HR Software Market 2021-2027 Trends, Research Report, Growth Trends, Opportunities, and Forecast to 2027

HR Software Market was valued at USD 15.59 Billion in 2018 and is projected to reach USD 33.58 Billion by 2026, growing at a CAGR of 10.08 % from 2019 to 2026.

The Human Resources (HR) department coordinates various functions such as salary increases, bonus payment management, recruitment, training, performance management, and succession planning. The growing adoption of cloud technologies such as Software as a Service (SaaS) is expected to be a key driver for the growth of the HR software industry. This technology offers several benefits including ubiquity, document control, and automatic updates, which can drive demand over the forecast period.

Major Players

Major players such as Automatic Data Processing, Inc., bamboohr LLC, clearcompany, Inc., Cognizant Technology Solutions, Halogen Software Inc., peopleadmin, Cornerstone ondemand, Inc., Oracle Corp., SAP SE, and IBM Corp.

HR Software Market- Segmentation

By Deployment:

• Cloud
• On Premise

By Vertical:

• BFSI
• Healthcare
• Manufacturing
• Transportation
• IT & Telecommunication
• Retail and Government

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Key Questions Answered HR Software Market Report

• What was the HR Software Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of HR Software Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the HR Software Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.