Press release
Human Resource Technology Market Research, Segmentation, Key Players Analysis And Forecast To 2030
Human Resource Technology Market OverviewSoftware and hardware used to automate and streamline critical HR activities is known as human resources technology. It is a general word for digital operations required to keep the human capital regulatory framework in place inside the specific organisation. Workforce analytics, benefits administration, talent recruiting and management, and employee payroll and compensation are all included in human resource technology. HR managers and specialists may operate more efficiently and provide a better employee experience with the aid of HR technology.
Human Resource Technology Market Report Scope and Research Methodology
A thorough study of the human resource technology market is included in the report. The competition analysis section of the study comprises the business overview, financial performance, product portfolio, and strategies of the leading market competitors. The primary goal is to present the market's definition, trends, problems, and challenges. The size of the human resource technology market was estimated using the bottom-up methodology. Using competition information, a local, regional, and worldwide analysis of the market was carried out. Primary and secondary research techniques were used to gather data for the analysis for the market study. By kind, deployment mode, organisation size, and end user, the market study was carried out. Analysis has been done on both internal and external factors that impact market growth.
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Human Resource Technology Market Valuation:
The Human Resource Technology Market size was valued at USD 25.74 Bn in 2023 and is expected to reach USD 43.26 Bn by 2030, at a CAGR of 7.7% over the forecast period (2024-2030).
Human Resource Technology Market Dynamics
Using artificial intelligence and machine learning techniques to drive market expansion
The use of artificial intelligence tools, like virtual assistants and bots, to streamline the hiring process is anticipated to propel the expansion of the human resource technology market. Bots employ logics to identify user requests and interact with business systems to produce the intended results. The most economical tool for businesses is human resource technology, which helps to upskill the hiring process and swiftly select the finest candidates. The Human Resource Technology Market is predicted to expand at a faster rate as a result of the use of HR operations like artificial intelligence and machine learning algorithms throughout HR technology software to optimise the hiring process. Businesses using HR technology tools offer a profitable opportunity for the expansion of the HR technology market.
Human Resource Technology Market Segmentation
by Type
Talent Management
Payroll Management
Performance Management
Workforce Management
Others
by Deployment- mode
On-Premises
Cloud
by Organization Size
Large Enterprises
Small and Medium Sized Enterprises (SMEs)
by End-User
BFSI
IT and Telecom
Healthcare
Retail
Manufacturing
Government
Others
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Human Resource Technology Market Key Players
1. ADP Inc.
2. Cegid
3. Ceridian HCM
4. Cornerstone OnDemand, Inc
5. IBM Corporation
6. Oracle Corporation
7. Workday Inc.
8. SAP SE
9. Hi Bob, Inc
10. Automatic Data Processing(ADP),Inc
11. The Access Group
12. Infor, Inc
13. UKG Inc
14. SumTotal system
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Table of content for the Human Resource Technology Market includes:
Part 01: Executive Summary
Part 02: Scope of the Human Resource Technology Market Report
Part 03: Global Human Resource Technology Market Landscape
Part 04: Global Human Resource Technology Market Sizing
Part 05: Global Human Resource Technology Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Insights:
In2023, the North American region led the regional market, and this trend is anticipated to
supremacy within the projected time frame. The market expansion is anticipated to be influenced by vendors of human resource solutions who place a strong emphasis on improving HR analytics and business process optimisation.
Over the course of the projected period, the Asia Pacific region is anticipated to increase at the fastest rate. The growing demand for businesses to handle HR tasks, such as talent management and administrative work, as well as leaders searching for innovative technology with appealing solutions, are drivers driving the expansion of the human resource technology market. The growth of the market is being driven by the partnerships, funding, and investments made by small and medium-sized firms in the region.
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