Core HR Software Global Market Report 2025

Description

Core HR software is a human resource (HR) management system that provides essential functionality for managing fundamental HR tasks and processes within an organization. This software is used to streamline HR processes, improve efficiency, and enhance the employee experience within an organization.

The main types of components in core HR software are services and software. Services refer to intangible products or actions that are provided to customers in exchange for payment. It includes deployments in the cloud and on-premises also used in various organizational sizes, such as large enterprises and small and middle enterprises, and end users are government, energy and utilities, manufacturing, consumer goods and retail, transportation and logistics, healthcare, telecom and information components, banking, financial services, and insurance.

The core HR software market size has grown strongly in recent years. It will grow from $19.45 billion in 2024 to $21.03 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to automation and efficiency, globalization and scalability, employee experience enhancement, data-driven decision making, integration with other systems.

The core HR software market size is expected to see strong growth in the next few years. It will grow to $28.8 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to remote work enablement, employee well-being focus, agile HR practices, diversity, equity and inclusion. Major trends in the forecast period include flexible workforce models, remote work solutions, focus on employee experience, agile HR practices and flexibility, continuous learning and development.

The rising acceleration of remote work is expected to propel the growth of the core HR software market going forward. Remote work practices refer to the strategies, methodologies, and guidelines employed by organizations and individuals to conduct work outside of a traditional office environment effectively. Core HR software primarily leverages remote work by providing essential HR tools and functionalities that enable organizations to effectively manage their workforce, ensure compliance, and foster communication and collaboration among remote employees. For instance, in June 2023, according to reports published by Forbes Media LLC, a US-based publication company, around 12.7% of full-time employees worked from home, while 28.2% used a hybrid model in the US, and it is expected to reach 32.6 million by 2025. Therefore, the rising acceleration of remote work is driving the growth of the core HR software market.

Major companies operating in the core HR software market are adopting a strategic partnership approach to better align their HR initiatives with the organization's overarching goals and drive business success. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in May 2023, Personio, a Germany-based developer of human resource management and recruitment platforms, partnered with Mastercard Inc., a US-based payment technology corporation. This partnership aims to drive HR digitalization across SMEs, reflecting Personio's commitment to supporting the unique needs of HR professionals and businesses seeking to optimize their core HR operations. Integrating Personio with various platforms further enhances its offering, allowing for seamless and efficient user experiences and data synchronization. This partnership aligns with the broader trend of accelerating the digitalization of traditional HR processes.

In June 2022, BCS HR Software, a Netherlands-based cloud-based company that provides HR and payroll software solutions, acquired Apployed for an undisclosed amount. With this acquisition, BCS HR Software aims to expand its reach, offer a broader product range, and strengthen its technology, making it a more competitive HR software market. Apployed is a Netherlands-based provider of HR software solutions, including core HR, payroll, time registration, and workflow management.

Major companies operating in the core HR software market are International Business Machine Corporation, Oracle Corporation, SAP SE, ADP LLC (Automatic Data Processing), Workday Inc., Paychex Inc., Sage Group plc, Kronos Incorporated, Paycom Software Inc., Ceridian HCM Holding Inc., Paylocity Holding Corporation, Cornerstone OnDemand Inc., Gusto Inc., Paycor Inc., ClearCompany Inc., Zenefits Inc., Saba Software Inc., Ultimate Software (now part of UKG - Ultimate Kronos Group), iCIMS Inc., SumTotal Sumtotal Systems LLC, Lumesse Ltd., BambooHR LLC, PeopleFluent Ltd., SilkRoad Technology Inc., Greenhouse Software Inc.

North America was the largest region in the core HR software market in 2024. The regions covered in the core HR software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the core HR software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The core HR software market includes revenues earned by entities by providing services such as payroll processing, employee self-service recruitment and onboarding, leave management, attendance tracking, and employee information management. The market value includes the value of related goods sold by the service provider or included within the service offering. The core HR software market consists of sales of products such as time and attendance tracking tools and performance management tools. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Core HR Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on core hr software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for core hr software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The core hr software market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Component: Services; Software
2) By Deployment: Cloud; On-Premises
3) By Organization Size: Large Enterprises; Small And Middle Enterprises
4) By Verticals: Government; Energy And Utilities; Manufacturing; Consumer Goods And Retail; Transportation And Logistics; Healthcare; Telecom And Information Component; Banking, Financial Services, And Insurance
Subsegments:
1) By Services: Consulting Services; Implementation Services; Training And Support Services; Maintenance And Upgrade Services
2) By Software: Payroll Management Software; Recruitment Software; Employee Management Software; Performance Management Software; Time And Attendance Management Software
Companies Mentioned: International Business Machine Corporation; Oracle Corporation; SAP SE; ADP LLC (Automatic Data Processing); Workday Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r27786

1. Executive Summary

2. Core HR Software Market Characteristics

3. Core HR Software Market Trends And Strategies

4. Core HR Software Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market

5. Global Core HR Software Growth Analysis And Strategic Analysis Framework

5.1. Global Core HR Software PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Core HR Software Market Growth Rate Analysis
5.4. Global Core HR Software Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Core HR Software Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Core HR Software Total Addressable Market (TAM)

6. Core HR Software Market Segmentation

6.1. Global Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Services
Software
6.2. Global Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Cloud
On-Premises
6.3. Global Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Large Enterprises
Small And Middle Enterprises
6.4. Global Core HR Software Market, Segmentation By Verticals, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Government
Energy And Utilities
Manufacturing
Consumer Goods And Retail
Transportation And Logistics
Healthcare
Telecom And Information Component
Banking, Financial Services, And Insurance
6.5. Global Core HR Software Market, Sub-Segmentation Of Services, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Consulting Services
Implementation Services
Training And Support Services
Maintenance And Upgrade Services
6.6. Global Core HR Software Market, Sub-Segmentation Of Software, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Payroll Management Software
Recruitment Software
Employee Management Software
Performance Management Software
Time And Attendance Management Software

7. Core HR Software Market Regional And Country Analysis

7.1. Global Core HR Software Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Core HR Software Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Core HR Software Market

8.1. Asia-Pacific Core HR Software Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Core HR Software Market

9.1. China Core HR Software Market Overview
9.2. China Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Core HR Software Market

10.1. India Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Core HR Software Market

11.1. Japan Core HR Software Market Overview
11.2. Japan Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Core HR Software Market

12.1. Australia Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Core HR Software Market

13.1. Indonesia Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Core HR Software Market

14.1. South Korea Core HR Software Market Overview
14.2. South Korea Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Core HR Software Market

15.1. Western Europe Core HR Software Market Overview
15.2. Western Europe Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Core HR Software Market

16.1. UK Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Core HR Software Market

17.1. Germany Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Core HR Software Market

18.1. France Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Core HR Software Market

19.1. Italy Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Core HR Software Market

20.1. Spain Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Core HR Software Market

21.1. Eastern Europe Core HR Software Market Overview
21.2. Eastern Europe Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Core HR Software Market

22.1. Russia Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Core HR Software Market

23.1. North America Core HR Software Market Overview
23.2. North America Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Core HR Software Market

24.1. USA Core HR Software Market Overview
24.2. USA Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Core HR Software Market

25.1. Canada Core HR Software Market Overview
25.2. Canada Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Core HR Software Market

26.1. South America Core HR Software Market Overview
26.2. South America Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Core HR Software Market

27.1. Brazil Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Core HR Software Market

28.1. Middle East Core HR Software Market Overview
28.2. Middle East Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Core HR Software Market

29.1. Africa Core HR Software Market Overview
29.2. Africa Core HR Software Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Core HR Software Market, Segmentation By Deployment, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Core HR Software Market, Segmentation By Organization Size, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Core HR Software Market Competitive Landscape And Company Profiles

30.1. Core HR Software Market Competitive Landscape
30.2. Core HR Software Market Company Profiles
- 30.2.1. International Business Machine Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Oracle Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. SAP SE Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. ADP LLC (Automatic Data Processing) Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Workday Inc. Overview, Products and Services, Strategy and Financial Analysis

31. Core HR Software Market Other Major And Innovative Companies

31.1. Paychex Inc.
31.2. Sage Group plc
31.3. Kronos Incorporated
31.4. Paycom Software Inc.
31.5. Ceridian HCM Holding Inc.
31.6. Paylocity Holding Corporation
31.7. Cornerstone OnDemand Inc.
31.8. Gusto Inc.
31.9. Paycor Inc.
31.10. ClearCompany Inc.
31.11. Zenefits Inc.
31.12. Saba Software Inc.
31.13. Ultimate Software (now part of UKG - Ultimate Kronos Group)
31.14. iCIMS Inc.
31.15. SumTotal Sumtotal Systems LLC

32. Global Core HR Software Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Core HR Software Market

34. Recent Developments In The Core HR Software Market

35. Core HR Software Market High Potential Countries, Segments and Strategies

35.1 Core HR Software Market In 2029 - Countries Offering Most New Opportunities
35.2 Core HR Software Market In 2029 - Segments Offering Most New Opportunities
35.3 Core HR Software Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer