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Oct 10, 2019 10:00 PM ET

Human Resource Management Market Upcoming Challenges, Opportunities and Forecast from 2019-2025 | Top Key Players Netsuite Incorporation, JD Edwards, Oracle, SAP and IBM Corporation




iCrowd Newswire - Oct 10, 2019

The Human Resource Management Market is expected to grow at a CAGR of 10% to reach USD 28.9 billion by 2025.

Human Resource Management is a planned approach towards managing people for effective performance. HRM plays an essential role in business growth, performance and productivity since the HR department is no longer restricted to back-end functions. The process includes employing people, training, compensating, developing company work policies and framing strategies to retain employees. The growing acceptance of predictive analytics in HR processes coupled with advancements in information technology drives human resource management (HRM) market growth. The industry will undergo a drastic transformation in the next six to seven years. Advancements such as conversational platforms, virtual & augmented reality are likely to establish healthy platform for market development. However, the lack of skilled professionals and the high cost will hamper the industry growth to some extent.

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The scope of this report covers the market by its major segments, which include as follows:

HUMAN RESOURCE MANAGEMENT MARKET, BY SOFTWARE

HUMAN RESOURCE MANAGEMENT MARKET, BY SERVICES

HUMAN RESOURCE MANAGEMENT MARKET, BY END-USE

HUMAN RESOURCE MANAGEMENT MARKET, BY REGION

 



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Keywords:    Human Resource Management market Players, Human Resource Management market Share, Human Resource Management market analysis, Human Resource Management trends

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