The report covers the present scenario and the growth prospects of the “Global Human Resource Management Software Market” for 2018-2023
Houston, TX -- (SBWIRE) -- 03/16/2018 -- Human Resource Management Software that offers integrated functionality for small and mid-sized companies. The human resource management functions offered by HCM software include the management of staff profiles, attendance, training, performance and review, payroll and benefits, workforce directory and analytics, and networking among employees. Owing to these various integrated functions and solutions offered by the HCM software, it helps in streamlining of human resource functions, business intelligence functions, and various reporting activities, thereby improving the operational efficiency of a company.
This market research analysis identifies the increasing demand for a unified solution for all HR functions as one of the primary growth factors for the human capital management software market. Designed primarily for compliance, software such as payroll software, applicant tracking software, and talent management software are rigid and hard to use and only make the recruiting process more complex to manage. As a result, managers usually use spreadsheets to make up for system shortcomings. Whereas, HCM software integrates, automates, and streamlines all processes, helps organizations to plan their future staffing needs, and also shares the information with other enterprise software such as enterprise resource planning (ERP). The software facilities the HR to partner with the recruitment team to locate and recruit the very best talent for their businesses using only a single system. As a result, there will a substantial increase in the demand for this HR software from several enterprises, subsequently augmenting the market's growth prospects.
The major vendors in the Human Capital Management Software market include
Oracle Corporation , SAP SE, International Business Machines Corporation , NetSuite Inc. , Workday, Inc. , Ultimate Software Group, Inc. , ADP, LLC , Cornerstone OnDemand , Benefitfocus Inc. , BambooHR, PeopleFluent, Ultimate Software Group, Inc., Zoho Corporation, WebHR, CakeHR, Epicor Software Corporation, Infor, Kronos Incorporated, The Sage Group plc.
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Characterized by the presence of several multinational HCM software companies, the market appears to be fragmented. The increasing demand for HCM software among large enterprises and SMEs has intensified the competition among vendors. Vendors in the market have started seeking opportunities to form high-value partnerships with large enterprises. This allows them to offer products that are affordable to customers of all sizes and in turn, also adds to intensifying the competition among vendors. In the next few years, the market will also witness the well-established HCM or HR software companies acquiring smaller vendors to expand their product portfolio and increase their market share, which also allows them to enter new markets.
In the last section of the report, the foremost manufacturers operating in the Global Human Capital Management Software Market have been presented. These manufacturers have been investigated in terms of key characteristics such as gross, cost, gross margin, income, product specifications, product scenario, company outline, and contact information.
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Table Of Content:
Chapter 1 Human Capital Management Software Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
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