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(Wireless-NewsWire.Com, September 15, 2024 ) Human Resource Management Software Market was valued at USD 35.30 billion in 2023 and the market is estimated to grow at a CAGR of 10.1% throughout the forecast period, to reach USD 69.24 Bn. by 2030.
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HRMS or human resource management is a software application used to manage human resources and related processes throughout the entire working life of an employee. HRMS allows companies to gain full visibility into their workforce while complying with changing laws and employment policies. HRMS features include candidate management, employee engagement, performance management, optimization, compensation, performance management, and more. The European region is expected to be the second largest market as the European Union adjusts its skills to reduce the burden of growth. Additionally, innovation and technological innovation drive growth in the region.
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Human Resource Management Software Market Segmentation
BY Component
Software
Talent Management
Workforce Management
Recruitment
Payroll Management
Performance Management
Service
Support & Maintenance
Integration & Deployment
Training & Consulting
By Type
Cloud
On-premise
By Application
IT & Telecommunication
BFSI
Government
Healthcare
Retail
Manufacturer
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Human Resource Management Software Market Key Players:
Accenture
ADP, Inc.
Cezanne HR Ltd.
Ceridian HCM Holding, Inc.
International Business Machines Corp. (IBM)
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