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|Human Resource Management (HRM) Market Is Expected to Uprise Rapidly By 2025
by sarawhite593 · June 10 Matt Breida 49ers Jersey , 2019
San Francisco, 10 June 2019 鈥?鈥淗uman Resource Management (HRM) Market Size, Share & Trend Analysis Report By Software, By Service, By Deployment (Hosted, On-premise) George Kittle 49ers Jersey , By Enterprise Size (Large Enterprise, SMEs) By End Use, And Segment Forecasts, [2018 – 2025]鈥?p>
The global聽human resource management market聽size is projected to attain USD 30.0 billion by 2025, according to a new report by Grand View Research, Inc. Jimmy Garoppolo 49ers Jersey , exhibiting a 10.4% CAGR during the forecast period. Increasing need for managing widespread workforce and growing demand for replacing legacy systems with improved human capital management platforms are anticipated to fuel market growth.
Technological proliferation in the field of big data analytics, machine learning, artificial intelligence (AI), and Internet of Things (IoT) is expected to positively impact the market for Human Resource Management (HRM). Various solution providers are developing innovative solutions that integrate upcoming technologies into HR systems for enhanced organizational performance.
HRM solution providers are focusing on developing softwaresolutions that easily integrate with mobile apps, thereby enabling employees and employers to access information pertaining to time and attendance, leaves Jerry Rice 49ers Jersey , and performance status from their personal e features increase transparency across organizational departments and provide flexibility to managers to access data anytime and anywhere across the globe.
Increased cloud deployment across all industries is expected to accelerate the demand for HRM solutions over the forecast period. Use of cloud technology enables various Small & Medium Enterprises (SMEs) to adopt modern HRM solutions at reasonable prices without the need to constantly upgrade or replace systems.
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Further key findings from the report suggest:
The global human resource management market is expected to register a CAGR of 10.4% over the forecast period, owing to significant demand for automation of HR processes and need to streamline business processes Core HR software is projected to expand at a CAGR of 9.4% from 2017 to 2025, owing to extensive application in managing employees across the globe The talent management software segment is anticipated to grow at the fastest pace and register a CAGR of 13.0% over the forecast period, owing to features such as attracting, recruiting Joe Montana 49ers Jersey , and retaining human assets in an organization Post the implementation of HRM software, organizations require support and maintenance services from vendors. This is expected to increase the demand for support and maintenance services, enabling it to register a 13.7% CAGR over the forecast period Demand for hosted deployment is expected to increase over the forecast period owing to easy integration with other systems, ease of use, and reduced costs. The segment is anticipated to reach USD 13.8 billion by 2025 Demand in Asia Pacific is anticipated to grow at a significant rate and the market will reach a value of USD 6.5 billion by 2025, owing to rapid industrialization and digitization initiatives taken by various governments Major players operating in the HRM market include SAP SE; ADP Mitch Wishnowsky Authentic Jersey , LLC; IBM Corporation; Oracle Corporation; Workday, Inc.; and Ultimate Software. View more reports of this category by Grand View Research at
Grand View Research has segmented the human resource management market based on software, service, deployment, enterprise size, end use Jalen Hurd Authentic Jersey , and region:
Human Resource Management Software Outlook (Revenue, USD Million, 2014 – 2025)
Core HR Employee Collaboration & Engagement Recruiting Talent Management Workforce Planning & Analytics Others Human Resource Management Service Outlook (Revenue, USD Million, 2014 – 2025)
Integration & Deployment Support & Maintenance Training & Consulting Human Resource Management Deployment Outlook (Revenue, USD Million Deebo Samuel Authentic Jersey , 2014 – 2025)
Hosted On-premise Human Resource Management Enterprise Outlook (Revenue, USD Million, 2014 – 2025)
Large Enterprise Small & Medium Enterprise Human Resource Management End-use Outlook (Revenue, USD Million, 2014 – 2025)
Academia BFSI Government Healthcare IT & Telecom Manufacturing Retail Others Human Resource Management Regional Outlook (Revenue, USD Million Nick Bosa Authentic Jersey , 2014 – 2025)
North America U.S. Canada Europe France Germany U.K. Asia Pacific Australia China India Japan Singapore Thailand Latin America Brazil Middle East & Africa Browse Press Release of this Report:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The聽company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries Solomon Thomas Authentic Jersey , from technology to chemicals, materials and healthcare.
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