This HR Software Market report covers the size, share, trends, forecast, status of import and export, supply chain management, distribution channels, price, profit, sale and others vital elements.
New York, NY -- (SBWIRE) -- 07/11/2019 -- Incorporated with Info-graphics, charts, 35 tables and 55 figures, this 117-page research report "HR Software Market Size, Type Analysis, Application Analysis, End-Use Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2018 - 2023" is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain. The report provides historical market data for 2014-2018, base year estimates for 2018, and forecasts from 2018 to 2023.
Global HR Software Market:
The global human resource (HR) software market currently has a market value of USD 15.8 Bn. It consists of HR software and service providers related to various aspects of human resources like payroll and compensation management, benefits and claims management, personnel management, learning management, pension management, compliance management, and succession planning. Organizations across different sectors use HR software technology for real-time analysis of huge volumes of data. It is the key growth driver for the market. The global market is forecasted to expand rapidly at a compound annual growth rate (CAGR) of 10.4%, and reach USD 25.9 Bn by 2023.
The major players covered in this report are:
Oracle, ADP, SAP, Workday, Ultimate Software, Kronos, Ceridian, IBM
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Core HR software market analysis, based on component:
Pricing flexibility plays the key role in driving growth in software, and leads to the movement of on-premises or datacenter customers onto Software as a Service (SaaS)-based HR software. HR service delivery solutions are steadily growing, as services play a crucial role in identifying conflict of distinct systems. It helps in formulating strategies to utilize a converged infrastructure with multiple nodes for data aggregation.
Core HR software market analysis, based on deployment type:
Multi-utility of cloud-based HR systems is the main reason for its increasing popularity and market size. It generates real productivity benefits as the adoption of innovative tools leads to workforce optimization, customer satisfaction, self-service, and competitive advantage. On-premises HR software allows to establish a higher degree of control on the system, ensuring effective consistency checks. Hybrid HR software deployments provide both cloud and on-premises solutions, which provide customers the flexibility of SaaS. It also helps in controlling the traditional HR enterprise resource planning (ERP) system.
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
The research provides answers to the following key questions:
- What will be the growth rate and the market size of the HR Software industry for the forecast period 2018-2023?
- What are the major driving forces expected to impact the development of the HR Software market across different regions?
- Who are the major driving forces expected to decide the fate of the industry worldwide?
- Who are the prominent market players making a mark in the HR Software market with their winning strategies?
- Which industry trends are likely to shape the future of the industry during the forecast period 2018-2023?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the HR Software market?
o Understand the demand for global HR Software to determine the viability of the market.
o Identify the developed and emerging markets where HR Software services are offered.
o Identify the challenge areas and address them.
o Develop strategies based on the drivers, trends and highlights for each of the segments.
o Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
o Recognize the key competitors of this market and respond accordingly.
o Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
o Define the competitive positioning by comparing the products and services with the key players in the market.
Key elements from table of content:
Chapter 11: Competitive landscape
11.1. Competitive landscape - overview
11.2. Company overview- Oracle
11.3. Company overview- ADP
11.4. Company overview- SAP SE
11.5. Company overview- Workday, Inc.
11.6. Company overview- Ultimate Software Group, Inc.
11.7. Company overview- Kronos
11.8. Company overview- Ceridian HCM, Inc.
11.9. Company overview- International Business Machines Corporation
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