Human Resource (HR) Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Human Resource (HR) Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • August 2021 •
  • 166 pages •
  • Report ID: 5878813 •
  • Format: PDF
The global human resource (HR) technology market reached a value of US$ 25.76 Billion in 2020. Looking forward, the analyst expects the market to grow at a CAGR of 9.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

Market Breakup by Application

Talent Management
Payroll Management
Performance Management
Workforce Management
Recruitment
Others

Market Breakup by Type

Inhouse
Outsourced

Market Breakup by End-Use Industry

TTH (Travel, Transportation, Hospitality)
Public Sector
Health Care
Information Technology
BFSI (Banking, Financial services, and Insurance)
Others

Market Breakup by Company Size

Less than 1k Employees
1k -5k Employees
Greater than 5k Employees

Market Breakup by Region

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Key Questions Answered in This Report:
How has the global human resource technology market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global human resource technology market?
What is the breakup of the global human resource technology market based on the application?
What is the breakup of the global human resource technology market based on the type?
What is the breakup of the global human resource technology market based on the end use industry?
What is the breakup of the global human resource technology market based on the company size?
What is the breakup of the global human resource technology market based on the region?
What are the key driving factors and challenges in the global human resource technology market?
What is the structure of the global human resource technology market and who are the key players?
What is the degree of competition in the global human resource technology market?