Americas Healthcare Human Resources (HR) Software Market is Expected to Grow at 2% CAGR during 2017-2023

Pune, India, 25 May, 2017 /MRFR Press Release/- Market Research Future published a half-cooked research report on American Healthcare Human Resources Software Market. American Healthcare Human Resources Software Market is expected to grow at a CAGR of ~2% during the period 2017 to 2023.

Market Highlights

Healthcare is largest, conventional industries, across the globe. Across the world, in some of the areas of healthcare industry are yet to adopt information technology and new business process because of lack of budget, infrastructure and understaffed. HR software provides various benefits like managing database and providing security, minimizing the time spent on the administrative, tracking employee record and other work. It helps in storing the employee data like address, contact information, payroll information and other personal information. Increasing popularity due to its various benefits has increase the market in recent years.  Various drivers are responsible for the increasing the growth of the healthcare HR software market in America like Increase in the technology, industrial growth and increase in small and medium organization has significantly increase the Human resource software market in healthcare sector. Increase in the rate of cybercrime has can led to the decrease in the market. Various types of software are developed as per requirement like Core HR, Workforce Management, Compensation Management, SaaS and other. SaaS is the most used software and occupy 40% of total market. SaaS is the leading software with the highest market. The globally total market of SaaS in 2014 was USD 24 billion. In the market of SaaS software North America holds about 52% of total SaaS market and contribute about 14 billion in global market. Increasing awareness about the benefits of SaaS in these region there is a significant increase in the adoption of Software as a Service solutions (SaaS) by various healthcare organizations. HR software consist of three branches of administrative HR which are employee data administration, payroll, compensation and benefits and workforce management. Administrative segment holds the largest share in the market but has very slow growth rate. The factors like rising demand for performance and succession management to identify and train future leaders is also likely to be major driver for increasing the market. Small and medium sized organization plays a major role in the HR software market. Small organization are less complex and need less complex software because of less man power.  Various different types of HR software are in the market but SaaS is the most preferred and is the leading software with the highest market of USD 24 billion in 2014. In which North America holds 52% total share. Cloud proliferation is expected to be the emerging market as many of the organization has already adopted the software. 

Test the market data and market information presented through more than 60 market data tables and figures spread over more than 75 numbers of pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “American Healthcare Human Resources (HR) Software Market from 2017 to 2023".

Americas Healthcare Human Resources Software Market, By Countries

North America holds the highest share in healthcare human resource software market. The most important reason for this is the increase in the number of the pharmaceutical industries and various healthcare institutes. USA holds the highest share in the market followed by Canada.

Segmentation

HR software market has been segmented on the basis of administration software which are payroll, time and attendance, benefits management and others. On the basis of type of software like Recruiting, software-as-a-service (SaaS), core HR and others. By Organizations Type- Medium Businesses, Large Enterprises, Small Business. By user end, they are Pharmaceuticals, hospital and laboratories and other and by region it is segmented as North America, Europe, Asia-pacific and Middle East and Africa.

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