Human Resource Management Systems - Global Market Trajectory & Analytics

Global Human Resource Management Systems Market to Reach $34.6 Trillion by 2027

Amid the COVID-19 crisis, the global market for Human Resource Management Systems estimated at US$17.4 Trillion in the year 2020, is projected to reach a revised size of US$34.6 Trillion by 2027, growing at a CAGR of 10.3% over the period 2020-2027. On-Premise, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$22.1 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud segment is readjusted to a revised 13.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.7 Trillion, While China is Forecast to Grow at 13.5% CAGR

The Human Resource Management Systems market in the U.S. is estimated at US$4.7 Trillion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.3 Trillion by the year 2027 trailing a CAGR of 13.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 8.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.

Select Competitors (Total 10 Featured):

• Accenture PLC
• Automatic Data Processing (ADP), Inc.
• BambooHR
• BizMerlin
• Ceridian HCM, Inc.
• Cezanne HR Ltd.
• Deskera HRMS
• Gusto
• Halogen Software
• IBM Corporation
• Intellect
• Kronos Incorporated
• Mercer LLC
• NetSuite, Inc.
• Optimum HR
• Oracle Corporation
• SAP SE
• Talentsoft
• Talmetrix
• Ultimate Software
• Workday, Inc.
• Zenefits