Core HR Software

Global Market Trajectory & Analytics

MCP11332

EXECUTIVE ENGAGEMENTS

POOL

21203
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

1908
Interactions with Platform & by Email

PARTICIPANTS

424
Unique # Participated

VALIDATIONS

91
Responses Validated*

COMPANIES

11
Responses Validated*
* Login for a full stack data experience

DATE

APR 2021

TABLES

104

PAGES

145

EDITION

5

PRICE

USD 4950

CODE

MCP11332


  

HIGHLIGHTS & REPORT INDEX

Amid the COVID-19 crisis, the global market for Core HR Software estimated at US$7.4 Billion in the year 2020, is projected to reach a revised size of US$12.2 Billion by 2027, growing at aCAGR of 7.4% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 6.8% CAGR and reach US$7.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 8.5% CAGR for the next 7-year period.
The Core HR Software market in the U.S. is estimated at US$2.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 6.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR.

SELECT PLAYERS

Automatic Data Processing, Inc. (ADP); Ceridian HCM, Inc.; CoreHR Limited; Employwise Inc.; IBM Corporation; Oracle Corporation; Paychex, Inc.; Paycom; SAP SE; Sumtotal Systems, LLC; Ultimate Software Group, Inc.; Workday, Inc.

SEGMENTS

» Component (Software, Services) » Industry Vertical (Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail, Other Industry Verticals) » Organization Size (SMEs, Large Enterprises)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
As a Centralized Repository for Workforce Data, Core HR Software is Vital to Seamless Human Resource Management
Automation of HR Processes Paves the Way for Wider Adoption
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rising Demand for HR Technology across Various Industry Verticals Bodes Well for Market Growth
Steady Pace of Investments in the Space Driven by Organizations Moving Towards Digitization: Total Investment (In US$ Billion) in HR Tech for the Years 2015, 2016, 2017 & 2018
Inherent Benefits of Core HR Software Spurs Adoption
Select Popular Core HR Software Solutions
Integration of Employee Self-Service Options Bolsters Market Prospects
Rapid Adoption of Cloud-Based Based HR Management Systems Amplifies Demand for Core HR Solutions
Small and Medium-sized Enterprises Increase Investments in HR Software to Improve Cost Optimization
Growing Use of HR Analytics for Effective Decision Making Open up New Possibilities
Increasing Interest in Data-Driven Insights to Track Workforce Performance and Talent Management Drives up Demand: Global HR Analytics Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Core HR Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Core HR Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
World Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for SMEs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for SMEs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Large Enterprises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Large Enterprises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Government by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Government by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for IT & Telecom by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for IT & Telecom by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Consumer Goods & Retail by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Consumer Goods & Retail by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
World Current & Future Analysis for Other Industry Verticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other Industry Verticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
UNITED STATES
USA Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
USA Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
USA Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
CANADA
Canada Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
Canada Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
Canada Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
JAPAN
Japan Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
Japan Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
Japan Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
CHINA
China Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
China Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
China Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
EUROPE
Europe Current & Future Analysis for Core HR Software by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Core HR Software by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
Europe Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
Europe Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
Europe Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
FRANCE
France Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
France Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
France Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
GERMANY
Germany Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
Germany Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
Germany Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
ITALY
Italy Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
Italy Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
Italy Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
UK Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
UK Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
Rest of Europe Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
Rest of Europe Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
Asia-Pacific Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
Asia-Pacific Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Core HR Software by Component - Software and Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Core HR Software by Component - Percentage Breakdown of Value Sales for Software and Services for the Years 2020 & 2027
Rest of World Current & Future Analysis for Core HR Software by Organization Size - SMEs and Large Enterprises - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Core HR Software by Organization Size - Percentage Breakdown of Value Sales for SMEs and Large Enterprises for the Years 2020 & 2027
Rest of World Current & Future Analysis for Core HR Software by Industry Vertical - Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Core HR Software by Industry Vertical - Percentage Breakdown of Value Sales for Government, Manufacturing, BFSI, IT & Telecom, Consumer Goods & Retail and Other Industry Verticals for the Years 2020 & 2027
Total Companies Profiled: 11

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