Insights on the Human Resource Technology Global Market to 2027 - by Application, Type, End-use Industry, Company Size and Region

·6 min read

DUBLIN, June 28, 2022 /PRNewswire/ -- The "Human Resource (HR) Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to's offering.

Research and Markets Logo
Research and Markets Logo

The Human Resource (HR) Technology Market reached a value of $28.65 Billion in 2021. Looking forward, the publisher expects the market to reach $48.85 Billion by 2027, exhibiting a CAGR of 9.2% during 2022-2027. 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.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being SAP, Workday, ADP, Oracle, Microsoft, Kronos Incorporated, Ultimate Software, SumTotal Systems, IBM and Ceridian, etc.

Key Questions Answered in this Report
1. What is the size of the global human resource (HR) technology market?
2. What is the expected growth rate of the global human resource (HR) technology market?
3. What are the key factors driving the global human resource (HR) technology market?
4. What has been the impact of COVID-19 on the global human resource (HR) technology market?
5. What is the breakup of the global human resource (HR) technology market based on the application?
6. What is the breakup of the global human resource (HR) technology market based on the type?
7. What is the breakup of the global human resource (HR) technology market based on the end-use industry?
8. What is the breakup of the global human resource (HR) technology market based on the company size?
9. What are the key regions in the global human resource (HR) technology market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Human Resource Technology Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Application
5.5 Market Breakup by Type
5.6 Market Breakup by End-Use Industry
5.7 Market Breakup by Company Size
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.12 Porters Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
5.13 Price Analysis

6 Market Breakup by Application
6.1 Talent Management
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Payroll Management
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Performance Management
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Workforce Management
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Recruitment
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast

7 Market Breakup by Type
7.1 Inhouse
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Outsourced
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by End-Use Industry
8.1 TTH (Travel, Transportation, and Hospitality)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Public Sector
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Health Care
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Information Technology
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 BFSI (Banking, Financial Services, and Insurance)
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast

9 Market Breakup by Company Size
9.1 Less than 1k Employees
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 1k - 5k Employees
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Greater than 5k Employees
9.3.1 Market Trends
9.3.2 Market Forecast

10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Asia Pacific
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 SAP
11.3.2 Workday
11.3.3 ADP
11.3.4 Oracle
11.3.5 Microsoft
11.3.6 Kronos Incorporated
11.3.7 Ultimate Software
11.3.8 SumTotal Systems
11.3.9 IBM
11.3.10 Ceridian

For more information about this report visit

Media Contact:

Research and Markets
Laura Wood, Senior Manager

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716



View original content:

SOURCE Research and Markets