Key Factor Supporting Global HR professional services Market Development in 2025: Information Technology's Role In Accelerating Growth Of The HR Professional Services Market

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the HR professional services Market Size By 2025?
In recent times, the market size for HR professional services has seen a swift expansion. The market's value is predicted to climb from $6.96 billion in 2024 to $7.79 billion in 2025, marking a compound annual growth rate (CAGR) of 11.8%. Factors contributing to this historical growth include regulatory alterations, economic patterns, globalization, demographic changes, lack of talent, and reaction to crises.

How Big Is the HR professional services Market Size Expected to Grow by 2029?
The market size for HR professional services is anticipated to experience a swift increase in the coming years, reaching $13.67 billion in 2029 with a CAGR of 15.1%. Factors contributing to this growth during the projected period are adoption of remote working, considerations related to data security and privacy, implementation of agile workforce policies, bridging of skill gaps and efforts on upskilling, as well as initiatives towards diversity, equity, and inclusivity (DEI). The forecast period is likely to see significant trends like digital transformation, technological progress, employee welfare prioritization, continuous learning and skill development, as well as the application of agile practices within HR.

View the full report here:
https://www.thebusinessresearchcompany.com/report/hr-professional-services-global-market-report

Which Key Market Drivers Powering HR professional services Market Expansion and Growth?
The enhancement in information technology utilization is anticipated to catapult growth in the HR professional services market. The term "information technology" encompasses a wide spectrum of elements, including the development and setup of computing and telecommunications, inclusive of its usage. This technological evolution has profoundly revolutionized the management of human resources. Most corporations presently offer universal access to HR services through technology and web-based applications, largely due to the intent to curb costs while augmenting or enriching services. For instance, in May 2022, a software company called Couchbase revealed the findings of its fifth annual survey conducted on 650 IT leaders, indicating a projected increase in digital transformation investments by 46% in the forthcoming 12 months. As a result, the escalating utilization of information technology is foreseen to stimulate growth in the HR professional services market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7799&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the HR professional services Market?
Leading corporations in the HR professional services market are focusing their efforts on the creation of innovative AI agents for HR professionals. These AI tools aim to increase operational effectiveness, boost employee engagement, fine-tune hiring procedures, automate administrative duties, supply data-backed insights for talent management, and establish personalized experiences for employees. This, in turn, allows companies to more efficiently attract, nurture, and retain superior talent. AI agents are advanced software systems that can autonomously or semi-autonomously carry out tasks using AI technology. For example, in September 2024, Workday, Inc., a company based in the US that provides enterprise cloud applications for finance and HR, introduced four new AI agents specifically tailored to improve HR and finance operations. These include Recruiter, Expenses, Succession, and Workday Optimize Agents. Notably, the Succession agent works to transform succession planning into an ongoing process by assisting managers in identifying and developing potential future leaders. It automatically updates succession plans and formulates personalized development strategies for high-achieving employees.

What Are the Emerging Segments in the HR professional services Market?
The hr professional servicesmarket 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

Subsegments:
1) By Core HR: Payroll Services, HR Compliance And Administration, Employee Records Management
2) By Employee Collaboration And Engagement: Employee Communication Platforms, Survey And Feedback Tools, Team Collaboration Software
3) By Recruiting: Recruitment Process Outsourcing (RPO), Applicant Tracking Systems (ATS), Job Board Services
4) By Talent Management: Performance Management Systems, Learning And Development Solutions, Succession Planning Tools
5) By Workforce Planning And Analytics: Workforce Management Solutions, HR Analytics Platforms, Labor Market Analysis Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7799&type=smp

Who Are the Global Leaders in the HR professional services Market?
Major companies operating in the HR professional services market include 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

Which are the Top Profitable Regional Markets for the HR professional services Industry?
North America was the largest region in the HR professional services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the HR professional services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7799

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.