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Human Resource Technology Market to hit USD 39.60 Bn by 2029 at a CAGR of 7.7 percent, Business Growth and Latest Advancements

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Human Resource Technology Market to hit USD 39.60 Bn by 2029 at a CAGR of 7.7 percent, Business Growth and Latest Advancements

April 20
18:12 2023
Human Resource Technology Market to hit USD 39.60 Bn by 2029 at a CAGR of 7.7 percent, Business Growth and Latest Advancements
Human Resource Management Software Market
Human Resource Management Software Market was valued at USD 51.90 billion in 2027. Its market size is estimated to grow at a CAGR of 10.10 % over the forecast period.

Pune, 20, April, 2023: Maximize Market Research, an Information Technology & Telecommunication business research firm has published a report on the “Human Resource Technology Market”. The total market opportunity for Human Resource Technologies was 23.90 Bn in 2022 and is expected to grow at 7.7 percent CAGR through the forecast period to reach USD 39.60 Bn by 2029.

Human Resource Technology Market Report Scope and Research Methodology

The report aims to provide insights into Human Resource Technology Market. Leading players in the Human Resource Technology industry are profiled to study their product offerings and understand their strategies in the market. The information included in the report benefits clients by helping them to understand the Human Resource Technology market dynamics and the forecasts provided in the report enable firms to understand trends in the market and better position themselves to capitalize on the growth opportunities. 

The bottom-up approach was used to estimate the global and regional Human Resource Technology market Deployment- mode. Both research methods primary and secondary were employed and the information collected by using these methods was combined, which made the Human Resource Technology market report authentic. The primary research was conducted to validate the gathered data in terms of acceptability and accuracy while secondary research includes the data collection from official databases of various organizations and government sites, industry journals, annual reports, white papers and releases of product manufacturers and suppliers in the Human Resource Technology industry along with paid and free databases. SWOT analysis was employed to provide the strengths, weaknesses, opportunities and threats of the Human Resource Technology market players and the industry. PORTER, PESTEL analysis was used to understand the potential impact of macro-economic and micro-economic factors of the Human Resource Technology market.

Human Resource Technology Market Dynamics

The primary driver of the market is the increasing need for people with advanced skills and expertise. The market is also majorly driven by the aging of conventional human resource technology tools as enterprises that are gradually adopting the human resource software ecosystem. The factor that is positively impacting the market is the growing working population and complex management methods. During the forecast period, the market growth is expected to be driven by the increasing adoption of artificial intelligence and machine learning. 

The threat to data privacy and limitations of data integration is the main restraining factor for the growth of the market. 

Get a Sample Copy of the Report: https://www.maximizemarketresearch.com/request-sample/63765 

Human Resource Technology Market Regional Insights

In 2022, the North America region dominated the global Human Resource Technology Market and is expected to continue this trend during the forecast period. The market is driven by the major focus on the improvement of business process and enhancing HR analytics offered by human resource technology vendors. The presence of headquarters of major human resource technology vendors is also the key reason for the dominance of the regional market. 

Human Resource Technology Market Segmentation

By Type

  • Talent Management
  • Payroll Management
  • Performance Management
  • Workforce Management
  • Others

 

By Deployment- mode

  • On-Premises
  • Cloud

 

By Organization Size

  • Large Enterprises
  • Small and Medium Sized Enterprises (SMEs)

 

By End-User

  • BFSI
  • IT and Telecom
  • Healthcare
  • Retail
  • Manufacturing
  • Government
  • Others

 

Human Resource Technology Market Key Competitors include:

  • ADP Inc.
  • Cegid
  • Ceridian HCM
  • Cornerstone OnDemand, Inc
  • IBM Corporation
  • Oracle Corporation
  • Workday Inc.
  • SAP SE
  • Hi Bob, Inc
  • Automatic Data Processing(ADP),Inc
  • The Access Group
  • Infor, Inc
  • UKG Inc
  • SumTotal system

 

Table of Content for Human Resource Technology Market

  • Global Human Resource Technology Market: Research Methodology

 

  • Global Human Resource Technology Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Global Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders 
  • Recommendations for New Market Entry

 

  • Global Human Resource Technology Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities 
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • PESTLE
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact

 

  • Global Human Resource Technology Market Segmentation
  • Global Market, by Type (2021-2029)
  • Global Market, by Deployment- mode (2021-2029)
  • Global Market, by Organization Size (2021-2029)
  • Global Market, by End-User (2021-2029)

 

  • Regional Human Resource Technology Market (2021-2029)
  • Regional Market, by Type (2021-2029)
  • Regional Market, by Deployment- mode (2021-2029)
  • Regional Market, by Organization Size (2021-2029)
  • Regional Market, by End-User (2021-2029)
  • Regional Market, by Country (2021-2029)

 

  • Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy 
  • Recent Developments

 

Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/63765 

Key questions answered in the Human Resource Technology Market are:

  • What is Human Resource Technology?
  • What are the global trends in the Human Resource Technology Market?
  • What are the upcoming industry applications and trends for the Human Resource Technology Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Human Resource Technology Market? 
  • What growth strategies are the players considering to increase their presence in Human Resource Technology?
  • Who are the leading players in Human Resource Technology Market? 
  • What are the major challenges that the Human Resource Technology Market could face in the future? 
  • Which region held the largest Human Resource Technology market share in 2022? 

 

Key Offerings:

  • Past Market Deployment- mode and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Deployment- mode, Share, Deployment- mode & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Type, Deployment- mode, Organization Size, End-User and Region 
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

 

Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

Human Machine Interface Market – The market Deployment- mode is expected to reach USD 11.57 billion by 2029 at a CAGR of 9.76 percent during the forecast period. The market is expected to be driven by the increasing trend of protocol conversion for data transmission amongst all linked devices. 

Human Capital Management (HCM) SaaS Market – The market Deployment- mode is expected to reach USD 33.53 billion by 2029 at a CAGR of 6.9 percent during the forecast period. The market is expected to be driven by the increasing adoption of HRM software.

 

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

 

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

[email protected] 

+91 96071 95908, +91 9607365656

Media Contact
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact Person: Geeta Yevle
Email: Send Email
Phone: +91 9607365656
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India
Website: https://www.maximizemarketresearch.com/market-report/global-human-resource-management-software-market/63765/

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