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Global Human Resource Management Market to reach USD 45.03 billion by 2028.

Global Human Resource Management Market Size study, by Component (Software, Services) by Software (Core HR, Employee Collaboration & Engagement, Recruiting, Talent Management, Workforce Planning & Analytics, Others) by Service (Integration & Deployment, Support & Maintenance, Training & Consulting) by Deployment (Hosted, On-premse) by Enterprise Size (Large Enterprise, Small & Medium Enterprise (SME)) by End-use (Academia, BFSI, Government, Healthcare, IT & telecom, Manufacturing, Retail, Others) and Regional Forecasts 2022-2028

Product Code: ICTEITS-85730147
Publish Date: 22-06-2022
Page: 200

Global Human Resource Management Market is valued approximately USD 19.38 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 12.8 % over the forecast period 2022-2028. Over the forecast period, the market is likely to see a jump in demand due to the increased use of automation and digitalization of HR activities in order to build more flexible and effective ways. The success of an organisation can also be determined by the efforts it makes to attract the correct pool of people and manage resources effectively. These advances are being adopted by businesses since these human resource management solutions have the ability to improve and enhance HR operations, ultimately boosting the market. IBM and Apptio, Inc. established a cooperation in October 2021 to improve corporate transformation using IBM’s open hybrid cloud architecture. Through hybrid cloud technologies and IBM’s open hybrid cloud strategy, the alliance will assist clients in driving Red Hat OpenShift adoption and improving decision-making. However, threat of cyber attacks impedes the growth of the market over the forecast period of 2022-2028. The integration of human resource management (HRM) systems with analytics is becoming easier because of advancements in current technologies like as predictive analytics, Machine Learning (ML), and Artificial Intelligence (AI).

The key regions considered for the Global Human Resource Management Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The market was dominated by North America. Numerous HRM solution vendors may be found in North America. HRM systems for payroll administration, attendance & time monitoring, and talent management, among other procedures, are being deployed by businesses in the United States to boost productivity and labour efficiency. Because of the expenditures made by governments and the initiatives followed in the area in digitalization, Asia Pacific is expected to have the quickest CAGR from 2022 to 2028. In addition, the regional market will be fueled by an increase in the number of automation efforts being implemented to boost organizational efficiency.

Major market player included in this report are:
Accenture
ADP, Inc.
Cezanne HR Limited.
Ceridian HCM, Inc.
International Business Machines Corp. (IBM)
Kronos Incorporated
Mercer LLC
Oracle
PwC
SAP SE
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Software
Services
By Software:
Core HR
Employee Collaboration & Engagement
Recruiting
Talent Management
Workforce Planning & Analytics
Others
By Service:
Integration & Deployment
Support & Maintenance
Training & Consulting
By Deployment:
Hosted
On-premise
By Enterprise Size:
Large Enterprise
Small & Medium Enterprise (SME)
By End-use:
Academia
BFSI
Government
Healthcare
IT & telecom
Manufacturing
Retail
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Human Resource Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Human Resource Management Market, by Region, 2020-2028 (USD Billion)
1.2.2. Human Resource Management Market, by Component, 2020-2028 (USD Billion)
1.2.3. Human Resource Management Market, by Software, 2020-2028 (USD Billion)
1.2.4. Human Resource Management Market, by Services, 2020-2028 (USD Billion)
1.2.5. Human Resource Management Market, by Deployment, 2020-2028 (USD Billion)
1.2.6. Human Resource Management Market, by Enterprise Size, 2020-2028 (USD Billion)
1.2.7. Human Resource Management Market, by End Use, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Human Resource Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Human Resource Management Market Dynamics
3.1. Human Resource Management Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing adoption of automation
3.1.1.2. Digitization of HR operations
3.1.2. Market Challenges
3.1.2.1. Threat of Cyber attacks
3.1.3. Market Opportunities
3.1.3.1. Improvements in modern technologies, such as predictive analytics, Machine Learning (ML), and Artificial Intelligence
3.1.3.2. Rise in demand for optimization in the big data analytics
Chapter 4. Global Human Resource Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Human Resource Management Market, by Component
6.1. Market Snapshot
6.2. Global Human Resource Management Market by Component, Performance – Potential Analysis
6.3. Global Human Resource Management Market Estimates & Forecasts by Component 2018-2028 (USD Billion)
6.4. Human Resource Management Market, Sub Segment Analysis
6.4.1. Software
6.4.2. Services
Chapter 7. Global Human Resource Management Market, by Software
7.1. Market Snapshot
7.2. Global Human Resource Management Market by Software, Performance – Potential Analysis
7.3. Global Human Resource Management Market Estimates & Forecasts by Software 2018-2028 (USD Billion)
7.4. Human Resource Management Market, Sub Segment Analysis
7.4.1. Core HR
7.4.2. Employee Collaboration & Engagement
7.4.3. Recruiting
7.4.4. Talent Management
7.4.5. Workforce Planning & Analytics
7.4.6. Others
Chapter 8. Global Human Resource Management Market, by Services
8.1. Market Snapshot
8.2. Global Human Resource Management Market by Services, Performance – Potential Analysis
8.3. Global Human Resource Management Market Estimates & Forecasts by Services 2018-2028 (USD Billion)
8.4. Human Resource Management Market, Sub Segment Analysis
8.4.1. Integration & Deployment
8.4.2. Support & Maintenance
8.4.3. Training & Consulting
Chapter 9. Global Human Resource Management Market, by Deployment
9.1. Market Snapshot
9.2. Global Human Resource Management Market by Deployment, Performance – Potential Analysis
9.3. Global Human Resource Management Market Estimates & Forecasts by Deployment 2018-2028 (USD Billion)
9.4. Human Resource Management Market, Sub Segment Analysis
9.4.1. Hosted
9.4.2. On-premise
Chapter 10. Global Human Resource Management Market, by Enterprise Size
10.1. Market Snapshot
10.2. Global Human Resource Management Market by Enterprise Size, Performance – Potential Analysis
10.3. Global Human Resource Management Market Estimates & Forecasts by Enterprise Size 2018-2028 (USD Billion)
10.4. Human Resource Management Market, Sub Segment Analysis
10.4.1. Large Enterprise
10.4.2. Small & Medium Enterprise (SME)
Chapter 11. Global Human Resource Management Market, by End-Use
11.1. Market Snapshot
11.2. Global Human Resource Management Market by End-Use, Performance – Potential Analysis
11.3. Global Human Resource Management Market Estimates & Forecasts by End-Use 2018-2028 (USD Billion)
11.4. Human Resource Management Market, Sub Segment Analysis
11.4.1. Academia
11.4.2. BFSI
11.4.3. Government
11.4.4. Healthcare
11.4.5. IT & telecom
11.4.6. Manufacturing
11.4.7. Retail
11.4.8. Others
Chapter 12. Global Human Resource Management Market, Regional Analysis
12.1. Human Resource Management Market, Regional Market Snapshot
12.2. North America Human Resource Management Market
12.2.1. U.S. Human Resource Management Market
12.2.1.1. Component breakdown estimates & forecasts, 2018-2028
12.2.1.2. Software breakdown estimates & forecasts, 2018-2028
12.2.1.3. Services breakdown estimates & forecasts, 2018-2028
12.2.1.4. Deployment breakdown estimates & forecasts, 2018-2028
12.2.1.5. Enterprise Size breakdown estimates & forecasts, 2018-2028
12.2.1.6. End-Use breakdown estimates & forecasts, 2018-2028
12.2.2. Canada Human Resource Management Market
12.3. Europe Human Resource Management Market Snapshot
12.3.1. U.K. Human Resource Management Market
12.3.2. Germany Human Resource Management Market
12.3.3. France Human Resource Management Market
12.3.4. Spain Human Resource Management Market
12.3.5. Italy Human Resource Management Market
12.3.6. Rest of Europe Human Resource Management Market
12.4. Asia-Pacific Human Resource Management Market Snapshot
12.4.1. China Human Resource Management Market
12.4.2. India Human Resource Management Market
12.4.3. Japan Human Resource Management Market
12.4.4. Australia Human Resource Management Market
12.4.5. South Korea Human Resource Management Market
12.4.6. Rest of Asia Pacific Human Resource Management Market
12.5. Latin America Human Resource Management Market Snapshot
12.5.1. Brazil Human Resource Management Market
12.5.2. Mexico Human Resource Management Market
12.6. Rest of The World Human Resource Management Market

Chapter 13. Competitive Intelligence
13.1. Top Market Strategies
13.2. Company Profiles
13.2.1. Accenture
13.2.1.1. Key Information
13.2.1.2. Overview
13.2.1.3. Financial (Subject to Data Availability)
13.2.1.4. Product Summary
13.2.1.5. Recent Developments
13.2.2. ADP, Inc.
13.2.3. Cezanne HR Limited.
13.2.4. Ceridian HCM, Inc.
13.2.5. International Business Machines Corp. (IBM)
13.2.6. Kronos Incorporated
13.2.7. Mercer LLC
13.2.8. Oracle
13.2.9. PwC
13.2.10. SAP SE
Chapter 14. Research Process
14.1. Research Process
14.1.1. Data Mining
14.1.2. Analysis
14.1.3. Market Estimation
14.1.4. Validation
14.1.5. Publishing
14.2. Research Attributes
14.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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