コア人事ソフトウェア市場：コンポーネント別（ソフトウェア（学習管理、給与・報酬管理、福利厚生・請求管理）、サービス）、展開タイプ別、業種別（政府機関、BFSI、製造業）、地域別 - 2028年までの世界予測

Core HR Software Market by Component (Software (Learning Management, Payroll & Compensation Management, Benefits & Claims Management) and Services) Deployment Type, Vertical (Government, BFSI, Manufacturing) and Region - Global Forecast to 2028

コアHRソフトウェア市場規模は、2023年の107億米ドルから2028年には151億米ドルに成長し、予測期間中の年間平均成長率（CAGR）は7.0％になると予測される。HRプロセスの変革に向けたAIと自動化の採用拡大、および... もっと見る

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コアHRソフトウェア市場規模は、2023年の107億米ドルから2028年には151億米ドルに成長し、予測期間中の年間平均成長率（CAGR）は7.0％になると予測される。HRプロセスの変革に向けたAIと自動化の採用拡大、およびリモートワークモデルの採用が、予測期間中のコアHRソフトウェアの採用を後押しする。コアHRソフトウェアの導入に関するプライバシーとセキュリティの懸念は、コアHRソフトウェア市場の成長にとって重要な課題となっている。
「サービスとしては、コンサルティング分野が予測期間中に高いCAGRを記録すると予測されている。"
コアHRソフトウェア市場におけるコンサルティングサービスは、組織が現代の人事管理の複雑な状況を乗り切るのを支援する上で極めて重要な役割を果たす。これらのサービスは、コアHRソフトウェアソリューションの導入と最適化を通じて、専門家によるガイダンスと戦略的サポートを提供する。この分野のコンサルタントは、人事プロセス、テクノロジートレンド、業界のベストプラクティスを深く理解しています。まず、包括的なニーズ調査を実施し、組織の既存の人事ワークフロー、ペインポイント、目標を綿密に分析します。この理解をもとに、クライアントと密接に協力し、組織の要件に合致する最適なHRソフトウェア・ベンダーを特定・選定します。
「業種別では、BFSI業種が2023年に第2位の市場シェアを占める」。
銀行・金融サービス・保険（BFSI）業界では、人事管理プロセスを合理化・最適化することで、コアHRソフトウェアが重要な役割を担っている。BFSI部門は、複雑な労働力要件、厳格なコンプライアンス規制、効率的な人材管理の必要性で知られている。人事情報システム（HRIS）としても知られるコアHRソフトウェアは、こうした特定のニーズに対応し、組織がより高い効率性と生産性を達成できるよう支援します。コアHRソフトウェアは、シームレスな採用・入社プロセスを促進し、BFSI企業が優秀な人材を獲得し、包括的なバックグラウンドチェックを実施し、採用を迅速化することを可能にします。このシステムは、BFSIのような規制の厳しい業界では極めて重要な、必要な書類やコンプライアンス要件がすべて満たされていることを保証します。
さらに、個人情報、職歴、資格、業績記録などの従業員データを一元管理できるため、人事担当者や管理職は必要なときに重要な情報にアクセスし、データに基づいた意思決定を行いやすくなります。さらに、コアHRソフトウェアは、BFSI企業が業界の規制や労働法に準拠するのに役立ちます。ポリシーを自動的に更新し、資格を追跡し、従業員ライセンスを管理することで、従業員が法的枠組みの中で業務を遂行できるようにします。
地域別では、中東・アフリカ地域が予測期間中に2番目に高いCAGRを記録すると予測されている。
中東・アフリカ地域は、中核的なHRソフトウェア市場において飛躍的な成長を遂げている。この地域は、サウジアラビア王国（KSA）、アラブ首長国連邦（UAE）、中東＆アフリカの残りの部分などの国々で構成されています。中東・アフリカでは、デジタル化への取り組みがますます進んでいる。インターネット普及率の上昇、技術導入の増加、複雑な規制環境、コア人事業務の合理化が、この地域の主な成長促進要因となっている。KSAとUAEはスマートシティ構想を打ち出している。また、GCC諸国は中核人事ソフトウェアに投資している。中東とアフリカは、コアHRソフトウェアサービスを採用する有望な機会を目撃し、アジア太平洋地域の後に成長のための良い見通しを示すことが期待される。
主な参加企業のプロフィールの内訳は以下の通りである：
 企業別：ティアI：38％、ティアII：42％、ティアIII：20
 役職別Cレベルのエグゼクティブ：40％、ディレクタークラス：35％、その他：25
 地域別北米：35％、欧州：40％、アジア太平洋地域：15％、その他の地域：10
注：その他には、セールスマネージャー、マーケティングマネージャー、プロダクトマネージャーが含まれます。
注：その他の地域とは、中東・アフリカ、中南米を指します。
注：ティア1企業の売上高は1億米ドル以上、ティア2企業の売上高は1,000万米ドルから1億米ドル、ティア3企業の売上高は1,000万米ドル未満。
出典二次文献、専門家インタビュー、MarketsandMarkets分析
世界中でコアHRソフトウェアを提供している主要ベンダーには、Workday（米国）、SAP（ドイツ）、ADP（米国）、UKG（米国）、Oracle（米国）、Ceridian（米国）、IBM（米国）、Paycom（米国）、Paylocity（米国）、Cornerstone OnDemand（米国）、Visma（米国）、Access Group（米国）、Paychex（米国）などがある、EmployWise（インド）、HrOne（インド）、greytHR（インド）、PeopleStrong（インド）、Personio（ドイツ）、Sprout Solutions（フィリピン）、Darwinbox（インド）、ServiceNow（米国）、HiBob（米国）、APS Payroll（米国）、BambooHR（米国）、Paycor（米国）、Zoho（インド）、Namely（米国）、Gusto（米国）、Rippling（米国）。
調査対象範囲
この市場調査は、各セグメントにわたる中核的なHRソフトウェア市場を対象としている。コンポーネント、ソフトウェア、サービス、展開タイプ、業種、地域など、さまざまなセグメントにわたる市場規模および市場の成長可能性を推定することを目的としています。また、市場の主要企業の詳細な競合分析、企業プロフィール、製品や事業の提供に関する主な見解、最近の動向、主要な市場戦略などを掲載しています。
このレポートを購入する理由

本レポートは、中核となるHRソフトウェア市場とサブセグメントにおける収益数の最も近い近似値に関する情報を提供し、市場リーダー/新規参入者に役立ちます。本レポートは、ステークホルダーが競合状況を理解し、より深い洞察を得ることで、自社のビジネスをより良い位置づけにし、適切な市場参入戦略を計画するのに役立ちます。また、本レポートは、関係者が市場の脈動を理解し、主要な市場促進要因、阻害要因、課題、機会に関する情報を提供するのに役立ちます。

本レポートは、以下のポイントに関する洞察を提供しています：

- 主な促進要因（雇用法と規制を遵守するためのコンプライアンスとリスク管理の改善ニーズ、アナリティクスとレポート機能によるデータ主導の意思決定、手作業によるミスを減らすためのルーチン人事プロセスの集中化と自動化の需要）、阻害要因（中小企業におけるコア人事ソフトウェアの導入コストの高さ）、機会（人事プロセスを変革するためのAIと自動化の採用拡大、コアHRソフトウェア市場の成長に影響を与える機会（コアHRソフトウェアの採用を後押しするリモートワークモデルの採用、効率性と拡張性を向上させるクラウドベースのHRソフトウェアの急速な採用）、および課題（コアHRソフトウェアの使用頻度が低いユーザー向けのインタラクティブなトレーニング、コアHRソフトウェアの実装をめぐるプライバシーとセキュリティの懸念）。

- 製品開発/イノベーション：コアHRソフトウェア市場における今後の技術、研究開発活動、新製品・新サービスの発売に関する詳細な洞察。
- 市場開発：有利な市場に関する包括的な情報 - 本レポートでは、さまざまな地域のコアHRソフトウェア市場を分析しています。

- 市場の多様化：コアHRソフトウェア市場における新製品＆サービス、未開拓の地域、最近の開発、投資に関する詳細な情報を提供します。

- 競合評価：コアHRソフトウェア市場におけるWorkday（米国）、SAP（ドイツ）、ADP（米国）、UKG（米国）、Oracle（米国）、Ceridian（米国）、IBM（米国）、Paycom（米国）、Paylocity（米国）、Cornerstone OnDemand（米国）などの主要企業の市場シェア、成長戦略、サービス内容を詳細に評価。

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1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION 34
1.2.1 INCLUSIONS AND EXCLUSIONS 35
1.3 MARKET SCOPE 35
1.3.1 MARKET SEGMENTATION 36
1.3.2 REGIONS COVERED 37
1.3.3 YEARS CONSIDERED 37
1.4 CURRENCY CONSIDERED 38
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2015–2022 38
1.5 STAKEHOLDERS 38
1.6 SUMMARY OF CHANGES 38
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 1 CORE HR SOFTWARE MARKET: RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 41
2.1.2 PRIMARY DATA 41
2.1.2.1 Breakup of primary profiles 42
FIGURE 2 BREAKUP OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 42
2.1.2.2 Key industry insights 42
2.2 MARKET BREAKUP AND DATA TRIANGULATION 43
FIGURE 3 DATA TRIANGULATION 43
2.3 MARKET SIZE ESTIMATION 44
FIGURE 4 CORE HR SOFTWARE MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): REVENUE OF CORE HR SOFTWARE FROM VENDORS 45
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE): COLLECTIVE REVENUE OF CORE HR SOFTWARE VENDORS 46
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY – (DEMAND SIDE) 47
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY – (SUPPLY SIDE): CAGR PROJECTIONS FROM SUPPLY SIDE 47
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (DEMAND SIDE): REVENUE GENERATED FROM CORE HR SOFTWARE COMPONENT 48
2.4 MARKET FORECAST 48
TABLE 2 FACTOR ANALYSIS 48
2.5 RESEARCH ASSUMPTIONS 49
TABLE 3 RESEARCH ASSUMPTIONS 49
2.6 RESEARCH LIMITATIONS 51
3 EXECUTIVE SUMMARY 52
FIGURE 10 FASTEST-GROWING SEGMENTS IN CORE HR SOFTWARE MARKET, 2023–2028 53
FIGURE 11 SOFTWARE SEGMENT TO BE LARGER MARKET DURING FORECAST PERIOD 54
FIGURE 12 LEARNING MANAGEMENT SEGMENT TO BE LARGEST MARKET DURING FORECAST PERIOD 54
FIGURE 13 IMPLEMENTATION & INTEGRATION SERVICES SEGMENT TO BE LARGEST DURING FORECAST PERIOD 55
FIGURE 14 CLOUD SEGMENT TO BE LARGER DURING FORECAST PERIOD 56
FIGURE 15 GOVERNMENT VERTICAL SEGMENT TO BE LARGEST DURING FORECAST PERIOD 56
FIGURE 16 CORE HR SOFTWARE MARKET REGIONAL SNAPSHOT 57
4 PREMIUM INSIGHTS 59
4.1 OVERVIEW OF CORE HR SOFTWARE MARKET 59
FIGURE 17 ONGOING DIGITAL TRANSFORMATION AND RISE IN ADOPTION OF REMOTE WORKING MODELS TO DRIVE GROWTH OF CORE HR SOFTWARE MARKET 59
4.2 CORE HR SOFTWARE MARKET, BY COMPONENT, 2023 VS. 2028 59
FIGURE 18 SOFTWARE SEGMENT EXPECTED TO BE LARGER DURING FORECAST PERIOD 59
4.3 CORE HR SOFTWARE MARKET, BY SOFTWARE, 2023 VS. 2028 60
FIGURE 19 LEARNING MANAGEMENT SOFTWARE SEGMENT TO BE LARGEST DURING FORECAST PERIOD 60
4.4 CORE HR SOFTWARE MARKET, BY SERVICES, 2023 VS. 2028 60
FIGURE 20 IMPLEMENTATION & INTEGRATION SEGMENT TO BE LARGEST DURING FORECAST PERIOD 60
4.5 CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023 VS. 2028 61
FIGURE 21 CLOUD SEGMENT TO BE LARGER DURING FORECAST PERIOD 61
4.6 CORE HR SOFTWARE MARKET, BY VERTICAL, 2023 VS. 2028 61
FIGURE 22 GOVERNMENT VERTICAL TO BE LARGEST DURING FORECAST PERIOD 61
4.7 CORE HR SOFTWARE MARKET: REGIONAL SCENARIO, 2023–2028 62
FIGURE 23 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN CORE HR SOFTWARE DURING NEXT FIVE YEARS 62
5 MARKET OVERVIEW AND INDUSTRY TRENDS 63
5.1 INTRODUCTION 63
5.2 MARKET DYNAMICS 63
FIGURE 24 MARKET DYNAMICS: CORE HR SOFTWARE MARKET 63
5.2.1 DRIVERS 64
5.2.1.1 Need for improved compliance and risk management to adhere to employment laws and regulations 64
5.2.1.2 Analytics and reporting capabilities enable data-driven decisions 64
FIGURE 25 PROGRESS IN REPORTING AND ANALYTICS CAPABILITIES IN HR 65
5.2.1.3 Demand for centralization and automation of routine HR processes to reduce manual errors 65

5.2.2 RESTRAINTS 65
5.2.2.1 High cost of implementation of core HR software for SMEs 65
FIGURE 26 FACTORS RESTRAINING TECH ADOPTION IN HR 66
5.2.3 OPPORTUNITIES 66
5.2.3.1 Growing adoption of AI and automation for transforming HR processes 66
5.2.3.2 Adoption of remote working models to boost adoption of core HR software 66
FIGURE 27 UTILIZATION OF HR TECHNOLOGY TO BETTER MANAGE REMOTE WORK 67
5.2.3.3 Rapid adoption of cloud-based HR software to improve efficiency and scalability 67
FIGURE 28 HR TECHNOLOGY MODEL, 2020 VS. 2023 68
5.2.4 CHALLENGES 68
5.2.4.1 Interactive training for infrequent users of core HR software 68
5.2.4.2 Privacy and security concerns over implementation of core HR software 68
5.3 CASE STUDY ANALYSIS 69
5.3.1 CASE STUDY 1: REAL-TIME DATA VISIBILITY ENABLED PVR CINEMAS TO OPTIMIZE STAFFING 69
5.3.2 CASE STUDY 2: INDICA LABS CONSOLIDATED AND SECURED EMPLOYEE DATA AND STREAMLINED TIME-CONSUMING HR PROCESSES WITH BAMBOOHR 69
5.3.3 CASE STUDY 3: MOD PIZZA PROVIDED EXCEPTIONAL EMPLOYEE EXPERIENCES WITH SAP SUCCESS FACTOR SOLUTIONS 70
5.3.4 CASE STUDY 4: GANETT LEVERAGED CERIDIAN TO BOOST SCALABILITY, RESILIENCE, AND IMPROVE EMPLOYEE EXPERIENCE 70
5.3.4.1 Case Study 5: Paylocity enabled Crafton Tull to rebuild HR on firmer foundations 71
6 CORE HR SOFTWARE MARKET, BY COMPONENT 72
6.1 INTRODUCTION 73
6.1.1 COMPONENT: CORE HR SOFTWARE MARKET DRIVERS 73
FIGURE 29 CORE HR SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 73
TABLE 4 CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 74
TABLE 5 CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 74
6.2 SOFTWARE 74
6.2.1 DEMAND FOR CENTRALIZING ADMINISTRATIVE TASKS 74
TABLE 6 SOFTWARE: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 74
TABLE 7 SOFTWARE: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 75

6.3 SERVICES 75
6.3.1 OPTIMIZATION OF EFFECTIVENESS OF CORE HR SOFTWARE 75
TABLE 8 SERVICES: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 75
TABLE 9 SERVICES: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 76
7 CORE HR SOFTWARE MARKET, BY SOFTWARE 77
7.1 INTRODUCTION 78
7.1.1 SOFTWARE: CORE HR SOFTWARE MARKET DRIVERS 78
FIGURE 30 LEARNING MANAGEMENT SEGMENT TO BE LARGEST DURING FORECAST PERIOD 78
TABLE 10 CORE HR SOFTWARE MARKET, BY SOFTWARE, 2018–2022 (USD MILLION) 79
TABLE 11 CORE HR SOFTWARE MARKET, BY SOFTWARE, 2023–2028 (USD MILLION) 79
7.2 BENEFITS & CLAIMS MANAGEMENT 79
7.2.1 SEAMLESS DESIGN, CUSTOMIZATION, AND COMMUNICATION OF BENEFITS 79
TABLE 12 BENEFITS & CLAIMS MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 80
TABLE 13 BENEFITS & CLAIMS MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 80
7.3 PAYROLL & COMPENSATION MANAGEMENT 80
7.3.1 STRATEGIC PLANNING, ADMINISTRATION, AND PROCESSING OF COMPENSATION TO DRIVE MARKET 80
TABLE 14 PAYROLL & COMPENSATION MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 81
TABLE 15 PAYROLL & COMPENSATION MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 81
7.4 PERSONNEL MANAGEMENT 81
7.4.1 ENHANCEMENT OF WORKFORCE PRODUCTIVITY, ENGAGEMENT, AND STRATEGIC DECISION-MAKING TO DRIVE MARKET 81
TABLE 16 PERSONNEL MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 82
TABLE 17 PERSONNEL MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 82
7.5 LEARNING MANAGEMENT 82
7.5.1 CREATION, DELIVERY, AND MANAGEMENT OF EMPLOYEE TRAINING AND DEVELOPMENT PROGRAMS TO DRIVE MARKET 82
TABLE 18 LEARNING MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 83
TABLE 19 LEARNING MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 83
7.6 PENSION MANAGEMENT 83
7.6.1 ENABLES ACCOMMODATION OF DIFFERENT RETIREMENT STRUCTURES FOR DIVERSE WORKFORCES, GLOBAL OPERATIONS, CURRENCIES, AND REGULATIONS 83

TABLE 20 PENSION MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 84
TABLE 21 PENSION MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 84
7.7 COMPLIANCE MANAGEMENT 84
7.7.1 COMPLIES WITH LAWS, MITIGATES RISK, AND ENSURES ETHICAL HR PRACTICES 84
TABLE 22 COMPLIANCE MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 85
TABLE 23 COMPLIANCE MANAGEMENT: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 85
7.8 OTHER SOFTWARE 85
7.8.1 NURTURES INTERNAL TALENT FOR BUSINESS CONTINUITY AND GROWTH 85
TABLE 24 OTHER SOFTWARE: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 86
TABLE 25 OTHER SOFTWARE: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 86
8 CORE HR SOFTWARE MARKET, BY SERVICES 87
8.1 INTRODUCTION 88
8.1.1 SERVICES: CORE HR SOFTWARE MARKET DRIVERS 88
FIGURE 31 IMPLEMENTATION & INTEGRATION SEGMENT TO BE LARGEST DURING FORECAST PERIOD 88
TABLE 26 CORE HR SOFTWARE MARKET, BY SERVICES, 2018–2022 (USD MILLION) 89
TABLE 27 CORE HR SOFTWARE MARKET, BY SERVICES, 2023–2028 (USD MILLION) 89
8.2 IMPLEMENTATION & INTEGRATION 89
8.2.1 BETTER VISIBILITY AND CONNECTIVITY TO DRIVE MARKET 89
TABLE 28 IMPLEMENTATION & INTEGRATION: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 89
TABLE 29 IMPLEMENTATION & INTEGRATION: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 90
8.3 SUPPORT & MAINTENANCE 90
8.3.1 OFFER SUPPORT, SOFTWARE MAINTENANCE, CUSTOMER PORTAL, POST-DEPLOYMENT ASSISTANCE, AND CLIENT TESTIMONIAL SERVICES 90
TABLE 30 SUPPORT & MAINTENANCE: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 90
TABLE 31 SUPPORT & MAINTENANCE: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 91
8.4 CONSULTING 91
8.4.1 ASSISTANCE IN NAVIGATING COMPLEX MODERN HUMAN RESOURCE MANAGEMENT LANDSCAPE 91
TABLE 32 CONSULTING: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 91
TABLE 33 CONSULTING: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 92

9 CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE 93
9.1 INTRODUCTION 94
FIGURE 32 CLOUD SEGMENT TO BE LARGER DURING FORECAST PERIOD 94
9.1.1 DEPLOYMENT TYPE: CORE HR SOFTWARE MARKET DRIVERS 94
TABLE 34 CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 95
TABLE 35 CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 95
9.2 CLOUD 95
9.2.1 INCREASING ADOPTION OF CLOUD-BASED SERVICES TO DRIVE GROWTH 95
TABLE 36 CLOUD: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 96
TABLE 37 CLOUD: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 96
9.3 ON-PREMISES 96
9.3.1 UTILIZED IN HEALTHCARE AND BFSI TO MINIMIZE DATA BREACHES 96
TABLE 38 ON-PREMISES: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 97
TABLE 39 ON-PREMISES: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 97
10 CORE HR SOFTWARE MARKET, BY VERTICAL 98
10.1 INTRODUCTION 99
FIGURE 33 GOVERNMENT SEGMENT ESTIMATED TO BE LARGEST IN 2023 99
10.1.1 VERTICAL: CORE HR SOFTWARE MARKET DRIVERS 99
TABLE 40 CORE HR SOFTWARE MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 100
TABLE 41 CORE HR SOFTWARE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 100
10.2 GOVERNMENT 101
10.2.1 TRANSPARENCY, PRODUCTIVITY, AND EMPLOYEE SATISFACTION CONTRIBUTE TO EFFECTIVE AND EFFICIENT DELIVERY OF PUBLIC SERVICES 101
TABLE 42 GOVERNMENT: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 101
TABLE 43 GOVERNMENT: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 101
10.3 MANUFACTURING 102
10.3.1 OPTIMIZES WORKFORCE PLANNING, TRAINING AND SKILL DEVELOPMENT, COMPLIANCE MANAGEMENT, AND PERFORMANCE EVALUATION 102
TABLE 44 MANUFACTURING: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 102
TABLE 45 MANUFACTURING: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 102
10.4 ENERGY & UTILITIES 103
10.4.1 MANAGES AND TRACKS EMPLOYEE CERTIFICATIONS, LICENSES, AND SAFETY TRAINING 103
TABLE 46 ENERGY & UTILITIES: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 103
TABLE 47 ENERGY & UTILITIES: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 103
10.5 CONSUMER GOODS & RETAIL 104
10.5.1 ENABLES EFFECTIVE WORKFORCE MANAGEMENT 104
TABLE 48 CONSUMER GOODS & RETAIL: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 104
TABLE 49 CONSUMER GOODS & RETAIL: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 104
10.6 HEALTHCARE 105
10.6.1 STREAMLINES HR OPERATIONS, ENHANCES PATIENT CARE, AND MAINTAINS COMPLIANCE WITH INDUSTRY REGULATIONS 105
TABLE 50 HEALTHCARE: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 105
TABLE 51 HEALTHCARE: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 105
10.7 TRANSPORTATION & LOGISTICS 106
10.7.1 FACILITATES SCHEDULING, TRACKS EMPLOYEE HOURS, AND MANAGES SHIFT ASSIGNMENTS 106
TABLE 52 TRANSPORTATION & LOGISTICS: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 106
TABLE 53 TRANSPORTATION & LOGISTICS: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 107
10.8 IT & TELECOM 107
10.8.1 OPTIMIZES WORKFORCE DEPLOYMENT, AVOIDS OVERSTAFFING OR UNDERSTAFFING, AND ENSURES EFFICIENT EXECUTION OF PROJECTS 107
TABLE 54 IT & TELECOM: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 107
TABLE 55 IT & TELECOM: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 108
10.9 BFSI 108
10.9.1 ATTRACTS TOP TALENT, CONDUCTS COMPREHENSIVE BACKGROUND CHECKS, AND EXPEDITES HIRING PROCESS 108
TABLE 56 BFSI: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 108
TABLE 57 BFSI: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 109
10.10 OTHER VERTICALS 109
TABLE 58 OTHER VERTICALS: CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 110
TABLE 59 OTHER VERTICALS: CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 110
11 CORE HR SOFTWARE MARKET, BY REGION 111
11.1 INTRODUCTION 112
FIGURE 34 NORTH AMERICA TO BE LARGEST MARKET BY 2028 112
TABLE 60 CORE HR SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 112
TABLE 61 CORE HR SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 113
11.1.1 NORTH AMERICA 113
11.1.2 NORTH AMERICA: CORE HR SOFTWARE MARKET DRIVERS 113
11.1.3 IMPACT OF RECESSION ON NORTH AMERICA 113
FIGURE 35 NORTH AMERICA: CORE HR SOFTWARE MARKET SNAPSHOT 114
TABLE 62 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 114
TABLE 63 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 115
TABLE 64 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY SOFTWARE, 2018–2022 (USD MILLION) 115
TABLE 65 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY SOFTWARE, 2023–2028 (USD MILLION) 115
TABLE 66 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY SERVICES, 2018–2022 (USD MILLION) 116
TABLE 67 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY SERVICES, 2023–2028 (USD MILLION) 116
TABLE 68 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 116
TABLE 69 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 116
TABLE 70 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 117
TABLE 71 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 117
TABLE 72 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 118
TABLE 73 NORTH AMERICA: CORE HR SOFTWARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 118
11.1.4 US 118
11.1.4.1 Myriad labor laws and regulations at federal, state, and local levels to drive market 118
TABLE 74 US: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 119
TABLE 75 US: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 119
TABLE 76 US: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 119
TABLE 77 US: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 119
11.1.5 CANADA 120
11.1.5.1 Compliance with varied and complex regulations to drive market 120
TABLE 78 CANADA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 120
TABLE 79 CANADA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 120
TABLE 80 CANADA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 120
TABLE 81 CANADA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 121

11.2 EUROPE 121
11.2.1 EUROPE: CORE HR SOFTWARE MARKET DRIVERS 121
11.2.2 IMPACT OF RECESSION ON EUROPE 121
TABLE 82 EUROPE: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 122
TABLE 83 EUROPE: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 122
TABLE 84 EUROPE: CORE HR SOFTWARE MARKET, BY SOFTWARE, 2018–2022 (USD MILLION) 122
TABLE 85 EUROPE: CORE HR SOFTWARE MARKET, BY SOFTWARE, 2023–2028 (USD MILLION) 123
TABLE 86 EUROPE: CORE HR SOFTWARE MARKET, BY SERVICES, 2018–2022 (USD MILLION) 123
TABLE 87 EUROPE: CORE HR SOFTWARE MARKET, BY SERVICES, 2023–2028 (USD MILLION) 123
TABLE 88 EUROPE: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 123
TABLE 89 EUROPE: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 124
TABLE 90 EUROPE: CORE HR SOFTWARE MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 124
TABLE 91 EUROPE: CORE HR SOFTWARE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 124
TABLE 92 EUROPE: CORE HR SOFTWARE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 125
TABLE 93 EUROPE: CORE HR SOFTWARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 125
11.2.3 UK 125
11.2.3.1 Growing adoption of cloud and other technologies to drive market 125
TABLE 94 UK: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 126
TABLE 95 UK: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 126
TABLE 96 UK: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 126
TABLE 97 UK: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 126
11.2.4 GERMANY 127
11.2.4.1 Cloud-based solutions to drive market 127
TABLE 98 GERMANY: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 127
TABLE 99 GERMANY: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 127
TABLE 100 GERMANY: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 127
TABLE 101 GERMANY: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 128

11.2.5 FRANCE 128
11.2.5.1 Optimization of HR applications to drive market 128
TABLE 102 FRANCE: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 128
TABLE 103 FRANCE: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 128
TABLE 104 FRANCE: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 129
TABLE 105 FRANCE: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 129
11.2.6 REST OF EUROPE 129
TABLE 106 REST OF EUROPE: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 129
TABLE 107 REST OF EUROPE: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 130
TABLE 108 REST OF EUROPE: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 130
TABLE 109 REST OF EUROPE: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 130
11.3 ASIA PACIFIC 130
11.3.1 ASIA PACIFIC: CORE HR SOFTWARE MARKET DRIVERS 131
11.3.2 IMPACT OF RECESSION ON ASIA PACIFIC 131
FIGURE 36 ASIA PACIFIC: CORE HR SOFTWARE MARKET SNAPSHOT 132
TABLE 110 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 132
TABLE 111 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 133
TABLE 112 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY SOFTWARE, 2018–2022 (USD MILLION) 133
TABLE 113 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY SOFTWARE, 2023–2028 (USD MILLION) 133
TABLE 114 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY SERVICES, 2018–2022 (USD MILLION) 134
TABLE 115 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY SERVICES, 2023–2028 (USD MILLION) 134
TABLE 116 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 134
TABLE 117 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 134
TABLE 118 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 135
TABLE 119 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 135
TABLE 120 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 135
TABLE 121 ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 136

11.3.3 CHINA 136
11.3.3.1 Innovative technologies to drive market 136
TABLE 122 CHINA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 136
TABLE 123 CHINA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 137
TABLE 124 CHINA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 137
TABLE 125 CHINA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 137
11.3.4 JAPAN 137
11.3.4.1 Increased R&D investments and skilled professionals drive market 137
TABLE 126 JAPAN: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 138
TABLE 127 JAPAN: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 138
TABLE 128 JAPAN: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 138
TABLE 129 JAPAN: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 138
11.3.5 REST OF ASIA PACIFIC 139
TABLE 130 REST OF ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 139
TABLE 131 REST OF ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 139
TABLE 132 REST OF ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 139
TABLE 133 REST OF ASIA PACIFIC: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 140
11.4 MIDDLE EAST & AFRICA 140
11.4.1 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET DRIVERS 140
11.4.2 IMPACT OF RECESSION ON MIDDLE EAST & AFRICA 140
TABLE 134 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 141
TABLE 135 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 141
TABLE 136 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY SOFTWARE, 2018–2022 (USD MILLION) 141
TABLE 137 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY SOFTWARE, 2023–2028 (USD MILLION) 142
TABLE 138 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY SERVICES, 2018–2022 (USD MILLION) 142
TABLE 139 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY SERVICES, 2023–2028 (USD MILLION) 142
TABLE 140 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 143
TABLE 141 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 143
TABLE 142 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 143
TABLE 143 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 144
TABLE 144 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 144
TABLE 145 MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 144
11.4.3 KINGDOM OF SAUDI ARABIA 145
11.4.3.1 Workforce optimization to drive market 145
TABLE 146 KSA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 145
TABLE 147 KSA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 145
TABLE 148 KSA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 145
TABLE 149 KSA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 146
11.4.4 UAE 146
11.4.4.1 Adoption of advancements in latest technologies to drive market 146
TABLE 150 UAE: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 146
TABLE 151 UAE: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 146
TABLE 152 UAE: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 147
TABLE 153 UAE: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 147
11.4.5 REST OF MIDDLE EAST & AFRICA 147
TABLE 154 REST OF MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 147
TABLE 155 REST OF MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 148
TABLE 156 REST OF MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 148
TABLE 157 REST OF MIDDLE EAST & AFRICA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 148
11.5 LATIN AMERICA 149
11.5.1 LATIN AMERICA: CORE HR SOFTWARE MARKET DRIVERS 149
11.5.2 IMPACT OF RECESSION ON LATIN AMERICA 149
TABLE 158 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 150
TABLE 159 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 150
TABLE 160 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY SOFTWARE, 2018–2022 (USD MILLION) 150
TABLE 161 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY SOFTWARE, 2023–2028 (USD MILLION) 151
TABLE 162 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY SERVICES, 2018–2022 (USD MILLION) 151
TABLE 163 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY SERVICES, 2023–2028 (USD MILLION) 151
TABLE 164 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 152
TABLE 165 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 152
TABLE 166 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY VERTICAL, 2018–2022 (USD MILLION) 152
TABLE 167 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 153
TABLE 168 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 153
TABLE 169 LATIN AMERICA: CORE HR SOFTWARE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 153
11.5.3 BRAZIL 154
11.5.3.1 Digital transformation across industries to drive market 154
TABLE 170 BRAZIL: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 154
TABLE 171 BRAZIL: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 154
TABLE 172 BRAZIL: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 154
TABLE 173 BRAZIL: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 155
11.5.4 MEXICO 155
11.5.4.1 Scalability and flexibility for businesses to drive market 155
TABLE 174 MEXICO: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 155
TABLE 175 MEXICO: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 155
TABLE 176 MEXICO: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 156
TABLE 177 MEXICO: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 156
11.5.5 REST OF LATIN AMERICA 156
TABLE 178 REST OF LATIN AMERICA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2018–2022 (USD MILLION) 156
TABLE 179 REST OF LATIN AMERICA: CORE HR SOFTWARE MARKET, BY COMPONENT, 2023–2028 (USD MILLION) 157
TABLE 180 REST OF LATIN AMERICA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2018–2022 (USD MILLION) 157
TABLE 181 REST OF LATIN AMERICA: CORE HR SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2023–2028 (USD MILLION) 157

12 COMPETITIVE LANDSCAPE 158
12.1 OVERVIEW 158
12.2 REVENUE ANALYSIS 158
FIGURE 37 HISTORICAL FOUR-YEAR REVENUE ANALYSIS OF LEADING PLAYERS, 2018–2022 (USD BILLION) 158
12.3 MARKET SHARE ANALYSIS 159
FIGURE 38 CORE HR SOFTWARE MARKET SHARE ANALYSIS, 2022 159
TABLE 182 MARKET SHARE OF KEY PLAYERS IN 2022 160
12.4 COMPANY EVALUATION METRIX 160
FIGURE 39 COMPANY EVALUATION QUADRANT: CRITERIA WEIGHTAGE 160
12.4.1 STARS 161
12.4.2 EMERGING LEADERS 161
12.4.3 PERVASIVE PLAYERS 161
12.4.4 PARTICIPANTS 161
FIGURE 40 CORE HR SOFTWARE MARKET, KEY COMPANY EVALUATION MATRIX, 2022 162
FIGURE 41 RANKING OF KEY PLAYERS IN CORE HR SOFTWARE MARKET, 2022 163
12.5 KEY MARKET DEVELOPMENTS 163
12.5.1 PRODUCT LAUNCHES & ENHANCEMENTS 163
TABLE 183 PRODUCT LAUNCHES & ENHANCEMENTS, 2020–2023 163
12.5.2 DEALS 164
TABLE 184 DEALS, 2021–2023 164
13 COMPANY PROFILES 166
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
13.1 INTRODUCTION 166
13.2 KEY PLAYERS 166
13.2.1 WORKDAY 166
TABLE 185 WORKDAY: COMPANY OVERVIEW 166
FIGURE 42 WORKDAY: COMPANY SNAPSHOT 167
TABLE 186 WORKDAY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 167
TABLE 187 WORKDAY: PRODUCT LAUNCHES & ENHANCEMENTS 168
TABLE 188 WORKDAY: DEALS 168
13.2.2 ADP 170
TABLE 189 ADP: COMPANY OVERVIEW 170
FIGURE 43 ADP: COMPANY SNAPSHOT 171
TABLE 190 ADP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 171
TABLE 191 ADP: PRODUCT LAUNCHES & ENHANCEMENTS 172
TABLE 192 ADP: DEALS 173
13.2.3 SAP 175
TABLE 193 SAP: COMPANY OVERVIEW 175
FIGURE 44 SAP: COMPANY SNAPSHOT 176
TABLE 194 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 176
TABLE 195 SAP: PRODUCT LAUNCHES & ENHANCEMENTS 178
TABLE 196 SAP: DEALS 178
13.2.4 UKG 180
TABLE 197 UKG: COMPANY OVERVIEW 180
TABLE 198 UKG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180
TABLE 199 UKG: DEALS 181
13.2.5 ORACLE 183
TABLE 200 ORACLE: COMPANY OVERVIEW 183
FIGURE 45 ORACLE: COMPANY SNAPSHOT 184
TABLE 201 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 184
TABLE 202 ORACLE: PRODUCT LAUNCHES & ENHANCEMENTS 185
TABLE 203 ORACLE: DEALS 185
13.2.6 CERIDIAN 187
TABLE 204 CERIDIAN: COMPANY OVERVIEW 187
FIGURE 46 CERIDIAN: COMPANY SNAPSHOT 188
TABLE 205 CERIDIAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 188
TABLE 206 CERIDIAN: PRODUCT LAUNCHES & ENHANCEMENTS 189
TABLE 207 CERIDIAN: DEALS 189
13.2.7 IBM 190
TABLE 208 IBM: COMPANY OVERVIEW 190
FIGURE 47 IBM: COMPANY SNAPSHOT 191
TABLE 209 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 191
13.2.8 PAYCOM 193
TABLE 210 PAYCOM: COMPANY OVERVIEW 193
FIGURE 48 PAYCOM: COMPANY SNAPSHOT 193
TABLE 211 PAYCOM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194
TABLE 212 PAYCOM: PRODUCT LAUNCHES & ENHANCEMENTS 194
13.2.9 PAYLOCITY 196
TABLE 213 PAYLOCITY: COMPANY OVERVIEW 196
FIGURE 49 PAYLOCITY: COMPANY SNAPSHOT 196
TABLE 214 PAYLOCITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197
TABLE 215 PAYLOCITY: DEALS 197
13.2.10 CORNERSTONE ONDEMAND 199
TABLE 216 CORNERSTONE ONDEMAND: COMPANY OVERVIEW 199
TABLE 217 CORNERSTONE ONDEMAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED 199
TABLE 218 CORNERSTONE ONDEMAND: PRODUCT LAUNCHES & ENHANCEMENTS 200
TABLE 219 CORNERSTONE ONDEMAND: DEALS 200
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies

13.3 OTHER PLAYERS 201
13.3.1 VISMA 201
13.3.2 ACCESS GROUP 202
13.3.3 PAYCHEX 203
13.3.4 EMPLOYWISE 203
13.3.5 HRONE 204
13.3.6 GREYTHR 205
13.3.7 PEOPLESTRONG 205
13.3.8 PERSONIO 206
13.3.9 SPROUT SOLUTIONS 207
13.3.10 DARWINBOX 208
13.3.11 SERVICENOW 209
13.3.12 HIBOB 209
13.3.13 APS PAYROLL 210
13.3.14 BAMBOOHR 211
13.3.15 PAYCOR 212
13.3.16 ZOHO 213
13.3.17 NAMELY 213
13.3.18 GUSTO 214
13.3.19 RIPPLING 215

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Table of Contents

Summary

The core HR software market size is expected to grow from USD 10.7 billion in 2023 to USD 15.1 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. The growing adoption of AI and automation for transforming HR processes and the adoption of remote working models boost the adoption of core HR software during the forecast period. Privacy and security concerns over the implementation of core HR software represent a significant challenge for the growth of the core HR software market.
“As services, the consulting segment is projected to witness a higher CAGR during the forecast period. “
Consulting services in the core HR software market play a pivotal role in assisting organizations to navigate the complex landscape of modern human resource management. These services provide expert guidance and strategic support throughout adopting and optimizing core HR software solutions. Consultants in this field deeply understand HR processes, technology trends, and industry best practices. They begin by conducting comprehensive needs assessments, meticulously analyzing an organization’s existing HR workflows, pain points, and objectives. With this understanding, they collaborate closely with the client to identify and select the most suitable HR software vendors that align with the organization’s requirements.
“As per vertical, the BFSI vertical to hold second largest market share in 2023.“
Core HR software is crucial in the Banking, Financial Services, and Insurance (BFSI) industry by streamlining and optimizing human resources management processes. The BFSI sector is known for its complex workforce requirements, rigorous compliance regulations, and the need for efficient talent management. Core HR software, also known as Human Resource Information System (HRIS), caters to these specific needs and helps organizations achieve greater efficiency and productivity. Core HR software facilitates seamless recruitment and onboarding processes, enabling BFSI companies to attract top talent, conduct comprehensive background checks, and expedite hiring. The system ensures all necessary documentation and compliance requirements are met, which is crucial in a highly regulated industry like BFSI.
Moreover, it provides a centralized repository for employee data, including personal information, employment history, certifications, and performance records, making it easier for HR professionals and managers to access critical information when needed and make data-driven decisions. Furthermore, core HR software helps BFSI companies comply with industry regulations and labor laws. It can automatically update policies, track certifications, and manage employee licenses, ensuring the workforce operates within the legal framework.
As per region, the Middle East & Africa region is projected to witness the second highest CAGR during the forecast period.
Middle East & Africa have grown exponentially in the core HR software market. The region comprises countries such as the Kingdom of Saudi Arabia (KSA), the United Arab Emirates (UAE), and the Rest of the Middle East & Africa. Middle East & Africa are increasingly getting oriented toward digitalization initiatives. Increasing internet penetration, rising technological adoption, a complex regulatory environment, and streamlined core HR operations are the major growth drivers for this region. The KSA and UAE are setting up smart city initiatives. Also, GCC countries are investing in core HR software. The Middle East and & Africa are expected to witness promising opportunities to adopt core HR software services and show good prospects for growth after the Asia Pacific region.
The breakup of the profiles of the primary participants is given below:
 By Company: Tier I: 38%, Tier II: 42%, and Tier III: 20%
 By Designation: C-Level Executives: 40%, Director Level: 35%, and Others: 25%
 By Region: North America: 35%, Europe: 40%, Asia Pacific: 15%, and the Rest of the World: 10%
Note: Others include sales managers, marketing managers, and product managers
Note: The rest of the World consists of the Middle East & Africa, and Latin America
Note: Tier 1 companies have revenues of more than USD 100 million; tier 2 companies’ revenue ranges from USD 10 million to USD 100 million; and tier 3 companies’ revenue is less than 10 million
Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
Some of the key vendors offering core HR software across the globe include Workday (US), SAP (Germany), ADP (US), UKG (US), Oracle (US), Ceridian (US), IBM (US), Paycom (US), Paylocity (US), and Cornerstone OnDemand (US), Visma (US), Access Group (US), Paychex(US), EmployWise (India), HrOne (India), greytHR(India), PeopleStrong (India), Personio (Germany), Sprout Solutions (Philippines), Darwinbox (India), ServiceNow (US), HiBob (US), APS Payroll (US), BambooHR(US), Paycor (US), Zoho (India), Namely (US), Gusto (US), and Rippling (US).
Research coverage:
The market study covers the core HR software market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as components, software, services, deployment type, vertical, and region. It includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Reasons to buy this report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the core HR software market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

• Analysis of key drivers (need for improved compliance and risk management to adhere to employment laws and regulations, analytics and reporting capabilities enable data driven-decisions, demand for centralization and automation of routine HR processes to reduce manual errors), restraints (high cost of implementation of core HR software among SMEs) opportunities (growing adoption of AI and automation for transforming HR processes, adoption of remote working models to boost adoption of core HR software, rapid adoption of cloud-based HR software to improve efficiency and scalability), and challenges (interactive training for infrequent users of core HR software, privacy and security concerns over implementation of core HR software) influencing the growth of the core HR software market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the core HR software market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the core HR software market across varied regions.

• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the core HR software market.

• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Workday (US), SAP (Germany), ADP (US), UKG (US), Oracle (US), Ceridian (US), IBM (US), Paycom (US), Paylocity (US), and Cornerstone OnDemand (US) among others in the core HR software market.

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営業パフォーマンス管理市場：コンポーネント（ソリューション（インセンティブ報酬管理、テリトリー管理）、サービス）、組織規模、展開形態、業種（BFSI、通信、製造）、地域別 - 2028年までの世界予測

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コア人事ソフトウェア市場：コンポーネント別（ソフトウェア（学習管理、給与・報酬管理、福利厚生・請求管理）、サービス）、展開タイプ別、業種別（政府機関、BFSI、製造業）、地域別 - 2028年までの世界予測

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ご注文は、お電話またはWEBから承ります。お見積もりの作成もお気軽にご相談ください。

本レポートと同分野（通信・IT）の最新刊レポート

MarketsandMarkets社のTelecom & IT分野での最新刊レポート

本レポートと同じKEY WORD（compensation management）の最新刊レポート

よくあるご質問

MarketsandMarkets社はどのような調査会社ですか?

調査レポートの納品までの日数はどの程度ですか?

注文の手続きはどのようになっていますか?

お支払方法の方法はどのようになっていますか?

データリソース社はどのような会社ですか?