North America Human Resource Management Market Size

North America Human Resource Management Market Size to 2027

North America Human Resource Management Market By Component (Software and Services), By Deployment Type (On-premise and Hosted), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (IT & Telecom, BFSI, Retail, Healthcare, Manufacturing, Government & Public Sector and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027

Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support

Published Date : August-2021 | Number of Pages : 128 | Format : PDF

COVID-19

Get in-depth analysis of the COVID-19 impact on the North America Human Resource Management Market

Market Report Description

The North America Human Resource Management Market would witness market growth of 10.1% CAGR during the forecast period (2021-2027).

The management of all the issues regarding the human assets of an organization is termed as human resource management. The HR department carries out various functions like recruitment, compensation, organization development, safety, wellness, performance management, benefits, communication, policy administration, employee motivation, and training.

HRM is shifting from conventional administration, personnel, and transactional roles that are rapidly being outsourced. Nowadays, it is expected that the HRM function would add value to the strategic usage of all the employees and also facilitate the employee programs that are recommended and implemented to positively impact the company.

The HRM department of any organization helps in keeping employers and companies safe from any kind of lawsuits and workplace chaos. These HR employees must do a balancing act to better serve every stakeholder of an organization including executives, customers, managers, employees, owners, and stockholders.

The high adoption rate of this region is one of the major driving factors for any new technology like HRM solutions in this region. Companies in this region are increasingly investing in the implementation of various advanced solutions. There are many nations like the US that are witnessing a surge in the demand for advanced HRM solutions for better human resource management.

The shifting focus of the organizations across this region on deploying HRM solutions for payroll management, talent management, and attendance & time tracking, among other operations, would bolster the regional growth of the human resource management market. Moreover, the presence of key HRM solution providers is anticipated to propel regional growth.

The US market dominated the North America Human Resource Management Workforce Planning & Analytics Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $938.3 million by 2027. The Canada market is experiencing a CAGR of 12.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 11.5% during (2021 - 2027).

Based on Component, the market is segmented into Software and Services. Software market is bifurcated across Core HR, Recruiting, Workforce Planning & Analytics, Talent Management, Employee Collaboration & Engagement and Others. Based on Deployment Type, the market is segmented into On-premise and Hosted. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into IT & Telecom, BFSI, Retail, Healthcare, Manufacturing, Government & Public Sector and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Human Resource Management Market is Estimated to Reach USD 39.5 Billion by 2027 at a CAGR of 11.8%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, ADP, Inc., Ceridian HCM Holding, Inc., IBM Corporation, Oracle Corporation, Workday, Inc., Marsh McLennan Companies, Inc. (Mercer LLC), Talentsoft (Cegid), UKG, Inc., and SAP SE

Scope of the Study

Market Segments Covered in the Report:

By Component

  • Software
    • Core HR
    • Recruiting
    • Workforce Planning & Analytics
    • Talent Management
    • Employee Collaboration & Engagement
    • Others
  • Services

By Deployment Type

  • On-premise
  • Hosted

By Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

By End User

  • IT & Telecom
  • BFSI
  • Retail
  • Healthcare
  • Manufacturing
  • Government & Public Sector
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Accenture PLC
  • ADP, Inc.
  • Ceridian HCM Holding, Inc.
  • IBM Corporation
  • Oracle Corporation
  • Workday, Inc.
  • Marsh McLennan Companies, Inc. (Mercer LLC)
  • Talentsoft (Cegid)
  • UKG, Inc.
  • SAP SE

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

Global Human Resource Management Market Report 2021-2027

Europe Human Resource Management Market Report 2021-2027

Asia Pacific Human Resource Management Market Report 2021-2027

LAMEA Human Resource Management Market Report 2021-2027

Purchase Report

 1500
 1800
 2520

Special Pricing & Discounts

  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities