Human Resource (HR) Technology Market Driving Factors, Key Players and Growth Opportunities by 2024

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According to the IMARC Group, Human resource technology has emerged as a time-effective solution in managing some of the most meticulous HR tasks related to payrolls, workforce performance, analyzing employee feedbacks, talent acquisition, etc. The technology helps in enhancing the productivity of the HR team, thus consequently benefiting the overall workflow of the organization. Furthermore, HR technology aids in providing transparency in terms of employee-based data that can be accessed, evaluated, and applied to better understand the sentiments of the workforce.

The global market for HR technology is primarily driven by the aging of conventional human resource tools as numerous enterprises are getting inclined towards the human resource software ecosystem. Additionally, the growing adoption of human resource software solutions based on their time- and cost-effectiveness is also propelling the global market. Besides this, the rising working population and complex management methods are further catalyzing the need for HR technology. Furthermore, human resource technology lowers the risks of systemic errors in comparison to the conventional methods of human resourcing, thereby experiencing a high demand on a global level.

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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

 

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group
Tel No: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

 

 

Location: United States

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