North America Human Resource Management Software Market Key Players and Opportunities by 2027

North America human resource management software market is expected to grow from US$ 6.04 Bn in 2018 to US$ 9.64 Bn by the year 2027. This represents a CAGR of 5.4% from the year 2018 to 2027.

Human resource management is a broad term that consists of all the activities executed to achieve business goals, including boosting sales, building business relationships, client support, business operations, training, etc. The human resource management software market is a highly fragmented and competitive one. As major companies in this market continue to strengthen their positions by enhancing product portfolio, diversifying client base, and exploring new applications of their offerings, all the prominent players face an increasing level of competition, both from start-ups as well as the leading global technology and industrial companies in the world. Major human resource management software companies are based in North America, mainly in the US.

Human resources management software keeps track of all employees and information related to them, and the tracking is usually done in a vast database. The software solutions are implemented to streamline human resource functions, which include core HR, recruiting, talent management, workforce planning, and analytics. Human resource management solutions are increasingly implemented in educational institutes, BFSI, government, healthcare, IT and telecom, manufacturing, retail, and others.

Currently, the US is dominating the human resource management software market in terms of adoption, which in turn boost the demand for the social resource management software market. The US is a technologically developed country; hence, the adoption of advanced technologies is high across various sectors of the country. The US has the presence of a diverse range of industries and is the world’s leading high-tech innovators, which further drives the adoption of human resource management software in the country. Being a technologically advanced country, the US attracts a large number of companies from different sectors to set up their headquarters in the country. Moreover, the US government is focusing strongly on increasing labor productivity as well as efficiency with the help of HRM solutions for attendance, payroll, time, and talent management activities in the organizations which further boost the human resource management software market in the country. The figure given below highlights the revenue share of Mexico in the North America human resource management software market in the forecast period:

Mexico in North America Human Resource Management Software Market Revenue and Forecasts to 2027 (US$ Mn)

NORTH AMERICA HUMAN RESOURCE MANAGEMENT SOFTWARE MARKET - SEGMENTATION

North America Human Resource Management Software Market – By Component

• Solution
  • Core HR
  • Recruiting and Talent Management
  • Workforce Planning and Analytics
  • Others
• Services
  • Professional Services
    • Integration and Deployment
    • Support and Maintenance
    • Training and Consulting
    • Managed Services

North America Human Resource Management Software Market – By Enterprise Size

• SMEs
• Large Enterprises

North America Human Resource Management Software Market – By End-User

• IT and Telecom
• BFSI
• Healthcare
• Manufacturing
• Retail
• Government
• Educational Institutes
• Others

North America Human Resource Management Software Market – By Country

• US
• Canada
• Mexico

North America Human resource management software Companies Mentioned

• Accenture PLC
• Automatic Data Processing, Inc.
• Ceridian HCM Holding Inc.
• IBM Corporation
• Kronos Incorporated
• Oracle Corporation
• Paycom Software, Inc.
• SAP SE
• Ultimate Software Group Inc.
• Workday, Inc.

North America Human Resource Management Software Report Scope