Business Description
Global Human Resource Professional Services Market was valued US$ 2.99 Bn in 2017 and is expected to reach US$ 7.86 Bn by 2026, at a CAGR of 12.84 % during a forecast period. The human resource professional services market is segmented into type, deployment, enterprise size, end-user, and region. In terms of type, human resource professional services market is segmented into core human resource, employee collaboration & engagement, recruiting, talent management, workforce planning & analytics, and others. Based on the deployment segment, human resource professional services market is classified into hosted, and on-premise. Further enterprise size, human resource professional services market is divided into large enterprises and small & medium enterprises. In terms of end-user, human resource professional services market is classified into academia, BFSI, government, healthcare, IT & telecom, manufacturing, retail, and others. Based on regions, the global human resource professional services market is divided into five main regions are North America, Europe, Asia-pacific, Latin America and Middle East & Africa. Global Human Resource Professional Services Market Increasing demand for flexibility in accessing data pertaining to leaves, attendance, work schedule, and training modules is expected to boost global human resource professional services market growth. Owing to the lack of expertise in advanced technologies, while implementing the latest solutions and offerings, are expected to hinder the global human resource professional services market growth. The opportunities of the global human resource professional services market are leading market players are constantly engaged in updating and modifying their services to maintain competitiveness On-premise deployment is expected to remain the most widely adopted method of deploying human resource professional services. On-premise deployment method allows large-scale customization of products and services while increasing flexibility. Furthermore, on-premise helps in improving cost efficiency in terms of total cost of ownership and setting up a control center in an organization for coordinating and managing various tasks of human resource management. Small and medium enterprises are anticipated to emerge as the fastest-growing segment during the forecast period. The number of small and medium enterprises operating in developing economies such as China, India, and Japan is increasing at a rapid pace and are increasingly implementing robust solutions to optimize their business capabilities. North America dominated the global market in terms of revenue. The growth of North America is attributed to the concentration of multiple providers of human resource professional services and solutions. Increasing complexities of business operations due to the increasing workforce are encouraging companies to automate basic human resource operations. key market players of the global human resource professional services market are ADP, Inc., Oracle Corporation, SAP SE, Ultimate Software, Workday, Inc., IBM Corporation, Kronos, Inc., Skillsoft, and Cornerstone On Demand, Inc.
Scope of Global Human Resource Professional Services Market:
Global Human Resource Professional Services Market, by Type:
• Core HR • Employee Collaboration & Engagement • Recruiting • Talent Management • Workforce Planning & Analytics • Others
Global Human Resource Professional Services Market, by Deployment:
• Hosted • On-premise
Global Human Resource Professional Services Market, by Enterprise Size:
• Large Enterprises • Small & Medium Enterprises
Global Human Resource Professional Services Market, by End-user:
• Academia • BFSI • Government • Healthcare • IT & Telecom • Manufacturing • Retail • Others
Global Human Resource Professional Services Market, by Region:
• North America • Europe • Middle East & Africa • Asia Pacific • Latin America
Key player’s operating in Global Human Resource Professional Services Market:
• ADP, Inc. • Oracle Corporation • SAP SE • Ultimate Software • Workday, Inc. • IBM Corporation • Kronos, Inc. • Skillsoft
. About Company Info –
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors
