Human Resource (HR) Technology Market size worth $ 38.36 Billion, Globally, by 2030 at 5.7 % CAGR: Verified Market Research

Huge investments from key players in the development of new software and solutions in order to optimize business processes and attain cost reduction are some of the factors to lead the Human Resource (HR) Technology Market.

Verified Market Research recently published a report, “Human Resource (HR) Technology Market” By Application (Payroll Management, Performance Management, Talent Management), By End-use Industry and By Geography. According to Verified Market Research, the Human Resource (HR) Technology Market size was valued at USD 23.32 Billion in 2021 and is projected to reach USD 38.36 Billion by 2030, growing at a CAGR of 5.7% from 2022 to 2030.

Global Human Resource (HR) Technology Market Overview

The worldwide human resource technology market is primarily driven by the irrelevance of conventional human resource tools in the technologically advanced world, with organizations now increasingly adopting the human resource software ecosystem. More importantly, the need for such solutions for a wide range of applications, including talent management and workforce management, has grown in response to rapid technological progress.

Furthermore, an increasing working population, as well as complex management practices are having a favorable impact on this sector. This has resulted in an increase in the number of companies offering recruiting, evaluation, advertising, and interviewing services in the marketplace. However, the expansion of the global human resources technology industry was hampered by difficulties in the synchronization and aggregation of data from various technologies.

HR Technology News: Quantum Workplace Named a Major Contender in 2022 PEAK Matrix Assessment for Employee Experience

Key Developments

  • On February 2021, Ceridian HCM Inc. acquired Ascender, an HR technology company headquartered in Japan. Through this transaction, the company intends to deliver complete human capital management and payroll solutions across the Asia Pacific region.
  • On January 2022, Darwinbox, a cloud base HR Technology startup raised $72 million in a funding round which was led by Netflix backer TCV at a valuation of more than $1 billion.

Key Players

The major players in the market are SAP, ADP, Oracle, Microsoft, Kronos Incorporated, Workday, SumTotal Systems, Ceridian, and IBM.

Verified Market Research has segmented the Global Human Resource (HR) Technology Market On the basis of Application, End-use Industry, and Geography.

  • Human Resource (HR) Technology Market, By Application
    • Payroll Management
    • Performance Management
    • Talent Management
    • Recruitment
    • Workforce Management
    • Others
  • Human Resource (HR) Technology Market, By End-Use Industry
    • Health Care
    • Information Technology
    • BFSI
    • Public Sector
    • Others
  • Human Resource (HR) Technology Market, by Geography

Browse Related Reports:

Human Resources Market By Service (Integration & Deployment, Support & Maintenance), By Deployment (Hosted, On-Premise), By Enterprise (Large Enterprise, Small & Medium Enterprise), By Geography, Forecast, 2021-2028

Data Visualization Tools Market By Tool (Standalone and Integrated), By Organization Size (Large Enterprises and Small & Medium Enterprises), By Deployment Mode (On-Premise & Cloud), By Vertical (Transportations and Logistics, Telecommunications and IT, Manufacturing, Retail, and E-Commerce & Others), By Business Function (Human Resources, Marketing, Finance & Operations), By Geography, Forecast, 2021-2028

HR Technology News: XTM Secures Integration to 20 Point-Of-Sale Systems (POS) And Time Tracking Software Accelerating US Roll-Out

Task Management Software Market By Business Function (Marketing, Human Resources), By Component (Software, Services), By Organization Size (Small And Medium-Sized Enterprises (SMEs), Large Enterprises), By Deployment Type (On-Premises, Cloud), By Industry Vertical (Healthcare, IT And Telecom), By Geography, Forecast, 2021-2028

Saas Based Human Resource (HRM) Market By Product (On-premise, Cloud-Based), By Application (Healthcare, Corporate, Educational Institutes, Government Sector, Others), By Geography, Forecast, 2021-2028

Top 5 Employee Recognition Software enhances company culture by recognizing employees’ work

Visualize Human Resource (HR) Technology Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

HR Technology News: BambooHR Welcomes Anita Grantham, Head of HR

[To share your insights with us, please write to]