Allied Market Research

2024

Core Hr Software Market

Core HR Software Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Deployment Type, by Organization Size and, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

IC : Software and Services

Select an option
Author's: | Onkar Sumant
Publish Date:

Get Sample to Email

Core HR Software Market Outlook -2026

An effective HR department with right people and software products help an organization to collect and manage information regarding all human resources and their contribution toward Return on Investment (ROI) of an organization. Core HR software helps organizations to perform functions of HR department, collect, centralize, and manage employee data, and generate valuable reports on the basis of the gathered information. It also automates HR process and functionality of an organization such as recruitment, training, payroll, administration, performance reports, appraisals, analysis, and many others. This software is developed with an intention to cover full spectrum of HR tasks including managing organizational hierarchy, track and improve process efficiency, time and attendance, HR management information, payroll processing, and others. 

Increase in adoption of digitization and growing need to automate HR department for efficient human resource management among various industry verticals are the major factors that drive the growth of the global core HR software market. Rise in adoption of advance data management systems with integrated payroll management, workforce management, talent and recruitment management functionalities among organizations has observed significant growth over the past decade. This is also expected to propel adoption of software with diverse functionality, especially core HR software as a service platform, which in turn, is expected to boost global core HR software market growth. However, high complexities associated with legacy system integration is a major factor that restricts the global market. Furthermore, rise in adoption of core HR software by SME’s is an opportunistic factor of the global core HR software market.

The core HR software market is segmented into component, type, deployment, enterprise size, industry vertical, and region. By component, it is bifurcated into software and services. In terms of type, it is classified into succession planning, pension management, learning management, personnel management, compliance management, benefits & claims management, and payroll & compensation management. By deployment, it is categorized into cloud and on-premises. On the basis of enterprise size, the core HR software market is classified into large enterprises and small & medium sized enterprises (SMEs). In terms of industry vertical, it is classified into government, manufacturing, energy & utilities, consumer goods & retail, healthcare & life sciences, transportation & logistics, telecommunications & information technology, Banking, Financial Services, & Insurance (BFSI), and Others. Region-wise, the global core market size is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the global core HR software market analysis are Automatic Data Processing, LLC, Ceridian HCM, Inc., Corehr, Employwise, Inc., International Business Machines Corporation, Oracle Corporation, Paychex, Inc., Paycom Software, Inc., SAP SE, and Sumtotal Systems, LLC (A Skillsoft Company). These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth the global core HR software market trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the core HR software market share is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global core HR software industry.
  • The quantitative analysis of the market is provided to determine the market potential.

Core HR Software Market Report Highlights

Aspects Details
icon_5
By Component
  • Software
  • Services
icon_6
By Deployment Type
  • On-Premises
  • Cloud
icon_7
By Organization Size
  • SMEs
  • Large Enterprises
icon_8
By Industry Vertical
  • Government
  • Manufacturing
  • Healthcare
  • Telecom and Information Technology (IT)
  • Banking, Financial Services, and Insurance (BFSI)
  • Others
icon_9
By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
icon_10
Key Market Players

Ceridian HCM, Inc., Oracle Corporation, Automatic Data Processing, SumTotal Systems, LLC, Paycom Software, Inc., SAP SE, EmployWise, CoreHR, International Business Machine (IBM) Corporation, Paychex, Inc.

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Core HR Software Market

Global Opportunity Analysis and Industry Forecast, 2023-2032