Dublin, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The "Human Resource Management (HRM) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Human Resource Management (HRM) is undergoing remarkable growth, having reached an estimated value of $29.1 billion in 2022. Projections indicate that this market is poised to reach a substantial $62.6 billion by 2030, representing an impressive CAGR of 10.1% over the period from 2022 to 2030. This report identifies key segments within the HRM market, with Core HR expected to achieve an 8.1% CAGR, reaching a value of $18.1 billion by the end of the analysis period. With the ongoing post-pandemic recovery in mind, growth in the Workforce Planning & Analytics segment has been readjusted to a revised 10.7% CAGR for the next eight years.
U.S. Market Valued at $7.9 Billion, China's Growth at 14.6% CAGR
In 2022, the HRM market in the United States boasted a significant value of $7.9 billion. Meanwhile, China, as the world's second-largest economy, is expected to achieve a projected market size of $14.5 billion by 2030. This growth is underpinned by an astonishing CAGR of 14.6% from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each expected to grow at rates of 5.2% and 8.2%, respectively, during the 2022-2030 period. In Europe, Germany is projected to experience growth at an approximate 6.7% CAGR.
Prominent Competitors Shaping the Landscape
The HRM market is marked by intense competition, with 21 key competitors featured in this industry. Some of the notable players in this sector include:
- Accenture PLC
- Automatic Data Processing (ADP), Inc.
- Ceridian HCM, Inc.
- Cezanne HR Ltd.
- IBM Corporation
- Kronos, Incorporated
- Mercer LLC
- NetSuite, Inc.
- Oracle Corporation
- PricewaterhouseCoopers (PwC)
- Sap SE
- Talentsoft
- Ultimate Software
- Workday, Inc.
These leading companies are at the forefront of innovation and market development, aiming to meet the evolving needs of the industry.
Latest Insights and Offerings in the Market
In addition to market statistics and competitor analysis, this report provides several valuable insights and offerings:
- Special coverage on the Russia-Ukraine war, global inflation, the easing of the zero-COVID policy in China, and its "bumpy" reopening, supply chain disruptions, global trade tensions, and the risk of recession.
- Global competitiveness and key competitor percentage market shares.
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial.
- Online interactive peer-to-peer collaborative bespoke updates.
- Access to digital archives and a Research Platform.
- Complimentary updates for one year.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 83 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $29.1 Billion |
| Forecasted Market Value (USD) by 2030 | $62.6 Billion |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Human Resource Management (HRM) - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/xnnnvp
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