Human Resource Management Market To Reach $60.52 Billion By 2030

Human Resource Management Market Growth & Trends

The global human resource management market size is estimated to reach USD 60.52 billion by 2030, registering to grow at a CAGR of 14.4% from 2025 to 2030 according to a new report by Grand View Research, Inc. The trend of digitization in Human Resource Management (HRM) for increased efficiency and integration of technologies for analytics, mobile application, and cloud-based deployment is expected to drive the growth of the market. The trend of full-time remote work post pandemic is anticipated to drive the market demand. Moreover, as enterprises are expanding, it is anticipated that they will use HRM for efficient tracking and monitoring of human resources to reduce loss of time on idleness and increase productivity.

Furthermore, most of the buyers of HRM solutions include small & medium enterprises opting for HRM solutions due to the trend of switching from conventional HR activities to software based to aid in strategic decision-making processes. The popularity of HRM solutions is growing as organizations are emphasizing on talent acquisition and workforce planning to address the challenges associated with retaining human capital. Subsequently, large enterprises are exploring for a single solution for all their HR functionalities to integrate all departments and have a centralized control and monitoring function. For instance, in March 2023, Workday, Inc. announced its partnership with EZCORP, a U.S. based key supplier of pawn transactions having operations across the U.S., Canada, and Latin America. In this partnership, EZCORP aims to Automate its financial processes using the Workday Financial Management tool, use the Workday Adaptive Planning solution to make informed and data-driven decisions and leverage the Workday Human Capital Management tool to enhance employee experience.

Additionally, advances in the field of AI, ML, and predictive analytics have resulted in the integration of HRM solutions with analytics. Startups are developing mobile applications and collaboration software that can provide employers and employees the flexibility required to access the information on the go. On the other hand, the use of predictive analytics is expected to increase demand for HRM software as it helps in deriving inferences regarding continuous employee progress through various charts and infographics.

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Human Resource Management Market Report Highlights

• Based on component, the software segment led the market with the largest revenue share of 67.3% and is projected to grow at a significant CAGR during the forecast period.

• Based on the deployment, the on-premise segment accounted for the largest revenue share in 2024.

• Based on end use, the IT & telecom segment accounted for the largest revenue share in 2024 and is expected to grow at the fastest CAGR during the forecast period.

• Based on enterprise size, the large enterprise segment accounted for the largest market revenue share in 2024.

Human Resource Management Market Segmentation

Grand View Research has segmented the global human resource management market based on component, deployment, enterprise size, end-use, and region:

Human Resource Management Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software

  • Core HR

  • Employee Collaboration & Engagement

  • Recruiting

  • Talent Management

  • Workforce Planning & Analytics

  • Others

• Service

  • Integration & Deployment

  • Support & Maintenance

  • Training & Consulting

Human Resource Management Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Hosted

• On-Premise

Human Resource Management Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

• Large Enterprise

• Small and Medium Enterprise

Human Resource Management End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Academia

• BFSI

• Government

• Healthcare

• IT & Telecom

• Manufacturing

• Retail

• Others

Human Resource Management Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico 

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East & Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in Human Resource Management Market

• Accenture

• ADP, Inc.

• Cegid

• Ceridian HCM Holding, Inc.

• Cezanne HR

• IBM

• Mercer LLC

• Oracle

• PwC

• SAP SE

• UKG, Inc.

• Workday, Inc.