Major companies operating in the core HR software market are :
ADP
Ceridian
Cornerstone ondemand
HIBOB
IBM
Oracle
Paycom
Paylocity
Personio
SAP
Sprout
UK
Visma
Workday
Zoho
Authors:
Preeti Wadhwani
Frequently Asked Questions (FAQ) :
The market size of core HR software reached USD 9.6 billion in 2022 and is set to register over 6.5% CAGR from 2023 to 2032, due to the increasing need for automation and efficiency in human resource management worldwide.
The large enterprises segment crossed USD 6 billion revenue in 2022, on account of its high applications in managing employee data, payroll, benefits, and compliance across multiple locations.
North America held over 35% of the market share in 2022, owing to the increasing investments in core HR software firms in the region.
ADP, Ceridian, Cornerstone ondemand, HIBOB, IBM, Oracle, Paycom, Paylocity, Personio, SAP, Sprout, UKG, Visma, Workday, and Zoho are some of the major core HR software companies worldwide.