North America Core HR Software Market Report and Forecast 2025-2034
Market Report I 2025-06-05 I 133 Pages I EMR Inc.
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 7.10% between 2025 and 2034, reaching almost USD 6.89 Billion by 2034.
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.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Core HR Software Market Overview
5.1 Key Industry Highlights
5.2 Global Core HR Software Historical Market (2018-2024)
5.3 Global Core HR Software Market Forecast (2025-2034)
5.4 Global Core HR Software Market Share by Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 North America Core HR Software Market Overview
6.1 Key Industry Highlights
6.2 North America Core HR Software Historical Market (2018-2024)
6.3 North America Core HR Software Market Forecast (2025-2034)
7 North America Core HR Software Market by Component
7.1 Software
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Services
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
8 North America Core HR Software Market by Type
8.1 Learning Management
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Payroll and Compensation Management
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Personnel Management
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Pension Management
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Compliance Management
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Benefits and Claims Management
8.6.1 Historical Trend (2018-2024)
8.6.2 Forecast Trend (2025-2034)
8.7 Others
9 North America Core HR Software Market by Deployment
9.1 Cloud
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 On-Premises
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 North America Core HR Software Market by Enterprise Size
10.1 Small and Medium-Size Enterprise
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Large Enterprise
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
11 North America Core HR Software Market by End User
11.1 BFSI
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 IT and Telecom
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
11.3 Manufacturing
11.3.1 Historical Trend (2018-2024)
11.3.2 Forecast Trend (2025-2034)
11.4 Government
11.4.1 Historical Trend (2018-2024)
11.4.2 Forecast Trend (2025-2034)
11.5 Healthcare
11.5.1 Historical Trend (2018-2024)
11.5.2 Forecast Trend (2025-2034)
11.6 Energy and Utilities
11.6.1 Historical Trend (2018-2024)
11.6.2 Forecast Trend (2025-2034)
11.7 Consumer Goods and Retail
11.7.1 Historical Trend (2018-2024)
11.7.2 Forecast Trend (2025-2034)
11.8 Energy and Utilities
11.8.1 Historical Trend (2018-2024)
11.8.2 Forecast Trend (2025-2034)
11.9 Others
12 North America Core HR Software Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2024)
12.1.2 Forecast Trend (2025-2034)
12.2 Canada
12.2.1 Historical Trend (2018-2024)
12.2.2 Forecast Trend (2025-2034)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Supplier Selection
14.2 Key Global Players
14.3 Key Regional Players
14.4 Key Player Strategies
14.5 Company Profiles
14.5.1 Ceridian HCM Holding, Inc.
14.5.1.1 Company Overview
14.5.1.2 Product Portfolio
14.5.1.3 Demographic Reach and Achievements
14.5.1.4 Certifications
14.5.2 Oracle Corp.
14.5.2.1 Company Overview
14.5.2.2 Product Portfolio
14.5.2.3 Demographic Reach and Achievements
14.5.2.4 Certifications
14.5.3 SAP SE.
14.5.3.1 Company Overview
14.5.3.2 Product Portfolio
14.5.3.3 Demographic Reach and Achievements
14.5.3.4 Certifications
14.5.4 Automatic Data Processing, Inc.
14.5.4.1 Company Overview
14.5.4.2 Product Portfolio
14.5.4.3 Demographic Reach and Achievements
14.5.4.4 Certifications
14.5.5 UKG Inc.
14.5.5.1 Company Overview
14.5.5.2 Product Portfolio
14.5.5.3 Demographic Reach and Achievements
14.5.5.4 Certifications
14.5.6 Paychex Holdings, LLC.
14.5.6.1 Company Overview
14.5.6.2 Product Portfolio
14.5.6.3 Demographic Reach and Achievements
14.5.6.4 Certifications
14.5.7 Paylocity Corporation
14.5.7.1 Company Overview
14.5.7.2 Product Portfolio
14.5.7.3 Demographic Reach and Achievements
14.5.7.4 Certifications
14.5.8 ZenPayroll, Inc., (Gusto)
14.5.8.1 Company Overview
14.5.8.2 Product Portfolio
14.5.8.3 Demographic Reach and Achievements
14.5.8.4 Certifications
14.5.9 Workday Inc.
14.5.9.1 Company Overview
14.5.9.2 Product Portfolio
14.5.9.3 Demographic Reach and Achievements
14.5.9.4 Certifications
14.5.10 Zoho Corporation Pvt. Ltd.
14.5.10.1 Company Overview
14.5.10.2 Product Portfolio
14.5.10.3 Demographic Reach and Achievements
14.5.10.4 Certifications
14.5.11 Others
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