Global Core HR Software Market size was valued at USD 10.12 billion in 2021, and is projected to reach USD 17.51 billion by 2028, growing at a CAGR of 8.15% from 2022 to 2028.
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Core HR Software.pdf
1. Global Core HR Software Market Research Report,
2023-2029
Market Value:
• 2021 = USD 10.12 billion
• 2028 = USD 17.51 billion
• CAGR = 8.15%
• Date Published: January 2023
Publisher: Introspective Market Research
2. Core HR Software Market
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Annual Market Size and Forecast
Technological Roadmap & Regulatory Landscape
Analysis on type and applications
Industry Value Chain Analysis
Analysis on Major Trends
Key strategies by Top Market Players
Market Share Analysis 2021
REPORT OUTCOMES
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Global Core HR Software Market size was valued at USD 10.12 billion in 2021, and is
projected to reach USD 17.51 billion by 2028, growing at a CAGR of 8.15% from 2022 to
2028.
The core HR software is referred to as central HR software or human capital management
software that saves employee information in the central system of record. This software
effectively performs various functions of the HR department such as employee recruitment
scheduling, benefits administration, payroll, internal relations, employee training, and
compliance and safety. This software is made for a variety of organizations to complete the HR
department tasks and develop efficiency in the process. The core HR software collects,
arranges, and manages the data of employees who are working in the organization. The
employee data includes birth dates, employee addresses, social security numbers, national
identification numbers, and other information about employees.
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The research study includes an examination of many aspects that contribute to the market's
expansion. Market trends, restrictions, and drivers that have a favorable or negative influence
on the market are included. This section also discusses the many businesses and applications
that may have an impact on the market in the future. The information is based on both recent
and historical patterns. The cost structure, market size, Core HR Software Sales, Gross Margin
and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the
report.
The Major Players in The Core HR Software Market Include:
• Automatic Data Processing (US)
• Ceridian HCM Inc. (Minneapolis)
• CoreHR (Ireland)
• EmployWise (India)
• International Business Machine (IBM) Corporation (US)
• Oracle Corporation (US)
• PaychexInc. (Rochester)
• Paycom Software Inc. (Oklahoma)
• SAP SE (Germany)
• SumTotal Systems LLC. (Gainesville)
• Ultimate Software (Weston)
• Workday Inc. (Pleasanton) and other major players.
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Market has segmented the global Core HR Software Market on the basis of type,
application, and region:
By Type
• Succession Planning
• Pension Management
• Learning Management
• Personnel Management
• Compliance Management
• Benefits & Claims Management
• Payroll & Compensation Management
By Industry
• Vertical Government
• Manufacturing
• Energy & Utilities
• Consumer Goods & Retail
• Healthcare & Life Sciences
• Transportation & Logistics
• BFSI
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Reasons to Purchase this Report:
Qualitative and quantitative analysis of the market based on segmentation involving both
economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to
dominate the market
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Analysis by geography highlighting the consumption of the product/service in the region as
well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along
with new service/product launches, partnerships, business expansions and acquisitions in the
past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product
benchmarking and SWOT analysis for the major market players
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Table of Content: -
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Vehicle Type
3.2 By Industry Vertical
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Core HR Software Market by Vehicle Type
5.1 Core HR Software Market Overview Snapshot and Growth Engine
5.2 Core HR Software Market Overview
5.3 Succession Planning
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Succession Planning: Grographic Segmentation
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5.4 Pension Management
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Pension Management: Grographic Segmentation
5.5 Learning Management
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Learning Management: Grographic Segmentation
5.6 Personnel Management
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Personnel Management: Grographic Segmentation
5.7 Compliance Management
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Compliance Management: Grographic Segmentation
5.8 Benefits & Claims Management
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2016-2028F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Benefits & Claims Management: Grographic Segmentation
5.9 Payroll & Compensation Management
5.9.1 Introduction and Market Overview
5.9.2 Historic and Forecasted Market Size (2016-2028F)
5.9.3 Key Market Trends, Growth Factors and Opportunities
5.9.4 Payroll & Compensation Management: Grographic Segmentation
Chapter 6: Core HR Software Market by Industry Vertical
6.1 Core HR Software Market Overview Snapshot and Growth Engine
6.2 Core HR Software Market Overview
6.3 Government
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Government: Grographic Segmentation
6.4 Manufacturing
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Manufacturing: Grographic Segmentation
6.5 Energy & Utilities
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Energy & Utilities: Grographic Segmentation
6.6 Consumer Goods & Retail
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6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Consumer Goods & Retail: Grographic Segmentation
6.7 Healthcare & Life Sciences
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size (2016-2028F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Healthcare & Life Sciences: Grographic Segmentation
6.8 Transportation & Logistics
6.8.1 Introduction and Market Overview
6.8.2 Historic and Forecasted Market Size (2016-2028F)
6.8.3 Key Market Trends, Growth Factors and Opportunities
6.8.4 Transportation & Logistics: Grographic Segmentation
6.9 BFSI
6.9.1 Introduction and Market Overview
6.9.2 Historic and Forecasted Market Size (2016-2028F)
6.9.3 Key Market Trends, Growth Factors and Opportunities
6.9.4 BFSI: Grographic Segmentation
6.10 Others
6.10.1 Introduction and Market Overview
6.10.2 Historic and Forecasted Market Size (2016-2028F)
6.10.3 Key Market Trends, Growth Factors and Opportunities
6.10.4 Others: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Core HR Software Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Ansoff Matrix
7.1.5 Core HR Software Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Core HR Software Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 AUTOMATIC DATA PROCESSING
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 CERIDIAN HCM INC.
7.4 COREHR
7.5 EMPLOYWISE
7.6 INTERNATIONAL BUSINESS MACHINE
7.7 (IBM) CORPORATION
7.8 ORACLE CORPORATION
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7.9 PAYCHEX INC.
7.10 PAYCOM SOFTWARE INC.
7.11 SAP SE
7.12 SUMTOTAL SYSTEMS LLC.
7.13 ULTIMATE SOFTWARE
7.14 WORKDAY INC
7.15 OTHER MAJOR PLAYERS
Chapter 8: Global Core HR Software Market Analysis, Insights and Forecast, 2016-2028
To Be Continued…
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Terms of Use:
This research study involved the extensive usage of both primary and secondary data
sources. The research process involved the study of various factors affecting the
industry, including the government policy, market environment, competitive
landscape, historical data, present trends in the market, technological innovation,
upcoming technologies and the technical progress in related industry, and market
risks, opportunities, market barriers and challenges. The following illustrative figure
shows the market research methodology applied in this report.
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Top-down and bottom-up approaches are used to validate the global market size
market and estimate the market size for Company, regions segments, product
segments and Application (end users).
