North America Human Resource Management Software Market

Historic Data: 2016-2017   |   Base Year: 2018   |   Forecast Period: 2019-2027

Analysis and Forecasts by Component (Solutions (Core HR, Recruiting and Talent Management, Workforce Planning and Analytics, Others) and Services (Professional Services (Integration and Deployment, Support and Maintenance, Training and Consulting) and Managed Services)); Enterprise Size (Large Enterprise, Small and Medium Enterprise); End User (Educational Institutes, BFSI, Government, Healthcare, IT and Telecom, Manufacturing, Retail, Others)

No. of Pages: 174
Report Code: TIPRE00007407
Category: Technology, Media and Telecommunications
North America Human Resource Management Software Market
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North America human resource management software market is expected to grow from US$ 6.04 Bn in 2018 to US$ 9.64 Bn by the year 2027. This represents a CAGR of 5.4% from the year 2018 to 2027.

 Human resource management is a broad term that consists of all the activities executed to achieve business goals, including boosting sales, building business relationships, client support, business operations, training, etc. The human resource management software market is a highly fragmented and competitive one. As major companies in this market continue to strengthen their positions by enhancing product portfolio, diversifying client base, and exploring new applications of their offerings, all the prominent players face an increasing level of competition, both from start-ups as well as the leading global technology and industrial companies in the world. Major human resource management software companies are based in North America, mainly in the US.

 

Human resources management software keeps track of all employees and information related to them, and the tracking is usually done in a vast database. The software solutions are implemented to streamline human resource functions, which include core HR, recruiting, talent management, workforce planning, and analytics. Human resource management solutions are increasingly implemented in educational institutes, BFSI, government, healthcare, IT and telecom, manufacturing, retail, and others.

 

Currently, the US is dominating the human resource management software market in terms of adoption, which in turn boost the demand for the social resource management software market. The US is a technologically developed country; hence, the adoption of advanced technologies is high across various sectors of the country. The US has the presence of a diverse range of industries and is the world’s leading high-tech innovators, which further drives the adoption of human resource management software in the country. Being a technologically advanced country, the US attracts a large number of companies from different sectors to set up their headquarters in the country. Moreover, the US government is focusing strongly on increasing labor productivity as well as efficiency with the help of HRM solutions for attendance, payroll, time, and talent management activities in the organizations which further boost the human resource management software market in the country. The figure given below highlights the revenue share of Mexico in the North America human resource management software market in the forecast period:

 

Exhibit: Mexico in North America Human Resource Management Software Market Revenue and Forecasts to 2027 (US$ Mn)

The figure highlights the revenue share of Mexico in the North America human resource management software market in the forecast period

 

NORTH AMERICA HUMAN RESOURCE MANAGEMENT SOFTWARE MARKET - SEGMENTATION

North America Human Resource Management Software Market – By Component

  • Solution
    • Core HR
    • Recruiting and Talent Management
    • Workforce Planning and Analytics
    • Others
  • Services
    • Professional Services
      • Integration and Deployment
      • Support and Maintenance
      • Training and Consulting
      • Managed Services

North America Human Resource Management Software Market – By Enterprise Size

  • SMEs
  • Large Enterprises

North America Human Resource Management Software Market – By End-User

  • IT and Telecom
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Government
  • Educational Institutes
  • Others

North America Human Resource Management Software Market – By Country

  • US
  • Canada
  • Mexico

North America Human resource management software Companies Mentioned

  • Accenture PLC
  • Automatic Data Processing, Inc.
  • Ceridian HCM Holding Inc.
  • IBM Corporation
  • Kronos Incorporated
  • Oracle Corporation
  • Paycom Software, Inc.
  • SAP SE
  • Ultimate Software Group Inc.
  • Workday, Inc.

North America Human Resource Management Software Market Strategic Insights

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North America Human Resource Management Software Market Segmentation Analysis

North America Human Resource Management Software Market Report Highlights

North America Human Resource Management Software Report Scope

Report Attribute Details
Market size in 2018 US$ 6.04 Billion
Market Size by 2027 US$ 9.64 Billion
CAGR (2018 - 2027) 5.4%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Component
  • Solutions
  • Services
  • Managed Services
By Enterprise Size
  • Large Enterprise
  • Small and Medium Enterprise
By End User
  • Educational Institutes
  • BFSI
  • Government
  • Healthcare
  • IT and Telecom
  • Manufacturing
  • Retail
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • Accenture PLC
  • Automatic Data Processing, Inc.
  • Ceridian HCM Holding Inc.
  • IBM Corporation
  • Kronos Incorporated
  • Oracle Corporation
  • Paycom Software, Inc.
  • SAP SE
  • Ultimate Software Group Inc.
  • Workday, Inc.
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North America Human Resource Management Software Market Country and Regional Insights

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The List of Companies - North America Human Resource Management Software Market

  • <p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif;"><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;"><strong><span style="color:
  • 1f4e79;">The List of Companies</span></strong></span></p><ol><li><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;">Accenture PLC</span></li><li><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;">Automatic Data Processing, Inc.</span></li><li><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;">Ceridian HCM Holding Inc.</span></li><li><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;">IBM Corporation</span></li><li><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;">&nbsp;Kronos Incorporated</span></li><li><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;">Oracle Corporation</span></li><li><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;">Paycom Software, Inc.</span></li><li><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;">SAP SE</span></li><li><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;">Ultimate Software Group Inc.</span></li><li><span style="font-size: 10pt; font-family: verdana, geneva, sans-serif;">Workday, Inc.</span></li></ol>
Frequently Asked Questions
How big is the North America Human Resource Management Software Market?

The North America Human Resource Management Software Market is valued at US$ 6.04 Billion in 2018, it is projected to reach US$ 9.64 Billion by 2027.

What is the CAGR for North America Human Resource Management Software Market by (2018 - 2027)?

As per our report North America Human Resource Management Software Market, the market size is valued at US$ 6.04 Billion in 2018, projecting it to reach US$ 9.64 Billion by 2027. This translates to a CAGR of approximately 5.4% during the forecast period.

What segments are covered in this report?

The North America Human Resource Management Software Market report typically cover these key segments-

  • Component (Solutions, Services, Managed Services)
  • Enterprise Size (Large Enterprise, Small and Medium Enterprise)
  • End User (Educational Institutes, BFSI, Government, Healthcare, IT and Telecom, Manufacturing, Retail)

What is the historic period, base year, and forecast period taken for North America Human Resource Management Software Market?

The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Human Resource Management Software Market report:

  • Historic Period : 2016-2017
  • Base Year : 2018
  • Forecast Period : 2019-2027
    • Who are the major players in North America Human Resource Management Software Market?

    The North America Human Resource Management Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Accenture PLC
  • Automatic Data Processing, Inc.
  • Ceridian HCM Holding Inc.
  • IBM Corporation
  • Kronos Incorporated
  • Oracle Corporation
  • Paycom Software, Inc.
  • SAP SE
  • Ultimate Software Group Inc.
  • Workday, Inc.
    • Who should buy this report?

    The North America Human Resource Management Software Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Human Resource Management Software Market value chain can benefit from the information contained in a comprehensive market report.

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