, 2018
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Nice blog, very interesting to read,
ReplyDeleteEResource scheduler, Resource Management Software , maintains a centralized directory of all your resources along with all possible information (skills, qualifications, certificates etc.).