The North America Human Resource Management Market would witness market growth of 10.1% CAGR during the forecast period (2021-2027).
The management of all the issues regarding the human assets of an organization is termed as human resource management. The HR department carries out various functions like recruitment, compensation, organization development, safety, wellness, performance management, benefits, communication, policy administration, employee motivation, and training.
HRM is shifting from conventional administration, personnel, and transactional roles that are rapidly being outsourced. Nowadays, it is expected that the HRM function would add value to the strategic usage of all the employees and also facilitate the employee programs that are recommended and implemented to positively impact the company.
The HRM department of any organization helps in keeping employers and companies safe from any kind of lawsuits and workplace chaos. These HR employees must do a balancing act to better serve every stakeholder of an organization including executives, customers, managers, employees, owners, and stockholders.
The high adoption rate of this region is one of the major driving factors for any new technology like HRM solutions in this region. Companies in this region are increasingly investing in the implementation of various advanced solutions. There are many nations like the US that are witnessing a surge in the demand for advanced HRM solutions for better human resource management.
The shifting focus of the organizations across this region on deploying HRM solutions for payroll management, talent management, and attendance & time tracking, among other operations, would bolster the regional growth of the human resource management market. Moreover, the presence of key HRM solution providers is anticipated to propel regional growth.
The US market dominated the North America Human Resource Management Workforce Planning & Analytics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $938.3 million by 2027. The Canada market is experiencing a CAGR of 12.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 11.5% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Software market is bifurcated across Core HR, Recruiting, Workforce Planning & Analytics, Talent Management, Employee Collaboration & Engagement and Others. Based on Deployment Type, the market is segmented into On-premise and Hosted. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into IT & Telecom, BFSI, Retail, Healthcare, Manufacturing, Government & Public Sector and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Human Resource Management Market is Estimated to Reach USD 39.5 Billion by 2027 at a CAGR of 11.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, ADP, Inc., Ceridian HCM Holding, Inc., IBM Corporation, Oracle Corporation, Workday, Inc., Marsh McLennan Companies, Inc. (Mercer LLC), Talentsoft (Cegid), UKG, Inc., and SAP SE
Scope of the Study
Market Segments Covered in the Report:
By Component
- Software
- Core HR
- Recruiting
- Workforce Planning & Analytics
- Talent Management
- Employee Collaboration & Engagement
- Others
- Services
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- IT & Telecom
- BFSI
- Retail
- Healthcare
- Manufacturing
- Government & Public Sector
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Accenture PLC
- ADP, Inc.
- Ceridian HCM Holding, Inc.
- IBM Corporation
- Oracle Corporation
- Workday, Inc.
- Marsh McLennan Companies, Inc. (Mercer LLC)
- Talentsoft (Cegid)
- UKG, Inc.
- SAP SE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Human Resource Management Market, by Component
1.4.2 North America Human Resource Management Market, by Deployment Type
1.4.3 North America Human Resource Management Market, by Enterprise Size
1.4.4 North America Human Resource Management Market, by End User
1.4.5 North America Human Resource Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.2.5 Business Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Mar – 2021, Jun) Leading Players
Chapter 4. North America Human Resource Management Market by Component
4.1 North America Human Resource Management Software Market by Country
4.2 North America Human Resource Management Market by Software Type
4.2.1 North America Human Resource Management Core HR Market by Country
4.2.2 North America Human Resource Management Recruiting Market by Country
4.2.3 North America Human Resource Management Workforce Planning & Analytics Market by Country
4.2.4 North America Human Resource Management Talent Management Market by Country
4.2.5 North America Human Resource Management Employee Collaboration & Engagement Market by Country
4.2.6 North America Other Software Type Human Resource Management Market by Country
4.3 North America Human Resource Management Services Market by Country
Chapter 5. North America Human Resource Management Market by Deployment Type
5.1 North America On-premise Human Resource Management Market by Country
5.2 North America Hosted Human Resource Management Market by Country
Chapter 6. North America Human Resource Management Market by Enterprise Size
6.1 North America Large Enterprises Human Resource Management Market by Country
6.2 North America Small & Medium Enterprises Human Resource Management Market by Country
Chapter 7. North America Human Resource Management Market by End User
7.1 North America IT & Telecom Human Resource Management Market by Country
7.2 North America BFSI Human Resource Management Market by Country
7.3 North America Retail Human Resource Management Market by Country
7.4 North America Healthcare Human Resource Management Market by Country
7.5 North America Manufacturing Human Resource Management Market by Country
7.6 North America Government & Public Sector Human Resource Management Market by Country
7.7 North America Others Human Resource Management Market by Country
Chapter 8. North America Human Resource Management Market by Country
8.1 US Human Resource Management Market
8.1.1 US Human Resource Management Market by Component
8.1.1.1 US Human Resource Management Market by Software Type
8.1.2 US Human Resource Management Market by Deployment Type
8.1.3 US Human Resource Management Market by Enterprise Size
8.1.4 US Human Resource Management Market by End User
8.2 Canada Human Resource Management Market
8.2.1 Canada Human Resource Management Market by Component
8.2.1.1 Canada Human Resource Management Market by Software Type
8.2.2 Canada Human Resource Management Market by Deployment Type
8.2.3 Canada Human Resource Management Market by Enterprise Size
8.2.4 Canada Human Resource Management Market by End User
8.3 Mexico Human Resource Management Market
8.3.1 Mexico Human Resource Management Market by Component
8.3.1.1 Mexico Human Resource Management Market by Software Type
8.3.2 Mexico Human Resource Management Market by Deployment Type
8.3.3 Mexico Human Resource Management Market by Enterprise Size
8.3.4 Mexico Human Resource Management Market by End User
8.4 Rest of North America Human Resource Management Market
8.4.1 Rest of North America Human Resource Management Market by Component
8.4.1.1 Rest of North America Human Resource Management Market by Software Type
8.4.2 Rest of North America Human Resource Management Market by Deployment Type
8.4.3 Rest of North America Human Resource Management Market by Enterprise Size
8.4.4 Rest of North America Human Resource Management Market by End User
Chapter 9. Company Profiles
9.1 Ceridian HCM Holding, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.1.5.4 Geographical Expansions:
9.2 Workday, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Product Launches and Product Expansions:
9.3 Marsh McLennan Companies, Inc. (Mercer LLC)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Partnerships, Collaborations, and Agreements:
9.3.4.2 Product Launches and Product Expansions:
9.3.4.3 Acquisition and Mergers:
9.4 SAP SE
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.1 Recent strategies and developments:
9.4.1.1 Partnerships, Collaborations, and Agreements:
9.4.1.2 Product Launches and Product Expansions:
9.4.2 SWOT Analysis
9.5 IBM Corporation
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.5.3 Business Expansions:
9.6 Oracle Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 ADP, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.4.2 Acquisition and Mergers:
9.7.4.3 Geographical Expansions:
9.8 Accenture PLC
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Acquisition and Mergers:
9.8.5.3 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 UKG, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.9.2.2 Acquisition and Mergers:
9.10. Talentsoft (Cegid)
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:
9.10.2.3 Acquisition and Mergers:
TABLE 1 North America Human Resource Management Market, 2017 - 2020, USD Million
TABLE 2 North America Human Resource Management Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Human Resource Management Market
TABLE 4 Product Launches And Product Expansions– Human Resource Management Market
TABLE 5 Acquisition and Mergers– Human Resource Management Market
TABLE 6 geographical expansions– Human Resource Management Market
TABLE 7 Business expansions– Human Resource Management Market
TABLE 8 North America Human Resource Management Market by Component, 2017 - 2020, USD Million
TABLE 9 North America Human Resource Management Market by Component, 2021 - 2027, USD Million
TABLE 10 North America Human Resource Management Software Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Human Resource Management Software Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Human Resource Management Market by Software Type, 2017 - 2020, USD Million
TABLE 13 North America Human Resource Management Market by Software Type, 2021 - 2027, USD Million
TABLE 14 North America Human Resource Management Core HR Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Human Resource Management Core HR Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Human Resource Management Recruiting Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Human Resource Management Recruiting Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Human Resource Management Workforce Planning & Analytics Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Human Resource Management Workforce Planning & Analytics Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Human Resource Management Talent Management Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Human Resource Management Talent Management Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Human Resource Management Employee Collaboration & Engagement Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Human Resource Management Employee Collaboration & Engagement Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Other Software Type Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Other Software Type Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Human Resource Management Services Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Human Resource Management Services Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Human Resource Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 29 North America Human Resource Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 30 North America On-premise Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 31 North America On-premise Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Hosted Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Hosted Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Human Resource Management Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 35 North America Human Resource Management Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 36 North America Large Enterprises Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Large Enterprises Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Small & Medium Enterprises Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Small & Medium Enterprises Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 40 North America Human Resource Management Market by End User, 2017 - 2020, USD Million
TABLE 41 North America Human Resource Management Market by End User, 2021 - 2027, USD Million
TABLE 42 North America IT & Telecom Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 43 North America IT & Telecom Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 44 North America BFSI Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 45 North America BFSI Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 46 North America Retail Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 47 North America Retail Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 48 North America Healthcare Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 49 North America Healthcare Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 50 North America Manufacturing Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 51 North America Manufacturing Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 52 North America Government & Public Sector Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 53 North America Government & Public Sector Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 54 North America Others Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 55 North America Others Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 56 North America Human Resource Management Market by Country, 2017 - 2020, USD Million
TABLE 57 North America Human Resource Management Market by Country, 2021 - 2027, USD Million
TABLE 58 US Human Resource Management Market, 2017 - 2020, USD Million
TABLE 59 US Human Resource Management Market, 2021 - 2027, USD Million
TABLE 60 US Human Resource Management Market by Component, 2017 - 2020, USD Million
TABLE 61 US Human Resource Management Market by Component, 2021 - 2027, USD Million
TABLE 62 US Human Resource Management Market by Software Type, 2017 - 2020, USD Million
TABLE 63 US Human Resource Management Market by Software Type, 2021 - 2027, USD Million
TABLE 64 US Human Resource Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 65 US Human Resource Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 66 US Human Resource Management Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 67 US Human Resource Management Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 68 US Human Resource Management Market by End User, 2017 - 2020, USD Million
TABLE 69 US Human Resource Management Market by End User, 2021 - 2027, USD Million
TABLE 70 Canada Human Resource Management Market, 2017 - 2020, USD Million
TABLE 71 Canada Human Resource Management Market, 2021 - 2027, USD Million
TABLE 72 Canada Human Resource Management Market by Component, 2017 - 2020, USD Million
TABLE 73 Canada Human Resource Management Market by Component, 2021 - 2027, USD Million
TABLE 74 Canada Human Resource Management Market by Software Type, 2017 - 2020, USD Million
TABLE 75 Canada Human Resource Management Market by Software Type, 2021 - 2027, USD Million
TABLE 76 Canada Human Resource Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 77 Canada Human Resource Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 78 Canada Human Resource Management Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 79 Canada Human Resource Management Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 80 Canada Human Resource Management Market by End User, 2017 - 2020, USD Million
TABLE 81 Canada Human Resource Management Market by End User, 2021 - 2027, USD Million
TABLE 82 Mexico Human Resource Management Market, 2017 - 2020, USD Million
TABLE 83 Mexico Human Resource Management Market, 2021 - 2027, USD Million
TABLE 84 Mexico Human Resource Management Market by Component, 2017 - 2020, USD Million
TABLE 85 Mexico Human Resource Management Market by Component, 2021 - 2027, USD Million
TABLE 86 Mexico Human Resource Management Market by Software Type, 2017 - 2020, USD Million
TABLE 87 Mexico Human Resource Management Market by Software Type, 2021 - 2027, USD Million
TABLE 88 Mexico Human Resource Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 89 Mexico Human Resource Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 90 Mexico Human Resource Management Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 91 Mexico Human Resource Management Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 92 Mexico Human Resource Management Market by End User, 2017 - 2020, USD Million
TABLE 93 Mexico Human Resource Management Market by End User, 2021 - 2027, USD Million
TABLE 94 Rest of North America Human Resource Management Market, 2017 - 2020, USD Million
TABLE 95 Rest of North America Human Resource Management Market, 2021 - 2027, USD Million
TABLE 96 Rest of North America Human Resource Management Market by Component, 2017 - 2020, USD Million
TABLE 97 Rest of North America Human Resource Management Market by Component, 2021 - 2027, USD Million
TABLE 98 Rest of North America Human Resource Management Market by Software Type, 2017 - 2020, USD Million
TABLE 99 Rest of North America Human Resource Management Market by Software Type, 2021 - 2027, USD Million
TABLE 100 Rest of North America Human Resource Management Market by Deployment Type, 2017 - 2020, USD Million
TABLE 101 Rest of North America Human Resource Management Market by Deployment Type, 2021 - 2027, USD Million
TABLE 102 Rest of North America Human Resource Management Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 103 Rest of North America Human Resource Management Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 104 Rest of North America Human Resource Management Market by End User, 2017 - 2020, USD Million
TABLE 105 Rest of North America Human Resource Management Market by End User, 2021 - 2027, USD Million
TABLE 106 Key Information – Ceridian HCM Holding, Inc.
TABLE 107 Key Information – Workday, inc.
TABLE 108 Key Information – Marsh Mclennan Companies, Inc.
TABLE 109 Key Information – SAP SE
TABLE 110 Key information – IBM Corporation
TABLE 111 Key Information – Oracle Corporation
TABLE 112 Key Information – ADP, Inc.
TABLE 113 Key information – Accenture PLC
TABLE 114 Key Information – UKG, Inc.
TABLE 115 Key Information – talentsoft
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, collaborations, and agreements : 2017, Mar – 2021, Jun) Leading Players
FIG 5 Recent strategies and developments: CERIDIAN HCM HOLDING, INC.
FIG 6 Recent strategies and developments: WORKDAY, INC.
FIG 7 Recent strategies and developments: Marsh McLennan Companies, Inc.
FIG 8 Recent strategies and developments: SAP SE
FIG 9 SWOT Analysis: SAP SE
FIG 10 Recent strategies and developments: IBM Corporation
FIG 12 Recent strategies and developments: Oracle Corporation
FIG 13 SWOT analysis: Oracle Corporation
FIG 14 Recent strategies and developments: ADP, Inc.
FIG 15 Recent strategies and developments: Accenture PLC
FIG 16 Swot analysis: Accenture plc
FIG 17 Recent strategies and developments: UKG, INC.
FIG 18 Recent strategies and developments: TALENTSOFT