In 2019, the global human resource management market stood at a value of USD 17.63 billion and is expected to grow at a CAGR of 12.67% between 2020 and 2025. Global organizations are focusing on establishing a digital workplace that allows high productivity, provides flexibility, mobility, and utilizes modern communication instruments. This change of business processes from legacy to digital systems is driving the market growth for human resource management as it plays a major role in centralizing human resource information across an organization's divisions, enabling simple data access.
Properties and Applications
Human resource management is a practical approach to manage people effectively in a company or an organization to assist in their business and achieve a competitive advantage. It is intended to optimize the output of employees serving the strategic goals of an employer.
The human resource management market can be divided on the basis of segments like component, deployment model, and industry verticles.
The industry can be broadly categorised on the basis of its industry verticles into:
The industry can be divided on the basis of its component into core HR, recruiting, workforce management, compensation and payroll, services, and professional service, among others. The industry can be segmented based on its deployment models into CLOUD and on-premises.
The EMR report looks into the regionals markets of human resource management like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Advances in IT and the introduction of predictive analytics in HR procedures are anticipated to increase the development of human resource management market. The evolution of multiple human resource management (HRM) has allowed practitioners to carry out traditional HR operations over a short period of time and then concentrate on attracting the correct pool of applicants, maintaining human capital, aligning organisational policies with individual objectives, and managing their human resources in a way that results in organisational development.
The report gives a detailed analysis of the following key players in the global human resource management market, looking into their capacities, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report provides an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's five forces.
Key Questions Answered in the Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Human Resource Management Market Analysis
6.1 Global Human Resource Management Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Global Human Resource Management Market Breakup by Component
6.2.1 Core HR
6.2.3 Workforce Management
6.2.4 Compensation and Payroll
6.2.6 Professional Service
6.2.7 Others (Learning, Appliany Tracking & Onboaring)
6.3 Global Human Resource Management Market Breakup by Component: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Core HR
6.3.3 Workforce Management
6.3.4 Compensation and Payroll
6.3.6 Professional Service
6.3.7 Others (Learning, Appliany Tracking & Onboaring)
6.4 Global Human Resource Management Market Breakup by Deployment Model
6.5 Global Human Resource Management Market Breakup by Deployment Model: Historical Market (2015-2019) & Forecast (2020-2025)
6.6 Global Human Resource Management Market by Industry Verticals
6.6.1 Banking Financial Services and Insurance (BFSI)
6.6.3 IT & Telecommunication
6.6.8 Others (Education, Transportation, Energy & Utilities and Media & Entertainment)
6.7 Global Human Resource Management Market by Industry Verticals: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 Banking Financial Services and Insurance (BFSI)
6.7.3 IT & Telecommunication
6.7.8 Others (Education, Transportation, Energy & Utilities and Media & Entertainment)
6.8 Global Human Resource Management Market by Region
6.8.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.8.3 Asia Pacific
6.8.4 Latin America
6.8.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.9 Global Human Resource Management Market by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.9.3 Asia Pacific
6.9.4 Latin America
6.9.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Regional Price Analysis
9.1 North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.2 Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.3 Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.4 Latin America Historical Price Trends (2015-2019) & Forecast (2020-2025)
9.5 Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
10 Competitive Landscape & Supplier Analysis
10.1 SAP SE (ETR: SAP)
10.1.1 Company Overview
10.1.2 Financial Analysis
10.2 INFOR INC.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.3 ORACLE CORPORATION (NYSE: ORCL)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.4 KRONOS INC.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.5 CORNERSTONE ONDEMAND, INC. (NASDAQ: CSOD)
10.5.1 Company Overview
10.5.2 Financial Analysis
10.6 IBM (NYSE: IBM)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.7 ADP, LLC (NASDAQ: ADP)
10.7.1 Company Overview
10.7.2 Financial Analysis
11 Events and Developments
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