Latin America HR Technology Market: Industry Outlook, Size (US$ 1,584 Million), Share, Growth (CAGR of 9.57%), Top Companies Analysis, Report 2022-2027

According to IMARC Group's latest report, titled "Latin America Human Resource (HR) Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the Latin America human resource (HR) technology market size reached US$ 910 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,584 Million by 2027, exhibiting a growth rate (CAGR) of 9.57% during 2022-2027.

Latin America Human Resource (HR) Technology Market Trends:

One of the key factors driving the Latin America human resource (HR) technology market is the rising working population and the increase in the number of HR start-ups in various countries in the region. HR technology is widely adopted to provide enhanced labor productivity, flexibility and scalability, and talent management in the corporate sector. In line with this, the increasing inclination toward advanced HR technologies for predictive and workforce analytics to enhance productivity is favoring the market growth. Apart from this, the rising demand for digital onboarding solutions owing to the recent outbreak of coronavirus disease (COVID-19) and consequent adoption of work-from-home (WFH) policies is providing a considerable boost to the market growth across the region.

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Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Key Market Segmentation:

The report has segmented the Latin America human resource (HR) technology market based on application, type, end use industry, company size and country.

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, and 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 Country:

• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others

Competitive Landscape With Key Players:

The competitive landscape of the Latin America human resource (HR) technology market has been studied in the report with the detailed profiles of the key players operating in the market.

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Industry Definition and Application:

Human resource (HR) technology refers to a set of services that enhances all the aspects of employment within an organization. It is widely used to track, inform, pay, find, and manage employee communication. It is used to support workforce administration, hire, attract, optimize workforce management, and retain and maintain talent. HR technology aids in scheduling and managing staff time and automating employee payroll process. It is adopted by organizations to streamline multiple processes, optimize compliance and administrative operations, and reduce the risks of implicit biases. As a result, HR technology finds extensive application in healthcare, transportation, information technology (IT), and banking, financial services, and insurance (BFSI) industries.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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