Product Code: GVR-2-68038-295-2
Human Resource Management Market Growth & Trends:
The global human resource management market size is estimated to reach USD 60.52 billion by 2030, registering to grow at a CAGR of 14.4% from 2025 to 2030 according to a new report by Grand View Research, Inc. The trend of digitization in Human Resource Management (HRM) for increased efficiency and integration of technologies for analytics, mobile application, and cloud-based deployment is expected to drive the growth of the market. The trend of full-time remote work post pandemic is anticipated to drive the market demand. Moreover, as enterprises are expanding, it is anticipated that they will use HRM for efficient tracking and monitoring of human resources to reduce loss of time on idleness and increase productivity.
Furthermore, most of the buyers of HRM solutions include small & medium enterprises opting for HRM solutions due to the trend of switching from conventional HR activities to software based to aid in strategic decision-making processes. The popularity of HRM solutions is growing as organizations are emphasizing on talent acquisition and workforce planning to address the challenges associated with retaining human capital. Subsequently, large enterprises are exploring for a single solution for all their HR functionalities to integrate all departments and have a centralized control and monitoring function. For instance, in March 2023, Workday, Inc. announced its partnership with EZCORP, a U.S. based key supplier of pawn transactions having operations across the U.S., Canada, and Latin America. In this partnership, EZCORP aims to Automate its financial processes using the Workday Financial Management tool, use the Workday Adaptive Planning solution to make informed and data-driven decisions and leverage the Workday Human Capital Management tool to enhance employee experience.
Additionally, advances in the field of AI, ML, and predictive analytics have resulted in the integration of HRM solutions with analytics. Startups are developing mobile applications and collaboration software that can provide employers and employees the flexibility required to access the information on the go. On the other hand, the use of predictive analytics is expected to increase demand for HRM software as it helps in deriving inferences regarding continuous employee progress through various charts and infographics.
Human Resource Management Market Report Highlights:
- Based on component, the software segment led the market with the largest revenue share of 67.3% and is projected to grow at a significant CAGR during the forecast period.
- Based on the deployment, the on-premise segment accounted for the largest revenue share in 2024.
- Based on end use, the IT & telecom segment accounted for the largest revenue share in 2024 and is expected to grow at the fastest CAGR during the forecast period.
- Based on enterprise size, the large enterprise segment accounted for the largest market revenue share in 2024.
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. 1.4 Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Human Resource Management Market Snapshot
- 2.2. Human Resource Management Market- Segment Snapshot (1/2)
- 2.3. Human Resource Management Market- Segment Snapshot (2/2)
- 2.4. Human Resource Management Market- Competitive Landscape Snapshot
Chapter 3. Human Resource Management Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 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. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's five forces analysis
- 3.4.2. Macroeconomic analysis
Chapter 4. Human Resource Management Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Human Resource Management Market: Component Movement Analysis, USD Million, 2024 & 2030
- 4.3. Software
- 4.3.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Core HR
- 4.3.2.1. Core HR Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Employee Collaboration & Engagement
- 4.3.3.1. Employee Collaboration & Engagement Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Recruiting
- 4.3.4.1. Recruiting Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Talent Management
- 4.3.5.1. Talent Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.6. Workforce Planning & Analytics
- 4.3.6.1. Workforce Planning & Analytics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.7. Others
- 4.3.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Service
- 4.4.1. Service Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Integration & Deployment
- 4.4.2.1. Integration & Deployment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Integration & Deployment
- 4.4.3.1. Integration & Deployment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Training & Consulting
- 4.4.4.1. Training & Consulting Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Human Resource Management Market: Deployment Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Human Resource Management Market: Deployment Movement Analysis, USD Million, 2024 & 2030
- 5.3. Hosted
- 5.3.1. Hosted Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. On-Premise
- 5.4.1. On-Premise Advertising Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Human Resource Management Market: Enterprise Size Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Human Resource Management Market: Enterprise Size Movement Analysis, USD Million, 2024 & 2030
- 6.3. Large Enterprise
- 6.3.1. Large Enterprise Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Small and Medium Enterprise
- 6.4.1. Small and Medium Enterprise Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Human Resource Management Market: End-use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Human Resource Management Market: End-use Movement Analysis, USD Million, 2024 & 2030
- 7.3. Academia
- 7.3.1. Academia Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. BFSI
- 7.4.1. BFSI Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Government
- 7.5.1. Government Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Healthcare
- 7.6.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. IT & Telecom
- 7.7.1. IT & Telecom Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8. Manufacturing
- 7.8.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9. Retail
- 7.9.1. Retail Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.10. Others
- 7.10.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Regional Estimates & Trend Analysis
- 8.1. Human Resource Management Market, by Region, 2024 & 2030
- 8.2. North America
- 8.2.1. North America Human Resource Management Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Human Resource Management Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Human Resource Management 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. Partnerships
- 9.8.2. New Product Launches
- 9.8.3. Merger & Acquisition
- 9.8.4. Expansion
- 9.9. Company Profiles
- 9.9.1. Accenture
- 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. ADP, Inc.
- 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. Cegid
- 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. Ceridian HCM Holding, 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. Cezanne HR
- 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. IBM
- 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. Mercer LLC
- 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. Oracle
- 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. PwC
- 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. SAP SE
- 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
- 9.9.11. UKG, Inc.
- 9.9.11.1. Participant's Overview
- 9.9.11.2. Financial Performance
- 9.9.11.3. Product Benchmarking
- 9.9.11.4. Recent Developments
- 9.9.12. Workday, Inc.
- 9.9.12.1. Participant's Overview
- 9.9.12.2. Financial Performance
- 9.9.12.3. Product Benchmarking
- 9.9.12.4. Recent Developments