Global Human Resources Management (HRM) Software Market is predicted to reach USD 33.40 billion at a CAGR of 12.2% during the forecast period 2022 to 2030

Market Research Future (MRFR) has published a cooked research report on the “Global Human Resources Management (HRM) Software Market” that contains information from 2022 to 2030. The Global Human Resources Management (HRM) Software Market is estimated to register a CAGR of 12.2% during the forecast period of 2022 to 2030.

MRFR recognizes the following companies as the key players in the Global Human Resources Management (HRM) Software Market— Gusto, Microsoft, AP, Sage, Talentsoft, Oracle, ADP, Workday, Kronos, and IBM.

Market Highlights

Global Human Resources Management (HRM) Software Market is accounted to register a CAGR of 12.2% during the forecast period and is estimated to reach USD 33.40 Billion by 2030.

Human Resources Management (HRM) software refers to a comprehensive digital solution designed to streamline and automate various aspects of workforce management within an organization. This software encompasses a range of functionalities, including employee data management, recruitment and onboarding, performance evaluation, training and development, payroll and benefits administration, time and attendance tracking, as well as compliance with labor regulations. By centralizing these processes into a unified platform, HRM software enhances efficiency, accuracy, and transparency in managing personnel-related tasks, allowing HR professionals to focus on strategic initiatives that promote employee engagement, organizational growth, and overall operational success.

Segment Analysis

The Global Human Resources Management (HRM) Software Market has been segmented based on Vertical, Organization Size, Service, and Deployments.

Based on Vertical, the market is segmented into BFSI and Healthcare. The BFSI category dominates the HRM Software market due to its complex workforce management needs and stringent regulatory requirements.

Based on Organization Size, the market is segmented into Large Enterprises and Small and Medium Enterprises. The Large Enterprises category dominates the HRM Software market due to their extensive workforce and greater resources for implementing comprehensive HR solutions.

Based on Service, the market is segmented into Integration and Deployment. The Integration category dominates the HRM Software market due to the increasing demand for seamless connectivity with other business systems and tools for streamlined HR processes.

Based on Deployments, the market is segmented into On-Cloud and On-Premise. The On-Cloud category dominates the HRM Software market due to its scalability, cost-effectiveness, and accessibility, enabling organizations to manage HR processes remotely and efficiently.

Regional Analysis

The Global Human Resources Management (HRM) Software Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Human Resources Management (HRM) Software Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Human Resources Management (HRM) Software Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Human Resources Management (HRM) Software Market comprises of Middle East, Africa, and Latin America.

In 2021, the North American HRM Software market demonstrated its prominence by reaching a value of USD 5.8 billion, a testament to the region's early embrace of cutting-edge technologies. This can be attributed to the robust corporate infrastructure and the presence of major industry players like Microsoft, Oracle, and IBM. Meanwhile, the European HRM Software market secured the second-largest market share, driven by the escalating number of companies and the growing adoption of on-cloud HRM solutions, recognizing Germany for the highest market share and the UK for its rapid growth.

Anticipated to grow at the swiftest CAGR between 2022 and 2030, the Asia-Pacific HRM Software market stems from increased investments in cloud technology research and development, along with the integration of modern solutions within larger enterprises. The China market held the leading share, and India exhibited the fastest growth in the Asia-Pacific region.

Key Findings of the Study

• The Global Human Resources Management (HRM) Software Market is expected to reach USD 33.40 Billion by 2030, at a CAGR of 12.2% during the forecast period.


• In 2021, the North American market registered a substantial USD 5.8 billion in the HRM Software market, driven by the region's early embracement of cutting-edge technologies. This trend is a result of the region's well-established business infrastructure and the presence of industry giants like Microsoft, Oracle, and IBM.


• Based on the Deployments, the Market has been segmented into On-Cloud holding the largest market in 2022.


• Gusto, Microsoft, AP, Sage, Talentsoft, Oracle, ADP, Workday, Kronos, and IBM.