FEATURED COMPANIES
- ADP
- Ceridian
- IBM
- Kronos Incorporated
- Microsoft
- Oracle
The Human Resource (HR) Technology Market reached a value of US$ 28.65 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 48.85 Billion by 2027, exhibiting a CAGR of 9.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Human resource technology is a significant part of the human resource industry. It enhances all the aspects of employment with the organization, starting from the first day of recruitment until the retirement of the employees. The human resources technologies help the employer to manage payrolls, onboarding, talent sourcing, performance and workforce management, talent management, etc.
The global human resource technology market is primarily driven by the aging of conventional human resource tools as enterprises are now gradually adopting the human resource software ecosystem. The human resource software solutions provide a time and cost-effective way for managing numerous human resources. Moreover, rapid technological innovations have augmented the demand for such solutions for diverse applications, such as workforce management, and talent management. Furthermore, rising working population and complex management methods are also creating a positive impact on this market. Owing to this, there has been an escalating development in the marketplace for recruitment, advertisement, assessment, and interviewing. Moreover, human resource technology lowers the risks of systemic errors in comparison to the conventional methods of human resourcing. This helps in time management, along with increasing productivity and reducing employment costs.
The competitive landscape of the industry has also been examined with some of the key players being SAP, Workday, ADP, Oracle, Microsoft, Kronos Incorporated, Ultimate Software, SumTotal Systems, IBM and Ceridian, etc.
2. What is the expected growth rate of the global human resource (HR) technology market?
3. What are the key factors driving the global human resource (HR) technology market?
4. What has been the impact of COVID-19 on the global human resource (HR) technology market?
5. What is the breakup of the global human resource (HR) technology market based on the application?
6. What is the breakup of the global human resource (HR) technology market based on the type?
7. What is the breakup of the global human resource (HR) technology market based on the end-use industry?
8. What is the breakup of the global human resource (HR) technology market based on the company size?
9. What are the key regions in the global human resource (HR) technology market?
Human resource technology is a significant part of the human resource industry. It enhances all the aspects of employment with the organization, starting from the first day of recruitment until the retirement of the employees. The human resources technologies help the employer to manage payrolls, onboarding, talent sourcing, performance and workforce management, talent management, etc.
The global human resource technology market is primarily driven by the aging of conventional human resource tools as enterprises are now gradually adopting the human resource software ecosystem. The human resource software solutions provide a time and cost-effective way for managing numerous human resources. Moreover, rapid technological innovations have augmented the demand for such solutions for diverse applications, such as workforce management, and talent management. Furthermore, rising working population and complex management methods are also creating a positive impact on this market. Owing to this, there has been an escalating development in the marketplace for recruitment, advertisement, assessment, and interviewing. Moreover, human resource technology lowers the risks of systemic errors in comparison to the conventional methods of human resourcing. This helps in time management, along with increasing productivity and reducing employment costs.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global human resource (HR) technology market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on application, type, end-use industry and company size.Breakup by Application:
- Talent Management
- Payroll Management
- Performance Management
- Workforce Management
- Recruitment
- Others
Breakup by Type:
- Inhouse
- Outsourced
Breakup by End-Use Industry:
- TTH (Travel, Transportation, Hospitality)
- Public Sector
- Health Care
- Information Technology
- BFSI (Banking, Financial services, and Insurance)
- Others
Breakup by Company Size:
- Less than 1k Employees
- 1k -5k Employees
- Greater than 5k Employees
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being SAP, Workday, ADP, Oracle, Microsoft, Kronos Incorporated, Ultimate Software, SumTotal Systems, IBM and Ceridian, etc.
Key Questions Answered in this Report
1. What is the size of the global human resource (HR) technology market?2. What is the expected growth rate of the global human resource (HR) technology market?
3. What are the key factors driving the global human resource (HR) technology market?
4. What has been the impact of COVID-19 on the global human resource (HR) technology market?
5. What is the breakup of the global human resource (HR) technology market based on the application?
6. What is the breakup of the global human resource (HR) technology market based on the type?
7. What is the breakup of the global human resource (HR) technology market based on the end-use industry?
8. What is the breakup of the global human resource (HR) technology market based on the company size?
9. What are the key regions in the global human resource (HR) technology market?
Frequently Asked Questions about the Global Human Resource (HR) Technology Market
What is the estimated value of the Global Human Resource (HR) Technology Market?
What is the growth rate of the Global Human Resource (HR) Technology Market?
What is the forecasted size of the Global Human Resource (HR) Technology Market?
Who are the key companies in the Global Human Resource (HR) Technology Market?
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- ADP
- Ceridian
- IBM
- Kronos Incorporated
- Microsoft
- Oracle
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Human Resource Technology Market
6 Market Breakup by Application
7 Market Breakup by Type
8 Market Breakup by End-Use Industry
9 Market Breakup by Company Size
10 Market Breakup by Region
11 Competitive Landscape
List of Figures
List of Tables
Note: Product cover images may vary from those shown
- SAP
- Workday
- ADP
- Oracle
- Microsoft
- Kronos Incorporated
- Ultimate Software
- SumTotal Systems
- IBM
- Ceridian
Note: Product cover images may vary from those shown
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