SaaS-Based HRM Market Hits New High | Major Giants Workday, Oracle (PeopleSoft), SAP SuccessFactors

 

HTF MI recently introduced Global SaaS-Based HRM Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the

Key Players in This Report Include:

Workday, Oracle (PeopleSoft), SAP SuccessFactors, ADP, BambooHR, Ultimate Software, Kronos, Paycom, Gusto, Zoho, Namely, Cornerstone OnDemand, Ceridian, Sage Group, Zenefits, TriNet, Paylocity, Ascentis, Epicor, Rippling

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According to HTF MI, the SaaS-Based HRM Market is estimated to reach USD 20 Billion by 2030, currently pegged at USD 10 Billion. In 2019 the market size was USD6 Billion since then the growth rate of 12% from 2024 to 2032.

The SaaS-Based HRM market is segmented by Types (Payroll, Employee Management, Talent Management, Performance Management, Recruitment), Application (Corporate HR, SMEs, Recruitment Agencies, Freelancers, Remote Workforce) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).

 

Definition:

SaaS-based HRM (Human Resource Management) platforms provide cloud-based solutions for managing payroll, employee records, talent management, and recruitment. These platforms enable businesses to automate and streamline HR processes while offering remote accessibility. The market is expanding due to the growing demand for remote workforce management, automation of HR functions, and the integration of artificial intelligence for better talent management. However, data privacy concerns and the high costs of implementation for large organizations pose challenges. The North American market leads in adoption, but Asia-Pacific is witnessing rapid growth due to digital transformation initiatives.

Dominating Region:

North America

Fastest-Growing Region:

Asia-Pacific

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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of SaaS-Based HRM market segments by Types: Payroll, Employee Management, Talent Management, Performance Management, Recruitment
Detailed analysis of SaaS-Based HRM market segments by Applications: Corporate HR, SMEs, Recruitment Agencies, Freelancers, Remote Workforce

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

·        Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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SaaS-Based HRM Market Research Objectives:

- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

 

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Points Covered in Table of Content of Global SaaS-Based HRM Market:

Chapter 01 – SaaS-Based HRM Executive Summary

Chapter 02 – Market Overview

Chapter 03 – Key Success Factors

Chapter 04 – Global SaaS-Based HRM Market – Pricing Analysis

Chapter 05 – Global SaaS-Based HRM Market Background or History

Chapter 06 — Global SaaS-Based HRM Market Segmentation (e.g. Type, Application)

Chapter 07 – Key and Emerging Countries Analysis Worldwide SaaS-Based HRM Market

Chapter 08 – Global SaaS-Based HRM Market Structure & worth Analysis

Chapter 09 – Global SaaS-Based HRM Market Competitive Analysis & Challenges

Chapter 10 – Assumptions and Acronyms

Chapter 11 – SaaS-Based HRM Market Research Methodology

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia.

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