The global HR professional services market size is expected to reach USD 7.47 billion by 2025 at a 12.4% CAGR during the forecast period, according to a new study by Radiant Insights, Inc. Increasing demand for human resource (HR) processes and need to manage remote teams due to ongoing workplace transformation are creating demand for HR professional services.
Growing awareness among enterprises regarding benefits of advanced Human Resource Management (HRM) services, particularly HR professional services, is playing a key role in improving employee retention and promoting satisfactory work-life balance.
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Advancements in the field of big data analytics and Artificial Intelligence (AI) over the last decade have prompted numerous organizations to integrate these technologies into their business processes. Adoption of these advanced technologies aids organizations in gaining tactical conclusions regarding future market trends by analyzing HR data.
Automation of HR operations enables a reduction in workload of HR personnel. This further offers them sufficient time to invest in strategic decision-making. Moreover, use of predictive analytics in crucial processes such as talent management, succession planning, and career management makes management tasks easy. Benefits such as improved performance and ease of upgrading technology are expected to lead to extensive adoption of hosted HR professional services.
Further key findings from the study suggest:
• By type, the core HR segment generated the highest revenue in 2017 and is expected to exhibit a CAGR of 11.7% over the forecast period. This is attributed to growing use of business analytics and artificial intelligence in HR professional services to enhance workflow, increase productivity, and offer employee work-life balance
• The talent management segment is estimated to expand at the highest CAGR over the forecast period. This can be attributed to rising need to guarantee employee retention by managing career and succession planning, and also by managing workforce and employee benefits
• By deployment, on-premise is expected to remain the most adopted method of deployment of HR professional services and the segment is expected to register a CAGR of 9.7% over the forecast period
• The hosted deployment segment is anticipated to expand at the highest CAGR of 15.6% over the forecast period
• On the basis of end use, the IT and telecom and retail segments are expected to exhibit strong growth as enterprises aim to reduce their efforts on manually carrying out HR operations such as conducting appraisals, performance evaluation, and providing feedbacks
• North America is expected to dominate the market over the forecast period and valued USD 1.08 billion in 2017 owing to presence of a large number of leading HR professional services providers in the region
• ADP, Inc.; Oracle Corporation; SAP SE; Ultimate Software; Workday, Inc.; IBM Corporation; Kronos, Inc.; Skillsoft; and Cornerstone On Demand, Inc. are some of the key players in the HR professional services market.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/human-resource-hr-professional-services-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 HR Professional Services Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 Global HR Professional Services Market, 2014 - 2025 (USD Million)
2.2.1 Global HR professional services market, by region, 2014 - 2025
2.2.2 Global HR professional services market, by type, 2014 - 2025
2.2.3 Global HR professional services market, by deployment, 2014 - 2025
2.2.4 Global HR professional services market, by enterprise size, 2014 - 2025
2.2.5 Global HR professional services market, by end use, 2014 - 2025
Chapter 3 HR Professional Services Industry Outlook
3.1 Market Segmentation
3.2 Market Size & Growth Prospects
3.3 HR Professional Services Market - Value Chain Analysis
3.3.1 Vendor landscape
3.4 HR Professional Services Market - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing demand for automation of HR processes
3.4.1.2 Growing application of big data analytics and mobile technology in HR professional services
3.4.1.3 Need to manage remote teams due to ongoing workplace transformation
3.4.2 Market challenges analysis
3.4.2.1 Reluctance toward the adoption of new HR solutions
3.5 Penetration and Growth Prospect Mapping
3.6 HR Professional Services Market - Company Market Share Analysis, 2017
3.7 HR Professional Services Market - Porter's Five Forces Analysis
3.8 HR Professional Services Market - PESTEL Analysis
3.9 HR Professional Services Market - Evolution Analysis
Chapter 4 HR Professional Services Type Outlook
4.1 HR Professional Services Market Share By Type, 2017
4.2 Core HR
4.2.1 Core HR services market, 2014 - 2025
4.3 Employee Collaboration & Engagement
4.3.1 Employee collaboration & engagement services market, 2014 - 2025
4.4 Recruiting
4.4.1 Recruiting services market, 2014 - 2025
4.5 Talent Management
4.5.1 Talent management services market, 2014 - 2025
4.6 Workforce Planning & Analytics
4.6.1 Workforce planning & analytics services market, 2014 - 2025
4.7 Others
4.7.1 Other HR professional services market, 2014 - 2025
Chapter 5 HR Professional Services Deployment Outlook
5.1 HR Professional Services Market Share By Deployment, 2017
5.2 Hosted
5.2.1 Hosted HR professional services market, 2014 - 2025
5.3 On-premise
5.3.1 On-premise HR professional services market, 2014 - 2025
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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Growing awareness among enterprises regarding benefits of advanced Human Resource Management (HRM) services, particularly HR professional services, is playing a key role in improving employee retention and promoting satisfactory work-life balance.
Download Free Sample Report @ https://www.radiantinsights.com/research/human-resource-hr-professional-services-market/request-sample
 |
| Human Resource (HR) Professional Services Market |
Advancements in the field of big data analytics and Artificial Intelligence (AI) over the last decade have prompted numerous organizations to integrate these technologies into their business processes. Adoption of these advanced technologies aids organizations in gaining tactical conclusions regarding future market trends by analyzing HR data.
Automation of HR operations enables a reduction in workload of HR personnel. This further offers them sufficient time to invest in strategic decision-making. Moreover, use of predictive analytics in crucial processes such as talent management, succession planning, and career management makes management tasks easy. Benefits such as improved performance and ease of upgrading technology are expected to lead to extensive adoption of hosted HR professional services.
Further key findings from the study suggest:
• By type, the core HR segment generated the highest revenue in 2017 and is expected to exhibit a CAGR of 11.7% over the forecast period. This is attributed to growing use of business analytics and artificial intelligence in HR professional services to enhance workflow, increase productivity, and offer employee work-life balance
• The talent management segment is estimated to expand at the highest CAGR over the forecast period. This can be attributed to rising need to guarantee employee retention by managing career and succession planning, and also by managing workforce and employee benefits
• By deployment, on-premise is expected to remain the most adopted method of deployment of HR professional services and the segment is expected to register a CAGR of 9.7% over the forecast period
• The hosted deployment segment is anticipated to expand at the highest CAGR of 15.6% over the forecast period
• On the basis of end use, the IT and telecom and retail segments are expected to exhibit strong growth as enterprises aim to reduce their efforts on manually carrying out HR operations such as conducting appraisals, performance evaluation, and providing feedbacks
• North America is expected to dominate the market over the forecast period and valued USD 1.08 billion in 2017 owing to presence of a large number of leading HR professional services providers in the region
• ADP, Inc.; Oracle Corporation; SAP SE; Ultimate Software; Workday, Inc.; IBM Corporation; Kronos, Inc.; Skillsoft; and Cornerstone On Demand, Inc. are some of the key players in the HR professional services market.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/human-resource-hr-professional-services-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 HR Professional Services Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 Global HR Professional Services Market, 2014 - 2025 (USD Million)
2.2.1 Global HR professional services market, by region, 2014 - 2025
2.2.2 Global HR professional services market, by type, 2014 - 2025
2.2.3 Global HR professional services market, by deployment, 2014 - 2025
2.2.4 Global HR professional services market, by enterprise size, 2014 - 2025
2.2.5 Global HR professional services market, by end use, 2014 - 2025
Chapter 3 HR Professional Services Industry Outlook
3.1 Market Segmentation
3.2 Market Size & Growth Prospects
3.3 HR Professional Services Market - Value Chain Analysis
3.3.1 Vendor landscape
3.4 HR Professional Services Market - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing demand for automation of HR processes
3.4.1.2 Growing application of big data analytics and mobile technology in HR professional services
3.4.1.3 Need to manage remote teams due to ongoing workplace transformation
3.4.2 Market challenges analysis
3.4.2.1 Reluctance toward the adoption of new HR solutions
3.5 Penetration and Growth Prospect Mapping
3.6 HR Professional Services Market - Company Market Share Analysis, 2017
3.7 HR Professional Services Market - Porter's Five Forces Analysis
3.8 HR Professional Services Market - PESTEL Analysis
3.9 HR Professional Services Market - Evolution Analysis
Chapter 4 HR Professional Services Type Outlook
4.1 HR Professional Services Market Share By Type, 2017
4.2 Core HR
4.2.1 Core HR services market, 2014 - 2025
4.3 Employee Collaboration & Engagement
4.3.1 Employee collaboration & engagement services market, 2014 - 2025
4.4 Recruiting
4.4.1 Recruiting services market, 2014 - 2025
4.5 Talent Management
4.5.1 Talent management services market, 2014 - 2025
4.6 Workforce Planning & Analytics
4.6.1 Workforce planning & analytics services market, 2014 - 2025
4.7 Others
4.7.1 Other HR professional services market, 2014 - 2025
Chapter 5 HR Professional Services Deployment Outlook
5.1 HR Professional Services Market Share By Deployment, 2017
5.2 Hosted
5.2.1 Hosted HR professional services market, 2014 - 2025
5.3 On-premise
5.3.1 On-premise HR professional services market, 2014 - 2025
Read all Reports of this category @ https://www.radiantinsights.com/catalog/media
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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