[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Human Resource Technology Market Size, Share, and Analysis, By Type (Talent Management, Payroll Management, Performance Management, Workforce Management, and Others), By Deployment Mode (On-Premises and Cloud), By Organization Size (Large Enterprises and Small & Medium Sized Enterprises), By End-User (BFSI, IT and Telecom, Healthcare, Retail, Manufacturing, Government, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

May 2024 | 480 pages | ID: H33A6635D18AEN
Fatpos Global

US$ 5,150.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Human Resource Technology Market Size, Share, and Analysis, By Type (Talent Management, Payroll Management, Performance Management, Workforce Management, and Others), By Deployment Mode (On-Premises and Cloud), By Organization Size (Large Enterprises and Small & Medium Sized Enterprises), By End-User (BFSI, IT and Telecom, Healthcare, Retail, Manufacturing, Government, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Human Resource Technology Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 9% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 30.8 billion and is projected t%li%reach USD 79.6 billion by the completion of 2034.

Human Resource (HR) Technology refers t%li%the utilization of digital tools and software for enhancing various human resource management operations within an organization. These technologies consist of a broad spectrum of applications, including recruitment, payroll management, evaluation of employee performance, and workforce analytics. HR technology aims t%li%improve HR operations by automating repetitive jobs, ensuring data accuracy, improving workspace communication, and providing valuable information with the help of data analysis. Additionally, HR technology options include applicant tracking systems, human resource information systems (HRIS), performance management tools, and employee engagement platforms. Consequently, companies that integrate these technologies can improve operational efficiency, reduce administrative hassles, and make well-informed decisions that are aligned with their organization's objectives.

MARKET HIGHLIGHTS

Human Resource Technology Market is projected t%li%reach USD 79.6 billion over the forecast period, owing t%li%the vast adoption of digital solutions t%li%address changing HR demands. The expansion of HR technology market is due t%li%various factors, including the growing need for simplified recruitment processes, along with efficient talent management tools, and the need for data-based insights t%li%support strategic decision-making. Moreover, cloud-based HR solutions are gaining popularity for their scalability and cost-effectiveness, which makes advanced HR capabilities accessible t%li%businesses of all sizes. Furthermore, the integration of artificial intelligence (AI), machine learning, and natural language processing (NLP) technologies int%li%HR software is improving its automation and predictive analytics functionalities. Therefore, the HR Tech market is witnessing strong development as organizations are seeking t%li%modernize HR operations t%li%boost workforce productivity and improve employee engagement.

Human Resource Technology Market Segments:
  • By Type
  • Talent Management
  • Payroll Management
  • Performance Management
  • Workforce Management
  • Others
  • By Deployment Mode
  • On-Premises
  • Cloud
  • By Organization Size
  • Large Enterprises
  • Small & Medium Sized Enterprises
  • By End-User
  • BFSI
  • IT and Telecom
  • Healthcare
  • Retail
  • Manufacturing
  • Government
  • Others
MARKET DYNAMICS

Growth Drivers

Increasing Demand for Remote Work Solutions Will Create Growth Opportunities

Emphasis on Data-Driven HR Decision-Making will Lead t%li%Market Expansion

Restraint

Privacy and Security Concerns Could Impede Industry Growth

Key Players
  • Workday
  • Oracle
  • SAP SuccessFactors
  • ADP
  • UKG
  • Ultimate Software
  • IBM Kenexa
  • Microsoft Dynamics 365 Human Resources
  • Cornerstone OnDemand
  • BambooHR
  • Paylocity
  • Ceridian
  • Namely
  • Paycom
  • Zenefits
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Human Resource Technology Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Human Resource Technology Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.HUMAN RESOURCE TECHNOLOGY MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porters Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.HUMAN RESOURCE TECHNOLOGY MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. HUMAN RESOURCE TECHNOLOGY MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1. By Type
    11.3.1.1. Talent Management
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Payroll Management
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Performance Management
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Workforce Management
      11.3.1.4.1. By Value (USD Million) 2024-2034F
      11.3.1.4.2.Market Share (%) 2024-2034F
      11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.5.Others
      11.3.1.5.1. By Value (USD Million) 2024-2034F
      11.3.1.5.2.Market Share (%) 2024-2034F
      11.3.1.5.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Deployment Mode
    11.3.2.1.On-Premise
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Cloud
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Organization Size
    11.3.3.1.Large Enterprise
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Small & Medium Sized Enterprise
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
  11.3.4.By End-User
    11.3.4.1.BFSI
      11.3.4.1.1. By Value (USD Million) 2024-2034F
      11.3.4.1.2.Market Share (%) 2024-2034F
      11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. IT and Telecom
      11.3.4.2.1.By Value (USD Million) 2024-2034F
      11.3.4.2.2. Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.3. Retail
      11.3.4.3.1.By Value (USD Million) 2024-2034F
      11.3.4.3.2. Market Share (%) 2024-2034F
      11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.4.Manufacturing
      11.3.4.4.1.By Value (USD Million) 2024-2034F
      11.3.4.4.2. Market Share (%) 2024-2034F
      11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.5. Government
      11.3.4.5.1.By Value (USD Million) 2024-2034F
      11.3.4.5.2. Market Share (%) 2024-2034F
      11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.6. Others
      11.3.4.6.1.By Value (USD Million) 2024-2034F
      11.3.4.6.2. Market Share (%) 2024-2034F
      11.3.4.6.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA HUMAN RESOURCE TECHNOLOGY MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Type
  12.3.2. By Deployment Mode
  12.3.3. By Organization Size
  12.3.4. By End-User
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE HUMAN RESOURCE TECHNOLOGY MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Type
  13.3.2. By Deployment Mode
  13.3.3. By Organization Size
  13.3.4. By End-User
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC HUMAN RESOURCE TECHNOLOGY MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Type
  14.3.2. By Deployment Mode
  14.3.3. By Organization Size
  14.3.4. By End-User
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA HUMAN RESOURCE TECHNOLOGY MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Type
  15.3.2. By Deployment Mode
  15.3.3. By Organization Size
  15.3.4. By End-User
15.4.Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4.South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA HUMAN RESOURCE TECHNOLOGY MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Type
  16.3.2. By Deployment Mode
  16.3.3. By Organization Size
  16.3.4. By End-User
16.4.Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. Workday
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. Oracle
18.3. SAP SuccessFactors
18.4. ADP
18.5. UKG
18.6. Ultimate Software
18.7. IBM Kenexa
18.8. Microsoft Dynamics 365 Human Resources
18.9. Cornerstone OnDemand
18.10.BambooHR
18.11.Paylocity
18.12. Ceridian
18.13. Namely
18.14.Paycom
18.15. Zenefits
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



More Publications