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PUBLISHER: IMARC | PRODUCT CODE: 1423123
PUBLISHER: IMARC | PRODUCT CODE: 1423123
Human Resource Technology Market Report by Application, Type, End-Use Industry (TTH, Public Sector, Health Care, Information Technology, BFSI, and Others), Company Size, and Region 2024-2032
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PAGES: 142 Pages
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Abstract
The global human resource (HR) technology market size reached US$ 33.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 53.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
Human resource technology is a significant part of the human resource industry. It enhances all the aspects of employment with the organization, starting from the first day of recruitment until the retirement of the employees. The human resources technologies help the employer to manage payrolls, onboarding, talent sourcing, performance and workforce management, talent management, etc.
The global human resource technology market is primarily driven by the aging of conventional human resource tools as enterprises are now gradually adopting the human resource software ecosystem. The human resource software solutions provide a time and cost-effective way for managing numerous human resources. Moreover, rapid technological innovations have augmented the demand for such solutions for diverse applications, such as workforce management, and talent management. Furthermore, rising working population and complex management methods are also creating a positive impact on this market. Owing to this, there has been an escalating development in the marketplace for recruitment, advertisement, assessment, and interviewing. Moreover, human resource technology lowers the risks of systemic errors in comparison to the conventional methods of human resourcing. This helps in time management, along with increasing productivity and reducing employment costs.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global human resource (HR) technology market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on application, type, end-use industry and company size.
Breakup by Application:
Talent Management
Payroll Management
Performance Management
Workforce Management
Recruitment
Others
Breakup by Type:
Inhouse
Outsourced
Breakup by End-Use Industry:
TTH (Travel, Transportation, Hospitality)
Public Sector
Health Care
Information Technology
BFSI (Banking, Financial services, and Insurance)
Others
Breakup by Company Size:
Less than 1k Employees
1k -5k Employees
Greater than 5k Employees
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being SAP, Workday, ADP, Oracle, Microsoft, Kronos Incorporated, Ultimate Software, SumTotal Systems, IBM and Ceridian, etc.
Key Questions Answered in This Report
- 1. What was the size of the global human resource (HR) technology market in 2023?
- 2. What is the expected growth rate of the global human resource (HR) technology market during 2024-2032?
- 3. What has been the impact of COVID-19 on the global human resource (HR) technology market?
- 4. What are the key factors driving the global human resource (HR) technology market?
- 5. What is the breakup of the global human resource (HR) technology market based on the application?
- 6. What is the breakup of the global human resource (HR) technology market based on the type?
- 7. What is the breakup of the global human resource (HR) technology market based on the end-use industry?
- 8. What is the breakup of the global human resource (HR) technology market based on the company size?
- 9. What are the key regions in the global human resource (HR) technology market?
- 10. Who are the key players/companies in the global human resource (HR) technology market?
Product Code: SR112024A1798
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Human Resource Technology Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Application
- 5.5 Market Breakup by Type
- 5.6 Market Breakup by End-Use Industry
- 5.7 Market Breakup by Company Size
- 5.8 Market Breakup by Region
- 5.9 Market Forecast
- 5.10 SWOT Analysis
- 5.10.1 Overview
- 5.10.2 Strengths
- 5.10.3 Weaknesses
- 5.10.4 Opportunities
- 5.10.5 Threats
- 5.11 Value Chain Analysis
- 5.12 Porters Five Forces Analysis
- 5.12.1 Overview
- 5.12.2 Bargaining Power of Buyers
- 5.12.3 Bargaining Power of Suppliers
- 5.12.4 Degree of Competition
- 5.12.5 Threat of New Entrants
- 5.12.6 Threat of Substitutes
- 5.13 Price Analysis
6 Market Breakup by Application
- 6.1 Talent Management
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Payroll Management
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Performance Management
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Workforce Management
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Recruitment
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Type
- 7.1 Inhouse
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Outsourced
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End-Use Industry
- 8.1 TTH (Travel, Transportation, and Hospitality)
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Public Sector
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Health Care
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Information Technology
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 BFSI (Banking, Financial Services, and Insurance)
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Company Size
- 9.1 Less than 1k Employees
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 1k - 5k Employees
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Greater than 5k Employees
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Asia Pacific
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Europe
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Middle East and Africa
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Latin America
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
11 Competitive Landscape
- 11.1 Market Structure
- 11.2 Key Players
- 11.3 Profiles of Key Players
- 11.3.1 SAP
- 11.3.2 Workday
- 11.3.3 ADP
- 11.3.4 Oracle
- 11.3.5 Microsoft
- 11.3.6 Kronos Incorporated
- 11.3.7 Ultimate Software
- 11.3.8 SumTotal Systems
- 11.3.9 IBM
- 11.3.10 Ceridian
Product Code: SR112024A1798
List of Figures
- Figure 1: Global: Human Resource Technology Market: Major Drivers and Challenges
- Figure 2: Global: Human Resource Technology Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Human Resource Technology Market: Breakup by Application (in %), 2023
- Figure 4: Global: Human Resource Technology Market: Breakup by Type (in %), 2023
- Figure 5: Global: Human Resource Technology Market: Breakup by End-Use Industry (in %), 2023
- Figure 6: Global: Human Resource Technology Market: Breakup by Company Size (in %), 2023
- Figure 7: Global: Human Resource Technology Market: Breakup by Region (in %), 2023
- Figure 8: Global: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 9: Global: Human Resource Technology Industry: SWOT Analysis
- Figure 10: Global: Human Resource Technology Industry: Value Chain Analysis
- Figure 11: Global: Human Resource Technology Industry: Porter's Five Forces Analysis
- Figure 12: Global: Human Resource Technology (Talent Management) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 13: Global: Human Resource Technology (Talent Management) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 14: Global: Human Resource Technology (Payroll Management) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 15: Global: Human Resource Technology (Payroll Management) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 16: Global: Human Resource Technology (Performance Management) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 17: Global: Human Resource Technology (Performance Management) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 18: Global: Human Resource Technology (Workforce Management) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 19: Global: Human Resource Technology (Workforce Management) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 20: Global: Human Resource Technology (Recruitment) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 21: Global: Human Resource Technology (Recruitment) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 22: Global: Human Resource Technology (Others) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 23: Global: Human Resource Technology (Others) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 24: Global: Human Resource Technology (Inhouse) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 25: Global: Human Resource Technology (Inhouse) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 26: Global: Human Resource Technology (Outsourced) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 27: Global: Human Resource Technology (Outsourced) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 28: Global: Human Resource Technology (Travel, Transportation, and Hospitality) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 29: Global: Human Resource Technology (Travel, Transportation, and Hospitality) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 30: Global: Human Resource Technology (Public Sector) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 31: Global: Human Resource Technology (Public Sector) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 32: Global: Human Resource Technology (Health Care) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 33: Global: Human Resource Technology (Health Care) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 34: Global: Human Resource Technology (Information Technology) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 35: Global: Human Resource Technology (Information Technology) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 36: Global: Human Resource Technology (Banking, Financial Services, and Insurance) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 37: Global: Human Resource Technology (Banking, Financial Services, and Insurance) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 38: Global: Human Resource Technology (Others) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 39: Global: Human Resource Technology (Others) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 40: Global: Human Resource Technology (Less than 1k Employees) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 41: Global: Human Resource Technology (Less than 1k Employees) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 42: Global: Human Resource Technology (1k -5k Employees) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 43: Global: Human Resource Technology (1k -5k Employees) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 44: Global: Human Resource Technology (Greater than 5k Employees) Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 45: Global: Human Resource Technology (Greater than 5k Employees) Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 46: North America: Human Resource Technology Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 47: North America: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 48: Asia Pacific: Human Resource Technology Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 49: Asia Pacific: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 50: Europe: Human Resource Technology Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 51: Europe: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 52: Middle East and Africa: Human Resource Technology Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 53: Middle East and Africa: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 54: Latin America: Human Resource Technology Market: Sales Value (in Billion US$), 2018 & 2023
- Figure 55: Latin America: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2024-2032
List of Tables
- Table 1: Global: Human Resource Technology Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Human Resource Technology Market Forecast: Breakup by Application (in Billion US$), 2024-2032
- Table 3: Global: Human Resource Technology Market Forecast: Breakup by Type (in Billion US$), 2024-2032
- Table 4: Global: Human Resource Technology Market Forecast: Breakup by End-Use Industry (in Billion US$), 2024-2032
- Table 5: Global: Human Resource Technology Market Forecast: Breakup by Company Size (in Billion US$), 2024-2032
- Table 6: Global: Human Resource Technology Market Forecast: Breakup by Region (in Billion US$), 2024-2032
- Table 7: Global: Human Resource Technology Market Structure
- Table 8: Global: Human Resource Technology Market: Key Players
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