Global Core HR Software Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023

  • ID: 4397091
  • Report
  • Region: Global
  • 190 Pages
  • Occams Business Research and Consulting
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The Global Core HR Software Market is Expected to Rise at a CAGR of 8%

FEATURED COMPANIES

  • Core Hr (Ireland)
  • Employwise, Inc. (India)
  • Kronos (U.S.)
  • Oracle Corporation (U.S.)
  • Paychex, Inc. (U.S.)
  • Sage (U.S.)
  • MORE

In an organization, the information of employees is kept recorded through a software known as core HR software. The HR database typically comprises of employee personal information and benefits enrollment. The core human resource (HR) software market is expected to grow at a CAGR of approximately 8%, over the period of forecast. Increase in automation in HR processes, rise of the cloud deployment and increase in mobile penetration are the major factors are responsible for the growth of core HR software market.

The market of core HR software has been segmented broadly into component, deployment type, organization size and verticals. Again, the first segment component is further bifurcated into software and services. Here the software segment has the major role as it is comprised of various sub segments like benefits and claims management, payroll and compensation management, pension management and so on. The deployment type segment has cloud and on-premises as its sub segments. According to the organization size, the market is divided into small and medium-sized enterprises and large enterprises. The last segment which is the verticals has been sub divided into government, manufacturing, energy and utilities, consumer goods and retail, healthcare, transportation and logistics etc. The Government sector is expected to grow at the highest CAGR during the forecast period.

The major restraint faced by Core HR Software market is reluctance to the adoption of Core HR Software. However, considering the deployment segmentation, the cloud deployment sector is expected to grow at the highest CAGR during the forecast period. Reduction in overall cost and at the same time high flexibility and scalable access to the clients are offered by cloud deployment Small and Medium-Sized Enterprises (SMEs) segment is anticipated to rise at a considerable CAGR over the forecast period (2016-2023). Go-to-market strategies are adopted by the SMEs and subsequent investments are done in this market that will help in making efficient decisions for triggering the business growth.

Various growth strategies including acquisitions and mergers, collaborations and partnerships, and new product launches are being adopted by many companies in order to extend their offerings in the worldwide core HR software market. Automatic Data Processing, LLC, Ceridian HCM, Inc., Employwise, Inc., Oracle Corporation, SAP SE etc. are the key players of this market. International Business Machines Corporation (IBM) is expected to lead the market as favorable government regulations and technological advancements are the parameters helping it to grow significantly in this market.



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FEATURED COMPANIES

  • Core Hr (Ireland)
  • Employwise, Inc. (India)
  • Kronos (U.S.)
  • Oracle Corporation (U.S.)
  • Paychex, Inc. (U.S.)
  • Sage (U.S.)
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology
 
2. Market Overview
2.1. Global Core HR Software Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Total Market Analysis
2.4.1. Top 5 Findings
2.4.2. Top 5 Opportunity Markets
2.4.3. Top 5 Companies
2.4.4. Top Competitive Strategies
2.5. Estimation Analysis
2.6. Strategic Analysis
2.6.1. Investment Vs. Adoption Model
2.6.2. 360-Degree Industry Analysis
2.6.3. Porters 5 Force Model
2.6.4. See-Saw Analysis
2.6.5. Consumer Analysis And Key Buying Criteria
2.7. Competitive Analysis
2.7.1. Key Strategies & Analysis
2.7.2. Market Share Analysis And Top Company Analysis
2.8. Strategic Recommendations & Key Conclusions
2.8.1. Investment Opportunities By Regions
2.8.2. Opportunities in Emerging Applications
2.8.3. Investment Opportunity in Fastest Growing Segment
 
3. Market Determinants
3.1. Market Drivers
3.1.1.  Rise in Cloud And Mobile Deployment
3.1.2.  Increase in Automation of HR Processes
3.2. Market Restraints
3.2.1. Reluctance to the Adoption of Core HR Software
3.2.2. Lack Capabilities in Core HR Software
3.3. Market Opportunities
3.3.1. Organizations’ Inclination Toward HR Analytics
3.3.2. Increase in the Adoption of Core HR By Smes
3.4.   Market Challenges
3.4.1. Regional Difference in Labor Laws 
3.4.2. Lack of Awareness of New Technologies And Capabilities in Core HR Software
 
4. Market Segmentation
4.1. Global Core HR Software Market By Component
4.1.1. Market Definition And Scope
4.1.2. Decision Support Database & Estimation Methodology
4.1.3. Comparative Analysis Across Market Segments
4.1.4.  Opportunity Matrix
4.1.5. Market Segmentation
4.1.5.1. Global Software Market
4.1.5.1.1. Adoption Scenario & Market Determinants
4.1.5.1.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.1.3. Key Players & Key Products
4.1.5.1.4. Key Conclusions
4.1.5.2. Global Service Market
4.1.5.2.1. Adoption Scenario & Market Determinants
4.1.5.2.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.2.3. Key Players & Key Products
4.1.5.2.4. Key Conclusions
4.2. Global Core HR Software Market By Deployment Type
4.2.1. Market Definition And Scope
4.2.2. Decision Support Database & Estimation Methodology
4.2.3. Comparative Analysis Across Market Segments
4.2.4.  Opportunity Matrix
4.2.5. Market Segmentation
4.2.5.1. Global Cloud Market 
4.2.5.1.1. Application
4.2.5.1.2. Adoption Scenario & Market Determinants
4.2.5.1.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.1.4. Key Players & Key Products
4.2.5.1.5. Key Conclusions
4.2.5.2. Global On Premises Market
4.2.5.2.1. Application
4.2.5.2.2. Adoption Scenario & Market Determinants
4.2.5.2.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.2.4. Key Players & Key Products
4.2.5.2.5. Key Conclusions
4.3. Global Core HR Software Market By Organization Size
4.3.1. Market Definition And Scope
4.3.2. Decision Support Database & Estimation Methodology
4.3.3. Comparative Analysis Across Market Segments
4.3.4.  Opportunity Matrix
4.3.5. Market Segmentation
4.3.5.1.  Global Small And Medium-Sized Enterprises Market
4.3.5.1.1. Application
4.3.5.1.2. Adoption Scenario & Market Determinants
4.3.5.1.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.3.5.1.4. Key Players & Key Products
4.3.5.1.5. Key Conclusions
4.3.5.2.  Global Large Enterprises Market
4.3.5.2.1. Application
4.3.5.2.2. Adoption Scenario & Market Determinants
4.3.5.2.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.3.5.2.4. Key Players & Key Products
4.3.5.2.5. Key Conclusions
4.4. Global Core HR Software Market By Vertical
4.4.1. Market Definition And Scope
4.4.2. Decision Support Database & Estimation Methodology
4.4.3. Comparative Analysis Across Market Segments
4.4.4.  Opportunity Matrix
4.4.5. Market Segmentation
4.4.5.1. Global Government Market
4.4.5.1.1. Application
4.4.5.1.2. Adoption Scenario & Market Determinants
4.4.5.1.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.1.4. Key Players & Key Products
4.4.5.1.5. Key Conclusions
4.4.5.2. Global Manufacturing Market
4.4.5.2.1. Application
4.4.5.2.2. Adoption Scenario & Market Determinants
4.4.5.2.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.2.4. Key Players & Key Products
4.4.5.2.5. Key Conclusions
4.4.5.3. Global Energy And Utilities Market
4.4.5.3.1. Application
4.4.5.3.2. Adoption Scenario & Market Determinants
4.4.5.3.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.3.4. Key Players & Key Products
4.4.5.3.5. Key Conclusions
4.4.5.4. Global Consumer Goods And Retail Market
4.4.5.4.1. Application
4.4.5.4.2. Adoption Scenario & Market Determinants
4.4.5.4.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.4.4. Key Players & Key Products
4.4.5.4.5. Key Conclusions
4.4.5.5. Global Healthcare Market
4.4.5.5.1. Application
4.4.5.5.2. Adoption Scenario & Market Determinants
4.4.5.5.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.5.4. Key Players & Key Products
4.4.5.5.5. Key Conclusions
4.4.5.6. Global Transportation And Logistics Market
4.4.5.6.1. Application
4.4.5.6.2. Adoption Scenario & Market Determinants
4.4.5.6.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.6.4. Key Players & Key Products
4.4.5.6.5. Key Conclusions
4.4.5.7.  Global Telecom And Information Technology Market
4.4.5.7.1. Application
4.4.5.7.2. Adoption Scenario & Market Determinants
4.4.5.7.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.7.4. Key Players & Key Products
4.4.5.7.5. Key Conclusions
4.4.5.8. Global Banking, Financial Services, And Insurance Market
4.4.5.8.1. Application
4.4.5.8.2. Adoption Scenario & Market Determinants
4.4.5.8.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.8.4. Key Players & Key Products
4.4.5.8.5. Key Conclusions
4.4.5.9. Global Other Verticals Market
4.4.5.9.1. Application
4.4.5.9.2. Adoption Scenario & Market Determinants
4.4.5.9.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.9.4. Key Players & Key Products
4.4.5.9.5. Key Conclusions
 
5. Competitive Landscape
5.1. Key Strategies
5.1.1. List of Mergers And Acquisition
5.1.2. List of Joint Ventures
5.1.3. List of Product Launches
5.1.4. List of Partnerships
 
6. Geographical Analysis
6.1. Decision Support Database & Estimation Methodology
6.2. Comparative Analysis Across Market Segments
6.3. Opportunity Matrix
6.4.  Global Core HR Software Market By Region 2014-2023 ($ Million)
6.4.1. North America
6.4.1.1. Industry Analysis 2014-2023 ($ Million)
6.4.1.2. Key Country Analysis
6.4.1.2.1. U.S.
6.4.1.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.1.2.1.2. Key Players & Key Products
6.4.1.2.1.3. Key Conclusions
6.4.1.2.2. Canada
6.4.1.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.1.2.2.2. Key Players & Key Products
6.4.1.2.2.3. Key Conclusions
6.4.2. Europe
6.4.2.1. Industry Analysis 2014-2023 ($ Million)
6.4.2.2. Key Country Analysis
6.4.2.2.1. Uk
6.4.2.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.1.2. Key Players & Key Products
6.4.2.2.1.3. Key Conclusions
6.4.2.2.2. France
6.4.2.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.2.2. Key Players & Key Products
6.4.2.2.2.3. Key Conclusions
6.4.2.2.3. Germany
6.4.2.2.3.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.3.2. Key Players & Key Products
6.4.2.2.3.3. Key Conclusions
6.4.2.2.4. Spain
6.4.2.2.4.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.4.2. Key Players & Key Products
6.4.2.2.4.3. Key Conclusions
6.4.2.2.5. Rest of Europe
6.4.2.2.5.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.5.2. Key Players & Key Products
6.4.2.2.5.3. Key Conclusions
6.4.3. Asia Pacific
6.4.3.1. Industry Analysis 2014-2023 ($ Million)
6.4.3.2. Key Country Analysis
6.4.3.2.1. China
6.4.3.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.1.2. Key Players & Key Products
6.4.3.2.1.3. Key Conclusions
6.4.3.2.2. India
6.4.3.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.2.2. Key Players & Key Products
6.4.3.2.2.3. Key Conclusions
6.4.3.2.3. Japan
6.4.3.2.3.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.3.2. Key Players & Key Products
6.4.3.2.3.3. Key Conclusions
6.4.3.2.4. Australia
6.4.3.2.4.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.4.2. Key Players & Key Products
6.4.3.2.4.3. Key Conclusions
6.4.3.2.5. Rest of Asia Pacific
6.4.3.2.5.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.5.2. Key Players & Key Products
6.4.3.2.5.3. Key Conclusions
6.4.4. Row
6.4.4.1. Industry Analysis 2014-2023 ($ Million)
6.4.4.2. Key Country Analysis
6.4.4.2.1. Latin America
6.4.4.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.4.2.1.2. Key Players & Key Products
6.4.4.2.1.3. Key Conclusions
6.4.4.2.2. Middle East & Africa
6.4.4.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.4.2.2.2. Key Players & Key Products
6.4.4.2.2.3. Key Conclusions
 
7. Company Profiles
7.1. Automatic Data Processing, Llc (U.S.)
7.1.1. Overview
7.1.2. Product Portfolio
7.1.3. Strategic Initiatives
7.1.4. SCOT Analysis
7.1.5. Strategic Analysis
7.2. Ceridian Hcm, Inc.  (U.S.)
7.2.1. Overview
7.2.2. Product Portfolio
7.2.3. Strategic Initiatives
7.2.4. SCOT Analysis
7.2.5. Strategic Analysis
7.3. Core HR (Ireland)
7.3.1. Overview
7.3.2. Product Portfolio
7.3.3. Strategic Initiatives
7.3.4. SCOT Analysis
7.3.5. Strategic Analysis
7.4. Employwise, Inc. (India)
7.4.1. Overview
7.4.2. Product Portfolio
7.4.3. Strategic Initiatives
7.4.4. SCOT Analysis
7.4.5. Strategic Analysis
7.5. International Business Machines Corporation (U.S.)
7.5.1. Overview
7.5.2. Product Portfolio
7.5.3. Strategic Initiatives
7.5.4. SCOT Analysis
7.5.5. Strategic Analysis
7.6. Oracle Corporation (U.S.)
7.6.1. Overview
7.6.2. Product Portfolio
7.6.3. Strategic Initiatives
7.6.4. SCOT Analysis
7.6.5. Strategic Analysis
7.7. Paychex, Inc. (U.S.)
7.7.1. Overview
7.7.2. Product Portfolio
7.7.3. Strategic Initiatives
7.7.4. SCOT Analysis
7.7.5. Strategic Analysis
7.8.  Paycom Software, Inc. (U.S)
7.8.1. Overview
7.8.2. Product Portfolio
7.8.3. Strategic Initiatives
7.8.4. SCOT Analysis
7.8.5. Strategic Analysis
7.9.  Sap Se (Germany)
7.9.1. Overview
7.9.2. Product Portfolio
7.9.3. Strategic Initiatives
7.9.4. SCOT Analysis
7.9.5. Strategic Analysis
7.10.  Sumtotal Systems, Llc (U.S.)
7.10.1. Overview
7.10.2. Product Portfolio
7.10.3. Strategic Initiatives
7.10.4. SCOT Analysis
7.10.5. Strategic Analysis
7.11. Ultimate Software Group, Inc.  (U.S.)
7.11.1. Overview
7.11.2. Product Portfolio
7.11.3. Strategic Initiatives
7.11.4. SCOT Analysis
7.11.5. Strategic Analysis
7.12. Workday, Inc. (U.S.)
7.12.1. Overview
7.12.2. Product Portfolio
7.12.3. Strategic Initiatives
7.12.4. SCOT Analysis
7.12.5. Strategic Analysis
7.13. Kronos (U.S.)
7.13.1. Overview
7.13.2. Product Portfolio
7.13.3. Strategic Initiatives
7.13.4. SCOT Analysis
7.13.5. Strategic Analysis
7.14. Sage (U.S.)
7.14.1. Overview
7.14.2. Product Portfolio
7.14.3. Strategic Initiatives
7.14.4. SCOT Analysis
7.14.5. Strategic Analysis
7.15. Ultipro (U.S.)
7.15.1. Overview
7.15.2. Product Portfolio
7.15.3. Strategic Initiatives
7.15.4. SCOT Analysis
7.15.5. Strategic Analysis
 
List of Tables
1. Global Core HR Software Market By Solution 2014-2023 ($ Million)
2. Global Software Market By Geography 2014-2023 ($ Million)
3. Global Services Market By Geography 2014-2023 ($ Million)
4. Global Core HR Software Market By Deployment Type 2014-2023 ($ Million)
5. Global Cloud Market By Geography 2014-2023 ($ Million)
6. Global On Premises Market By Geography 2014-2023 ($ Million)
7. Global Core HR Software Market By Organization Size  2014-2023 ($ Million)
8. Global Small And Medium-Sized Enterprises Market By Geography 2014-2023 ($ Million)
9. Global Large Enterprises Market By Geography 2014-2023 ($ Million)
10. Global Core HR Software Market By Vertical 2014-2023 ($ Million)
11. Global Government Market By Geography 2014-2023 ($ Million)
12.  Global Manufacturing Market By Geography 2014-2023 ($ Million)
13.  Global Energy And Utilities Market By Geography 2014-2023 ($ Million)
14.  Global Consumer Goods And Retail Market 2014-2023 ($ Million)
15. Global Healthcare Market By Geography 2014-2023 ($ Million)
16. North America Core HR Software Market 2014-2023 ($ Million)
17. Europe Core HR Software Market 2014-2023 ($ Million)
18. Asia Pacific Core HR Software Market 2014-2023 ($ Million)
19. Rest of the World Core HR Software Market 2014-2023 ($ Million)
 
List of Figures
1. Global Core HR Software Market 2014-2023 ($ Million)
2. Global Software Market 2014-2023 ($ Million)
3. Global Services Market 2014-2023 ($ Million)
4. Global Core HR Software Market By Deployment Type 2014-2023 ($ Million)
5. Global Cloud Services  Market 2014-2023 ($ Million)
6. Global On Premises Market  2014-2023 ($ Million)
7. Global Core HR Software Market By Organization Size 2014-2023 ($ Million)
8.  Global Small And Medium-Sized Enterprises Market 2014-2023 ($ Million)
9.  Global Large Enterprises Market 2014-2023 ($ Million)
10.  Global Core HR Software Market By Vertical 2014-2023 ($ Million)
11.  Global Government Market 2014-2023 ($ Million)
12.  Global Manufacturing Market 2014-2023 ($ Million)
13. Global Energy And Utilities Market 2014-2023 ($ Million)
14. Global Consumer Goods And Retail Market 2014-2023 ($ Million)
15. Global Healthcare Market 2014-2023 ($ Million)
16. Global Transportation And Logistics Market 2014-2023 ($ Million)
17. Global Telecom And Information Technology Market 2014-2023 ($ Million)
18. Global Banking, Financial Services, And Insurance Market 2014-2023 ($ Million)
19. Global Other Verticals Market 2014-2023 ($ Million)
20. United States (U.S.) Core HR Software Market 2014-2023 ($ Million)
21. Canada Core HR Software Market 2014-2023 ($ Million)
22. United Kingdom (Uk) Core HR Software Market 2014-2023 ($ Million)
23. France Core HR Software Market 2014-2023 ($ Million)
24. Germany Core HR Software Market 2014-2023 ($ Million)
25. Spain Core HR Software Market 2014-2023 ($ Million)
26. Roe Core HR Software Market 2014-2023 ($ Million)
27. India Core HR Software Market 2014-2023 ($ Million)
28. China Core HR Software Market 2014-2023 ($ Million)
29. Japan Core HR Software Market 2014-2023 ($ Million)
30. Australia Core HR Software Market 2014-2023 ($ Million)
31. Roapac Core HR Software Market 2014-2023 ($ Million)
32. Latin America Core HR Software Market 2014-2023 ($ Million)
33. Mena Core HR Software Market 2014-2023 ($ Million)

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  • Automatic Data Processing, Llc (U.S.)
  • Ceridian Hcm, Inc.  (U.S.)
  • Core Hr (Ireland)
  • Employwise, Inc. (India)
  • International Business Machines Corporation (U.S.)
  • Oracle Corporation (U.S.)
  • Paychex, Inc. (U.S.)
  • Paycom Software, Inc. (U.S)
  • Sap Se (Germany)
  • Sumtotal Systems, Llc (U.S.)
  • Ultimate Software Group, Inc.  (U.S.)
  • Workday, Inc. (U.S.)
  • Kronos (U.S.)
  • Sage (U.S.)
  • Ultipro (U.S.)
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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