According to Cognitive Market Research, the global Human Resource Software market size is USD 16258.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 10.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 6503.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 4877.46 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3739.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 812.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
Middle East and Africa held the market of around 2% of the global revenue with a market size of USD 325.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
The Benefits and Claims Management held the highest Human Resource Software market revenue share in 2024.
