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Global Human Resource Management Market Size study, by Component (Software, Services) by Software (Core HR, Employee Collaboration & Engagement, Recruiting, Talent Management, Workforce Planning & Analytics, Others) by Service (Integration & Deployment, Support & Maintenance, Training & Consulting) by Deployment (Hosted, On-premse) by Enterprise Size (Large Enterprise, Small & Medium Enterprise (SME)) by End-use (Academia, BFSI, Government, Healthcare, IT & telecom, Manufacturing, Retail, Others) and Regional Forecasts 2022-2028

  • BIZ4983244
  • 200 Pages
  • June 2022
  • ICT & Media
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Global Human Resource Management Market is valued approximately USD 19.38 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.8 % over the forecast period 2022-2028. Over the forecast period, the market is likely to see a jump in demand due to the increased use of automation and digitalization of HR activities in order to build more flexible and effective ways. The success of an organisation can also be determined by the efforts it makes to attract the correct pool of people and manage resources effectively. These advances are being adopted by businesses since these human resource management solutions have the ability to improve and enhance HR operations, ultimately boosting the market. IBM and Apptio, Inc. established a cooperation in October 2021 to improve corporate transformation using IBM's open hybrid cloud architecture. Through hybrid cloud technologies and IBM's open hybrid cloud strategy, the alliance will assist clients in driving Red Hat OpenShift adoption and improving decision-making. However, threat of cyber attacks impedes the growth of the market over the forecast period of 2022-2028. The integration of human resource management (HRM) systems with analytics is becoming easier because of advancements in current technologies like as predictive analytics, Machine Learning (ML), and Artificial Intelligence (AI).

The key regions considered for the Global Human Resource Management Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The market was dominated by North America. Numerous HRM solution vendors may be found in North America. HRM systems for payroll administration, attendance & time monitoring, and talent management, among other procedures, are being deployed by businesses in the United States to boost productivity and labour efficiency. Because of the expenditures made by governments and the initiatives followed in the area in digitalization, Asia Pacific is expected to have the quickest CAGR from 2022 to 2028. In addition, the regional market will be fueled by an increase in the number of automation efforts being implemented to boost organizational efficiency.

Major market player included in this report are:

Accenture

ADP, Inc.

Cezanne HR Limited.

Ceridian HCM, Inc.

International Business Machines Corp. (IBM)

Kronos Incorporated

Mercer LLC

Oracle

PwC

SAP SE

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Software

Services

By Software:

Core HR

Employee Collaboration & Engagement

Recruiting

Talent Management

Workforce Planning & Analytics

Others

By Service:

Integration & Deployment

Support & Maintenance

Training & Consulting

By Deployment:

Hosted

On-premise

By Enterprise Size:

Large Enterprise

Small & Medium Enterprise (SME)

By End-use:

Academia

BFSI

Government

Healthcare

IT & telecom

Manufacturing

Retail

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020

Base year – 2021

Forecast period – 2022 to 2028

Target Audience of the Global Human Resource Management Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)

1.2.1. Human Resource Management Market, by Region, 2020-2028 (USD Billion)

1.2.2. Human Resource Management Market, by Component, 2020-2028 (USD Billion)

1.2.3. Human Resource Management Market, by Software, 2020-2028 (USD Billion)

1.2.4. Human Resource Management Market, by Services, 2020-2028 (USD Billion)

1.2.5. Human Resource Management Market, by Deployment, 2020-2028 (USD Billion)

1.2.6. Human Resource Management Market, by Enterprise Size, 2020-2028 (USD Billion)

1.2.7. Human Resource Management Market, by End Use, 2020-2028 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Human Resource Management Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Human Resource Management Market Dynamics

3.1. Human Resource Management Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Increasing adoption of automation

3.1.1.2. Digitization of HR operations

3.1.2. Market Challenges

3.1.2.1. Threat of Cyber attacks

3.1.3. Market Opportunities

3.1.3.1. Improvements in modern technologies, such as predictive analytics, Machine Learning (ML), and Artificial Intelligence

3.1.3.2. Rise in demand for optimization in the big data analytics

Chapter 4. Global Human Resource Management Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

4.5. Top investment opportunity

4.6. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

5.1.1. Assessment of the overall impact of COVID-19 on the industry

5.1.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Human Resource Management Market, by Component

6.1. Market Snapshot

6.2. Global Human Resource Management Market by Component, Performance - Potential Analysis

6.3. Global Human Resource Management Market Estimates & Forecasts by Component 2018-2028 (USD Billion)

6.4. Human Resource Management Market, Sub Segment Analysis

6.4.1. Software

6.4.2. Services

Chapter 7. Global Human Resource Management Market, by Software

7.1. Market Snapshot

7.2. Global Human Resource Management Market by Software, Performance - Potential Analysis

7.3. Global Human Resource Management Market Estimates & Forecasts by Software 2018-2028 (USD Billion)

7.4. Human Resource Management Market, Sub Segment Analysis

7.4.1. Core HR

7.4.2. Employee Collaboration & Engagement

7.4.3. Recruiting

7.4.4. Talent Management

7.4.5. Workforce Planning & Analytics

7.4.6. Others

Chapter 8. Global Human Resource Management Market, by Services

8.1. Market Snapshot

8.2. Global Human Resource Management Market by Services, Performance - Potential Analysis

8.3. Global Human Resource Management Market Estimates & Forecasts by Services 2018-2028 (USD Billion)

8.4. Human Resource Management Market, Sub Segment Analysis

8.4.1. Integration & Deployment

8.4.2. Support & Maintenance

8.4.3. Training & Consulting

Chapter 9. Global Human Resource Management Market, by Deployment

9.1. Market Snapshot

9.2. Global Human Resource Management Market by Deployment, Performance - Potential Analysis

9.3. Global Human Resource Management Market Estimates & Forecasts by Deployment 2018-2028 (USD Billion)

9.4. Human Resource Management Market, Sub Segment Analysis

9.4.1. Hosted

9.4.2. On-premise

Chapter 10. Global Human Resource Management Market, by Enterprise Size

10.1. Market Snapshot

10.2. Global Human Resource Management Market by Enterprise Size, Performance - Potential Analysis

10.3. Global Human Resource Management Market Estimates & Forecasts by Enterprise Size 2018-2028 (USD Billion)

10.4. Human Resource Management Market, Sub Segment Analysis

10.4.1. Large Enterprise

10.4.2. Small & Medium Enterprise (SME)

Chapter 11. Global Human Resource Management Market, by End-Use

11.1. Market Snapshot

11.2. Global Human Resource Management Market by End-Use, Performance - Potential Analysis

11.3. Global Human Resource Management Market Estimates & Forecasts by End-Use 2018-2028 (USD Billion)

11.4. Human Resource Management Market, Sub Segment Analysis

11.4.1. Academia

11.4.2. BFSI

11.4.3. Government

11.4.4. Healthcare

11.4.5. IT & telecom

11.4.6. Manufacturing

11.4.7. Retail

11.4.8. Others

Chapter 12. Global Human Resource Management Market, Regional Analysis

12.1. Human Resource Management Market, Regional Market Snapshot

12.2. North America Human Resource Management Market

12.2.1. U.S. Human Resource Management Market

12.2.1.1. Component breakdown estimates & forecasts, 2018-2028

12.2.1.2. Software breakdown estimates & forecasts, 2018-2028

12.2.1.3. Services breakdown estimates & forecasts, 2018-2028

12.2.1.4. Deployment breakdown estimates & forecasts, 2018-2028

12.2.1.5. Enterprise Size breakdown estimates & forecasts, 2018-2028

12.2.1.6. End-Use breakdown estimates & forecasts, 2018-2028

12.2.2. Canada Human Resource Management Market

12.3. Europe Human Resource Management Market Snapshot

12.3.1. U.K. Human Resource Management Market

12.3.2. Germany Human Resource Management Market

12.3.3. France Human Resource Management Market

12.3.4. Spain Human Resource Management Market

12.3.5. Italy Human Resource Management Market

12.3.6. Rest of Europe Human Resource Management Market

12.4. Asia-Pacific Human Resource Management Market Snapshot

12.4.1. China Human Resource Management Market

12.4.2. India Human Resource Management Market

12.4.3. Japan Human Resource Management Market

12.4.4. Australia Human Resource Management Market

12.4.5. South Korea Human Resource Management Market

12.4.6. Rest of Asia Pacific Human Resource Management Market

12.5. Latin America Human Resource Management Market Snapshot

12.5.1. Brazil Human Resource Management Market

12.5.2. Mexico Human Resource Management Market

12.6. Rest of The World Human Resource Management Market

Chapter 13. Competitive Intelligence

13.1. Top Market Strategies

13.2. Company Profiles

13.2.1. Accenture

13.2.1.1. Key Information

13.2.1.2. Overview

13.2.1.3. Financial (Subject to Data Availability)

13.2.1.4. Product Summary

13.2.1.5. Recent Developments

13.2.2. ADP, Inc.

13.2.3. Cezanne HR Limited.

13.2.4. Ceridian HCM, Inc.

13.2.5. International Business Machines Corp. (IBM)

13.2.6. Kronos Incorporated

13.2.7. Mercer LLC

13.2.8. Oracle

13.2.9. PwC

13.2.10. SAP SE

Chapter 14. Research Process

14.1. Research Process

14.1.1. Data Mining

14.1.2. Analysis

14.1.3. Market Estimation

14.1.4. Validation

14.1.5. Publishing

14.2. Research Attributes

14.3. Research Assumption

List of Tables

TABLE 1. Global Human Resource Management Market, report scope

TABLE 2. Global Human Resource Management Market estimates & forecasts by Region 2018-2028 (USD Billion)

TABLE 3. Global Human Resource Management Market estimates & forecasts by Component 2018-2028 (USD Billion)

TABLE 4. Global Human Resource Management Market estimates & forecasts by Software 2018-2028 (USD Billion)

TABLE 5. Global Human Resource Management Market estimates & forecasts by Services 2018-2028 (USD Billion)

TABLE 6. Global Human Resource Management Market estimates & forecasts by Deployment 2018-2028 (USD Billion)

TABLE 7. Global Human Resource Management Market estimates & forecasts by Enterprise Size 2018-2028 (USD Billion)

TABLE 8. Global Human Resource Management Market estimates & forecasts by End-Use 2018-2028 (USD Billion)

TABLE 9. Global Human Resource Management Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 10. Global Human Resource Management Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 11. Global Human Resource Management Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 12. Global Human Resource Management Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 13. Global Human Resource Management Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 14. Global Human Resource Management Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 15. Global Human Resource Management Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 16. Global Human Resource Management Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 17. Global Human Resource Management Market by segment, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 18. Global Human Resource Management Market by region, estimates & forecasts, 2018-2028 (USD Billion)

TABLE 19. U.S. Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 20. U.S. Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 21. U.S. Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 22. Canada Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 23. Canada Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 24. Canada Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 25. UK Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 26. UK Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 27. UK Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 28. Germany Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 29. Germany Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 30. Germany Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 31. RoE Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 32. RoE Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 33. RoE Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 34. China Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 35. China Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 36. China Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 37. India Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 38. India Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 39. India Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 40. Japan Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 41. Japan Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 42. Japan Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 43. RoAPAC Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 44. RoAPAC Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 45. RoAPAC Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 46. Brazil Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 47. Brazil Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 48. Brazil Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 49. Mexico Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 50. Mexico Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 51. Mexico Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 52. RoLA Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 53. RoLA Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 54. RoLA Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 55. Row Human Resource Management Market estimates & forecasts, 2018-2028 (USD Billion)

TABLE 56. Row Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 57. Row Human Resource Management Market estimates & forecasts by segment 2018-2028 (USD Billion)

TABLE 58. List of secondary sources, used in the study of global Human Resource Management Market

TABLE 59. List of primary sources, used in the study of global Human Resource Management Market

TABLE 60. Years considered for the study

TABLE 61. Exchange rates considered

 
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