Recent research and the current scenario as well as future market potential of Core HR Software Market – Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 – 2025
Growing preference for maintaining centralized database to enhance HR operations is the key factor contributing to the growth of global Core HR Software market. Core HR Software is a software solution used for managing the back-end administrative HR tasks. Primary function of Core HR Software is to maintain a central database containing records of past and present employees and contractors, the database contains data of employee’s personal information, job profiles, employment history, promotions, workflow for transfers, pay raises, and other employee related information. Typically, Core HR Software system integrate various components of human resource management such as workforce management, payroll management, leave & attendance management, employee records, jobs & positions, and employee self-service. Also, these offers real-time core HR analytics and various types of reporting structure based on specific needs.
Core HR Software Market: Market Dynamics
Increasing interest to automate manual HR processes coupled with rising preference on utilizing human resource data for effective decision making is the prominent factor driving the growth of global Core HR Software market. Traditionally, on-premise licensed HR software was the most common deployment model for this category products, but due to advancement in cloud technology and continuous adoption to cloud based business models is expected to increase the demand for cloud based Core HR Software solutions. Additionally increasing interest, on tracking workforce performance, rising focus on integrating data analysis capabilities, and growing preference for interactive reports with easy-to-read dashboards fuels the growth of global Core HR Software market. However, lack of understanding about the potential benefits of the Core HR Software solutions is identified as restraints which are likely to deter the progression of global Core HR Software market.
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Core HR Software Market: Market Segmentation
The global Core HR Software market is segmented on the basis of deployment type, service, end-user type, and by region.
On the basis of deployment type, the global Core HR Software market can be segmented into following types;
- Software as a Service (SaaS)
On the basis of service, the global Core HR Software market can be segmented into following types;
On the base of end-user type, the global Core HR Software market can be segmented into following types;
- Small Enterprise
- Medium Enterprise
- Large Enterprise
Core HR Software Market: Regional Outlook
Regionally, the global Core HR Software market is segmented across North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan, Japan, and Middle East & Africa. Among all regions, Core HR Software market in North America is expected to dominate the market due to continuous focus on optimizing human resource operations. Asia Pacific is anticipated to witness significant growth rate, due to expanding small and medium enterprise and rising interest on cloud based business solutions.
Core HR Software Market: Competition Landscape
Some of the prominent players in the global Core HR Software market includes Oracle, Ceridian HCM, Inc., CoreHR, SAP, Ascentis, Kronos Incorporated, Automatic Payroll Systems, Inc., Vibe HCM, Inc., Workday, Inc, TriNet Group, Inc, and Ultimate Software.
The report covers exhaustive analysis on:
- Core HR Software Market segments
- Core HR Software Market dynamics
- Historical Actual Market Size, 2015 – 2016
- Core HR Software Market size & forecast 2017 to 2027
- Ecosystem analysis
- Core HR Software Market current trends/issues/challenges
- Competition & Companies involved technology
- Value Chain
- Core HR Software Market drivers and restraints
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Regional analysis for Core HR Software Market includes
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of the Western Europe
- Eastern Europe
- Rest of the Eastern Europe
- Western Europe
- Asia Pacific Excluding Japan (APEJ)
- Australia and New Zealand (ANZ)
- Rest of APEJ
- The Middle East & Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
- Tailwinds and headwinds molding the market’s trajectory
- Market segments based on products, technology, and applications
- Prospects of each segment
- Overall current and possible future size of the market
- Growth pace of the market
- Competitive landscape and key players’ strategies
The main aim of the report is to:
- Enable key stakeholder’s in the market bet right on it
- Understand the opportunities and pitfalls awaiting them
- Assess the overall growth scope in the near term
- Strategize effectively with respect to production and distribution
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