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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