Global Human Resource Management Market Size & Outlook
Global human resource management market, 2018-2030 (US$M)
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Global human resource management market highlights
- The global human resource management market generated a revenue of USD 24,254.5 million in 2023 and is expected to reach USD 56,154.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.7% by 2030.
- In terms of segment, software accounted for a revenue of USD 16,427.6 million in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 24,254.5 million |
| Market revenue in 2030 | USD 56,154.2 million |
| Growth rate | 12.7% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 34.4% of the global human resource management market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 1,771.4 million by 2030.
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Human Resource Management Market Scope
Human Resource Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global human resource management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to human resource management market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 67.73% in 2023. Horizon Databook has segmented the Global human resource management market based on software, service covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Human Resource Management Component Outlook (Revenue, USD Million, 2018-2030)
- Software
- Core HR
- Employee Collaboration & Engagement
- Recruiting
- Talent Management
- Workforce Planning & Analytics
- Others
- Service
- Integration & Deployment
- Support & Maintenance
- Training & Consulting
- Software
- Global Human Resource Management Deployment Outlook (Revenue, USD Million, 2018-2030)
- Hosted
- On-Premise
- Global Human Resource Management Enterprise-size Outlook (Revenue, USD Million, 2018-2030)
- Large Enterprise
- Small and Medium Enterprise
- Global Human Resource Management End Use Outlook (Revenue, USD Million, 2018-2030)
- Academia
- BFSI
- Government
- Healthcare
- IT & Telecom
- Manufacturing
- Retail
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global human resource management market , including forecasts for subscribers. This global databook contains high-level insights into Global human resource management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global human resource management market size, by regions, 2018-2030 (US$M)
Top 10 countries: Human resource management market size, 2023 (US$M)
Global human resource management market share, by component, 2023 & 2030 (%, US$M)
Human resource management market: Opportunity assessment by country
Global human resource management market, by region, 2023 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 5,219.0 | 5,626.5 | 6,122.3 | 6,748.1 | 7,481.9 | 8,331.8 | 9,308.1 | 10,403.8 | 11,619.8 | 13,018.6 | 14,656.6 | 16,451.5 | 18,482.4 | 12.1% |
| Europe | 3,674.6 | 3,959.6 | 4,284.2 | 4,677.0 | 5,129.8 | 5,652.3 | 6,257.9 | 6,968.6 | 7,765.7 | 8,644.2 | 9,618.3 | 10,744.0 | 11,986.0 | 11.3% |
| Asia Pacific | 2,802.7 | 3,124.8 | 3,500.8 | 3,958.2 | 4,492.2 | 5,112.9 | 5,834.0 | 6,668.8 | 7,672.6 | 8,826.7 | 10,135.9 | 11,645.3 | 13,386.4 | 14.7% |
| Latin America | 1,695.7 | 1,865.4 | 2,065.7 | 2,310.1 | 2,595.7 | 2,927.6 | 3,312.5 | 3,757.8 | 4,270.9 | 4,859.8 | 5,538.1 | 6,310.3 | 7,192.7 | 13.7% |
| MEA | 1,290.3 | 1,429.6 | 1,588.1 | 1,777.1 | 1,990.8 | 2,230.0 | 2,496.6 | 2,803.5 | 3,154.5 | 3,553.4 | 4,004.1 | 4,523.8 | 5,106.8 | 12.6% |
| Overall | 14,682.2 | 16,005.9 | 17,561.0 | 19,470.4 | 21,690.4 | 24,254.5 | 27,209.1 | 30,602.5 | 34,483.3 | 38,902.7 | 43,953.1 | 49,675.0 | 56,154.3 | 12.7% |
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