Market Research Logo

Core HR Software Market by Component (Software and Services), Deployment Type (On-Premises and Cloud), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global forecast to 2022

Core HR Software Market by Component (Software and Services), Deployment Type (On-Premises and Cloud), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global forecast to 2022

Increasing in adoption of automation and focus on employee engagement and retention is driving the core Human Resource (HR) software market
The core HR software market size is expected to grow from USD 6.47 billion in 2017 to USD 9.89 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.8%. Rise of the cloud and mobile deployment, and increase in automation in HR processes have led to the adoption of core HR software. Less understanding of technical integration of the software is one of the restraints for the core HR software market.

The service component is expected to grow at the highest CAGR during the forecast period
The service component is expected to grow at the highest CAGR during the forecast period, as services help organizations to easily deploy the software on their premises or on cloud. Vendors provide a complete range of services, such as integration services, support and maintenance, and consulting, and provide a single point of contact for all the help and assistance required.

The large enterprises segment of the core HR software is expected to hold largest market size during the forecast period
The market size of the core HR software is relatively high in case of the large enterprises, compared with Small and Medium-Sized Enterprises (SMEs). This is due to the affordability and high economies of scale that allow organizations to leverage the benefits of this software. The market is undergoing significant technological transitions, such as collaboration with social media, real-time solutions, and the usage of mobile devices. All these advancements are favorably welcomed and highly adopted by large organizations. Core HR software vendors help big enterprises by providing tools specially catered to them, such as the Unified Desktop, CRM Integration, and interaction analytics, to maintain a healthy communication between a large set of employees. Other than the HR functionality modules, such as recruitment and learning management, the software vendors offer custom-made HR suite in order to meet the needs of customers.

Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period
The APAC region is an emerging economy, as it is witnessing dynamic changes in the adoption of new technologies. The APAC region comprises emerging economies, such as China, India, Japan, Singapore, Malaysia, and Australia. It is expected to have a major traction toward core HR software modules due to the rise in demand for organizing its huge workforce. This region is also facing issues, such as aging population and increasing number of multigenerational workforce, which are required to be managed. Therefore, core HR is becoming the hot topic as employee satisfaction and skill upgradation are important for an organization in the long run.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break profile of primary participants is as follows:
• By Company: Tier 1 – 17%, Tier 2 – 47%, and Tier 3 – 36%
• By Designation: C-level – 64%, Manager level – 30%, and Others – 6%
• By Region: North America – 68%, Europe – 12%, APAC – 9%, MEA – 7%, and Latin America – 4%
The core HR software ecosystem comprises major vendors, such as Automatic Data Processing (ADP) (US), Ceridian HCM, Inc. (US), CoreHR (Ireland), EmployWise (India), International Business Machine (IBM) Corporation (US), Oracle Corporation (US), Paychex, Inc. (US), Paycom Software, Inc. (US), SAP SE (Germany), SumTotal Systems, LLC. (A Skillsoft Company) (US), Ultimate Software (US), and Workday, Inc. (US).

Research Coverage
The report includes in-depth competitive analysis of these key players in the core HR software market, with their company profiles, recent developments, and key market strategies. The research report segments the core HR software market by component, software, service, deployment type, organization size, industry vertical, and region.

Reasons to Buy the Report
The core HR software market has been segmented on the basis of components, software, services, deployment types, organization sizes, industry verticals, and regions. The report will help the market leaders/new entrants in this market in the following ways:
1. The report segments the core HR software market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different verticals and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders better understand the competitors and gain more insights to better position their businesses. There is a separate section on competitive landscape, including competitor ecosystem, and mergers and acquisitions. Besides, there are company profiles of 12 players offering software in this market. In this section, market internals are provided that can put them ahead of the competitors.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • VENDOR DIVE MATRIX
      • VENDOR DIVE MATRIX: WEIGHTAGE CRITERIA
      • QUADRANT DESCRIPTION
    • ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table CORE HR SOFTWARE MARKET SIZE, 2015-2022 (USD MILLION)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE CORE HR SOFTWARE MARKET
    • CORE HR SOFTWARE MARKET, BY VERTICAL AND REGION
    • CORE HR SOFTWARE MARKET, BY SOFTWARE
    • CORE HR SOFTWARE REGIONAL MARKET
    • LIFE CYCLE ANALYSIS, BY REGION (2017)
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • SOCIAL, MOBILITY, ANALYTICS, AND CLOUD
  • CORE HR SOFTWARE MARKET ANALYSIS, BY COMPONENT
    • INTRODUCTION
      • Table CORE HR SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • SOFTWARE
      • Table CORE HR SOFTWARE MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
    • SERVICES
      • Table CORE HR SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
  • CORE HR SOFTWARE MARKET ANALYSIS, BY SOFTWARE
    • INTRODUCTION
      • Table CORE HR SOFTWARE MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
    • BENEFITS AND CLAIMS MANAGEMENT
      • Table BENEFITS AND CLAIMS MANAGEMENT: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • PAYROLL AND COMPENSATION MANAGEMENT
      • Table PAYROLL AND COMPENSATION MANAGEMENT: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • PERSONNEL MANAGEMENT
      • Table PERSONNEL MANAGEMENT: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • LEARNING MANAGEMENT
      • Table LEARNING MANAGEMENT: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • PENSION MANAGEMENT
      • Table PENSION MANAGEMENT: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • COMPLIANCE MANAGEMENT
      • Table COMPLIANCE MANAGEMENT: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SUCCESSION PLANNING
      • Table SUCCESSION PLANNING: CORE HR SOFTWARE MARKET SIZE, BY REGION 2015-2022 (USD MILLION)
  • CORE HR SOFTWARE MARKET ANALYSIS, BY SERVICE
    • INTRODUCTION
      • Table CORE HR SOFTWARE MARKET, BY SERVICE, 2015-2022 (USD MILLION)
    • INTEGRATION SERVICES
      • Table INTEGRATION SERVICES: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • MAINTENANCE AND SUPPORT
      • Table MAINTENANCE AND SUPPORT: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CONSULTING SERVICES
      • Table CONSULTING SERVICES: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • CORE HR SOFTWARE MARKET ANALYSIS, BY DEPLOYMENT TYPE
    • INTRODUCTION
      • Table CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
    • CLOUD
      • Table CLOUD: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • ON-PREMISES
      • Table ON-PREMISES: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • CORE HR SOFTWARE MARKET ANALYSIS, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table CORE HR SOFTWARE MARKET, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • Table SMALL AND MEDIUM-SIZED ENTERPRISES: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • CORE HR SOFTWARE MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table CORE HR SOFTWARE MARKET, BY VERTICAL, 2015-2022 (USD MILLION)
    • GOVERNMENT
      • Table GOVERNMENT: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • MANUFACTURING
      • Table MANUFACTURING: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • ENERGY AND UTILITIES
      • Table ENERGY AND UTILITIES: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CONSUMER GOODS AND RETAIL
      • Table CONSUMER GOODS AND RETAIL: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • HEALTHCARE
      • Table HEALTHCARE: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • TRANSPORTATION AND LOGISTICS
      • Table TRANSPORTATION AND LOGISTICS: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • TELECOM AND INFORMATION TECHNOLOGY
      • Table TELECOM AND IT: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS VERTICALS
      • Table OTHERS VERTICALS: CORE HR SOFTWARE MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table CORE HR SOFTWARE MARKET, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: CORE HR SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: CORE HR SOFTWARE MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: CORE HR SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: CORE HR SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: CORE HR SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: CORE HR SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: CORE HR SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table EUROPE: CORE HR SOFTWARE MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
      • Table EUROPE: CORE HR SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table EUROPE: CORE HR SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table EUROPE: CORE HR SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table EUROPE: CORE HR SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table APAC: CORE HR SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: CORE HR SOFTWARE MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: CORE HR SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: CORE HR SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: CORE HR SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: CORE HR SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MEA: CORE HR SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: CORE HR SOFTWARE MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: CORE HR SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: CORE HR SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: CORE HR SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: CORE HR SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: CORE HR SOFTWARE MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: CORE HR SOFTWARE MARKET SIZE, BY SOFTWARE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: CORE HR SOFTWARE MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: CORE HR SOFTWARE MARKET SIZE, BY DEPLOYMENT TYPE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: CORE HR SOFTWARE MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: CORE HR SOFTWARE MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • STRATEGIC BENCHMARKING
      • TECHNOLOGY INTEGRATION AND PRODUCT ENHANCEMENT
    • VENDOR DIVE OVERVIEW
      • VANGUARDS
      • INNOVATORS
      • DYNAMIC
      • EMERGING
    • PRODUCT OFFERINGS
    • BUSINESS STRATEGIES
  • COMPANY PROFILES
    • AUTOMATIC DATA PROCESSING, LLC
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • CERIDIAN HCM, INC.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • COREHR
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • EMPLOYWISE, INC.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • INTERNATIONAL BUSINESS MACHINES CORPORATION
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • ORACLE CORPORATION
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • PAYCHEX, INC.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • PAYCOM SOFTWARE, INC.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • SAP SE
      • OVERVIEW
      • COMPANY SCORECARD
    • SUMTOTAL SYSTEMS, LLC (A SKILLSOFT COMPANY)
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • ULTIMATE SOFTWARE GROUP, INC.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
    • WORKDAY, INC.
      • OVERVIEW
      • COMPANY SCORECARD
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INDUSTRY EXCERPTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report