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Global HR SaaS Market Report By Enterprise Size (Small and Middle Enterprise, Large Enterprises), By Solution (Time & Attendance Management, Absence Management, HR & Payroll, Integrated Solutions, Others), By Industry (IT and Telecom, Manufacturing, Healthcare, BFSI, Others (government, logistics, etc.) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11214178
April 2021
Report Formats: Electronic (PDF), MS EXCEL
The global demand for HR SaaS Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
HR Saas refers to the human resource software functioned in the cloud computing environment. SaaS-based HRM applications allow to manage and control aspects of human resource activities to maintain all employees’ data from joining to retirement. SaaS-based HRM applications involve human resource activities such as management application, tracking, time & attendance management, directory, electronic forms processing, and others such as leave management and payroll management. SaaS-based HRM applications enable to enhance the productivity of human resource staff by offering self-service web interfaces. Moreover, SaaS-based HRM allows the organization to access and manage their employee data efficiently on a real-time basis. Various software development companies and vendors emphasize enhancing SaaS-based HRM applications by integrating value-added functionalities such as human resource compliance management tools, workforce analytics, and other features such as process design control.
Market Dynamics
The global SaaS-based HRM market is mainly driven by the rising demand for cost-saving solutions in HRM. The market demand is also encouraged by the growing importance of employee-centric systems' deployment to enhance human resource activities. Further, the expanding workforce globalization is expected to add a high adoption rate of SaaS-based HRM application by small and large companies globally. The growing demand for improved architectures for recruiting and talent functions leads to the rising implementations of SaaS-based HRM models. Recently, internet connectivity is an essential requirement for SaaS-based HRM, as, without internet accessibility, it is challenging to manage the SaaS-based HRM application. Also, employees' information security is a significant concern in SaaS-based HRM applications as the data is stored on a cloud platform and vulnerable to cyber intrusion. All these factors related to connectivity and data security are expected to restrain the market growth during the forecast period. The increasing automation and cost savings in human resource activities across the organizations are likely to provide noticeable market opportunities in the coming years.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hr saas. The growth and trends of hr saas industry provide a holistic approach to this study.
Market Segmentation
This section of the hr saas market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Enterprise Size
This section covers the regional outlook, which accentuates current and future demand for the HR SaaS market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global HR SaaS Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hr saas market include Talentsoft SA, Cezanne HR Ltd., CloudPay, Inc., Oracle Corporation, Benrekia.com, SAP SE, Kronos, Inc., Ceridian HCM, Inc., ADP, LLC, Ascentis Corporation, and The Ultimate Software Group, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
HR Saas refers to the human resource software functioned in the cloud computing environment. SaaS-based HRM applications allow to manage and control aspects of human resource activities to maintain all employees’ data from joining to retirement. SaaS-based HRM applications involve human resource activities such as management application, tracking, time & attendance management, directory, electronic forms processing, and others such as leave management and payroll management. SaaS-based HRM applications enable to enhance the productivity of human resource staff by offering self-service web interfaces. Moreover, SaaS-based HRM allows the organization to access and manage their employee data efficiently on a real-time basis. Various software development companies and vendors emphasize enhancing SaaS-based HRM applications by integrating value-added functionalities such as human resource compliance management tools, workforce analytics, and other features such as process design control.
Market Dynamics
The global SaaS-based HRM market is mainly driven by the rising demand for cost-saving solutions in HRM. The market demand is also encouraged by the growing importance of employee-centric systems' deployment to enhance human resource activities. Further, the expanding workforce globalization is expected to add a high adoption rate of SaaS-based HRM application by small and large companies globally. The growing demand for improved architectures for recruiting and talent functions leads to the rising implementations of SaaS-based HRM models. Recently, internet connectivity is an essential requirement for SaaS-based HRM, as, without internet accessibility, it is challenging to manage the SaaS-based HRM application. Also, employees' information security is a significant concern in SaaS-based HRM applications as the data is stored on a cloud platform and vulnerable to cyber intrusion. All these factors related to connectivity and data security are expected to restrain the market growth during the forecast period. The increasing automation and cost savings in human resource activities across the organizations are likely to provide noticeable market opportunities in the coming years.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hr saas. The growth and trends of hr saas industry provide a holistic approach to this study.
Market Segmentation
This section of the hr saas market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Enterprise Size
- Small and Middle Enterprise
- Large Enterprises
- Time & Attendance Management
- Absence Management
- HR & Payroll
- Integrated Solutions
- Others
- IT and Telecom
- Manufacturing
- Healthcare
- BFSI
- Others (government, logistics, etc.)
This section covers the regional outlook, which accentuates current and future demand for the HR SaaS market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global HR SaaS Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hr saas market include Talentsoft SA, Cezanne HR Ltd., CloudPay, Inc., Oracle Corporation, Benrekia.com, SAP SE, Kronos, Inc., Ceridian HCM, Inc., ADP, LLC, Ascentis Corporation, and The Ultimate Software Group, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . HR SAAS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Enterprise Size
3.7.2 By Solution
3.7.3 By Industry
3.7.4 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL HR SAAS MARKET ANALYSIS BY ENTERPRISE SIZE
6.1 Overview by Enterprise Size
6.2 Historical and Forecast Data
6.3 Analysis by Enterprise Size
6.4 Small and Middle Enterprise Market by Regions
6.5 Large Enterprises Market by Regions
7 . GLOBAL HR SAAS MARKET ANALYSIS BY SOLUTION
7.1 Overview by Solution
7.2 Historical and Forecast Data
7.3 Analysis by Solution
7.4 Time & Attendance Management Market by Regions
7.5 Absence Management Market by Regions
7.6 HR & Payroll Market by Regions
7.7 Integrated Solutions Market by Regions
7.8 Others Market by Regions
8 . GLOBAL HR SAAS MARKET ANALYSIS BY INDUSTRY
8.1 Overview by Industry
8.2 Historical and Forecast Data
8.3 Analysis by Industry
8.4 IT and Telecom Market by Regions
8.5 Manufacturing Market by Regions
8.6 Healthcare Market by Regions
8.7 BFSI Market by Regions
8.8 Others Market by Regions
9 . GLOBAL HR SAAS MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America
9.3.1. Overview, Historic and Forecast Data
9.3.2. North America By Segment
9.3.3. North America By Country
9.3.4. United State
9.3.5. Canada
9.3.6. Mexico
9.4. Europe
9.4.1. Overview, Historic and Forecast Data
9.4.2. Europe by Segment
9.4.3. Europe by Country
9.4.4. United Kingdom
9.4.5. France
9.4.6. Germany
9.4.7. Italy
9.4.8. Russia
9.4.9. Rest Of Europe
9.5. Asia Pacific
9.5.1. Overview, Historic and Forecast Data
9.5.2. Asia Pacific by Segment
9.5.3. Asia Pacific by Country
9.5.4. China
9.5.5. India
9.5.6. Japan
9.5.7. South Korea
9.5.8. Australia
9.5.9. Rest Of Asia Pacific
9.6. Latin America
9.6.1. Overview, Historic and Forecast Data
9.6.2. Latin America by Segment
9.6.3. Latin America by Country
9.6.4. Brazil
9.6.5. Argentina
9.6.6. Peru
9.6.7. Chile
9.6.8. Rest of Latin America
9.7. Middle East & Africa
9.7.1. Overview, Historic and Forecast Data
9.7.2. Middle East & Africa by Segment
9.7.3. Middle East & Africa by Country
9.7.4. Saudi Arabia
9.7.5. UAE
9.7.6. Israel
9.7.7. South Africa
9.7.8. Rest Of Middle East And Africa
10 . COMPETITIVE LANDSCAPE OF THE HR SAAS COMPANIES
10.1. HR SaaS Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF HR SAAS INDUSTRY
11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Talentsoft SA
11.3.1. Company Overview
11.3.2. Financials
11.3.3. Products
11.3.4. Recent Developments
11.4. Cezanne HR Ltd.
11.4.1. Company Overview
11.4.2. Financials
11.4.3. Products
11.4.4. Recent Developments
11.5. CloudPay, Inc.
11.5.1. Company Overview
11.5.2. Financials
11.5.3. Products
11.5.4. Recent Developments
11.6. Oracle Corporation
11.6.1. Company Overview
11.6.2. Financials
11.6.3. Products
11.6.4. Recent Developments
11.7. Benrekia.com
11.7.1. Company Overview
11.7.2. Financials
11.7.3. Products
11.7.4. Recent Developments
11.8. SAP SE
11.8.1. Company Overview
11.8.2. Financials
11.8.3. Products
11.8.4. Recent Developments
11.9. Kronos, Inc.
11.9.1. Company Overview
11.9.2. Financials
11.9.3. Products
11.9.4. Recent Developments
11.10. Ceridian HCM, Inc.
11.10.1. Company Overview
11.10.2. Financials
11.10.3. Products
11.10.4. Recent Developments
11.11. ADP, LLC
11.11.1. Company Overview
11.11.2. Financials
11.11.3. Products
11.11.4. Recent Developments
11.12. Ascentis Corporation
11.12.1. Company Overview
11.12.2. Financials
11.12.3. Products
11.12.4. Recent Developments
11.13. The Ultimate Software Group, Inc.
11.13.1. Company Overview
11.13.2. Financials
11.13.3. Products
11.13.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Enterprise Size (USD MN)
- Small and Middle Enterprise Market by Geography (USD MN)
- Large Enterprises Market by Geography (USD MN)
- Analysis Market by Solution (USD MN)
- Time & Attendance Management Market by Geography (USD MN)
- Absence Management Market by Geography (USD MN)
- HR & Payroll Market by Geography (USD MN)
- Integrated Solutions Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Analysis by Industry (USD MN)
- IT and Telecom Market by Geography (USD MN)
- Manufacturing Market by Geography (USD MN)
- Healthcare Market by Geography (USD MN)
- BFSI Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global HR SaaS Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of HR SaaS Report
- Market Research Process
- Market Research Methodology
- Global HR SaaS Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Enterprise Size
- Market Attractiveness Analysis by Solution
- Market Attractiveness Analysis by Industry
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Enterprise Size (USD MN)
- Small and Middle Enterprise Market by Geography (USD MN)
- Large Enterprises Market by Geography (USD MN)
- Global Market Analysis by Solution (USD MN)
- Time & Attendance Management Market by Geography (USD MN)
- Absence Management Market by Geography (USD MN)
- HR & Payroll Market by Geography (USD MN)
- Integrated Solutions Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market Analysis by Industry (USD MN)
- IT and Telecom Market by Geography (USD MN)
- Manufacturing Market by Geography (USD MN)
- Healthcare Market by Geography (USD MN)
- BFSI Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments