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Core HR Software - Market Analysis, Trends, and Forecasts

  • ID: 4804623
  • Report
  • February 2020
  • Region: Global
  • 138 pages
  • Global Industry Analysts, Inc
1 of 3

FEATURED COMPANIES

  • Automatic Data Processing
  • Corehr Limited
  • Ibm Corporation
  • Paychex
  • Sap Se
  • Ultimate Software Group
  • MORE
Core HR Software market worldwide is projected to grow by US$5.2 Billion, driven by a compounded growth of 8.4%. Software, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$7.7 Billion by the year 2025, Software will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 9.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$240.9 Million to the region's size and clout in the next 5 to 6 years. Over US$242.5 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Software will reach a market size of US$582.1 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.1% over the next couple of years and add approximately US$898.6 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • Automatic Data Processing, Inc. (ADP)
  • Ceridian HCM, Inc.
  • CoreHR Limited
  • Employwise Inc.
  • IBM Corporation
  • Oracle Corporation
  • Paychex, Inc.
  • Paycom
  • SAP SE
  • Sumtotal Systems, LLC
  • Ultimate Software Group, Inc.
  • Workday, Inc.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Automatic Data Processing
  • Corehr Limited
  • Ibm Corporation
  • Paychex
  • Sap Se
  • Ultimate Software Group
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Core HR Software Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

As a Centralized Repository for Workforce Data, Core HR Software is Vital to Seamless Human Resource Management

Automation of HR Processes Paves the Way for Wider Adoption

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Rising Demand for HR Technology across Various Industry Verticals Bodes Well for Market Growth

Steady Pace of Investments in the Space Driven by Organizations Moving Towards Digitization: Total Investment (In US$ Billion) in HR Tech for the Years 2015, 2016, 2017 & 2018

Inherent Benefits of Core HR Software Spurs Adoption

Select Popular Core HR Software Solutions

Integration of Employee Self-Service Options Bolsters Market Prospects

Rapid Adoption of Cloud-Based Based HR Management Systems Amplifies Demand for Core HR Solutions

Small and Medium-sized Enterprises Increase Investments in HR Software to Improve Cost Optimization

Growing Use of HR Analytics for Effective Decision Making Open up New Possibilities

Increasing Interest in Data-Driven Insights to Track Workforce Performance and Talent Management Drives up Demand: Global HR Analytics Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Core HR Software Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Core HR Software Market Share Shift across Key Geographies Worldwide: 2019 VS 2025

TABLE 3: Software (Component) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 4: Software (Component) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025

TABLE 5: Services (Component) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 6: Services (Component) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025

TABLE 7: SMEs (Organization Size) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 8: SMEs (Organization Size) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 9: Large Enterprises (Organization Size) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025

TABLE 10: Large Enterprises (Organization Size) Market Share Breakdown by Region/Country: 2019 VS 2025

TABLE 11: Government (Industry Vertical) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 12: Government (Industry Vertical) Distribution of Global Sales by Region/Country: 2019 VS 2025

TABLE 13: Manufacturing (Industry Vertical) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2018 through 2025

TABLE 14: Manufacturing (Industry Vertical) Global Market Share Distribution by Region/Country for 2019 and 2025

TABLE 15: BFSI (Industry Vertical) Global Opportunity Assessment in US$ Million by Region/Country: 2018-2025

TABLE 16: BFSI (Industry Vertical) Percentage Share Breakdown of Global Sales by Region/Country: 2019 VS 2025

TABLE 17: IT & Telecom (Industry Vertical) Worldwide Sales in US$ Million by Region/Country: 2018-2025

TABLE 18: IT & Telecom (Industry Vertical) Market Share Shift across Key Geographies: 2019 VS 2025

TABLE 19: Consumer Goods & Retail (Industry Vertical) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 20: Consumer Goods & Retail (Industry Vertical) Market Share Breakdown by Region/Country: 2019 VS 2025

TABLE 21: Other Industry Verticals (Industry Vertical) Demand Potential Worldwide in US$ Million by Region/Country: 2018-2025

TABLE 22: Other Industry Verticals (Industry Vertical) Share Breakdown Review by Region/Country: 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Core HR Software Market Share (in %) by Company: 2019 & 2025

Market Analytics

TABLE 23: United States Core HR Software Market Estimates and Projections in US$ Million by Component: 2018 to 2025

TABLE 24: United States Core HR Software Market Share Breakdown by Component: 2019 VS 2025

TABLE 25: United States Core HR Software Market Estimates and Projections in US$ Million by Organization Size: 2018 to 2025

TABLE 26: United States Core HR Software Market Share Breakdown by Organization Size: 2019 VS 2025

TABLE 27: United States Core HR Software Latent Demand Forecasts in US$ Million by Industry Vertical: 2018 to 2025

TABLE 28: Core HR Software Market Share Breakdown in the United States by Industry Vertical: 2019 VS 2025

CANADA

TABLE 29: Canadian Core HR Software Market Estimates and Forecasts in US$ Million by Component: 2018 to 2025

TABLE 30: Core HR Software Market in Canada: Percentage Share Breakdown of Sales by Component for 2019 and 2025

TABLE 31: Canadian Core HR Software Market Estimates and Forecasts in US$ Million by Organization Size: 2018 to 2025

TABLE 32: Core HR Software Market in Canada: Percentage Share Breakdown of Sales by Organization Size for 2019 and 2025

TABLE 33: Canadian Core HR Software Market Quantitative Demand Analysis in US$ Million by Industry Vertical: 2018 to 2025

TABLE 34: Canadian Core HR Software Market Share Analysis by Industry Vertical: 2019 VS 2025

JAPAN

TABLE 35: Japanese Market for Core HR Software: Annual Sales Estimates and Projections in US$ Million by Component for the Period 2018-2025

TABLE 36: Japanese Core HR Software Market Share Analysis by Component: 2019 VS 2025

TABLE 37: Japanese Market for Core HR Software: Annual Sales Estimates and Projections in US$ Million by Organization Size for the Period 2018-2025

TABLE 38: Japanese Core HR Software Market Share Analysis by Organization Size: 2019 VS 2025

TABLE 39: Japanese Demand Estimates and Forecasts for Core HR Software in US$ Million by Industry Vertical: 2018 to 2025

TABLE 40: Core HR Software Market Share Shift in Japan by Industry Vertical: 2019 VS 2025

CHINA

TABLE 41: Chinese Core HR Software Market Growth Prospects in US$ Million by Component for the Period 2018-2025

TABLE 42: Chinese Core HR Software Market by Component: Percentage Breakdown of Sales for 2019 and 2025

TABLE 43: Chinese Core HR Software Market Growth Prospects in US$ Million by Organization Size for the Period 2018-2025

TABLE 44: Chinese Core HR Software Market by Organization Size: Percentage Breakdown of Sales for 2019 and 2025

TABLE 45: Chinese Demand for Core HR Software in US$ Million by Industry Vertical: 2018 to 2025

TABLE 46: Chinese Core HR Software Market Share Breakdown by Industry Vertical: 2019 VS 2025

EUROPE

Market Facts & Figures

European Core HR Software Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics

TABLE 47: European Core HR Software Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 48: European Core HR Software Market Share Shift by Region/Country: 2019 VS 2025

TABLE 49: European Core HR Software Market Estimates and Forecasts in US$ Million by Component: 2018-2025

TABLE 50: European Core HR Software Market Share Breakdown by Component: 2019 VS 2025

TABLE 51: European Core HR Software Market Estimates and Forecasts in US$ Million by Organization Size: 2018-2025

TABLE 52: European Core HR Software Market Share Breakdown by Organization Size: 2019 VS 2025

TABLE 53: European Core HR Software Addressable Market Opportunity in US$ Million by Industry Vertical: 2018-2025

TABLE 54: European Core HR Software Market Share Analysis by Industry Vertical: 2019 VS 2025

FRANCE

TABLE 55: Core HR Software Market in France by Component: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 56: French Core HR Software Market Share Analysis by Component: 2019 VS 2025

TABLE 57: Core HR Software Market in France by Organization Size: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 58: French Core HR Software Market Share Analysis by Organization Size: 2019 VS 2025

TABLE 59: Core HR Software Quantitative Demand Analysis in France in US$ Million by Industry Vertical: 2018-2025

TABLE 60: French Core HR Software Market Share Analysis: A 7-Year Perspective by Industry Vertical for 2019 and 2025

GERMANY

TABLE 61: Core HR Software Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Component for the Period 2018-2025

TABLE 62: German Core HR Software Market Share Breakdown by Component: 2019 VS 2025

TABLE 63: Core HR Software Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Organization Size for the Period 2018-2025

TABLE 64: German Core HR Software Market Share Breakdown by Organization Size: 2019 VS 2025

TABLE 65: Core HR Software Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Industry Vertical for the Period 2018-2025

TABLE 66: Core HR Software Market Share Distribution in Germany by Industry Vertical: 2019 VS 2025

ITALY

TABLE 67: Italian Core HR Software Market Growth Prospects in US$ Million by Component for the Period 2018-2025

TABLE 68: Italian Core HR Software Market by Component: Percentage Breakdown of Sales for 2019 and 2025

TABLE 69: Italian Core HR Software Market Growth Prospects in US$ Million by Organization Size for the Period 2018-2025

TABLE 70: Italian Core HR Software Market by Organization Size: Percentage Breakdown of Sales for 2019 and 2025

TABLE 71: Italian Demand for Core HR Software in US$ Million by Industry Vertical: 2018 to 2025

TABLE 72: Italian Core HR Software Market Share Breakdown by Industry Vertical: 2019 VS 2025

UNITED KINGDOM

TABLE 73: United Kingdom Market for Core HR Software: Annual Sales Estimates and Projections in US$ Million by Component for the Period 2018-2025

TABLE 74: United Kingdom Core HR Software Market Share Analysis by Component: 2019 VS 2025

TABLE 75: United Kingdom Market for Core HR Software: Annual Sales Estimates and Projections in US$ Million by Organization Size for the Period 2018-2025

TABLE 76: United Kingdom Core HR Software Market Share Analysis by Organization Size: 2019 VS 2025

TABLE 77: United Kingdom Demand Estimates and Forecasts for Core HR Software in US$ Million by Industry Vertical: 2018 to 2025

TABLE 78: Core HR Software Market Share Shift in the United Kingdom by Industry Vertical: 2019 VS 2025

REST OF EUROPE

TABLE 79: Rest of Europe Core HR Software Market Estimates and Forecasts in US$ Million by Component: 2018-2025

TABLE 80: Rest of Europe Core HR Software Market Share Breakdown by Component: 2019 VS 2025

TABLE 81: Rest of Europe Core HR Software Market Estimates and Forecasts in US$ Million by Organization Size: 2018-2025

TABLE 82: Rest of Europe Core HR Software Market Share Breakdown by Organization Size: 2019 VS 2025

TABLE 83: Rest of Europe Core HR Software Addressable Market Opportunity in US$ Million by Industry Vertical: 2018-2025

TABLE 84: Rest of Europe Core HR Software Market Share Analysis by Industry Vertical: 2019 VS 2025

ASIA-PACIFIC

TABLE 85: Core HR Software Market in Asia-Pacific by Component: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 86: Asia-Pacific Core HR Software Market Share Analysis by Component: 2019 VS 2025

TABLE 87: Core HR Software Market in Asia-Pacific by Organization Size: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 88: Asia-Pacific Core HR Software Market Share Analysis by Organization Size: 2019 VS 2025

TABLE 89: Core HR Software Quantitative Demand Analysis in Asia-Pacific in US$ Million by Industry Vertical: 2018-2025

TABLE 90: Asia-Pacific Core HR Software Market Share Analysis: A 7-Year Perspective by Industry Vertical for 2019 and 2025

REST OF WORLD

TABLE 91: Rest of World Core HR Software Market Estimates and Forecasts in US$ Million by Component: 2018 to 2025

TABLE 92: Core HR Software Market in Rest of World: Percentage Share Breakdown of Sales by Component for 2019 and 2025

TABLE 93: Rest of World Core HR Software Market Estimates and Forecasts in US$ Million by Organization Size: 2018 to 2025

TABLE 94: Core HR Software Market in Rest of World: Percentage Share Breakdown of Sales by Organization Size for 2019 and 2025

TABLE 95: Rest of World Core HR Software Market Quantitative Demand Analysis in US$ Million by Industry Vertical: 2018 to 2025

TABLE 96: Rest of World Core HR Software Market Share Analysis by Industry Vertical: 2019 VS 2025

IV. COMPETITION

AUTOMATIC DATA PROCESSING

CERIDIAN HCM

COREHR LIMITED

EMPLOYWISE

IBM CORPORATION

ORACLE CORPORATION

PAYCHEX

PAYCOM

SAP SE

SUMTOTAL SYSTEMS

ULTIMATE SOFTWARE GROUP

WORKDAY

V. CURATED RESEARCH

Note: Product cover images may vary from those shown
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4 of 3
  • Automatic Data Processing
  • Ceridian Hcm
  • Corehr Limited
  • Employwise
  • Ibm Corporation
  • Oracle Corporation
  • Paychex
  • Paycom
  • Sap Se
  • Sumtotal Systems
  • Ultimate Software Group
  • Workday
Note: Product cover images may vary from those shown
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