Dublin, October 31, 2023 – The “Human Resource Management (HRM) – Global Strategic Business Report” has been introduced as part of ResearchAndMarkets.com’s portfolio.
The global Human Resource Management (HRM) market is currently experiencing significant expansion, having achieved an estimated value of $29.1 billion in 2022. Projections suggest that this market is on track to reach an impressive $62.6 billion by 2030, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 10.1% from 2022 to 2030. This report delves into the vital segments within the HRM market, with Core HR expected to maintain an 8.1% CAGR, culminating in a value of $18.1 billion by the end of the analytical period. In light of the ongoing post-pandemic recovery, growth in the Workforce Planning & Analytics segment has been recalibrated to an adjusted 10.7% CAGR for the next eight years.
US Market Valued at $7.9 Billion, China’s Growth Soaring at 14.6% CAGR
The HRM market in the United States boasted a significant value of $7.9 billion in 2022. Meanwhile, China, as the world’s second-largest economy, is anticipated to achieve a projected market size of $14.5 billion by 2030. This remarkable growth is supported by an astonishing CAGR of 14.6% from 2022 to 2030. Other notable geographical 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 predicted to experience growth at an approximate 6.7% CAGR.
Prominent Competitors Leading the Way
The HRM market is characterized by fierce competition, with 21 key competitors prominently featured in this industry. Some of the noteworthy 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
- Ultimate Software
- Workday, Inc.
These leading companies are spearheading innovation and market development, striving to meet the evolving needs of the industry.
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Latest Insights and Offerings in the Market
In addition to market statistics and competitor analysis, this report offers valuable insights and offerings, including coverage of the Russia-Ukraine war, global inflation, the easing of China’s zero-COVID policy, supply chain disruptions, global trade tensions, and the risk of recession. It also provides an analysis of global competitiveness and key competitor percentage market shares, market presence across various geographies, online interactive peer-to-peer collaborative bespoke updates, access to digital archives, and a Research Platform. Furthermore, complimentary updates are available for one year.
- Number 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
For more information about this report, visit ResearchAndMarkets.com.
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