Press release
Human Resource (HR) Technology Market Size, Trends, Growth, Statistics and Forecast 2023-2028
According to the latest report by IMARC Group, titled "๐๐ฎ๐ฆ๐๐ง ๐๐๐ฌ๐จ๐ฎ๐ซ๐๐ (๐๐) ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐," the global human resource (HR) technology market size reached US$ 31.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.3 Billion by 2028, exhibiting a growth rate (CAGR) of 9.08% during 2023-2028.๐๐๐๐ซ ๐๐จ๐ง๐ฌ๐ข๐๐๐ซ๐๐ ๐ญ๐จ ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Human Resource (HR) Technology Market Overview:
Human resource (HR) technology involves using software and hardware to manage, streamline, and administer various human resources tasks within organizations. It mainly automates HR functions, improves workforce data management, and supports strategic decision-making in HR. The technology helps manage onboarding, payrolls, talent sourcing, talent management, and performance and workforce management. In addition to this, it provides a cost-effective and time-effective solution to effectively manage and enhance HR service delivery.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.imarcgroup.com/human-resource-technology-market/requestsample
Human Resource (HR) Technology Market Trends:
The global human resource technology market is primarily driven by the increasing organizational demand for predictive and workforce analytic tools. This is further bolstered by rapid technological advancements, such as integrating artificial intelligence (AI) and analytics with recruitment tools. Such solutions help improve different facets of HR management, including managing compliance with applicable employment laws and regulations, tracking time and attendance, and maintaining up-to-date employee information, which is providing an impetus to the market growth. Besides this, the surging product application in the commercial sector, as it helps lower the risk of systematic errors, is boosting the market growth. Apart from this, the increasing working populace, increasing investments in HR technology by key players, shifting preference toward remote working culture, and the development of complex management methods are accelerating the market growth.
Human Resource (HR) Technology Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the human resource (HR) technology market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
โข SAP
โข Workday
โข ADP
โข Oracle
โข Microsoft
โข Kronos Incorporated
โข Ultimate Software
โข SumTotal Systems
โข IBM
โข Ceridian
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.imarcgroup.com/request?type=report&id=1798&flag=F
Key Market Segmentation:
The report has segmented the global human resource (HR) technology market on the basis of application, type, end-use industry, company size and region.
Breakup by Application:
โข Talent Management
โข Payroll Management
โข Performance Management
โข Workforce Management
โข Recruitment
โข Others
Breakup by Type:
โข Inhouse
โข Outsourced
Breakup by End-Use Industry:
โข TTH (Travel, Transportation, Hospitality)
โข Public Sector
โข Health Care
โข Information Technology
โข BFSI (Banking, Financial services, and Insurance)
โข Others
Breakup by Company Size:
โข Less than 1k Employees
โข 1k -5k Employees
โข Greater than 5k Employees
Breakup by Region:
โข North America
โข Europe
โข Asia Pacific
โข Middle East and Africa
โข Latin America
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐% ๐๐ซ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/request?type=report&id=1798&flag=C
This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข 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.
๐๐ฏ๐ผ๐๐ ๐จ๐:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐ฆ:
IMARC Group
134 N 4th St Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
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