DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Core HR Software Market by Component (Software and Services), Deployment Type (On-Premises and Cloud), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global forecast to 2022" report to their offering.
The core HR software market size is expected to grow from USD 6.47 billion in 2017 to USD 9.89 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.8%.
Rise of the cloud and mobile deployment, and increase in automation in HR processes have led to the adoption of core HR software. Less understanding of technical integration of the software is one of the restraints for the core HR software market.
The service component is expected to grow at the highest CAGR during the forecast period, as services help organizations to easily deploy the software on their premises or on cloud. Vendors provide a complete range of services, such as integration services, support and maintenance, and consulting, and provide a single point of contact for all the help and assistance required.
The market size of the core HR software is relatively high in case of the large enterprises, compared with Small and Medium-Sized Enterprises (SMEs). This is due to the affordability and high economies of scale that allow organizations to leverage the benefits of this software. The market is undergoing significant technological transitions, such as collaboration with social media, real-time solutions, and the usage of mobile devices.
Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Core HR Software Market Analysis, By Component
7 Core HR Software Market Analysis, By Software
8 Core HR Software Market Analysis, By Service
9 Core HR Software Market Analysis, By Deployment Type
10 Core HR Software Market Analysis, By Organization Size
11 Core HR Software Market Analysis, By Vertical
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
- Automatic Data Processing, LLC
- Ceridian HCM, Inc.
- Employwise, Inc.
- International Business Machines Corporation
- Oracle Corporation
- Paychex, Inc.
- Paycom Software, Inc.
- SAP SE
- Sumtotal Systems, LLC (A Skillsoft Company)
- Ultimate Software Group, Inc.
- Workday, Inc.
For more information about this report visit http://www.researchandmarkets.com/research/wlnpqz/core_hr_software