Global HR Software Market 2024-2028

Global HR Software Market 2024-2028

Global HR Software Market 2024-2028

The HR software market is forecasted to grow by USD 15228.3 mn during 2023-2028, accelerating at a CAGR of 11.74% during the forecast period. The report on the HR software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased budgets for HR software, increasing need to streamline HR functions, and growing need for businesses to comply with regulatory guidelines and ethical standards.

Technavio's HR software market is segmented as below:

• By Deployment
• Cloud
• On-premises
• By End-user
• Large enterprises
• SMEs
• By Geographical Landscape
• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the rising adoption of digital HR technology as one of the prime reasons driving the HR software market growth during the next few years. Also, increasing popularity of advanced workforce analytics and integration of AI into HR software will lead to sizable demand in the market.

The report on the HR software market covers the following areas:

• HR software market sizing
• HR software market forecast
• HR software market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading HR software market vendors that include Automatic Data Processing Inc., Automatic Payroll Systems Inc., Bamboo HR LLC, Cornerstone OnDemand Inc., Dayforce Inc., EmployWise, Greytip Software Pvt. Ltd., International Business Machines Corp., isolved HCM LLC, Namely Inc., Oracle Corp., PATRIOT SOFTWARE LLC, Paycom Software Inc., Paycor HCM Inc., Paylocity Holding Corp., Rippling People Center Inc., SAP SE, TriNet Group Inc., UKG Inc., and Workday Inc.. Also, the HR software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.