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EmploymentMetaverse.com (Employment Metaverse): Human Resources (HR) Software Market Forecast

December 16, 2021

NEW! The report has been updated to include 10 technology segments drastically changing Human Resources (HR) software market landscape, among them AI, blockchain, behavior analysis and others. New technologies radically affect the very fabric of entire HR management ecosystem and the very ways to screen candidates, measure performance and job satisfaction, train and educate workforce.

“Our software knows when employee decides to leave the company even before the employee himself/herself fully realizes it”, a quote from keynote speech of a CIO of one HR software industry leaders at CeBIT 2018.

The global HR software market is forecast to grow at a compound annual growth rate (CAGR) 2.4% reaching $9.2 billion by 2024.

Despite lack of growth in such traditional segments of the HR software market as payroll, time and attendance, and benefits management, these segments still represent a big and lucrative chunk of the market. The growth in the HR software market is driven by talent management sectors (recruiting, training, performance management/BI, and leadership/succession management) as well as by shift to software-as-a-service (SaaS) model. The HR software market went through an unprecedented wave of consolidation in recent years.

The ERP software giants pursue a double strategy in acquiring HR software companies:

  • expanding and integrating the new best-in-class HR management functionality into their comprehensive product/service offerings;
  • and introducing broader ERP product/service offerings through HR management loophole.

Human Resources (HR) Software Market Forecast

The report provides detailed year-by-year (2019 – 2024) forecasts for the following HR software market segments:

  • HR software market segments by geographic region: Americas, EMEA and Asia/Pacific;
  • By HR administration software – payroll, time and attendance, and benefits management;
  • By talent management software – recruiting, training, performance management/BI, and leadership/succession management.
  • By company size tiers;
  • By deployment model – licensed on premise, licensed hosted, and software-as-a-service (SaaS)
  • By verticals.


Table of Contents

1. Market Report Scope & Methodology
1.1. Scope
1.2. Research Methodology

2. Executive Summary
2.1. HR Software Market Landscape
2.2. HR Software Market: Key Findings and Forecasts
3. HR Software Market in Numbers
3.1. HR Software Market by Geographic Region
3.2. HR Software Market by HR Administration and Talent Management Segments
3.3. HR Software Market by Company Size Tiers
3.4. HR Software Market by Deployment Model
3.5. HR Software Market by Verticals
3.6. HR Software Market by New Technologies

List of Figures
Fig. 1- HR Software market: Size and Growth
Fig. 2- HR Software Market Landscape
Fig. 3- HR Software Market Forecast 2019-2024, $Mln
Fig. 4- Cumulative HR Software Market 2019-2024, market share by regions, %
Fig. 5- HR Software Market 2019-2024 by Geography, $Mln
Fig. 6- HR Software Market Growth Rates 2019-2024 by Region, CAGR %
Fig. 7- HR Software Market Dynamics by Geography
Fig. 8- Asia/Pacific: HR Software Market Forecast 2019 – 2024, $Mln
Fig. 9- Cumulative HR Software Market 2019-2024, Market Share by HR Administration and Talent Management, %
Fig. 10- HR Software Market Dynamics by HR Administration and Talent Management
Fig. 11- HR Administration Software Segment 2019-2024 by Payroll, Time and Attendance and Benefits Management, $Mln
Fig. 12- Cumulative HR Administration Software Market 2019-2024, Market Share by Payroll, Time and Attendance and Benefits Management, %
Fig. 13- Talent Management Software Segment 2019-2024 by Recruiting, Training, Performance Management/BI and Succession/Leadership Planning, $Mln
Fig. 14- Talent Management Software Market Growth Rates 2019-2024 by Recruiting, Training, Performance Management/BI and Leadership/Succession Planning, CAGR %
Fig. 15- Cumulative Talent Management Software Market 2019-2024, Market Share by by Recruiting, Training, Performance Management/BI and Leadership/Succession Planning, %
Fig. 16- Cumulative HR Software Market 2019-2024, Market Share by Company Size Tiers, %
Fig. 17- HR Software Market Growth Rates 2019-2024 by Company Size Tiers, CAGR %
Fig. 18- HR Software Market Dynamics by Deployment
Fig. 19- Cumulative HR Software Market 2019-2024 by Verticals, %

List of Tables
Table 1 – Early Wave of Mergers and Acquisitions, Venture Capital Funding, Product Offers
Table 2 – HR Software Market Forecast 2019-2024, $Mln
Table 3 – HR Software Market 2019-2024 by Geographic Region, $Mln
Table 4 – Americas: HR Software Market Forecast 2019 – 2024, $Mln
Table 5 – EMEA: HR Software Market Forecast 2019 – 2024, $Mln
Table 6 – HR Software Market 2019-2024 by HR Administration and Talent Management, $Mln
Table 7 – HR Administration Software Market Segment 2019-2024, $Mln
Table 8 – Talent Management Software Market Segment 2019-2024, $Mln
Table 9 – HR Software Market 2019-2024 by Company Size Tiers, $Mln
Table 10 – HR Software Market 2019-2024 by Deployment Model, $Mln
Table 11 – Investments in New Technologies in HR Software Market 2019-2024, $Mln

Filed Under: Reports Tagged With: HR software, HR software market

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