Human Resource (HR) Technology Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	140 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224319

Best Price Guarantee
Price	from $4,850
Length	140 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224319

Human Resource (HR) Technology Market

Growth Factors of Human Resource (HR) Technology Market

The Human Resource (HR) Technology market size was valued at USD 37.66 billion in 2023, and the market is now projected to grow from USD 40.45 billion in 2024 to USD 81.84 billion by 2032, exhibiting a CAGR of 9.2% during the forecast period of 2024-2032.

The disruptions led by the pandemic caused the fast move in market elements of working models and forced human asset groups and divisions to grasp other ways to respond to the demands of the representative or workforce. Consequently, the arrangement of human asset innovation arrangements, including ability administration, workforce administration, enlistment, and finance administration, made a development opportunity for the Human Resource (HR) Technology market growth.

The fast move in market flow and working models has constrained human asset groups and offices to explore different ways of assembly the requests of the representatives or workforce. The selection of AI instruments, especially GenAI, is picking up traction in human resources, advertising imperative resources to upskill representatives, make substance from distinctive sources, and summarize different information sets, enabling HR capacities over the organization.

HR innovation rises as an apparatus for improving representative engagement by reorganizing HR forms, progressing the flow of communication, and personalizing the worker encounter. Executing the representative involvement stage into the human resource (HR) innovation upgrades the worker involvement by decreasing authoritative issues, moving forward access to the data, and empowering representatives to center on their work.

Comprehensive Analysis of Human Resource (HR) Technology Market

On the source of type, the marketplace is sectioned into talent administration, workforce administration, recruitment, payroll administration, performance administration, and others. The talent management section is anticipated to hold the most noteworthy market share. On the source of deployment, the market arena is classified into cloud and on-premises. Cloud-based arrangements hold the most elevated market share and are anticipated to develop with the most noteworthy CAGR. On the foundation of enterprise, the market further is rationalized into small and medium sized enterprises (SMEs) and large enterprises. The large enterprises portion will hold a noteworthy showcase share amid the estimate period, emphasizing representatives as crucial donors to venture victory. On the roots of industry analysis, the market structure is isolated into BFSI, IT & telecommunication, government, fabricating, retail, healthcare, and others. The IT and broadcast communications fragment holds the most elevated market share due to HR experts overseeing workers within the industry.

The North American territory with a valuation of USD 17.24 billion, is inclined to hold the greatest human resource (HR) technology market share within the worldwide market due to the nearness of major human asset innovation arrangement vendors. The surge in work openings over the U.S. and Canada makes demand for recruitment, talent administration, and performance administration HR solutions.

The major operating market players in the market play a crucial role in assuring industrial prospectus growth and setting market standards. These players listed as: SAP SE (Germany), Workday Inc. (U.S.), Oracle Corporation (U.S.), Infor Inc. (U.S.), Ceridian HCM Holding Inc. (U.S.), Automatic Data Processing (ADM) Inc. (U.S.), Hi Bob Inc. (U.S.), Cornerstone OnDemand Inc. (U.S.), The Access Group (U.K.), Cegid Group (France) and others. These top-notch players accomplish this by presenting customized arrangements and unused items to draw in an assorted client base, in this way progressing income development. These companies are pointing to secure little and nearby firms to grow their business presence.

In the month of October 2023, the company Workday extended its association with ADP to supply worldwide compliance, finance, and HR encounters for joint clients. The association pointed to empower the client to see information over their HCM situations, counting charge, compliance, and finance.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 9.2% from 2024 to 2032

Segmentation By Type

Talent Management
Workforce Management
Recruitment
Payroll Management
Performance Management
Others (Employee Collaboration & Engagement)

By Deployment

Cloud
On-premise

By Enterprise Type

Small and Medium Sized Enterprises (SMEs)
Large Enterprises

By Industry

BFSI
IT and Telecommunication
Government
Manufacturing
Retail
Healthcare
Others (Education)

By Region

North America (Type, Deployment, Enterprise Type, Industry, and Country)
U.S. (By Industry)
Canada (By Industry)
Mexico (By Industry)
Europe (Type, Deployment, Enterprise Type, Industry, and Country)
U.K. (By Industry)
Germany (By Industry)
Italy (By Industry)
France (By Industry)
Russia (By Industry)
Spain (By Industry)
Benelux (By Industry)
Nordics (By Industry)
Rest of Europe
Asia Pacific (Type, Deployment, Enterprise Type, Industry, and Country)
China (By Industry)
Japan (By Industry)
India (By Industry)
South Korea (By Industry)
ASEAN (By Industry)
Oceania (By Industry)
Rest of Asia Pacific
Middle East & Africa (Type, Deployment, Enterprise Type, Industry, and Country)
Turkey (By Industry)
GCC (By Industry)
Israel (By Industry)
North Africa (By Industry)
South Africa (By Industry)
Rest of the Middle East & Africa
South America (Type, Deployment, Enterprise Type, Industry, and Country)
Brazil (By Industry)
Argentina (By Industry)
Rest of South America

1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends; 3.3. Impact of Generative AI
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Human Resource (HR) Technology Market Key Players Market Share/Ranking, 2023
5. Global Human Resource (HR) Technology Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Type; 5.2.1. Talent Management; 5.2.2. Workforce Management; 5.2.3. Recruitment; 5.2.4. Payroll Management; 5.2.5. Performance Management; 5.2.6. Others (Employee collaboration and Engagement); 5.3. By Deployment; 5.3.1. Cloud; 5.3.2. On-premise; 5.4. By Enterprise Type; 5.4.1. Small and Medium Enterprises (SMEs); 5.4.2. Large Enterprises; 5.5. By Industry; 5.5.1. BFSI; 5.5.2. IT and Telecommunication; 5.5.3. Government; 5.5.4. Manufacturing; 5.5.5. Retail; 5.5.6. Healthcare; 5.5.7. Others (Education); 5.6. By Region (USD); 5.6.1. North America; 5.6.2. Europe; 5.6.3. Asia Pacific; 5.6.4. Middle East & Africa; 5.6.5. South America
6. North America Human Resource (HR) Technology Market Size Estimates and Forecasts, By Segments, 2019-2032: 6.1. Key Findings; 6.2. By Type; 6.2.1. Talent Management; 6.2.2. Workforce Management; 6.2.3. Recruitment; 6.2.4. Payroll Management; 6.2.5. Performance Management; 6.2.6. Others; 6.3. By Deployment; 6.3.1. Cloud; 6.3.2. On-premise; 6.4. By Enterprise Type; 6.4.1. Small and Medium Enterprises (SMEs); 6.4.2. Large Enterprises; 6.5. By Industry; 6.5.1. BFSI; 6.5.2. IT and Telecommunication; 6.5.3. Government; 6.5.4. Manufacturing; 6.5.5. Retail; 6.5.6. Healthcare; 6.5.7. Others; 6.6. By Country (USD); 6.6.1. United States; 6.6.1.1. By Industry; 6.6.2. Canada; 6.6.2.1. By Industry; 6.6.3. Mexico; 6.6.3.1. By Industry
7. South America Human Resource (HR) Technology Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Type; 7.2.1. Talent Management; 7.2.2. Workforce Management; 7.2.3. Recruitment; 7.2.4. Payroll Management; 7.2.5. Performance Management; 7.2.6. Others; 7.3. By Deployment; 7.3.1. Cloud; 7.3.2. On-premise; 7.4. By Enterprise Type; 7.4.1. Small and Medium Enterprises (SMEs); 7.4.2. Large Enterprises; 7.5. By Industry; 7.5.1. BFSI; 7.5.2. IT and Telecommunication; 7.5.3. Government; 7.5.4. Manufacturing; 7.5.5. Retail; 7.5.6. Healthcare; 7.5.7. Others; 7.6. By Country (USD); 7.6.1. Brazil; 7.6.1.1. By Industry; 7.6.2. Argentina; 7.6.2.1. By Industry; 7.6.3. Rest of South America
8. Europe Human Resource (HR) Technology Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Type; 8.2.1. Talent Management; 8.2.2. Workforce Management; 8.2.3. Recruitment; 8.2.4. Payroll Management; 8.2.5. Performance Management; 8.2.6. Others; 8.3. By Deployment; 8.3.1. Cloud; 8.3.2. On-premise; 8.4. By Enterprise Type; 8.4.1. Small and Medium Enterprises (SMEs); 8.4.2. Large Enterprises; 8.5. By Industry; 8.5.1. BFSI; 8.5.2. IT and Telecommunication; 8.5.3. Government; 8.5.4. Manufacturing; 8.5.5. Retail; 8.5.6. Healthcare; 8.5.7. Others; 8.6. By Country (USD); 8.6.1. United Kingdom; 8.6.1.1. By Industry; 8.6.2. Germany; 8.6.2.1. By Industry; 8.6.3. France; 8.6.3.1. By Industry; 8.6.4. Italy; 8.6.4.1. By Industry; 8.6.5. Spain; 8.6.5.1. By Industry; 8.6.6. Russia; 8.6.6.1. By Industry; 8.6.7. Benelux; 8.6.7.1. By Industry; 8.6.8. Nordics; 8.6.8.1. By Industry; 8.6.9. Rest of Europe
9. Asia Pacific Human Resource (HR) Technology Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Type; 9.2.1. Talent Management; 9.2.2. Workforce Management; 9.2.3. Recruitment; 9.2.4. Payroll Management; 9.2.5. Performance Management; 9.2.6. Others; 9.3. By Deployment; 9.3.1. Cloud; 9.3.2. On-premise; 9.4. By Enterprise Type; 9.4.1. Small and Medium Enterprises (SMEs); 9.4.2. Large Enterprises; 9.5. By Industry; 9.5.1. BFSI; 9.5.2. IT and Telecommunication; 9.5.3. Government; 9.5.4. Manufacturing; 9.5.5. Retail; 9.5.6. Healthcare; 9.5.7. Others (Education, etc.); 9.6. By Country (USD); 9.6.1. China; 9.6.1.1. By Industry; 9.6.2. India; 9.6.2.1. By Industry; 9.6.3. Japan; 9.6.3.1. By Industry; 9.6.4. South Korea; 9.6.4.1. By Industry; 9.6.5. ASEAN; 9.6.5.1. By Industry; 9.6.6. Oceania; 9.6.6.1. By Industry; 9.6.7. Rest of Asia Pacific
10. Middle East & Africa Human Resource (HR) Technology Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Type; 10.2.1. Talent Management; 10.2.2. Workforce Management; 10.2.3. Recruitment; 10.2.4. Payroll Management; 10.2.5. Performance Management; 10.2.6. Others; 10.3. By Deployment; 10.3.1. Cloud; 10.3.2. On-premise; 10.4. By Enterprise Type; 10.4.1. Small and Medium Enterprises (SMEs); 10.4.2. Large Enterprises; 10.5. By Industry; 10.5.1. BFSI; 10.5.2. IT and Telecommunication; 10.5.3. Government; 10.5.4. Manufacturing; 10.5.5. Retail; 10.5.6. Healthcare; 10.5.7. Others (Education, etc.); 10.6. By Country (USD); 10.6.1. Turkey; 10.6.1.1. By Industry; 10.6.2. Israel; 10.6.2.1. By Industry; 10.6.3. GCC; 10.6.3.1. By Industry; 10.6.4. North Africa; 10.6.4.1. By Industry; 10.6.5. South Africa; 10.6.5.1. By Industry; 10.6.6. Rest of MEA
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 11.1. SAP SE; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Oracle Corporation; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Automatic Data Processing (ADP), Inc.; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. Cornerstone OnDemand, Inc.; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Ceridian HCM Holding Inc.; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. Workday, Inc.; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. Infor, Inc.; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. Cegid Group; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. Hi bob Inc.; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. The Access Group; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments
12. Key Takeaways