The global HR management software services market is anticipated to grow at a significant CAGR of 10.3% during the forecast period. The market growth is attributed to factors such as increasing use of AI/ML and data analytics, companies adopting the work-from-home culture, digital transformation in HR processes, global workforce management, changing compliance and regulations, improving software user experience, and increasing focus automation and efficiency.
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- In February 2023, ADP announced sponsorships with the Advocates Pro Golf Association (APGA) and US Paralympian Noelle Lambert. Under this sponsorship, ADP will be the official HR and payroll provider of the APGA Tour and Foundation.
- In October 2022, Cornerstone OnDemand Inc. launched a talent experience platform (TXP). This platform allows business leaders to make decisions based on data analytics, improve user experience, and add features for talent management.
- In August 2023, Google introduced the Workday app for the communication services named ‘Google Chat’. This app will allow users to perform quick actions on a Workday such as requesting time off, filling expense reports, and looking up colleagues’ information in the workspace.
- In July 2023, Digital HR management system provider Zelt raised $3.42 million to scale its marketing internationally. The funding round was co-led by Episode 1 Ventures Village Global and angel investors. This development will help the company to expand outside the domestic market.
- In April 2023, General Dynamics’s information technology secured a two-year non-competitive contract of $95.5 million to continue operating and maintaining the U.S. Navy’s online personnel management platform. Along with this development, the company will also keep integrating the Navy Standard Integrated Personnel System with the Navy Personnel and Pay platform via the cost and cost-plus-fixed-fee award.
Global Human Resource Management Software Services Market Report Segment
By Deployment
- Cloud-based
- On-Premises
By Organization Size
- Small-Enterprise
- Medium-Enterprise
- Large-Enterprise
By Functionality
- Talent Management
- Payroll and core HR
- HR analytics and workforce management
- Performance management
By End-users
- Healthcare
- Manufacturing
- Finance
- Retail
- Government
- Education
- Construction
- Others (Non-Profit, Technology)
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Company Profiles
- UKG Inc.
- Bamboo HR LLC.
- Zenefits FTW Insurance Services, Inc.
- Namely, Inc.
- Paycom Software, Inc.
- Ceridian HCM Holding, Inc.
- ZenPayroll, Inc.
- Bullhorn, Inc.
- iCIMS, Inc.
- Infor Inc.
- Sage Group plc
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