Global Human Resource Professional Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Human Resource Professional Services Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global human resource professional services market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global human resource professional services market report has been segmented on the basis of type, deployment, application, service, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global human resource professional services market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Human resources professional’s functions are aligned with personnel and administration functions with Strategic planning and support organization to manage large workforce efficiently. There are diverse services provided by human resources professionals services such as, administration, labor law advisories, development, design, and training programs, employee relations, and company culture and employee engagement.
Increasing need of additional services for employment, employees, labor laws, payroll, and immigration law among various organizations across the globe is a key factor to drive growth of the global human resource professional services market during the forecast period.
Human resource services offers controlled costs of accounting, refocuses energy on revenue-generating tasks, better employee communication, efficient and responsive claims processing, up-to-date information on labor regulations and worker’s rights. This in turn is expected to attribute growth of the global human resource professional services market.
Increasing adoption of advanced technologies such as, analytics, computing, and internet of things (IoT) among various organizations for ease of human resource management expected to support growth of the target market in the near future. These technologies offer various services such as analysis of human resource data to provide insights into overall performance of retaining human resources, easy storage of data and data management, informative orientations, trainings, employee handbooks, minimized paperwork, and on-time and accurate payroll support.
In addition, rising trend towards optimization of human resource operational efficiency among various organizations is expected to advent growth of the global human resource professional services market.
However, rising security concerns of employee privacy associated with human resource management is a major factor expected to restraint growth of the global market. In addition, high cost associated with advanced human resource management tools is another factor expected to hamper growth of the global human resource professional services market to a certain extent.
The market in North America is expected to dominate the global market in terms of revenue, owing to early adoption of advanced technologies for human resource management in countries in the region. In addition, rising strategic partnerships and acquisitions for market expansion is another factor expected to support growth of the target market in the region. Market in Asia Pacific is expected to witness lucrative growth in terms of revenue, owing to increasing industrialization and need for efficient management of huge workforce among countries such as, India, China, and Japan is expected to support growth of the global market in Asia Pacific region. Europe market is expected to witness high growth in terms of revenue, owing to increasing need for efficient human resource management for optimization in operational cost among various industries.
Global Market Segmentation:
Global market segmentation, by type:
- Core Human Resource
- Talent Management
- Workforce Planning and Analytics
- Employee Collaboration and Engagement
- Others (Advisory, Law enforcements and many more)
Global market segmentation, by deployment:
Global market segmentation, by application:
- Telecom and Information Technology (IT)
- Banking, Financial Services and Insurance (BFSI)
- Automotive and Manufacturing
- Ecommerce and Retail
- Healthcare and Pharmaceutical
- Government and Private Enterprises
- Others (Food &Beverages, Utilities)
Global market segmentation, by service:
- Integration and Deployment
- Support and Maintenance
- Training and Consulting
Global market segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- ADP, Inc.
- Oracle Corporation
- Ultimate Software
- Workday, Inc.
- IBM Corporation
- Kronos, Inc.
- Skillsoft Corporation
- Cornerstone On Demand, Inc.
- Deloitte LLP
- Accenture plc.
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