Human Resource Management (HRM) Market, Global Outlook and Forecast 2023-2029

Human resource management deals with hiring, training, managing, retaining and acquiring processes in an enterprise in order to run the business efficiently. The lead on workforce and their management is ensured by the HRM to contribute effectively for various business processes of an enterprise.
This report aims to provide a comprehensive presentation of the global market for Human Resource Management (HRM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Human Resource Management (HRM). This report contains market size and forecasts of Human Resource Management (HRM) in global, including the following market information:
Global Human Resource Management (HRM) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Human Resource Management (HRM) market was valued at US$ 19960 million in 2022 and is projected to reach US$ 35610 million by 2029, at a CAGR of 8.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Technological proliferation in the field of big data analytics, machine learning, artificial intelligence (AI), and Internet of Things (IoT) is expected to positively impact the market for Human Resource Management (HRM). Various solution providers are developing innovative solutions that integrate upcoming technologies into HR systems for enhanced organizational performance.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Human Resource Management (HRM) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Human Resource Management (HRM) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Human Resource Management (HRM) Market Segment Percentages, by Type, 2022 (%)
    Integration and Deployment
    Support and Maintenance
    Training and Consulting
    Others
Global Human Resource Management (HRM) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Human Resource Management (HRM) Market Segment Percentages, by Application, 2022 (%)
    Academia
    BFSI
    Government
    Healthcare
    IT and Telecom
    Others
Global Human Resource Management (HRM) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Human Resource Management (HRM) Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Human Resource Management (HRM) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Human Resource Management (HRM) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Workday(US)
    SAP(Germany)
    Kronos (US)
    Oracle Corporation (US)
    Automatic Data Processing, LCC (US)
    Talentsoft (France)
    Ultimate Software Group (US)
    Accenture PLC (Ireland)
    Cezanne HR(UK)
    IBM Corporation (US)
    Ultimate Software (US)
    PricewaterhouseCoopers (India)
    NetSuite (US)
    Mercer LLC (US)
    Ceridian HCM (US)
Outline of Major Chapters:
Chapter 1: Introduces the definition of Human Resource Management (HRM), market overview.
Chapter 2: Global Human Resource Management (HRM) market size in revenue.
Chapter 3: Detailed analysis of Human Resource Management (HRM) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Human Resource Management (HRM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.