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Report Overview
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
North America Core HR Software Market Outlook
The North America core HR software market size reached nearly USD 3.47 billion in 2024. The market is projected to grow at a CAGR of 7.1% between 2025 and 2034, reaching almost USD 6.46 billion by 2034.
Key Takeaways
- Increasing cybersecurity risks posed by the emergence of remote work culture are expected to affect the market favourably.
- Core HR software can help organisations in recruiting a diverse and inclusive workforce.
- The integration of blockchain into core HR software is expected to emerge as one of the key market trends.
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Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
The increasing demand for human resources technology is positively influencing the North America core HR software market growth. This is because advanced software enables HR professionals to optimise their core functions and streamline time-consuming tasks. This provides organisations with an opportunity to improve their recruitment practices and develop new strategies for employee engagement and retention.
Organisations can also focus on minimising employee fatigue by integrating change management policies with HR technology platforms, thereby improving employee experience and management practices. This is expected to accelerate the North America core HR software market expansion in the forecast period.
Technological advancements are facilitating rapid changes in core HR software applications. With the integration of artificial intelligence and machine learning algorithms into the software, employee turnover has been significantly reduced by providing personalised strategies for individual learning and development to employees.
Workforce planning has become a relatively easier exercise with the help of data analytics tools, which is prompting an increase in the adoption of core HR software across the region. Over the forecast period, the increasing demand for technically qualified candidates in domains such as IT and finance is expected to drive the North America core HR software market development.
Employee well-being is taking centre stage in many human resource management policies. In the USA, nearly 88% of companies are expected to offer online resources for mental health support to their employees in 2024. This is expected to further boost the demand for innovative software solutions for human resource management practices in the coming years.
Market Segmentation
North America Core HR Software Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
- Software
- Services
Market Breakup by Type
- Learning Management
- Payroll and Compensation Management
- Personnel Management
- Pension Management
- Compliance Management
- Benefits and Claims Management
- Others
Market Breakup by Deployment
- Cloud
- On-Premises
Market Breakup by Enterprise Size
- Small and Medium-Size Enterprise
- Large Enterprise
Market Breakup by End User
- BFSI
- IT and Telecom
- Manufacturing
- Government
- Healthcare
- Energy and Utilities
- Consumer Goods and Retail
- Others
Market Breakup by Country
- United States of America
- Canada
The key North America core HR software market players are Ceridian HCM Holding, Inc., Oracle Corp., SAP SE., Automatic Data Processing, Inc., UKG Inc., Paychex Holdings, LLC., Paylocity Corporation, ZenPayroll, Inc., (Gusto), Workday Inc., and Zoho Corporation Pvt. Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
|
| Breakup by Type |
|
| Breakup by Deployment |
|
| Breakup by Enterprise Size |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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North America Core HR Software Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at nearly USD 3.47 billion in 2024.
The market is projected to grow at a CAGR of 7.1% between 2025 and 2034.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 6.46 billion in 2034.
The different enterprise sizes in the market include small and medium-size enterprises and large enterprises.
The major end users of core HR software include BFSI, IT and telecom, manufacturing, government, healthcare, energy and utilities, and consumer goods and retail, among others.
The different deployments considered in the market report are cloud and on-premises.
The major countries in the market include the United States of America and Canada.
The key market players are Ceridian HCM Holding, Inc., Oracle Corp., SAP SE., Automatic Data Processing, Inc., UKG Inc., Paychex Holdings, LLC., Paylocity Corporation, ZenPayroll, Inc., (Gusto), Workday Inc., and Zoho Corporation Pvt. Ltd., among others.
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