Human Resource Management Market Size, Share & Trends Report

Human Resource Management Market Size, Share & Trends Analysis By Component, By Software, By Service, By Deployment, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-295-2
  • Number of Report Pages: 185
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Technology

Market Segmentation

  • Human Resource Management Component Outlook (Revenue, USD Billion, 2018 - 2030)
    • Software
    • Service
  • Human Resource Management Software Outlook (Revenue, USD Billion, 2018 - 2030)
    • Core HR
    • Employee Collaboration and Engagement
    • Recruitment and Applicant Tracking
    • Talent Management
    • Learning Management
    • Workforce Planning & Analytics
    • Others
  • Human Resource Management Service Outlook (Revenue, USD Billion, 2018 - 2030)
    • Integration & Deployment
    • Support & Maintenance
    • Training & Consulting
  • Human Resource Management Deployment Outlook (Revenue, USD Billion, 2018 - 2030)
    • Hosted
    • On-premise
  • Human Resource Management Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)
    • Large Enterprise
    • Small & Medium Enterprise (SME)
  • Human Resource Management End-Use Outlook (Revenue, USD Billion, 2018 - 2030)
    • Education      
    • Banking, Financial Services, And Insurance (BFSI)  
    • Government  
    • Healthcare    
    • IT & Telecom 
    • Manufacturing           
    • Retail 
    • Others 
  • Human Resource Management Regional Outlook (Revenue, USD Billion, 2018 - 2030)
    • North America
      • North America Human Resource Management Market, By Component
        • Software
        • Service
      • North America Human Resource Management Market, By Software
        • Core HR
        • Employee Collaboration And Engagement
        • Recruitment And Applicant Tracking
        • Talent Management
        • Learning Management
        • Workforce Planning & Analytics
        • Others
      • North America Human Resource Management Market, By Service
        • Integration & Deployment
        • Support & Maintenance
        • Training & Consulting
      • North America Human Resource Management Market, By Deployment
        • Hosted
        • On-Premise
      • North America Human Resource Management Market, By Enterprise Size
        • Large Enterprise
        • Small & Medium Enterprise (SME)
      • North America Human Resource Management Market, By End-Use
        • Education      
        • Banking, Financial Services, And Insurance (BFSI)  
        • Government  
        • Healthcare    
        • IT & Telecom 
        • Manufacturing           
        • Retail 
        • Others
      • U.S.
        • U.S. Human Resource Management Market, By Component
          • Software
          • Service
        • U.S. Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • U.S. Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • U.S. Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • U.S. Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • U.S. Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • Canada
        • Canada Human Resource Management Market, By Component
          • Software
          • Service
        • Canada Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Canada Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Canada Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Canada Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Canada Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
    • Europe
      • Europe Human Resource Management Market, By Component
        • Software
        • Service
      • Europe Human Resource Management Market, By Software
        • Core HR
        • Employee Collaboration And Engagement
        • Recruitment And Applicant Tracking
        • Talent Management
        • Learning Management
        • Workforce Planning & Analytics
        • Others
      • Europe Human Resource Management Market, By Service
        • Integration & Deployment
        • Support & Maintenance
        • Training & Consulting
      • Europe Human Resource Management Market, By Deployment
        • Hosted
        • On-Premise
      • Europe Human Resource Management Market, By Enterprise Size
        • Large Enterprise
        • Small & Medium Enterprise (SME)
      • Europe Human Resource Management Market, By End-Use
        • Education      
        • Banking, Financial Services, And Insurance (BFSI)  
        • Government  
        • Healthcare    
        • IT & Telecom 
        • Manufacturing           
        • Retail 
        • Others
      • U.K.
        • U.K. Human Resource Management Market, By Component
          • Software
          • Service
        • U.K. Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • U.K. Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • U.K. Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • U.K. Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • U.K. Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • Germany
        • Germany Human Resource Management Market, By Component
          • Software
          • Service
        • Germany Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Germany Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Germany Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Germany Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Germany Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • France
        • France Human Resource Management Market, By Component
          • Software
          • Service
        • France Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • France Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • France Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • France Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • France Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • Italy
        • Italy Human Resource Management Market, By Component
          • Software
          • Service
        • Italy Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Italy Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Italy Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Italy Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Italy Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • Spain
        • Spain Human Resource Management Market, By Component
          • Software
          • Service
        • Spain Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Spain Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Spain Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Spain Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Spain Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
    • Asia Pacific
      • Asia Pacific Human Resource Management Market, By Component
        • Software
        • Service
      • Asia Pacific Human Resource Management Market, By Software
        • Core HR
        • Employee Collaboration And Engagement
        • Recruitment And Applicant Tracking
        • Talent Management
        • Learning Management
        • Workforce Planning & Analytics
        • Others
      • Asia Pacific Human Resource Management Market, By Service
        • Integration & Deployment
        • Support & Maintenance
        • Training & Consulting
      • Asia Pacific Human Resource Management Market, By Deployment
        • Hosted
        • On-Premise
      • Asia Pacific Human Resource Management Market, By Enterprise Size
        • Large Enterprise
        • Small & Medium Enterprise (SME)
      • Asia Pacific Human Resource Management Market, By End-Use
        • Education      
        • Banking, Financial Services, And Insurance (BFSI)  
        • Government  
        • Healthcare    
        • IT & Telecom 
        • Manufacturing           
        • Retail 
        • Others
      • China
        • China Human Resource Management Market, By Component
          • Software
          • Service
        • China Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • China Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • China Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • China Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • China Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • India
        • India Human Resource Management Market, By Component
          • Software
          • Service
        • India Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • India Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • India Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • India Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • India Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • Japan
        • Japan Human Resource Management Market, By Component
          • Software
          • Service
        • Japan Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Japan Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Japan Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Japan Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Japan Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • Hong Kong
        • Hong Kong Human Resource Management Market, By Component
          • Software
          • Service
        • Hong Kong Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Hong Kong Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Hong Kong Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Hong Kong Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Hong Kong Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • Australia
        • Australia Human Resource Management Market, By Component
          • Software
          • Service
        • Australia Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Australia Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Australia Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Australia Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Australia Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • Singapore
        • Singapore Human Resource Management Market, By Component
          • Software
          • Service
        • Singapore Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Singapore Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Singapore Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Singapore Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Singapore Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • Thailand
        • Thailand Human Resource Management Market, By Component
          • Software
          • Service
        • Thailand Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Thailand Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Thailand Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Thailand Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Thailand Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • South Korea
        • South Korea Human Resource Management Market, By Component
          • Software
          • Service
        • South Korea Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • South Korea Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • South Korea Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • South Korea Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • South Korea Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
    • Latin America
      • Latin America Human Resource Management Market, By Component
        • Software
        • Service
      • Latin America Human Resource Management Market, By Software
        • Core HR
        • Employee Collaboration And Engagement
        • Recruitment And Applicant Tracking
        • Talent Management
        • Learning Management
        • Workforce Planning & Analytics
        • Others
      • Latin America Human Resource Management Market, By Service
        • Integration & Deployment
        • Support & Maintenance
        • Training & Consulting
      • Latin America Human Resource Management Market, By Deployment
        • Hosted
        • On-Premise
      • Latin America Human Resource Management Market, By Enterprise Size
        • Large Enterprise
        • Small & Medium Enterprise (SME)
      • Latin America Human Resource Management Market, By End-Use
        • Education      
        • Banking, Financial Services, And Insurance (BFSI)  
        • Government  
        • Healthcare    
        • IT & Telecom 
        • Manufacturing           
        • Retail 
        • Others
      • Brazil
        • Brazil Human Resource Management Market, By Component
          • Software
          • Service
        • Brazil Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Brazil Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Brazil Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Brazil Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Brazil Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • Mexico
        • Mexico Human Resource Management Market, By Component
          • Software
          • Service
        • Mexico Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Mexico Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Mexico Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Mexico Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Mexico Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
    • MEA
      • MEA Human Resource Management Market, By Component
        • Software
        • Service
      • MEA Human Resource Management Market, By Software
        • Core HR
        • Employee Collaboration And Engagement
        • Recruitment And Applicant Tracking
        • Talent Management
        • Learning Management
        • Workforce Planning & Analytics
        • Others
      • MEA Human Resource Management Market, By Service
        • Integration & Deployment
        • Support & Maintenance
        • Training & Consulting
      • MEA Human Resource Management Market, By Deployment
        • Hosted
        • On-Premise
      • MEA Human Resource Management Market, By Enterprise Size
        • Large Enterprise
        • Small & Medium Enterprise (SME)
      • MEA Human Resource Management Market, By End-Use
        • Education      
        • Banking, Financial Services, And Insurance (BFSI)  
        • Government  
        • Healthcare    
        • IT & Telecom 
        • Manufacturing           
        • Retail 
        • Others
      • Saudi Arabia
        • Saudi Arabia Human Resource Management Market, By Component
          • Software
          • Service
        • Saudi Arabia Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • Saudi Arabia Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • Saudi Arabia Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • Saudi Arabia Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • Saudi Arabia Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others
      • South Africa
        • South Africa Human Resource Management Market, By Component
          • Software
          • Service
        • South Africa Human Resource Management Market, By Software
          • Core HR
          • Employee Collaboration And Engagement
          • Recruitment And Applicant Tracking
          • Talent Management
          • Learning Management
          • Workforce Planning & Analytics
          • Others
        • South Africa Human Resource Management Market, By Service
          • Integration & Deployment
          • Support & Maintenance
          • Training & Consulting
        • South Africa Human Resource Management Market, By Deployment
          • Hosted
          • On-Premise
        • South Africa Human Resource Management Market, By Enterprise Size
          • Large Enterprise
          • Small & Medium Enterprise (SME)
        • South Africa Human Resource Management Market, By End-Use
          • Education      
          • Banking, Financial Services, And Insurance (BFSI)  
          • Government  
          • Healthcare    
          • IT & Telecom 
          • Manufacturing           
          • Retail 
          • Others

Human Resource Management Market Dynamics

Driver: Strong Emphasis On Hr Process Automation

A building emphasis on the automation of HR processes across all sorts of organizations is emerging as one of the crucial drivers driving the demand for HRM systems. Given that HR professionals are equally responsible for making strategic decisions and aligning all the HR functions with the organizational goals, vision, and mission, organizations have started adopting HRM systems that can potentially reduce the time required to perform administrative HR functions, so that the time saved can be utilized in strategic decision-making and analysis.

Organizations are focusing on creating a digital workplace that helps enhance productivity offers flexibility & mobility, and offers modern communication tools. The looming shift of business processes from legacy systems to digital HR is playing a significant role in the centralization of HR data across all the branches of an organization, thereby facilitating easy data access.

The HR functions that are most likely to be automated over the forecast period include talent management, employee engagement & collaboration, recruitment, and training & development. Organizations are particularly looking for HRM solutions that allow managers and employees in the HR department to invest their time in analyzing the data available to them for organizational development.

Driver: CONTINUED INTEGRATION OF BIG DATA ANALYTICS AND MOBILE TECHNOLOGY IN HRM Systems

Rapid advances in the fields of big data analytics and artificial intelligence over the last decade have prompted numerous organizations to implement these technologies in their business processes. Organizations have realized that if they manage to effectively use the large volumes of the available workforce data, they will be able to derive substantial inferences about the organization's overall performance.

Employee retention is emerging as a major challenge for organizations. Talent management, succession planning, and career management are becoming crucial since organizations tend to spend aggressively recruiting, onboarding, training and nurturing their workforce. The use of predictive analytics in talent management is particularly helping organizations make better decisions and maximize capital by retaining human assets. Several organizations, such as SAP SE; ADP, Inc.; Oracle Corporation; IBM Corporation; and Workday, are offering integrated analytics with their HRM solutions, thereby providing a one-stop solution for all their customers. These integrated solutions provide numerical data and offer charts and figures that can help managers in decision-making and eventually save time.

Restraint: Reluctance Toward Adoption of New HRM Solution

Although Several HRM solution providers are providing adequate training and support, effective change management remains a major concern for organizations opting for the latest HRM systems. As technologies continue to advance, employees are particularly finding it challenging to get acquainted with and cope with the latest features of the new systems. Sometimes employees even consider learning the newly-implemented software as an additional task. On the other hand, the transition of the HR processes from conventional back-office management functions to key strategic decision-making has induced a change in the skillsets required by an HR professional. Over the last decade, organizations have been looking for employees who possess domain knowledge and technical knowledge and are equally comfortable in adopting various software and applications in their work. HRM solution providers are trying to ease the situation by offering complete support for the implementation of new systems. They are also providing technical assistance to all employees before, during, and after the implementation of the new systems to ensure a seamless and efficient transition process. Several HRM vendors are conducting training sessions and offering online training modules for their customers. For instance, Oracle Corporation provides online training modules related to every solution provided by the company. These training modules are accompanied by in-depth course material that the end users can access from any location and at any time. The company has also deployed a team of experts to provide technical assistance and guide the end users throughout the online course module.

What Does This Report Include?

This section will provide insights into the contents included in this human resource management market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Human resource management market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Human resource management market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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