Product Code: GVR-4-68040-420-3
HR Software Market Size & Trends:
The global HR software market size was estimated at USD 16.43 billion in 2023 and is expected to grow at a CAGR of 12.2% from 2024 to 2030. The market growth is attributed to the widespread adoption of cloud-based solutions. Companies are increasingly moving away from on-premise systems to cloud-based platforms due to their scalability, flexibility, and cost-effectiveness. These platforms enable organizations to manage HR functions such as payroll, recruitment, and employee performance from any location, providing real-time data access and reducing the need for extensive IT infrastructure, thereby driving market growth.
Artificial intelligence (AI) and machine learning (ML) are transforming HR software by enabling more sophisticated data analytics, automation of repetitive tasks, and predictive insights. AI-driven tools are being used for talent acquisition, where they can screen resumes, analyze job descriptions, and match candidates more effectively. ML algorithms help in identifying trends in employee performance and engagement, allowing HR professionals to make data-driven decisions and personalize the employee experience, thereby fueling market growth.
Furthermore, improving employee experience has become a central focus in HR, driving the demand for software that supports personalized engagement, wellness initiatives, and continuous feedback mechanisms. This trend reflects a broader shift towards recognizing the importance of employee satisfaction and retention, with HR software evolving to offer tools that foster a more engaged and motivated workforce.
The increasing adoption of mobile HR solutions is another key trend, fueled by the rise of remote work and the need for on-the-go access to HR services. Mobile apps that allow employees to manage tasks like leave requests, payroll access, and training participation from their smartphones are becoming essential. This trend highlights the growing importance of mobility and convenience in the HR tech landscape.
Moreover, the trend toward advanced analytics and reporting tools within HR software is gaining momentum. Organizations are leveraging these tools to gain deeper insights into workforce metrics, track performance indicators, and forecast hiring needs. This trend emphasizes the growing importance of strategic, data-driven HR planning, aligning HR functions more closely with broader business objectives.
Global HR Software Market Report Segmentation
This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global HR software market report based on type, organization size, deployment, end-use, and region.
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Core HR
- Employee Collaboration & Engagement
- Recruiting
- Talent Management
- Workforce Planning & Analytics
- Others
- Organization Size Outlook (Revenue, USD Million, 2018 - 2030)
- Large Enterprises
- Small and Medium Enterprises
- Deployment Outlook (Revenue, USD Million, 2018 - 2030)
- Hosted
- On-premise
- End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Academia
- BFSI
- Government
- Healthcare
- IT & Telecom
- Manufacturing
- Retail
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Middle East and Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 4 Research Scope and Assumptions
- 1.4.1. List to Data Sources
Chapter 2. Executive Summary
- 2.1. HR Software Market Snapshot
- 2.2. HR Software Market - Segment Snapshot (1/2)
- 2.3. HR Software Market - Segment Snapshot (2/2)
- 2.4. HR Software Market - Competitive Landscape Snapshot
Chapter 3. HR Software Market - Industry Outlook
- 3.1. Market Overview
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
- 3.5. HR Software Market - Technology Trends
Chapter 4. HR Software Market: Type Estimates & Trend Analysis
- 4.1. Type Movement Analysis & Market Share, 2023 & 2030
- 4.2. HR Software Market Estimates & Forecast, By Type (USD Million)
- 4.2.1. Core HR
- 4.2.2. Employee Collaboration & Engagement
- 4.2.3. Recruiting
- 4.2.4. Talent Management
- 4.2.5. Workforce Planning & Analytics
- 4.2.6. Others
Chapter 5. HR Software Market: Organization Size Estimates & Trend Analysis
- 5.1. Organization Size Movement Analysis & Market Share, 2023 & 2030
- 5.2. HR Software Market Estimates & Forecast, By Operation Mode (USD Million)
- 5.2.1. Large Enterprises
- 5.2.2. Small and Medium Enterprises
Chapter 6. HR Software Market: Deployment Estimates & Trend Analysis
- 6.1. Deployment Movement Analysis & Market Share, 2023 & 2030
- 6.2. HR Software Market Estimates & Forecast, By Range (USD Million)
- 6.2.1. Hosted
- 6.2.2. On-premise
Chapter 7. HR Software Market: End Use Estimates & Trend Analysis
- 7.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 7.2. HR Software Market Estimates & Forecast, By Application (USD Million)
- 7.2.1. Academia
- 7.2.2. BFSI
- 7.2.3. Government
- 7.2.4. Healthcare
- 7.2.5. IT & Telecom
- 7.2.6. Manufacturing
- 7.2.7. Retail
- 7.2.8. Others
Chapter 8. Regional Estimates & Trend Analysis
- 8.1. HR Software Market by Region, 2023 & 2030
- 8.2. North America
- 8.2.1. North America HR Software Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.3. Canada
- 8.2.4. Mexico
- 8.3. Europe
- 8.3.1. Europe HR Software Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. Germany
- 8.3.3. UK
- 8.3.4. France
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific HR Software Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Japan
- 8.4.3. China
- 8.4.4. India
- 8.4.5. South Korea
- 8.4.6. Australia
- 8.5. Latin America
- 8.5.1. Latin America HR Software Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.6. Middle East & Africa (MEA)
- 8.6.1. MEA HR Software Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Saudi Arabia
- 8.6.3. UAE
- 8.6.4. South Africa
Chapter 9. HR Software Market - Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Performance
- 9.5. Product Benchmarking
- 9.6. Company Market Positioning
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.8.1. Expansion/Divestiture
- 9.8.2. Collaborations/Partnerships
- 9.8.3. New Product Launches
- 9.8.4. Research & Development
- 9.9. Company Profiles
- 9.9.1. Accenture plc
- 9.9.1.1. Participant's Overview
- 9.9.1.2. Financial Performance
- 9.9.1.3. Product Benchmarking
- 9.9.1.4. Recent Developments
- 9.9.2. Cezanne HR Limited
- 9.9.2.1. Participant's Overview
- 9.9.2.2. Financial Performance
- 9.9.2.3. Product Benchmarking
- 9.9.2.4. Recent Developments
- 9.9.3. IBM Corporation
- 9.9.3.1. Participant's Overview
- 9.9.3.2. Financial Performance
- 9.9.3.3. Product Benchmarking
- 9.9.3.4. Recent Developments
- 9.9.4. NetSuite, Inc.
- 9.9.4.1. Participant's Overview
- 9.9.4.2. Financial Performance
- 9.9.4.3. Product Benchmarking
- 9.9.4.4. Recent Developments
- 9.9.5. Zellis Group
- 9.9.5.1. Participant's Overview
- 9.9.5.2. Financial Performance
- 9.9.5.3. Product Benchmarking
- 9.9.5.4. Recent Developments
- 9.9.6. PwC
- 9.9.6.1. Participant's Overview
- 9.9.6.2. Financial Performance
- 9.9.6.3. Product Benchmarking
- 9.9.6.4. Recent Developments
- 9.9.7. SAP SE
- 9.9.7.1. Participant's Overview
- 9.9.7.2. Financial Performance
- 9.9.7.3. Product Benchmarking
- 9.9.7.4. Recent Developments
- 9.9.8. Talentsoft
- 9.9.8.1. Participant's Overview
- 9.9.8.2. Financial Performance
- 9.9.8.3. Product Benchmarking
- 9.9.8.4. Recent Developments
- 9.9.9. UKG, Inc.
- 9.9.9.1. Participant's Overview
- 9.9.9.2. Financial Performance
- 9.9.9.3. Product Benchmarking
- 9.9.9.4. Recent Developments
- 9.9.10. Workday Inc.
- 9.9.10.1. Participant's Overview
- 9.9.10.2. Financial Performance
- 9.9.10.3. Product Benchmarking
- 9.9.10.4. Recent Developments