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HRMS & HCM Software Market to Reach $24 Billion by 2030: Valuates Report Reveals Key Growth Drivers and Trends | Valuates Reports

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BANGALORE, India, Feb. 13, 2025 /PRNewswire/ — HRMS & HCM Software Market is Segmented by Type (Cloud Based, On Premises), by Application (Large Enterprises, SMEs)

The Global market for HRMS & HCM Software in Large Enterprises is estimated to increase from USD 14.88 Billion in 2024 to USD 24.08 Billion by 2030, at a CAGR of 8.36% during the forecast period of 2024 through 2030.

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Major Factors Driving the Growth of HRMS & HCM Software Market:

The HRMS & HCM Software Market is poised for robust expansion as organizations increasingly adopt digital solutions to streamline human resource management. The market is characterised by a wide range of products that offer comprehensive functionalities—from payroll and benefits administration to talent management and employee engagement. Enhanced automation, data integration, and user-centric design have made these systems indispensable for businesses seeking to optimize operational efficiency and support strategic decision-making. As companies worldwide embrace digital transformation and workforce management best practices, demand for advanced HRMS and HCM solutions continues to rise. The combined effects of cost efficiency, improved employee engagement, and compliance with regulatory standards ensure sustained market growth and long-term viability in an evolving business landscape.

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TRENDS INFLUENCING THE GROWTH OF THE HRMS & HCM SOFTWARE MARKET:

Cloud-based HRMS and HCM solutions drive the market by offering scalable, flexible, and accessible platforms that manage employee data and human capital processes seamlessly. These cloud platforms allow organizations to deploy advanced HR functions without significant upfront infrastructure costs. By centralizing data in the cloud, businesses benefit from real-time analytics, streamlined payroll, recruitment, and performance management processes that enhance decision-making. The cloud’s accessibility enables HR teams to collaborate remotely and update employee records instantaneously, ensuring accuracy and regulatory compliance. This ease of access and continuous service availability significantly reduce operational disruptions while improving overall workforce management. As companies increasingly adopt digital transformation strategies, the demand for cloud-based HRMS and HCM systems continues to rise, propelling market growth.

On-premises HRMS and HCM software drive market growth by offering organizations complete control over their human resource data and system configurations. These solutions provide robust security and compliance features, as companies can customize and manage their internal IT environments to meet strict regulatory standards. On-premises systems are especially favored by large organizations that require high levels of data privacy and have the resources to maintain dedicated infrastructure. With full control over updates, integration, and data governance, businesses can tailor the software to their specific workflows and processes. This level of customization ensures that the software meets precise organizational needs while minimizing reliance on external service providers. As enterprises continue to prioritize data security and customization, on-premises solutions remain a vital segment of the HRMS and HCM market.

Large enterprises significantly contribute to the growth of the HRMS & HCM Software Market by leveraging comprehensive systems that integrate and streamline complex human capital processes. These organizations handle vast amounts of employee data across multiple geographies and require robust systems to manage payroll, benefits, talent management, and performance analytics effectively. Large enterprises invest in solutions that offer deep customization, seamless integration with existing enterprise systems, and advanced reporting capabilities to support strategic decision-making. Their commitment to digital transformation and efficiency drives continuous demand for innovative HR technology that can improve productivity, ensure compliance, and reduce operational costs. As large organizations expand globally and adopt more sophisticated HR practices, their reliance on advanced HRMS and HCM software fuels sustained market growth.

Cost efficiency is a major driver in the HRMS & HCM Software Market. By automating routine HR tasks such as payroll processing, leave management, and benefits administration, these systems reduce manual errors and lower labor costs. Organizations benefit from streamlined workflows and decreased administrative overhead, which lead to significant long-term savings. Moreover, the ability to quickly scale and adapt to changing business needs without extensive capital investment further enhances cost efficiency. As companies seek to optimize operational budgets while maintaining robust HR services, the appeal of cost-effective HRMS and HCM solutions grows. This drive for operational savings encourages businesses to invest in integrated HR technologies, thereby contributing significantly to market expansion.

Improved employee engagement and experience are critical factors propelling the HRMS & HCM Software Market. Modern systems provide intuitive interfaces, self-service portals, and real-time access to HR information that empower employees to manage their personal data, benefits, and career development. This enhanced accessibility leads to greater job satisfaction and retention, as employees feel more connected and valued within the organization. Furthermore, features such as performance feedback, goal tracking, and career planning foster a culture of continuous improvement. As organizations recognise the importance of nurturing talent and maintaining a motivated workforce, investments in user-centric HR solutions that boost engagement are increasing, thereby driving market growth.

Regulatory compliance is a significant factor in the growth of the HRMS & HCM Software Market. Stringent labor laws and data protection regulations, such as GDPR and HIPAA, require organizations to maintain accurate and secure employee records. HRMS solutions offer built-in compliance tools and audit trails that simplify adherence to these regulations, reducing the risk of costly penalties and reputational damage. By automating compliance-related tasks, these systems help ensure that HR processes remain consistent with legal requirements across different jurisdictions. As regulatory environments become more complex, the demand for software that can manage compliance efficiently increases, encouraging businesses to adopt robust HRMS and HCM solutions to mitigate risk and maintain operational integrity.

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HRMS & HCM SOFTWARE MARKET SHARE

The HRMS & HCM Software Market exhibits distinct regional variations influenced by factors such as economic development, regulatory environments, and cultural attitudes toward workforce management. North America and Europe lead the market, driven by advanced technological infrastructures, high digital adoption, and a strong emphasis on compliance and employee engagement. The Asia-Pacific region is rapidly emerging as a key market due to its expanding corporate sector, rising investments in IT, and increasing demand for scalable HR solutions in growing economies like China, India, and Japan. Regions such as Latin America, the Middle East, and Africa also show potential as organisations in these areas seek to modernize their HR practices. These regional differences create diverse opportunities and challenges, shaping market dynamics and growth trajectories globally.

Key Companies:

ADPPaylocityPaycomWorkdayBambooHRUKGCeridianToastiSolved HCMClearCompanyPersonioGoCo.ioOracleSAPAscentisEPAY SystemsOdoo S.ASabaSage SoftwareINFORThe Access GroupVibe HCMLanteriaSutiSoftPersonnel Data SystemsOrangeHRMZimyo ConsultingUneecopsBrioHR

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The global HR Software market was valued at USD 7739.6 Million in 2023 and is anticipated to reach USD 11880 Million by 2030, witnessing a CAGR of 6.2% during the forecast period 2024-2030.

–  The global market for Payroll and HR Software was estimated to be worth USD 7634.2 Million in 2023 and is forecast to a readjusted size of USD 10100 Million by 2030 with a CAGR of 4.4% during the forecast period 2024-2030.

–  Human Capital Management Software market was valued at USD 12490 Million in 2023 and is anticipated to reach USD 21600 Million by 2030, witnessing a CAGR of 8.0% during the forecast period 2024-2030.

–  Human Capital Management System Market

–  Human Capital Management Market

–  The global SaaS HR Software market was valued at USD 972.6 Million in 2023 and is anticipated to reach USD 1643.4 Million by 2030, witnessing a CAGR of 8.2% during the forecast period 2024-2030.

–  HR Software and Nonprofits market was valued at USD 3853.6 Million in 2023 and is anticipated to reach USD 6222.4 Million by 2030, witnessing a CAGR of 7.0% during the forecast period 2024-2030.

–  Accounting, BMS, Payroll and HCM Software Market

–  Healthcare HR Software market was valued at USD 6957.4 Million in 2023 and is anticipated to reach USD 17260 Million by 2030, witnessing a CAGR of 13.4% during the forecast period 2024-2030.

–  Workday Human Capital Management Service Software Market

–  HR Core Administration Software Market

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Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

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Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOLAI Limited Announces Extraordinary General Meeting

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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