Global Analysis on Core HR Software Market by Services & Deployment Type - 2022
Core HR Software Market categorizes the global market by component as software and services, by deployment type, by organization size, by vertical, and by region.
(EMAILWIRE.COM, May 20, 2017 ) Rise of the cloud and mobile deployment, and increase in automation in HR processes have led to the increased adoption of core HR software. With the increase in the adoption rate of core HR software among the Small and Medium-Sized Enterprises (SMEs), the core HR software market is expected to gain major traction during the forecast period.
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Rapid adoption of core HR software due to a strong and well-established economy makes North America the largest region in terms of global share
North America is expected to have the largest market share and is expected to dominate the market from 2017 to 2022, because of the adoption of new technologies, such as increased use of smartphones and cloud platform. The startups and emerging players in the region offer differentiated, customized, and flexible products to meet the need of HR professionals.
The government sector is expected to contribute to the largest market size during the forecast period
The government employs a considerable workforce size and requires software to manage documents of an employee. The government sector needs better tools to manage its budget constraint issues and changing priorities to manage the HR. Aging employees and wave of retirement are the top challenges that this sector is facing to manage its workforce. Software, such as pension management and succession planning can help the government in the smooth processing of its HR activities. Moreover, outdated infrastructure is the biggest disadvantage for governments to integrate new systems and solutions that would help cope up with this challenge.
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The SMEs segment for core HR software is expected to grow at the highest CAGR during the forecast period
The SMEs’ segment is expected to grow at the highest CAGR in the core HR software market during the forecast period. Organizations with employee range between 100 and 1,000 are categorized under SMEs. SMEs face some specific challenges, such as requirement of domain-specific technical personnel and skilled workforce, budget constraint, and limited economies of scale. Increasing competition has prompted SMEs to invest in this business software and adopt go-to-market strategies to make efficient decisions for business growth. More than large enterprises, SMEs face resource crunch and require better methods to solve the complexities for better cost optimization on their assets and requirements.
The major vendors that offer core HR software across the globe are Automatic Data Processing (ADP) (US), Ceridian HCM, Inc. (US), CoreHR (Ireland), EmployWise (India), International Business Machine (IBM) Corporation (US), Oracle Corporation (US), Paychex, Inc. (US), Paycom Software, Inc. (US), SAP SE (Germany), SumTotal Systems, LLC. (A Skillsoft Company) (US), Ultimate Software (US), and Workday, Inc. (US).
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Download PDF Brochure- http://www.marketsandmarkets.com/pdfdownload.asp?id=81186018
Rapid adoption of core HR software due to a strong and well-established economy makes North America the largest region in terms of global share
North America is expected to have the largest market share and is expected to dominate the market from 2017 to 2022, because of the adoption of new technologies, such as increased use of smartphones and cloud platform. The startups and emerging players in the region offer differentiated, customized, and flexible products to meet the need of HR professionals.
The government sector is expected to contribute to the largest market size during the forecast period
The government employs a considerable workforce size and requires software to manage documents of an employee. The government sector needs better tools to manage its budget constraint issues and changing priorities to manage the HR. Aging employees and wave of retirement are the top challenges that this sector is facing to manage its workforce. Software, such as pension management and succession planning can help the government in the smooth processing of its HR activities. Moreover, outdated infrastructure is the biggest disadvantage for governments to integrate new systems and solutions that would help cope up with this challenge.
Request For Sample Pages- http://www.marketsandmarkets.com/requestsample.asp?id=81186018
The SMEs segment for core HR software is expected to grow at the highest CAGR during the forecast period
The SMEs’ segment is expected to grow at the highest CAGR in the core HR software market during the forecast period. Organizations with employee range between 100 and 1,000 are categorized under SMEs. SMEs face some specific challenges, such as requirement of domain-specific technical personnel and skilled workforce, budget constraint, and limited economies of scale. Increasing competition has prompted SMEs to invest in this business software and adopt go-to-market strategies to make efficient decisions for business growth. More than large enterprises, SMEs face resource crunch and require better methods to solve the complexities for better cost optimization on their assets and requirements.
The major vendors that offer core HR software across the globe are Automatic Data Processing (ADP) (US), Ceridian HCM, Inc. (US), CoreHR (Ireland), EmployWise (India), International Business Machine (IBM) Corporation (US), Oracle Corporation (US), Paychex, Inc. (US), Paycom Software, Inc. (US), SAP SE (Germany), SumTotal Systems, LLC. (A Skillsoft Company) (US), Ultimate Software (US), and Workday, Inc. (US).
For More Info- http://www.marketsandmarkets.com/Market-Reports/core-human-resource-hr-software-market-81186018.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact Information:
MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results