Human Resource Management Software Market to Reach US$ 30.06 Bn at a CAGR of 7.5% in 2027

Human Resource Management Software Market to 2027 - Global Analysis and Forecasts by Component (Solutions and Services); Enterprise Size (Large Enterprise, Small and Medium Enterprise); End User (Educational Institutes, BFSI, Government, Healthcare, IT and Telecom, Manufacturing, Retail, Others)

  • Report Code : TIPRE00003460
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 212
Buy Now

The human resource management software market was valued at US$ 15,789.9 Mn in 2018 and is expected to reach US$ 30,061.8 Mn by 2027 with a CAGR growth rate of 7.5% in the forecast period from 2019 to 2027.

In a tight recruitment and talent market, retaining talent is one of the greatest concerns as employees are the most valuable business assets of any organization. The percentage or number of workers leaving an organization and being replaced by new employees indicates an employee turnover of that particular organization. The employee turnover of companies nowadays is high, which might negatively impact the company’s profits and organizational performance. It is also frustrating for them as it might lead to loss of their fair-potential employees. According to the statistics, ~150 million people are at work in the US. Nevertheless, the US employees continue to leave the job for what they see as better opportunities. As per statistics, in 2018, ~41.4 million US workers voluntarily quit their jobs for better-paying positions. According to a study by WorldatWork, in the US, industries such as hospitality (31.8%), healthcare (20.4%), and manufacturing and distribution (20%) experienced a high rate of turnover in 2018.

Human resource management software Market is used to overcome the abovementioned challenges regarding employee turnover as it automates business tasks, along with enhancing the return on investment (ROI). The software also helps the companies retain their employees, thereby assisting them in reducing employee turnover by improving employee engagement, tracking employee goals a Automation in various industries plays a very significant role as it eliminates manual work, thus reducing human errors. The growth of robotic process automation (RPA) helps HR professionals manage challenges in hiring and firing decisions, which include biases when screening and selecting job applicants or firings because of flawed metrics. A tremendous robot process automation trend is ongoing in the essential aspects of running a human resource function, and the technology is inspiring the people in the HR team to spend more time with people in the firm, driving talent development, and creating a better employee experience. Robotic process automation technology minimizes the repetitive and redundant tasks performed by HR staffs. RPA enables HR department channelize their focus on the activities that increase employee productivity, keep employees engaged, and enhance business reputation in a globally competitive job market.

Automation can also enable businesses create more human-centric workplace by lessening employees’ time doing monotonous and repetitive tasks. Robots can perform the tasks they were designated to do well while allowing people to do work that humans are better at doing, such as innovating, negotiating, and critical problem-solving. Further, robot process automation creates a competitive advantage within the organization and enhance employee experience, and performance, and understanding the major reasons of employees quitting their jobs.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Human Resource Management Software Market: Strategic Insights

human-resource-management-software-market
Market Size Value inUS$ 15,789.9 Million in 2018
Market Size Value byUS$ 30,061.8 Million by 2027
Growth rateCAGR of 7.5% from 2019-2027
Forecast Period2019-2027
Base Year2019
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Lucrative Regions for Human Resource Management Software Market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Market Insights

Robotic Process Automation Technology- A Fast Growing Trend among HR Departments

Automation in various industries plays a very significant role as it eliminates manual work, thus reducing human errors. The growth of robotic process automation (RPA) helps HR professionals manage challenges in hiring and firing decisions, which include biases when screening and selecting job applicants or firings because of flawed metrics. A tremendous robot process automation trend is ongoing in the essential aspects of running a human resource function, and the technology is inspiring the people in the HR team to spend more time with people in the firm, driving talent development, and creating a better employee experience. Robotic process automation technology minimizes the repetitive and redundant tasks performed by HR staffs. RPA enables HR department channelize their focus on the activities that increase employee productivity, keep employees engaged, and enhance business reputation in a globally competitive job market.

Automation can also enable businesses create more human-centric workplace by lessening employees’ time doing monotonous and repetitive tasks. Robots can perform the tasks they were designated to do well while allowing people to do work that humans are better at doing, such as innovating, negotiating, and critical problem-solving. Further, robot process automation creates a competitive advantage within the organization and enhance employee experience.

Enterprise Size Market Insights

Many sectors are presently opting for human resource management software to provide candidates the best possible experience. Today, enterprises of all sizes count on HR organizations to gain competitive advantage, while the organizations are more focused on positioning themselves as a top destination of talented resources; moreover, they are involved in building the workforce of the future. Improvements in technology can set out to solve many such challenges; businesses must build key capability around service delivery, analytics, and business outcomes. Enterprises must act swiftly to improve the HR organization and grow its capabilities and should also invest in human resource-based technologies such as human resource management software. Human resource management software is designed for SMEs and large enterprises. This software enables the HR team to start working more effectively on using their time and resources. Human resource management software delivers a wide range solutions such as core HR, recruiting, talent management, and workforce planning and analytics. Leading enterprises around the world are highly involved in investing in this software to support the swiftly changing needs of the business. New advances for the HR activities can create and sustain organization and facilitate data-driven decisions.

Human Resource Management Software Market, by Enterprise Size – 2018 and 2027

Human Resource Management Software Market, by Enterprise Size – 2018 and 2027
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Component Market Insight

Human resource management (HRM) software, by component, includes solutions and services related to HRM software. The solutions and services include effective employee management to maximize their performance. In the age of advanced technology, information technology (IT) plays a crucial role in enhancing HR functions in businesses. Various companies across the globe have implemented human resource management software to move their data from manual records to automation. HRM component offers the best value to the organizations and allows flexibility to deal with ever-changing business requirements. HRM software components help organizations in reporting and tracking employee performances, with the solution, performance review takes place on a regular basis. It includes modules that help in enhancing employee performance and engagement.

End User Market Insight

From small and medium-sized enterprises to multinational corporations, business digitization and technological up-grading is essential. Technology plays a crucial role at the core of every organization, i.e., human resource management. The human resource management solutions and services are adopted swiftly across the various industries, which have led to the growth of the market globally. Human resources management software help various industries to adopt digitization, overcome industry-wide challenges, and increase the bottom line.

Global Human Resource Management Software Segments:

Human Resource Management Software Market – By Enterprise Size

  • SMEs
  • Large Enterprises

Human Resource Management Software Market – By Component

  • Solution
    • Core HR
    • Recruiting and Talent Management
    • Workforce Planning and Analytics
    • Others
  • Services
    • Professional Services
    • Integration and Deployment
    • Support and Maintenance
    • Training and Consulting
  • Managed Services

Human Resource Management Software Market – By End-User

  • IT and Telecom
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Government
  • Educational Institutes
  • Others

Human Resource Management Software – By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)

    • Australia
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Rest of SAM

Companies

  • Accenture PLC
  • Automatic Data Processing, Inc.
  • Ceridian HCM Holding Inc.
  • Cezanne HR Limited
  • Kronos Incorporated
  • Oracle Corporation
  • Paycom Software, Inc.
  • SAP SE
  • Ultimate Software Group Inc.
  • Workday, Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component ; Enterprise Size ; End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Gudance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Human Resource Management Software Market Landscape

4.1 Market Overview

4.2 Ecosystem Analysis

4.3 PEST Analysis

4.3.1 North America PEST Analysis

4.3.2 Europe PEST Analysis

4.3.3 Asia-Pacific PEST Analysis

4.3.4 Middle East & Africa PEST Analysis

4.3.5 South America PEST Analysis

5. Human Resource Management Software Market – Key Industry Dynamics

5.1 Key Drivers

5.1.1 Increasing Employee Turnover Rate

5.1.2 Growing Adoption of Workforce Analytics Solutions in Human Resource Departments

5.2 Key Market Restraints

5.2.1 Data Privacy and Security Concerns

5.3 Key Market Opportunities

5.3.1 Big Data Technology in Human Resource Creates Opportunities

5.4 Future Trends

5.4.1 Robotic Process Automation Technology- A Fast Growing Trend Among HR Departments

5.4.2 Rise of Cloud Computing in the HRMS Industry

5.5 Impact Analysis of Drivers and Restraints

6. Human Resource Management Software Market – Global Market Analysis

6.1 Global Human Resource Management Software Market Overview

6.2 Global Human Resource Management Software Market Forecast and Analysis

6.3 Market Positioning- Top Five Players

7. Human Resource Management Software Market – By Enterprise Size

7.1 Overview

7.2 Human Resource Management Software Market Breakdown, by Enterprise Size, 2018 and 2027

7.3 Small and Medium Enterprise

7.3.1 Overview

7.3.2 Small and Medium Enterprise Market Revenue and Forecasts to 2027 (US$ Mn)

7.4 Large Enterprise

7.4.1 Overview

7.4.2 Large Enterprise Market Revenue and Forecasts to 2027 (US$ Mn)

8. Human Resource Management Software Market – By Component

8.1 Overview

8.2 Human Resource Management Software Market Breakdown, by Component, 2018 & 2027

8.3 Solutions

8.3.1 Overview

8.3.2 Solutions Market Revenue and Forecasts to 2027 (US$ Mn)

8.3.3 Core HR

8.3.3.1 Overview

8.3.3.2 Core HR Market Revenue and Forecasts to 2027 (US$ Mn)

8.3.4 Recruiting and Talent Management

8.3.4.1 Overview

8.3.4.2 Recruiting and Talent Management Market Revenue and Forecasts to 2027 (US$ Mn)

8.3.5 Workforce Planning and Analytics

8.3.5.1 Overview

8.3.6 Workforce Planning and Analytics Market Revenue and Forecasts to 2027 (US$ Mn)

8.3.7 Others

8.3.7.1 Overview

8.3.7.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)

8.4 Services

8.4.1 Overview

8.4.2 Services Market Revenue and Forecasts to 2027 (US$ Mn)

8.4.3 Professional Services

8.4.3.1 Overview

8.4.3.2 Professional Services Market Revenue and Forecasts to 2027 (US$ Mn)

8.4.3.3 Integration and Deployment

8.4.3.3.1 Overview

8.4.3.3.2 Integration and Deployment Market Revenue and Forecasts to 2027 (US$ Mn)

8.4.3.4 Support and Maintenance

8.4.3.4.1 Overview

8.4.3.4.2 Support and Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

8.4.3.5 Training and Consulting

8.4.3.5.1 Overview

8.4.3.5.2 Training and Consulting Market Revenue and Forecasts to 2027 (US$ Mn)

8.4.4 Managed Services

8.4.4.1 Overview

8.4.4.2 Managed Services Market Revenue and Forecasts to 2027 (US$ Mn)

9. Human Resource Management Software Market – By End-User

9.1 Overview

9.2 Human Resource Management Software Market Breakdown, by End-User, 2018 & 2027

9.3 Educational Institutes

9.3.1 Overview

9.3.2 Educational Institutes Market Revenue and Forecasts to 2027 (US$ Mn)

9.4 BFSI

9.4.1 Overview

9.4.2 BFSI Market Revenue and Forecasts to 2027 (US$ Mn)

9.5 Government

9.5.1 Overview

9.5.2 Government Market Revenue and Forecasts to 2027 (US$ Mn)

9.6 Healthcare

9.6.1 Overview

9.6.2 Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)

9.7 IT and Telecom

9.7.1 Overview

9.7.2 IT and Telecom Market Revenue and Forecasts to 2027 (US$ Mn)

9.8 Manufacturing

9.8.1 Overview

9.8.2 Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)

9.9 Retail

9.9.1 Overview

9.9.2 Retail Market Revenue and Forecasts to 2027 (US$ Mn)

9.10 Others

9.10.1 Overview

9.10.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)

10. Global Human Resource Management Software Market – Geographic Analysis

10.1 Overview

10.2 North America Human Resource Management Software Market Revenue and Forecast To 2027

10.2.1 Overview

10.2.2 North America Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.2.3 North America Human Resource Management Software Market Breakdown, By Component

10.2.4 North America Human Resource Management Software Market Breakdown, By Enterprise Size

10.2.5 North America Human Resource Management Software Market Breakdown, By End-User

10.2.6 North America Human Resource Management Software Market Breakdown, By Country

10.2.6.1 US Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.2.6.1.1 US Human Resource Management Software Market Breakdown, By Component

10.2.6.1.2 US Human Resource Management Software Market Breakdown, By Enterprise Size

10.2.6.1.3 US Human Resource Management Software Market Breakdown, By End-User

10.2.6.2 Canada Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.2.6.2.1 Canada Human Resource Management Software Market Breakdown, By Component

10.2.6.2.2 Canada Human Resource Management Software Market Breakdown, By Enterprise Size

10.2.6.2.3 Canada Human Resource Management Software Market Breakdown, By End-User

10.2.6.3 Mexico Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.2.6.3.1 Mexico Human Resource Management Software Market Breakdown, By Component

10.2.6.3.2 Mexico Human Resource Management Software Market Breakdown, By Enterprise Size

10.2.6.3.3 Mexico Human Resource Management Software Market Breakdown, By End-User

10.3 Europe Human Resource Management Software Market Revenue and Forecast To 2027

10.3.1 Overview

10.3.2 Europe Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.3.3 Europe Human Resource Management Software Market Breakdown, By Component

10.3.4 Europe Human Resource Management Software Market Breakdown, By Enterprise Size

10.3.5 Europe Human Resource Management Software Market Breakdown, By End-User

10.3.6 Europe Human Resource Management Software Market Breakdown, By Country

10.3.6.1 Germany Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.3.6.1.1 Germany Human Resource Management Software Market Breakdown, By Component

10.3.6.1.2 Germany Human Resource Management Software Market Breakdown, By Enterprise Size

10.3.6.1.3 Germany Human Resource Management Software Market Breakdown, By End-User

10.3.6.2 UK Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.3.6.2.1 UK Human Resource Management Software Market Breakdown, By Component

10.3.6.2.2 UK Human Resource Management Software Market Breakdown, By Enterprise Size

10.3.6.2.3 UK Human Resource Management Software Market Breakdown, By End-Users

10.3.6.3 France Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.3.6.3.1 France Human Resource Management Software Market Breakdown, By Component

10.3.6.3.2 France Human Resource Management Software Market Breakdown, By Enterprise Size

10.3.6.3.3 France Human Resource Management Software Market Breakdown, By End-Users

10.3.6.4 Italy Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.3.6.4.1 Italy Human Resource Management Software Market Breakdown, By Component

10.3.6.4.2 Italy Human Resource Management Software Market Breakdown, By Enterprise Size

10.3.6.4.3 Italy Human Resource Management Software Market Breakdown, By End-Users

10.3.6.5 Russia Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.3.6.5.1 Russia Human Resource Management Software Market Breakdown, By Component

10.3.6.5.2 Russia Human Resource Management Software Market Breakdown, By Enterprise Size

10.3.6.5.3 Russia Human Resource Management Software Market Breakdown, By End-Users

10.3.6.6 Rest of Europe Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.3.6.6.1 Rest of Europe Human Resource Management Software Market Breakdown, By Component

10.3.6.6.2 Rest of Europe Human Resource Management Software Market Breakdown, By Enterprise Size

10.3.6.6.3 Rest of Europe Human Resource Management Software Market Breakdown, By End-Users

10.4 APAC Human Resource Management Software Market, Revenue and Forecast To 2027

10.4.1 Overview

10.4.2 APAC Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.3 APAC Human Resource Management Software Market Breakdown, By Component

10.4.4 APAC Human Resource Management Software Market Breakdown, By Enterprise Size

10.4.5 APAC Human Resource Management Software Market Breakdown, By End-User

10.4.6 APAC Human Resource Management Software Market Breakdown, By Country

10.4.6.1 Australia Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.6.1.1 Australia Human Resource Management Software Market Breakdown, By Component

10.4.6.1.2 Australia Human Resource Management Software Market Breakdown, By Enterprise Size

10.4.6.1.3 Australia Human Resource Management Software Market Breakdown, By End-User

10.4.6.2 China Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.6.2.1 China Human Resource Management Software Market Breakdown, By Component

10.4.6.2.2 China Human Resource Management Software Market Breakdown, By Enterprise Size

10.4.6.2.3 China Human Resource Management Software Market Breakdown, By End-User

10.4.6.3 Japan Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.6.3.1 Japan Human Resource Management Software Market Breakdown, By Component

10.4.6.3.2 Japan Human Resource Management Software Market Breakdown, By Enterprise Size

10.4.6.3.3 Japan Human Resource Management Software Market Breakdown, By End-User

10.4.6.4 India Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.6.4.1 India Human Resource Management Software Market Breakdown, By Component

10.4.6.4.2 India Human Resource Management Software Market Breakdown, By Enterprise Size

10.4.6.4.3 India Human Resource Management Software Market Breakdown, By End-User

10.4.6.5 South Korea Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.6.5.1 South Korea Human Resource Management Software Market Breakdown, By Component

10.4.6.5.2 South Korea Human Resource Management Software Market Breakdown, By Enterprise Size

10.4.6.5.3 South Korea Human Resource Management Software Market Breakdown, By End-User

10.4.6.6 Rest of APAC Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

10.4.6.6.1 Rest of APAC Human Resource Management Software Market Breakdown, By Component

10.4.6.6.2 Rest of APAC Human Resource Management Software Market Breakdown, By Enterprise Size

10.4.6.6.3 Rest of APAC Human Resource Management Software Market Breakdown, By End-User

10.5 MEA Human Resource Management Software Market Revenue and Forecast To 2027

10.5.1 Overview

10.5.2 MEA Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.5.3 MEA Human Resource Management Software Market Breakdown, By Component

10.5.4 MEA Human Resource Management Software Market Breakdown, By Enterprise Size

10.5.5 MEA Human Resource Management Software Market Breakdown, By End-User

10.5.6 MEA Human Resource Management Software Market Breakdown, By Country

10.5.6.1 UAE Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.5.6.1.1 UAE Human Resource Management Software Market Breakdown, By Component

10.5.6.1.2 UAE Human Resource Management Software Market Breakdown, By Enterprise Size

10.5.6.1.3 UAE Human Resource Management Software Market Breakdown, By End-Users

10.5.6.2 Saudi Arabia Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.5.6.2.1 Saudi Arabia Human Resource Management Software Market Breakdown, By Component

10.5.6.2.2 Saudi Arabia Human Resource Management Software Market Breakdown, By Enterprise Size

10.5.6.2.3 Saudi Arabia Human Resource Management Software Market Breakdown, By End-Users

10.5.6.3 South Africa Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.5.6.3.1 South Africa Human Resource Management Software Market Breakdown, By Component

10.5.6.3.2 South Africa Human Resource Management Software Market Breakdown, By Enterprise Size

10.5.6.3.3 South Africa Human Resource Management Software Market Breakdown, By End-Users

10.5.6.4 Rest of MEA Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.5.6.4.1 Rest of MEA Human Resource Management Software Market Breakdown, By Component

10.5.6.4.2 Rest of MEA Human Resource Management Software Market Breakdown, By Enterprise Size

10.5.6.4.3 Rest of MEA Human Resource Management Software Market Breakdown, By End-Users

10.6 SAM Human Resource Management Software Market Revenue and Forecast To 2027

10.6.1 Overview

10.6.2 SAM Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.6.3 SAM Human Resource Management Software Market Breakdown, By Component

10.6.4 SAM Human Resource Management Software Market Breakdown, By Enterprise Size

10.6.5 SAM Human Resource Management Software Market Breakdown, By End-User

10.6.6 SAM Human Resource Management Software Market Breakdown, By Country

10.6.6.1 Brazil Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.6.6.1.1 Brazil Human Resource Management Software Market Breakdown, By Component

10.6.6.1.2 Brazil Human Resource Management Software Market Breakdown, By Enterprise Size

10.6.6.1.3 Brazil Human Resource Management Software Market Breakdown, By End-User

10.6.6.2 Argentina Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.6.6.2.1 Argentina Human Resource Management Software Market Breakdown, By Component

10.6.6.2.2 Argentina Human Resource Management Software Market Breakdown, By Enterprise Size

10.6.6.2.3 Argentina Human Resource Management Software Market Breakdown, By End-User

10.6.6.3 Rest of SAM Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

10.6.6.3.1 Rest of SAM Human Resource Management Software Market Breakdown, By Component

10.6.6.3.2 Rest of SAM Human Resource Management Software Market Breakdown, By Enterprise Size

10.6.6.3.3 Rest of SAM Human Resource Management Software Market Breakdown, By End-User

11. Human Resource Management Software Market - Industry Landscape

11.1 Market Initiatives

11.2 Mergers and Acquisitions

11.3 New Developments

12. Human Resource Management Software Market - Company Profiles

12.1 Accenture PLC

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Automatic Data Processing, Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Ceridian HCM Holding Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Cezanne HR Limited

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Kronos Incorporated

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Oracle Corporation

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Paycom Software, Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 SAP SE

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Business Description

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Ultimate Software Group Inc.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Workday, Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. Global Human Resource Management Software Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2. Global Human Resource Management Software Market Revenue and Forecast To 2027, By Geography (US$ Mn)

Table 3. North America Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 4. North America Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 5. North America Human Resource Management Software Market Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 6. North America Human Resource Management Software Market Revenue and Forecast To 2027 – By Country (US$ Mn)

Table 7. US Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 8. US Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 9. US Human Resource Management Software Market Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 10. Canada Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 11. Canada Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 12. Canada Human Resource Management Software Market Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 13. Mexico Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 14. Mexico Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 15. Mexico Human Resource Management Software Market Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 16. Europe Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 17. Europe Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 18. Europe Human Resource Management Software Market Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 19. Germany Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 20. Germany Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 21. Germany Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 22. UK Human Resource Management Software Market Revenue and Forecast To 2027 – By Component US$ Mn)

Table 23. UK Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 24. UK Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 25. France Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 26. France Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 27. France Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 28. Italy Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 29. Italy Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 30. Italy Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 31. Russia Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 32. Russia Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 33. Russia Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 34. Rest of Europe Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 35. Rest of Europe Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 36. Rest of Europe Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 37. APAC Human Resource Management Software Market, Revenue and Forecast To 2027 – By Solution (US$ Mn)

Table 38. APAC Human Resource Management Software Market, Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 39. APAC Human Resource Management Software Market, Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 40. Australia Human Resource Management Software Market, Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 41. Australia Human Resource Management Software Market, Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 42. Australia Human Resource Management Software Market, Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 43. China Human Resource Management Software Market, Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 44. China Human Resource Management Software Market, Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 45. China Human Resource Management Software Market, Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 46. Japan Human Resource Management Software Market, Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 47. Japan Human Resource Management Software Market, Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 48. Japan Human Resource Management Software Market, Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 49. India Human Resource Management Software Market, Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 50. India Human Resource Management Software Market, Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 51. India Human Resource Management Software Market, Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 52. South Korea Human Resource Management Market, Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 53. South Korea Human Resource Management Software Market, Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 54. South Korea Human Resource Management Software Market, Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 55. Rest of APAC Human Resource Management Market, Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 56. Rest of APAC Human Resource Management Software Market, Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 57. Rest of APAC Human Resource Management Software Market, Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 58. MEA Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 59. MEA Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 60. MEA Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 61. UAE Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 62. UAE Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 63. UAE Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 64. Saudi Arabia Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 65. Saudi Arabia Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 66. Saudi Arabia Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 67. South Africa Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 68. South Africa Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 69. South Africa Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 70. Rest of MEA Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 71. Rest of MEA Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 72. Rest of MEA Human Resource Management Software Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)

Table 73. SAM Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 74. SAM Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 75. SAM Human Resource Management Software Market Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 76. Brazil Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 77. Brazil Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 78. Brazil Human Resource Management Software Market Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 79. Argentina Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 80. Argentina Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 81. Argentina Human Resource Management Software Market Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 82. Rest of SAM Human Resource Management Software Market Revenue and Forecast To 2027 – By Component (US$ Mn)

Table 83. Rest of SAM Human Resource Management Software Market Revenue and Forecast To 2027 – By Enterprise Size (US$ Mn)

Table 84. Rest of SAM Human Resource Management Software Market Revenue and Forecast To 2027 – By End-User (US$ Mn)

Table 85. Glossary of Term: Human Resource Management Software Market

LIST OF FIGURES

Figure 1. Human Resource Management Software Market Segmentation

Figure 2. Human Resource Management Software Market Segmentation – By Geography

Figure 3. Solution segment to dominate the market by component throughout the forecast period

Figure 4. SMEs is expected to witness high growth

Figure 5. IT & Telecom holds the largest market share

Figure 6. Asia-Pacific to witness fastest CAGR

Figure 7. Human Resource Management Software Market : Competition Landscape

Figure 8. Human Resource Management Software Market: Ecosystem Analysis

Figure 9. North America – PEST Analysis

Figure 10. Europe PEST Analysis

Figure 11. Asia-Pacific PEST Analysis

Figure 12. Middle East & Africa PEST Analysis

Figure 13. South America PEST Analysis

Figure 14. Human Resource Management Software Market Impact Analysis of Drivers and Restraints

Figure 15. Global Human Resource Management Software Market- Geographical Analysis

Figure 16. Global Human Resource Management Software Market Forecast and Analysis, (US$ Mn)

Figure 17. Human Resource Management Software Market Breakdown, by Enterprise Size, 2018 and 2027 (%)

Figure 18. Small and Medium Enterprise Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19. Large Enterprise Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20. Human Resource Management Software Market Breakdown, by Component, 2018 & 2027 (%)

Figure 21. Solutions Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 22. Core HR Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 23. Recruiting and Talent Management Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 24. Workforce Planning and Analytics Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 25. Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 26. Services Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 27. Professional Services Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 28. Integration and Deployment Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 29. Support and Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 30. Training and Consulting Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 31. Managed Services Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 32. Human Resource Management Software Market Breakdown, by End-User, 2018 & 2027 (%)

Figure 33. Educational Institutes Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 34. BFSI Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 35. Government Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 36. Global Healthcare Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 37. Global IT and Telecom Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 38. Global Manufacturing Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 39. Global Retail Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 40. Global Others Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 41. Global Human Resource Management Software Market Breakdown, By Region, 2018 and 2027 (%)

Figure 42. North America Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 43. North America Human Resource Management Software Market Breakdown, By Component, 2018 and 2027 (%)

Figure 44. North America Human Resource Management Software Market Breakdown, By Enterprise Size, 2018 and 2027 (%)

Figure 45. North America Human Resource Management Software Market Breakdown, By End-User, 2018 and 2027 (%)

Figure 46. North America Human Resource Management Software Market Breakdown, By Country, 2018 and 2027(%)

Figure 47. US Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 48. Canada Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 49. Mexico Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 50. Europe Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 51. Europe Human Resource Management Software Market Breakdown, By Component, 2018 & 2027 (%)

Figure 52. Europe Human Resource Management Software Market Breakdown, By Enterprise Size, 2018 & 2027 (%)

Figure 53. Europe Human Resource Management Software Market Breakdown, By End-User, 2018 & 2027 (%)

Figure 54. Europe Human Resource Management Software Market Breakdown, By Country, 2018 & 2027(%)

Figure 55. Germany Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 56. UK Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 57. France Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 58. Italy Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 59. Russia Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 60. Rest of Europe Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 61. APAC Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 62. APAC Human Resource Management Software Market Breakdown, By Solution, 2018 & 2027 (%)

Figure 63. APAC Human Resource Management Software Market Breakdown, By Enterprise Size, 2018 & 2027 (%)

Figure 64. APAC Human Resource Management Software Market Breakdown, By End-User, 2018 & 2027 (%)

Figure 65. APAC Human Resource Management Software Market Breakdown, By Country, 2018 & 2027(%)

Figure 66. Australia Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 67. China Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 68. Japan Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 69. India Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 70. South Korea Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 71. Rest of APAC Human Resource Management Software Market, Revenue and Forecast To 2027 (US$ Mn)

Figure 72. MEA Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 73. MEA Human Resource Management Software Market Breakdown, By Component, 2018 & 2027 (%)

Figure 74. MEA Human Resource Management Software Market Breakdown, By Enterprise Size, 2018 & 2027 (%)

Figure 75. MEA Human Resource Management Software Market Breakdown, By End-User, 2018 & 2027 (%)

Figure 76. MEA Human Resource Management Software Market Breakdown, By Country, 2018 & 2027(%)

Figure 77. UAE Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 78. Saudi Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 79. South Africa Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 80. Rest of MEA Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 81. SAM Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 82. SAM Human Resource Management Software Market Breakdown, By Component, 2018 and 2027 (%)

Figure 83. SAM Human Resource Management Software Market Breakdown, By Enterprise Size s, 2018 and 2027 (%)

Figure 84. SAM Human Resource Management Software Market Breakdown, By End-User, 2018 and 2027 (%)

Figure 85. SAM Human Resource Management Software Market Breakdown, By Country, 2018 and 2027(%)

Figure 86. Brazil Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 87. Argentina Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

Figure 88. Rest of SAM Human Resource Management Software Market Revenue and Forecast To 2027 (US$ Mn)

The List of Companies - Human Resource Management Software Market 

  1. Automatic Data Processing, Inc.
  2. SAP SE
  3. Oracle Corporation
  4. Workday, Inc.
  5. Ceridian HCM Holding Inc.
  6. Cezanne HR Limited
  7. Kronos Incorporated
  8. Paycom Software, Inc.
  9. Accenture PLC
  10. Ultimate Software Group Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Human Resource Management Software Market