HRM Market Size, Trends, Growth, Share, Opportunities and Forecast by 2024 | Key Industry Players SAP SE, Talentsoft, Ultimate Software

According to a report by Grand View Research, Inc., global human resource management (HRM) market is predicted to value USD 30.0 billion by 2025. Growing requirement to manage human resources in a way that it can support organizational growth is anticipated to propel demand for human resource management. HRM is likely to support professionals to execute conventional human resource (HR) activities in reduced time period. In addition, it can allow them to focus on hiring right candidates, aligning organizational strategies with individual goals, retaining human capital to boost organizational growth.

High demand for strategic recruitment solutions to hire potential employees in organizations can influence growth of market. Continual technological advancements in the field of machine learning, artificial intelligence (AI), and big data analytics can fuel market growth. Increasing use of advanced human capital management platforms over conventional recruitment methods can augment growth of market during the forecast period (2014 to 2025).  

                        

The human resource management market can be segregated on the basis of software, service, deployment, enterprise, end-use, and region. Based on software, the market can be categorized into recruiting, talent management, core HR, workforce planning & analytics, employee collaboration & engagement and others. In 2016, core HR software segment accounted for major market share attributed to high demand for automation of various HR functions.

Browse Research Report on HRM Market:

www.grandviewresearch.com/industry-analysis/human-resource-management-hrm-market

Based on service, the market can be classified into support & maintenance, integration & deployment, training & consulting. In 2016, integration and deployment segment dominated the market and accounted for market share equivalent to USD 1.5 billion.

Based on deployment, the market can be bifurcated into on premise, and hosted. On premise HR solutions segment dominated the market when internet was not affordable and easily available. At that time, most organizations adopted on premise HR solutions for possible developments. In addition, such HR solutions can offer feasible options for radical customization of software.

On the contrary, host HR solutions segment is predicted to witness significant growth during the forecast period attributed to easy availability of internet services at affordable prices. In 2016, this segment accounted for market share equivalent to USD 4.4 billion.

Based on enterprise, the market can be split into small & medium enterprise and large enterprise. In 2016, small and medium enterprises (SMEs) segment accounted for market share equivalent to USD 4.8 billion and is likely to grow at highest CAGR during the forecast period. Multiple SMEs are expected to implement HR solutions to reduce administrative work and allow employees to concentrate on organizational development.

In addition, significant number of large enterprises are also expected to implement HR solutions to manage huge database.

Based on end-use, the market can be segmented into government, healthcare, IT & telecom, manufacturing, retail, BFSI, and others. Growing demand for retail, healthcare, and IT & telecom sectors is likely to stimulate market growth. Increasing use of automated systems to recruit candidates according to their job profiles and organization structure can fuel demand for advanced HR solutions. Such solutions in employee management, performance management, workforce planning are expected to revolutionize IT & telecom sector. In 2016, IT & telecom segment accounted for market share equivalent to USD 2.4 billion.

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA). In 2016, Asia pacific accounted for market share equivalent to USD 2.3 billion and is likely to grow at phenomenal rate during the forecast period. High prevalence of emerging economies such as India, China, and South Korea are anticipated to propel growth of market in the region. In addition, rising government initiatives promoting digitization of business processes and adoption of cloud based systems can also influence market growth.

In North America, the market is estimated to witness significant growth during the forecast period. Prevalence of large number of HR solution providers can augment growth of market in the region.

Some of the leading companies offering human resource management are Ultimate Software; Oracle Corporation; ADP LLC; Workday, Inc.; Kronos, Inc.; and SAP SE. Most companies are likely to adopt strategic initiatives such as new product development and mergers & acquisitions to maintain their market value.

View more reports of this category by Grand View Research at

www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the human resource management market based on software, service, deployment, enterprise size, end use, and region:

Human Resource Management Software Outlook (Revenue, USD Million, 2014 - 2025)

• Core HR
• Employee Collaboration & Engagement
• Recruiting
• Talent Management
• Workforce Planning & Analytics
• Others

Human Resource Management Service Outlook (Revenue, USD Million, 2014 - 2025)

• Integration & Deployment
• Support & Maintenance
• Training & Consulting

Human Resource Management Deployment Outlook (Revenue, USD Million, 2014 - 2025)

• Hosted
• On-premise

Human Resource Management Enterprise Outlook (Revenue, USD Million, 2014 - 2025)

• Large Enterprise
• Small & Medium Enterprise

Human Resource Management End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Academia
• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Human Resource Management Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • U.S.
  • Canada
• Europe
  • France 
  • Germany
  • U.K.
• Asia Pacific
• Latin America
  • Brazil
• Middle East & Africa

View press release of this research report by Grand View Research:

www.grandviewresearch.com/press-release/global-human-resource-management-hrm-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.

For more information: www.grandviewresearch.com

Human Growth Hormone Market Growth, Share, Opportunities and Forecast by 2025 | Key Industry Players Ipsen, Ferring Pharmaceuticals

According to a report published by Grand View Research, Inc.; the human growth hormone (hGH) market is likely to reach a valuation of around USD 7.1 billion by 2025.

Strong pipeline, and growing adoption and affordability of hormone therapy in the developing countries can propel the market during the forecast period (2014 to 2025).

Increasing cases of pituitary dysfunction, wide range of growth hormone (GH) application and growing awareness regarding the effectiveness of GH in short stature are the important factor to drive the market growth in the coming years. The hGH therapy is highly recommended for advanced age symptoms. The hGH is anabolic, since it helps to accelerate protein synthesis and breakdown of fat. Therefore, athletes involved in sport or strength demanding activities are expected to boost the use of hGH due to its anabolic effects. Now a day, it’s a very common practice among the sportspersons to use combination of GH and anabolic steroids for the benefits. The adult growth hormone deficiency (AGHD) is increasing due to many conditions like pituitary tumors, neuromuscular, neuropsychiatric-cognitive, cardiovascular, metabolic abnormalities, and skeletal abnormalities. Hormone growth therapy is being effective in most of these conditions.

Browse Research Report on Human Growth Hormone Market:

www.grandviewresearch.com/industry-analysis/human-growth-hormone-drugs-market

 Moreover, growing demand for hGH due to increasing growth hormone deficiency diseases and technological developments such as recombinant DNA technology is expected to bolster the market growth in the coming years. The use of growth hormone therapy is permitted in several countries for conditions including chronic renal insufficiency, Down syndrome, Noonan syndrome, skeletal dysplasia, SHOX gene haploinsufficiency, and Creutzfeldt-Jakob disease. This will also have expected to drive the market growth.

Worldwide human growth hormone (hGH) market can be segmented on the basis of application and region.

As per application, the market can be bifurcated into growth hormone deficiency, idiopathic short stature, turner syndrome, small for gestational age, prader-willi syndrome, and others. Growth hormone deficiency segment captured the major share in 2016 and likely to maintain same trend during the forecast period.

In 2016, turner syndrome segment estimated for the second largest share owing to their capability to treat late physical and sexual development. The segment captured the largest market share due to existence of large number of patient pool and effectivity of growth hormone for treating the turner’s syndrome. The U.S. FDA permitted hGH as standard treatment for turner syndrome in 1996.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

In 2016, North America estimated for the largest market share close to 48.0%. and likely to retain its position over the forecast period. Factors such strong pipeline of hGH, availability of hormonal therapy at affordable price, availability of established healthcare infrastructure, commercialization of GH by the U.S.FDA, and existence of major market players can boost the market growth in the region.

Asia Pacific is likely to show significant growth during the forecast period. Factors such as growing expenditure for healthcare, growing investments by companies, and presence of large patient pool, and growing awareness regarding the therapy for short stature can spur the market growth in the region. The demand for GH is increasing in the developing countries.  The countries such as Australia, Japan, India, and China, are the leading contributors in the region. In 2016, Japan estimated for the largest share in the region owing to high cost of the GH and existence of local market participants.

Prominent players operating in the market include Genentech, Inc., Novo Nordisk, Pfizer, Inc.; Merck & Co., Inc.; Eli Lilly and Company, and Pfizer, Inc.

Technological progressions such as development of recombinant human growth hormone (rhGH) by the market participants is also expected to fuel the market growth in the coming years. Various companies are making high investments in research and development of long-acting therapy with less side effects. In addition, companies ate growing their expenditure for expanding their manufacturing capacities. Players are also following strategies like partnerships and collaborations to increase share in the market.

View more reports of this category by Grand View Research at

www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the global human growth hormone market on the basis of application and region:

Application Outlook (Revenue, USD Million, 2014 - 2025)

• Growth Hormone Deficiency
• Turner Syndrome
• Idiopathic Short Stature
• Prader-Willi Syndrome
• Small for Gestational Age
• Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa

View press release of this research report by Grand View Research:

www.grandviewresearch.com/press-release/global-human-growth-hormone-hgh-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.

For more information: www.grandviewresearch.com