/ Report Details / Human Resource Management (HRM) Market

Human Resource Management (HRM) Market, By Software (Talent Management, Core HR, Recruitment, and Workforce Planning), By Services, By End Use and Geography (North America, Europe, Asia Pacific and Rest of the World) Analysis, Share, Trends, Size, & Forecast from 2014 2025

Report Code: AV389

Industry: Semiconductor and Electronics

Publiced On: 2020-09-01

Pages: 144

Format: ppt pdf

REPORT HIGHLIGHT

The human resource management (HRM) market was valued at USD 15.02 billion by 2017, growing with 10% CAGR during the forecast period, 2019-2025

The global human resource management (HRM) market is expected to witness phenomenal growth over the forecast period, owing to major advancements in the information technology (IT) sector along with the introduction of advanced analytics. HRM is basically a set of software solutions that are directly related to workforce resource management. The software is designed on the basis of business requirements, including several administrative needs. The software provides definite capabilities which are implemented for the best practice of workforce management, planning, payrolls, and others. The introduction of software related to HRM, in addition to human capital management (HCM), provide a strategic fit of human resources to companies.

Market Dynamics

The key factors driving the industry include the growing demand for talent mobility, advanced methods of talent acquisition & retention, significant technological advancements and the growing need to improve workforce management across enterprises. Numerous multinational companies have also implemented real-time HRM solutions to level their workforce, assisting modern businesses to accomplish their goals & objectives without interruptions or delay. In this era of digitalization and innovation, companies are busy aligning their workforce, via actions and utilization of various software for boosting productivity and profitability.

Each department within an organization has a direct linkage with the human resource department and vice versa. Clockwork operational functions within these departments are maintained in an efficient & effective manner via the adoption of HRM solutions. These solutions have helped conceptualize organizational human resources as a quantifiable asset. HRM and related software help to measure and evaluate the productivity and contribution of individual employees based on certain parameters such as skill, logging efforts, attendance, and others. These services and solutions also help to optimize operations relating to workforce acquisitions.

Recent trends indicate that the companies which have implemented HRM and HCM software have outperformed their competitors, and the trend is expected to continue over the forecast period. Thus, numerous companies are increasingly adopting this software to provide superior performance in terms of managing deliverables. Company projects and deliverables are directly linked to the number of employees engaged in several assignments. HRM also provides a detailed insight into the productivity of any organization which is beneficial for prospective investors. The talent acquisition department and other HR functionalities ought to work with a common objective since collaboration is crucial to the overall organizational efficiency. HRM enables this alignment, which in turn is expected to foster software demand.

However, lack of awareness regarding this software is likely to restrain the market growth. Several organizations are adopting such technologies at a slow pace. Companies tend to follow the concept of “best breed” by integrating this technology across all functions, rather than dedicate individual modules with related functions, which may pose a challenge to market growth.

Segment Takeaway

The global market is segmented based on solutions, deployment, end-use, and geography. Major solutions offered by this software include human capital management which is further subdivided into core HR, workforce management, compensation management, performance and talent management, recruiting, learning management, employee collaboration and engagement, and others.

On the basis of deployment, the global industry has been segmented into cloud and on-premises technology. HRM finds application across numerous end-use industries that include manufacturing, retail, public sector, healthcare, automotive, BFSI, education, energy and utilities, and others. HRM is used both in SMBs and large enterprises. HRM and HCM modules provide significant advantages to numerous end-use industries, by fostering HR functionalities and facilitating faster connectivity. Recently, North America occupied the highest market share, followed by Europe.

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Regional Takeaway

The Asia Pacific is expected to emerge as the fastest-growing region on account of rapid industrialization and digitalization, coupled with the presence of a vast human resource pool. Major contributing countries within the Asia Pacific include China and India, owing to their vast population and positive employment rate.

Key Vendors Takeaway

The key players in this market include Netsuite Incorporation, JD Edwards, Oracle, SAP, IBM Corporation, Bann and others. Market participants are increasingly indulging in various strategic alliances and product launches to gain a competitive edge in the global industry.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2017
  • Base Year – 2018
  • Estimated Year – 2019
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies
  • Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MAREKT, BY SOFTWARE

  • Talent Management
  • Core HR
  • Recruitment
  • Workforce Planning
  • Others

MARKET, BY SERVICES

  • Support and Maintenance
  • Integration & Deployment
  • Training and Consulting

MARKET, BY END USE

  • Government
  • Manufacturing
  • Retail
  • BFSI
  • Academics
  • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

TABLE OF CONTENT

1. HUMAN RESOURCE MANAGEMENT (HRM) MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Software
2.1.2. Market Snippet by Services
2.1.3. Market Snippet by End Use
2.1.4. Market Snippet by Region
2.2. Competitive Insights
3. HUMAN RESOURCE MANAGEMENT (HRM) KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. HUMAN RESOURCE MANAGEMENT (HRM) INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. HUMAN RESOURCE MANAGEMENT (HRM) MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. HUMAN RESOURCE MANAGEMENT (HRM) MARKET – BY SOFTWARE
6.1. Overview
6.1.1. Segment Share Analysis, By Software, 2017 & 2025 (%)
6.2. Talent Management
   6.2.1. Overview
   6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.3. Core HR
   6.3.1. Overview
   6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.4. Recruitment
   6.4.1. Overview
   6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.5. Workforce Planning
   6.5.1. Overview
   6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
6.6. Others
   6.6.1. Overview
   6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7. HUMAN RESOURCE MANAGEMENT (HRM) MARKET – BY SERVICES
7.1. Overview
7.1.1. Segment Share Analysis, By Software, 2017 & 2025 (%)
7.2. Support and Maintenance
   7.2.1. Overview
   7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.3. Integration & Deployment
   7.3.1. Overview
   7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
7.4. Training and Consulting
   7.4.1. Overview
   7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8. HUMAN RESOURCE MANAGEMENT (HRM) MARKET – BY END USE
8.1. Overview
8.1.1. Segment Share Analysis, By End Use, 2017 & 2025 (%)
8.2. Government
   8.2.1. Overview
   8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.3. Manufacturing
   8.3.1. Overview
   8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.4. Retail
   8.4.1. Overview
   8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.5. BFSI
   8.5.1. Overview
   8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.6. Academics
   8.6.1. Overview
   8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
8.7. Others
   8.7.1. Overview
   8.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9. HUMAN RESOURCE MANAGEMENT (HRM) MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Region, 2017 & 2025 (%)
9.2. North America
   9.2.1. Overview
   9.2.2. Key Manufacturers in North America
   9.2.3. North America Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   9.2.4. North America Market Size and Forecast, By Software, 2014 – 2025 (US$ Million)
   9.2.5. North America Market Size and Forecast, By Services, 2014 – 2025 (US$ Million)
   9.2.6. North America Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.2.7. U.S.
   9.2.7.1. Overview
   9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.2.8. Canada
   9.2.8.1. Overview
   9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3. Europe
   9.3.1. Overview
   9.3.2. Key Manufacturers in Europe
   9.3.3. Europe Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   9.3.4. Europe Market Size and Forecast, By Software, 2014 – 2025 (US$ Million)
   9.3.5. Europe Market Size and Forecast, By Services, 2014 – 2025 (US$ Million)
   9.3.6. Europe Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.3.7. France
   9.3.7.1. Overview
   9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.8. Germany
   9.3.8.1. Overview
   9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.3.9. Rest of Europe
   9.3.9.1. Overview
   9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4. Asia Pacific (APAC)
   9.4.1. Overview
   9.4.2. Key Manufacturers in Asia Pacific
   9.4.3. Asia Pacific Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   9.4.4. Asia Pacific Market Size and Forecast, By Software, 2014 – 2025 (US$ Million)
   9.4.5. Asia Pacific Market Size and Forecast, By Services, 2014 – 2025 (US$ Million)
   9.4.6. Asia Pacific Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.4.7. China
   9.4.7.1. Overview
   9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.8. India
   9.4.8.1. Overview
   9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.4.9. Rest of APAC
   9.4.9.1. Overview
   9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5. Rest of the World
   9.5.1. Overview
   9.5.2. Key Manufacturers in Rest of the World
   9.5.3. Rest of the World Market Size and Forecast, By Country, 2014 – 2025 (US$ Million)
   9.5.4. Rest of the World Market Size and Forecast, By Software, 2014 – 2025 (US$ Million)
   9.5.5. Rest of the World Market Size and Forecast, By Services, 2014 – 2025 (US$ Million)
   9.5.6. Rest of the World Market Size and Forecast, By End Use, 2014 – 2025 (US$ Million)
9.5.7. Latin America
   9.5.7.1. Overview
   9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
9.5.8. Middle East and Africa
   9.5.8.1. Overview
   9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Million)
10. KEY VENDOR ANALYSIS
10.1. Netsuite Incorporation
   10.1.1. Company Snapshot
   10.1.2. Financial Performance
   10.1.3. Product Benchmarking
   10.1.4. Strategic Initiatives
10.2. JD Edwards
10.3. Oracle
10.4. SAP
10.5. IBM Corporation
10.6. Bann
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us

List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Human Resource Management (HRM) market: Software snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Software
TABLE Global Human Resource Management (HRM) market, by Software 2014-2025 (USD Million)
TABLE Human Resource Management (HRM) market: Services snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Services
TABLE Global Human Resource Management (HRM) market, by Services 2014-2025 (USD Million)
TABLE Human Resource Management (HRM) market: End Use snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by End Use
TABLE Global Human Resource Management (HRM) market, by End Use 2014-2025 (USD Million)
TABLE Human Resource Management (HRM) market: regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by region
TABLE Global Human Resource Management (HRM) market, by region 2014-2025 (USD Million)
TABLE North America Human Resource Management (HRM) market, by country, 2014-2025 (USD Million)
TABLE North America Human Resource Management (HRM) market, by Software, 2014-2025 (USD Million)
TABLE North America Human Resource Management (HRM) market, by End Use, 2014-2025 (USD Million)
TABLE Europe Human Resource Management (HRM) market, by country, 2014-2025 (USD Million)
TABLE Europe Human Resource Management (HRM) market, by Software, 2014-2025 (USD Million)
TABLE Europe Human Resource Management (HRM) market, by End Use, 2014-2025 (USD Million)
TABLE Asia Pacific Human Resource Management (HRM) market, by country, 2014-2025 (USD Million)
TABLE Asia Pacific Human Resource Management (HRM) market, by Software, 2014-2025 (USD Million)
TABLE Rest of the World Human Resource Management (HRM) market, by country, 2014-2025 (USD Million)
TABLE Rest of the World Human Resource Management (HRM) market, by Software, 2014-2025 (USD Million)
TABLE Rest of the World Human Resource Management (HRM) market, by End Use, 2014-2025 (USD Million)

List of Figures
FIGURE Human Resource Management (HRM) market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Software segment market share analysis, 2017 & 2025
FIGURE Software segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Talent Management market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Core HR market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Recruitment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Workforce Planning market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Others market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Services segment market share analysis, 2017 & 2025
FIGURE Services segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Support and Maintenance market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Integration & Deployment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Training and Consulting market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE End Use segment market share analysis, 2017 & 2025
FIGURE End Use segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Government market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Manufacturing market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Retail market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE BFSI market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Academics market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Regional segment market share analysis, 2017 & 2025
FIGURE Regional segment market size forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE North America Human Resource Management (HRM) market share and leading players, 2018
FIGURE Europe Human Resource Management (HRM) market share and leading players, 2018
FIGURE Asia Pacific Human Resource Management (HRM) market share and leading players, 2018
FIGURE Latin America Human Resource Management (HRM) market share and leading players, 2018
FIGURE Middle East and Africa Human Resource Management (HRM) market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Canada market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Europe market share analysis by country, 2018
FIGURE U.K. market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Germany market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the Europe market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Asia Pacific market share analysis by country, 2018
FIGURE India market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE China market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of Asia Pacific market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Rest of the World market share analysis by country, 2018
FIGURE Latin America market size, forecast and trend analysis, 2014 to 2025 (USD Million)
FIGURE Middle East and Africa market size, forecast and trend analysis, 2014 to 2025 (USD Million)

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