| Code: MTA9905 | Publication Date: Oct 2025 |
This expansion is supported by growing demand for automating human resource functions and improving employee experience. The industry accounted for an estimated global market share over 31% within the overall human capital management (HCM) ecosystem in 2024.
The HRIS Market is growing as organizations are increasingly adopting cloud-based systems for better flexibility and scalability in HR management. Companies are using AI and machine learning more and more to automate HR tasks like payroll management, hiring new employees, and keeping employees engaged. More companies are using employee self-service portals and mobile-enabled HRIS solutions due to they let employees manage their own data and get more involved in their work. The growth is also being driven by the move toward data-driven HR decision-making. Furthermore, the growing need for real-time workforce insights and HR metrics is pushing more companies to use more advanced HRIS systems.
Emerging developments in the HRIS Market include the incorporation of Artificial Intelligence (AI) and Machine Learning to enhance decision-making, recruitment processes, and employee management. More companies are using HRIS with other business management software, such as ERP systems, to make things run more smoothly. Companies can now better plan for their workforce needs and manage their talent by using predictive analytics tools in their HRIS. The interfaces are being made easier to use and understand since companies want to improve the experience of their employees. This increases productivity and engagement.
Some of the leading companies include: