HR Technology Market to Reach Value of USD 39.90 Billion by 2029
Posted on Mar 17 2023 6:24 AM
"Human Resource (HR) Technology Market Size, Share & COVID-19 Impact Analysis, By Type (Talent Management, Workforce Management, Recruitment, Payroll Management, Performance Management, and Others), By Deployment (Cloud and On-premise), By Enterprise Size (SMEs and Large Enterprises), By Industry (BFSI, IT and Telecommunication, Government, Manufacturing, Retail, Healthcare, and Others), and Regional Forecast, 2022-2029 "
The Global "HR Technology Market Size 2023"research report covers explicit information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries.
Additionally,technology industry the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. The Global HR Technology Market consists of data accumulated from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals. This document further helps in understanding market trends, applications, specifications, and market.
The global human resource (HR) technology market size was valued at USD 22.90 billion in 2021 and is projected to grow from USD 23.98 billion in 2022 to USD 39.90 billion by 2029, exhibiting a CAGR of 7.5% during the forecast period.
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Rising Shift of Companies towards Reporting and Analytics Dashboards to Boost Growth
Numerous organizations across the globe are nowadays rapidly inclining towards unique reporting and analytics dashboards from conventional HR data warehouses. It is not only helping them to increase productivity, but also enabling them to study retention & employee problems and sales productivity. Therefore, various companies are investing huge sums in the development of new software solutions, such as learning, operational, and assessment tools. These factors are expected to drive the HR technology market growth in the near future. However, the procurement of HR technology is an expensive process, which, in turn, may obstruct growth.
Customization Available: Global HR Technology Market
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Primary Research: Detailed product mapping of major as well as emerging players in the market. Estimation of revenues/market size of all segments to arrive at the total market valuation. Estimation based on current trends, purchasing behavior, demand-supply gap, import-export scenario, and latest technology and developments. Estimation based on the number of end-users and the average consumption by each end-user. Estimation based on the production side and the supply side for the products and services offered in the market.
Bottom-Up Approach: This approach follows estimation of data through market share, revenues, and growth rate of prominent players operating in the market.
Top-Down Approach: Discussion with stakeholders and Key Opinion Leaders (KOLS) to validate market estimates and get their insights related to trends, dynamics, and competitive analysis.
HR Technology Market Segments:
- IT and Telecommunication
- Others (Education etc.)
- North America
- Asia Pacific
- The Middle East & Africa
- South America
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Who are the Top Players HR Technology Market?
- Automatic Data Processing (ADP), Inc. (New Jersey, United States)
- Ceridian HCM, Inc. (Minnesota, United States)
- Cezanne HR Ltd. (London, United Kingdom)
- Cornerstone OnDemand, Inc. (California, United States)
- IBM Corporation (New York, United States)
- Infor (New York, United States)
- NetSuite, Inc. (California, United States)
- Oracle Corporation (California, United States)
- SAP SE (Walldorf, Germany)
- Talentsoft (France, Europe)
- Ultimate Software (Florida, United States)
- Workday, Inc. (California, United States)
Global HR Technology Market Size Highlights:
The report for Global HR Technology Market of Fortune Business Insights covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. Moreover, report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, macroeconomic, technological advancement, and governing factors of the market. Furthermore, report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments of the technology industry.
The Global HR Technology Market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per HR Technology Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Furthermore, Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. Moreover, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
Frequently Asked Questions?
- What is the HR Technology Market size?
- What is the CAGR for HR Technology Market ?
- What are the segments covered in the HR Technology Market report?
- Who are the key players in the HR Technology Market?
- Which region is more attractive for vendors in the HR Technology Market?
- What are the key markets for higher education?
- What are the key factors driving the growth of HR Technology Market ?
- Which segment has the largest share in the HR Technology Market?
Key Points from TOC:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions
5. Global HR Technology Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
12. Company Profiles
12.2 Products and Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
13. Strategic Recommendations
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