Core HR Software Market – Global Industry Trends and Forecast to 2024

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Global Core HR Software Market – Industry Trends and Forecast to 2024

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Global Core HR Software Market

Global Core HR Software Market By Geography, Component (Software, Services),Deployment Type (On-Premises and Cloud), Organization Size (SMEs,Large Enterprises), Vertical (Government, Manufacturing, Energy &Utilities, Consumer Goods &Retail, Healthcare, Transportation &Logistics, Telecom &Information Technology, BFSI)- Industry Trends and Forecast to 2024

Market Analysis: Global Core HR Software Market 

The Global Core HR Software Market accounted for USD 6.1 billion in 2016 growing at a CAGR of 8.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Core HR Software Market 

The Core HR Software is software which performs all the functions performed by the HR department which includes tasks such as recruitment, employee relations, retention and training. The software stores all the information in a proper database which can extract as and when required. The growing demand of automation in the HR process, growing cloud deployment among others is boosting the growth of this market where as reluctance to the adoption of core HR software may hinder the growth of this market.

Major Market Drivers & Restraints:

  • Rise In Cloud And Mobile Deployment
  • Increase In Automation of HR Processes
  • Reluctance To The Adoption of Core HR Software 

Market Segmentation: Global Core HR Software Market 

The global core HR software market is segmented on the basis of component into software and services. The software are further  sub segmented into  benefits and claims management, payroll and compensation management, learning management, personnel management, pension management, compliance management and succession planning. The services are further sub segmented into integration services, maintenance and support and consulting.

On the basis of deployment type, the global core HR software market is segmented into on-premises and cloud.

By organization size, the global core HR software market is segmented into small &medium enterprises (SMEs), and large enterprises.

By vertical the global core HR software market is segmented into government, manufacturing, energy and utilities, consumer goods and retail, healthcare, transportation and logistics, telecom and information technology and BFSI (Banking, Financial services and Insurance).

On the basis of geography, the global core HR software market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis: Global Core HR Software Market 

The report for global core HR Software market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Major Market Competitors: Global Core HR Software Market 

Some of the major players of the global Core HR Software market are International Business Machine, Oracle Corporation, Paycom Software, Inc., SAP SE, SumTotal Systems, Ultimate Software, Workday, Inc., EmployWise, CoreHR, Ceridian HCM, Automatic Data Processing, PeopleWorks, Ramco Systems., Emportant Technologies Pvt Ltd, TrustRadiusTerms, Cezanne HR Limited among others.

Research Methodology: Global Core HR Software Market 

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst call or can drop down your enquiry.

Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales In Terms Of Hardware, Software, And Services Availed, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.

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TABLE OF CONTENTS GLOBAL CORE HR SOFTWARE MARKET

1. INTRODUCTION

1.1 OVERVIEW OF THE GLOBAL CORE HR SOFTWARE MARKET
1.2 CURRENCY AND PRICING
1.3 LIMITATION
1.4 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 KEY TAKEAWAYS

2.2 ARRIVING AT THE GLOBAL CORE HR SOFTWARE MARKET SIZE

2.2.1 VENDOR POSITIONING GRID
2.2.2 TECHNOLOGY LIFE LINE CURVE
2.2.3 MARKET TIME LINE
2.2.4 MARKET GUIDE
2.2.5 COMPANY POSITIONING GRID
2.2.6 COMAPANY MARKET SHARE ANALYSIS
2.2.7 MULTIVARIATE MODELLING
2.2.8 STANDARDS OF MEASUREMENT
2.2.9 TOP TO BOTTOM ANALYSIS
2.2.10 VENDOR SHARE ANALYSIS
2.2.11 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.2.12 DATA POINTS FROM KEY SECONDARY DATABASES

2.3 GLOBAL CORE HR SOFTWARE MARKET: RESEARCH SNAPSHOT

2.4 ASSUMPTIONS

3 MARKET OVERVIEW

3.1 DRIVERS

3.1.1 INCREASING CLOUD AND MOBILE DEPLOYMENT
3.1.2 INCREASE IN AUTOMATION OF HR PROCESSES

3.2 RESTRAINTS

3.2.1 LACK OF ADOPTION OF CORE HR SOFTWARE

3.3 OPPORTUNITIES

3.3.1 DEMAND FROM MULTI-NATIONAL COMPANIES FOR SOFTWARE TO RECORD AND MINIMIZE ATTRITION RATE, MANAGE PERFORMANCE OF EMPLOYEES, PENSION ADMINISTRATION AMONG OTHERS
3.3.2 INCLINATION OF ORGANISATIONS TOWARDS HR ANALYTICS

3.4 CHALLENGES

3.4.1 LACK OF AWARENESS OF TECHNOLOGIES IN CORE HR SOFTWARE
3.4.2 DIFFERENCE IN LABOR LAWS GLOBALLY

4 EXECUTIVE SUMMARY

5 PREMIUM INSIGHTS

5.1. VENDOR POSITIONING GRID AND INVESTMENT OPPORTUNITIES
5.2. TECHNOLOLGICAL ADVANCEMENTS
5.3. INSIGHTS ON TECHNOLOGICAL DEVELOPMENTS IN THE GLOBAL CORE HR SOFTWARE MARKET
5.4. MARKET REGULATORY SCENARIO BY COUNTRY
5.5. INTERVIEW KEY INSIGHTS

6 GLOBAL CORE HR SOFTWARE MARKET, BY SOFTWARE

6.1 BENEFITS AND CLAIMS MANAGEMENT
6.2 PAYROLL AND COMPENSATION MANAGEMENT
6.3 PERSONNEL MANAGEMENT
6.4 LEARNING MANAGEMENT
6.5 PENSION MANAGEMENT
6.6 COMPLIANCE MANAGEMENT
6.7 SUCCESSION PLANNING

7 GLOBAL CORE HR SOFTWARE MARKET, BY SERVICE

7.1 OVERVIEW
7.2 INTEGRATION SERVICES
7.3 MAINTENANCE AND SUPPORT
7.4 CONSULTING SERVICES

8 GLOBAL CORE HR SOFTWARE MARKET, BY COMPONENTS

8.1 OVERVIEW
8.2 SOFTWARE
8.3 SERVICES

9 GLOBAL CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE

9.1 OVERVIEW
9.2 CLOUD
9.3 ON-PREMISES

10 GLOBAL CORE HR SOFTWARE MARKET, BY ORGANISATION SIZE

10.1 SMALL AND MEDIUM-SIZED ENTERPRISES
10.2 LARGE ENTERPRISES

11 GLOBAL CORE HR SOFTWARE MARKET, BY VERTICAL

11.1 GOVERNMENT
11.2 MANUFACTURING
11.3 ENERGY AND UTILITIES
11.4 CONSUMER GOODS AND RETAIL
11.5 HEALTHCARE
11.6 TRANSPORTATION AND LOGISTICS
11.7 TELECOM AND INFORMATION TECHNOLOGY
11.8 BANKING
11.9 FINANCIAL SERVICES AND INSURANCE
11.10 OTHERS

12 GLOBAL CORE HR SOFTWARE MARKET, BY COUNTRY

12.1 COUNTRY WISE GLOBAL CORE HR SOFTWARE MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)

12.1.1 NORTH AMERICA

12.1.1.1 U.S.
12.1.1.2 CANADA
12.1.1.3 MEXICO

12.1.2 EUROPE

12.1.2.1. GERMANY
12.1.2.2 FRANCE
12.1.2.3 U.K.
12.1.2.4 ITALY
12.1.2.5 SPAIN
12.1.2.6 RUSSIA
12.1.2.7 TURKEY
12.1.2.8 BELGIUM
12.1.2.9 NETHERLANDS
12.1.2.10 SWITZERLAND
12.1.2.11 REST OF EUROPE

12.1.3 ASIA-PACIFIC (APAC)

12.1.3.1 JAPAN
12.1.3.2 CHINA
12.1.3.3 SOUTH KOREA
12.1.3.4 INDIA
12.1.3.5 AUSTRALIA
12.1.3.6 SINGAPORE
12.1.3.7 THAILAND
12.1.3.8 MALAYSIA
12.1.3.9 INDONESIA
12.1.3.10 PHILIPPINES
12.1.3.11 REST OF APAC

12.1.4 SOUTH AMERICA

12.1.4.1 BRAZIL
12.1.4.2 REST OF LATIN AMERICA
12.1.5 MIDDLE EAST AND AFRICA
12.1.5.1 SAUDI ARABIA
12.1.5.2 SOUTH AFRICA
12.1.5.3 REST OF MIDDLE EAST AND AFRICA

12.2 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES

13 GLOBAL CORE HR SOFTWARE MARKET: COMPETITIVE LANDSCAPE

13.1. GLOBAL CORE HR SOFTWARE MARKET: COMPANY SHARE ANALYSIS
13.2. NORTH AMERICA CORE HR SOFTWARE MARKET: COMPANY SHARE ANALYSIS
13.3. EUROPE CORE HR SOFTWARE MARKET: COMPANY SHARE ANALYSIS
13.4. APAC CORE HR SOFTWARE MARKET: COMPANY SHARE ANALYSIS
13.5. MEA CORE HR SOFTWARE MARKET: COMPANY SHARE ANALYSIS
13.6. SOUTH AMERICA CORE HR SOFTWARE MARKET: COMPANY SHARE ANALYSIS
13.7. MERGERS & ACQUISITIONS
13.8. NEW PRODUCT DEVELOPMENT & APPROVALS
13.9. EXPANSIONS
13.13. REGULATORY CHANGES
13.13. PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS

14 GLOBAL CORE HR SOFTWARE MARKET, COMPANY PROFILES

14.1 ADP, LLC

14.1.1 COMPANY OVERVIEW
14.1.2 FINANCIAL ANALYSIS
14.1.3 PRODUCT MATRIX
14.1.4 RECENT DEVELOPMENTS
14.1.5 DATABRIDGE ANALYSIS

14.2 CERIDIAN HCM, INC.

14.2.1 COMPANY OVERVIEW
14.2.2 FINANCIAL ANALYSIS
14.2.3 PRODUCT MATRIX
14.2.4 RECENT DEVELOPMENTS
14.2.5 DATABRIDGE ANALYSIS

14.3 COREHR

14.3.1 COMPANY OVERVIEW
14.3.2 FINANCIAL ANALYSIS
14.3.3 PRODUCT MATRIX
14.3.4 RECENT DEVELOPMENTS
14.3.5 DATABRIDGE ANALYSIS

14.4 EMPLOYWISE

14.4.1 COMPANY OVERVIEW
14.4.2 FINANCIAL ANALYSIS
14.4.3 PRODUCT MATRIX
14.4.4 RECENT DEVELOPMENTS
14.4.5 DATABRIDGE ANALYSIS

14.5 IBM

14.5.1 COMPANY OVERVIEW
14.5.2 FINANCIAL ANALYSIS
14.5.3 PRODUCT MATRIX
14.5.4 RECENT DEVELOPMENTS
14.5.5 DATABRIDGE ANALYSIS

14.6 ORACLE

14.6.1 COMPANY OVERVIEW
14.6.2 FINANCIAL ANALYSIS
14.6.3 PRODUCT MATRIX
14.6.4 RECENT DEVELOPMENTS
14.6.5 DATABRIDGE ANALYSIS

14.7 PAYCHEX, INC.

14.7.1 COMPANY OVERVIEW
14.7.2 FINANCIAL ANALYSIS
14.7.3 PRODUCT MATRIX
14.7.4 RECENT DEVELOPMENTS
14.7.5 DATABRIDGE ANALYSIS

14.8 PAYCOM

14.8.1 COMPANY OVERVIEW
14.8.2 FINANCIAL ANALYSIS
14.8.3 PRODUCT MATRIX
14.8.4 RECENT DEVELOPMENTS
14.8.5 DATABRIDGE ANALYSIS

14.9 SAP SE

14.9.1 COMPANY OVERVIEW
14.9.2 FINANCIAL ANALYSIS
14.9.3 PRODUCT MATRIX
14.9.4 RECENT DEVELOPMENTS
14.9.5 DATABRIDGE ANALYSIS

14.10 SUMTOTAL SYSTEMS, LLC

14.10.1 COMPANY OVERVIEW
14.10.2 FINANCIAL ANALYSIS
14.10.3 PRODUCT MATRIX
14.10.4 RECENT DEVELOPMENTS
14.10.5 DATABRIDGE ANALYSIS
14.11 ULTIMATE SOFTWARE
14.11.1 COMPANY OVERVIEW
14.11.2 FINANCIAL ANALYSIS
14.11.3 PRODUCT MATRIX
14.11.4 RECENT DEVELOPMENTS
14.11.5 DATABRIDGE ANALYSIS

14.12 WORKDAY, INC

14.12.1 COMPANY OVERVIEW
14.12.2 FINANCIAL ANALYSIS
14.12.3 PRODUCT MATRIX
14.12.4 RECENT DEVELOPMENTS
14.12.5 DATABRIDGE ANALYSIS

14.13 CROWD, INC.

14.13.1 COMPANY OVERVIEW
14.13.2 FINANCIAL ANALYSIS
14.13.3 PRODUCT MATRIX
14.13.4 RECENT DEVELOPMENTS
14.13.5 DATABRIDGE ANALYSIS

14.14 ADRENALIN

14.14.1 COMPANY OVERVIEW
14.14.2 FINANCIAL ANALYSIS
14.14.3 PRODUCT MATRIX
14.14.4 RECENT DEVELOPMENTS
14.14.5 DATABRIDGE ANALYSIS

14.15 JSM TECHNOLOGIES PVT. LTD.

14.15.1 COMPANY OVERVIEW
14.15.2 FINANCIAL ANALYSIS
14.15.3 PRODUCT MATRIX
14.15.4 RECENT DEVELOPMENTS
14.15.5 DATABRIDGE ANALYSIS

15 APPENDIX

16 ABOUT DATA BRIDGE MARKET RESEARCH

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