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HR Professional Services Global Market Report 2024 Global Market Analysis, Trends, Growth, Research And Forecast 2033
HR Professional Services Global Market
As per the report, the HR professional services market size has grown rapidly in recent years. It will grow from $6.26 billion in 2023 to $7 billion in 2024 at a compound annual growth rate (CAGR) of 11.7%. The HR professional services market size is expected to see rapid growth in the next few years. It will grow to $11.72 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%.
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Information Technology's Role In Accelerating Growth Of The HR Professional Services Market
Increasing implementation of information technology is expected to propel the growth of the HR professional services market going forward. Information technology refers to a wide range of terms, including all aspects of computing and telecommunications development and installation, including use. Technology has significantly altered human resource management. Most firms now give ubiquitous access to HR services via technology and web-based apps. These adjustments are frequently the outcome of the need to reduce costs while expanding or improving services. For instance, according to Flexera, in 2021, 54% of companies worldwide prioritize digital transformation. Additionally, in May 2022, Couchbase, a software company, released the results of its fifth annual survey done on 650 IT leaders. It was founded that, the investment in digital transformation will increase by 46% over the next 12 months. Therefore, the increasing implementation of information technology is expected to drive the HR professional services market growth.
The Surge Of Technological Advancements And HR Automation In Professional Services
Technological advancements are a key trend gaining popularity in HR professional services. Major players operating in the HR professional services market are developing products with advanced technologies to sustain their position in the HR professional services market such as HR automation. For instance, in January 2021, Jotform, a US-based automated workflows company launched HR automation and replaces manual chores with technology Printed job applications and burdensome employee documentation used to fill file cabinets. Companies are now replacing paper-based systems with digital procedures and migrating everything to the cloud. The goal of HR process automation is to relieve HR personnel of the most time-consuming manual duties. The impact of automation on the bottom line is apparent. Employees may spend less time on paperwork and filing and more time on more vital tasks like brainstorming and analyzing data.
The HR professional services market covered in this report is segmented -
1) By Type: Core HR, Employee Collaboration And Engagement, Recruiting, Talent Management, Workforce Planning And Analytics
2) By Enterprise: Large Enterprises, Small And Medium Enterprises
3) By Deployment: Hosted, On-Premise
4) By End-User: Academia, Banking, Financial Services And Insurance (BFSI), Government, Healthcare, IT And Telecom, Manufacturing, Retail, Other End-Users
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Major companies operating in the HR professional services market report are International Business Machines Corporation, Oracle Corporation, Deloitte Touche Tohmatsu Limited, SAP SE, Mercer LLC, Randstad Holding N.V., Baker HR LLC, Automatic Data Processing Inc., Boston Consulting Group Inc., HAYS plc, Workday Inc., Insperity Inc., Trinet Group Inc., Paychex Inc., PageGroup plc, Razorpay Software Private Limited, Kronos Incorporated, Kforce Inc., Robert Walters plc, Ultimate Software Group Inc., Cornerstone OnDemand Inc., Skillsoft Corporation, Zucchetti S.p.A., BambooHR Inc., Capterra Inc., Napier Healthcare Solutions Pte Ltd, GRM Information Management, Visier Inc., TopSource Worldwide Inc., BizEX Management Solutions Pvt Ltd, Groupe Crit S.A., Impellam Group plc, ManpowerGroup Inc., Persol Holdings Co.Ltd., Robert Half International Inc., Willis Towers Watson Public Limited Company
Contents of the report:
1. Executive Summary
2. HR professional services Market Report Structure
3. HR professional services Market Trends And Strategies
4. HR professional services Market - Macro Economic Scenario
5. HR professional services Market Size And Growth
…..
27. HR professional services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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