Human Resource (HR) Professional Services Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“HR Professional Services Market Size Worth $7.47 Billion by 2025�
The global HR professional services market size is expected to reach USD 7.47 billion by 2025 at a 12.4% CAGR during the forecast period, according to a new study by Grand View Research, Inc. Increasing demand for human resource (HR) processes and need to manage remote teams due to ongoing workplace transformation are creating demand for HR professional services. Growing awareness among enterprises regarding benefits of advanced Human Resource Management (HRM) services, particularly HR professional services, is playing a key role in improving employee retention and promoting satisfactory work-life balance. Advancements in the field of big data analytics and Artificial Intelligence (AI) over the last decade have prompted numerous organizations to integrate these technologies into their business processes. Adoption of these advanced technologies aids organizations in gaining tactical conclusions regarding future market trends by analyzing HR data. Automation of HR operations enables a reduction in workload of HR personnel. This further offers them sufficient time to invest in strategic decision-making. Moreover, use of predictive analytics in crucial processes such as talent management, succession planning, and career management makes management tasks easy. Benefits such as improved performance and ease of upgrading technology are expected to lead to extensive adoption of hosted HR professional services. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/human-resource-hrprofessional-services-market
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Further key findings from the study suggest: • By type, the core HR segment generated the highest revenue in 2017 and is expected to exhibit a CAGR of 11.7% over the forecast period. This is attributed to growing use of business analytics and artificial intelligence in HR professional services to enhance workflow, increase productivity, and offer employee work-life balance •
The talent management segment is estimated to expand at the highest CAGR over the forecast period. This can be attributed to rising need to guarantee employee retention by managing career and succession planning, and also by managing workforce and employee benefits
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By deployment, on-premise is expected to remain the most adopted method of deployment of HR professional services and the segment is expected to register a CAGR of 9.7% over the forecast period
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The hosted deployment segment is anticipated to expand at the highest CAGR of 15.6% over the forecast period
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On the basis of end use, the IT and telecom and retail segments are expected to exhibit strong growth as enterprises aim to reduce their efforts on manually carrying out HR operations such as conducting appraisals, performance evaluation, and providing feedbacks
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North America is expected to dominate the market over the forecast period and valued USD 1.08 billion in 2017 owing to presence of a large number of leading HR professional services providers in the region
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ADP, Inc.; Oracle Corporation; SAP SE; Ultimate Software; Workday, Inc.; IBM Corporation; Kronos, Inc.; Skillsoft; and Cornerstone On Demand, Inc. are some of the key players in the HR professional services market.
Grand View Research has segmented the global HR professional services market based on type, deployment, enterprise size, end use, and region: HR Professional Services Type Outlook (Revenue, USD Million, 2014 - 2025) • Core HR •
Employee Collaboration & Engagement
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Recruiting
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Talent Management
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Workforce Planning & Analytics
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Others
HR Professional Services Deployment Outlook (Revenue, USD Million, 2014 - 2025) • Hosted •
On-premise
HR Professional Services Enterprise Size Outlook (Revenue, USD Million, 2014 - 2025) • Large Enterprises •
Small & Medium Enterprises
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HR Professional Services End Use Outlook (Revenue, USD Million, 2014 - 2025) • Academia •
BFSI
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Government
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Healthcare
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IT & Telecom
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Manufacturing
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Retail
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Others
HR Professional Services Regional Outlook (Revenue, USD Million, 2014 - 2025) • North America
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•
•
o
U.S.
o
Canada
Europe o
France
o
Germany
o
U.K.
Asia Pacific o
Australia
o
China
o
Hong Kong
o
India
o
Japan
o
Singapore
o
Thailand
Latin America o
•
Brazil
Middle East & Africa (MEA)
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Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope and Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary 2.1 HR Professional Services Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025 2.2 Global HR Professional Services Market, 2014 - 2025 (USD Million) 2.2.1 Global HR professional services market, by region, 2014 - 2025 2.2.2 Global HR professional services market, by type, 2014 - 2025 2.2.3 Global HR professional services market, by deployment, 2014 - 2025 2.2.4 Global HR professional services market, by enterprise size, 2014 - 2025 2.2.5 Global HR professional services market, by end use, 2014 - 2025 Chapter 3 HR Professional Services Industry Outlook 3.1 Market Segmentation 3.2 Market Size & Growth Prospects 3.3 HR Professional Services Market - Value Chain Analysis 3.3.1 Vendor landscape 3.4 HR Professional Services Market - Market Dynamics 3.4.1 Market driver analysis 3.4.1.1 Increasing demand for automation of HR processes 3.4.1.2 Growing application of big data analytics and mobile technology in HR professional services 3.4.1.3 Need to manage remote teams due to ongoing workplace transformation 3.4.2 Market challenges analysis 3.4.2.1 Reluctance toward the adoption of new HR solutions 3.5 Penetration and Growth Prospect Mapping 3.6 HR Professional Services Market - Company Market Share Analysis, 2017 3.7 HR Professional Services Market - Porter’s Five Forces Analysis 3.8 HR Professional Services Market - PESTEL Analysis 3.9 HR Professional Services Market - Evolution Analysis Chapter 4 HR Professional Services Type Outlook 4.1 HR Professional Services Market Share By Type, 2017 4.2 Core HR 4.2.1 Core HR services market, 2014 - 2025 4.3 Employee Collaboration & Engagement 4.3.1 Employee collaboration & engagement services market, 2014 - 2025 4.4 Recruiting 4.4.1 Recruiting services market, 2014 - 2025 4.5 Talent Management 4.5.1 Talent management services market, 2014 - 2025 4.6 Workforce Planning & Analytics 4.6.1 Workforce planning & analytics services market, 2014 - 2025 4.7 Others 4.7.1 Other HR professional services market, 2014 - 2025 Chapter 5 HR Professional Services Deployment Outlook 5.1 HR Professional Services Market Share By Deployment, 2017 5.2 Hosted 5.2.1 Hosted HR professional services market, 2014 - 2025
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5.3 On-premise 5.3.1 On-premise HR professional services market, 2014 - 2025 Continue…………………. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com
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