Market Forecasts and Industry Analysis Human Resource Management Market Key Insights to 2 | Page 2

HRM solution providers are focusing on developing software/solutions that easily integrate
with mobile apps, thereby enabling employees and employers to access information pertaining to time
and attendance, leaves, and performance status from their personal devices.These features increase
transparency across organizational departments and provide flexibility to managers to access data
anytime and anywhere across the globe.
Increased cloud deployment across all industries is expected to accelerate the demand for HRM
solutions over the forecast period. Use of cloud technology enables various Small & Medium
Enterprises (SMEs) to adopt modern HRM solutions at reasonable prices without the need to
constantly upgrade or replace systems.
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Further key findings from the report suggest:
• The global human resource management market is expected to register a CAGR of 10.4% over the
forecast period, owing to significant demand for automation of HR processes and need to streamline
business processes
• Core HR software is projected to expand at a CAGR of 9.4% from 2017 to 2025, owing to extensive
application in managing employees across the globe
• The talent management software segment is anticipated to grow at the fastest pace and register a
CAGR of 13.0% over the forecast period, owing to features such as attracting, recruiting, and retaining
human assets in an organization
• Post the implementation of HRM software, organizations require support and maintenance services
from vendors. This is expected to increase the demand for support and maintenance services,
enabling it to register a 13.7% CAGR over the forecast period
• Demand for hosted deployment is expected to increase over the forecast period owing to easy
integration with other systems, ease of use, and reduced costs. The segment is anticipated to reach
USD 13.8 billion by 2025
• Demand in Asia Pacific is anticipated to grow at a significant rate and the market will reach a value
of USD 6.5 billion by 2025, owing to rapid industrialization and digitization initiatives taken by
various governments
• Major players operating in the HRM market include SAP SE; ADP, LLC; IBM Corporation; Oracle
Corporation; Workday, Inc.; and Ultimate Software.
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