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Human Resource Technology Market By Type, By Deployment Mode, By Organization Size, By End-User: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 280 Pages
  • January 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751157
HR technology (human resources technology) is a support term for software and associated hardware for automating the human resources function in organizations. It includes employee payroll and compensation, talent acquisition and management, workforce analytics, performance management, and benefits administration. In addition, large employers around the world are widely adopting core HR technology systems from enterprise software companies such as Oracle and SAP, as well as specialized HR tech vendors.

Increase in automation of HR operations and surge in the trend of hybrid working models across various organizations are driving the growth of the market. In addition, rise in need for cost-effective HR technologies is fueling the growth of the human resource (HR) technology market. However, limitations of data integration and threat to data privacy hinder the market growth and malfunctions & unauthorized access and requires highly specialized skilled operators limits the growth of this market. Conversely, Surge in innovation and decentralized HR evolving new management skills and increase in the integration of Robotic Process Automation (RPA) in HR management is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.

The global human resource (HR) technology market is segmented into type, enterprise size, deployment mode, end user, and region. Depending on the type, the market is divided into Talent Management, Payroll Management, Performance Management, Workforce Management, and Others. Based on enterprise size, it is categorized into large enterprises and SMEs. By Deployment mode, it is divided into on-premises and cloud. Based on end-user, it is bifurcated into BFSI, IT & telecom, healthcare, retail, manufacturing, government, and Others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global Human Resource (HR) Technology market is dominated by key players such as ADP, Inc., Cegid, Ceridian HCM, Inc., Cornerstone OnDemand, Inc., Hi Bob, Inc., IBM Corporation, Infor, Oracle Corporation, SAP SE and Workday, Inc. These players have adopted various Strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global Human Resource (HR) Technology market forecast along with the current & future trends to explain the imminent investment pockets.
  • information about key drivers, restraints, & opportunities and their impact analysis on global Human Resource (HR) Technology market trends is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.

Key Market Segments

By Type

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

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

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Cegid
  • Hi Bob, Inc.
  • Infor
  • SAP SE
  • Workday, Inc.
  • Ceridian HCM, Inc.
  • IBM Corporation
  • Oracle Corporation
  • ADP, Inc.
  • Cornerstone OnDemand, Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1. Increase in automation of HR Operations
3.4.1.2. Surge in the trend of hybrid working models across various organizations
3.4.1.3. Rise in need for cost-effective HR technologies
3.4.2.Restraints
3.4.2.1. Limitations of data integration and threat to data privacy hinder the market growth
3.4.2.2. Malfunctions & unauthorized Access, and requires highly specialized skilled operators
3.4.3.Opportunities
3.4.3.1. Surge in innovation and decentralized HR evolving new management skills
3.4.3.2. Increase in the integration of Robotic Process Automation (RPA) in HR management
3.5.COVID-19 Impact Analysis on the market

CHAPTER 4: HUMAN RESOURCE (HR) TECHNOLOGY MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Talent Management
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Payroll Management
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Performance Management
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Workforce Management
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6. Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country

CHAPTER 5: HUMAN RESOURCE (HR) TECHNOLOGY MARKET, BY DEPLOYMENT MODE
5.1 Overview
5.1.1 Market size and forecast
5.2. On-Premises
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Cloud
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: HUMAN RESOURCE (HR) TECHNOLOGY MARKET, BY ORGANIZATION SIZE
6.1 Overview
6.1.1 Market size and forecast
6.2. Large Enterprises
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Small and Medium Sized Enterprises (SMEs)
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country

CHAPTER 7: HUMAN RESOURCE (HR) TECHNOLOGY MARKET, BY END-USER
7.1 Overview
7.1.1 Market size and forecast
7.2. BFSI
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3. IT and Telecom
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4. Healthcare
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
7.5. Retail
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market share analysis by country
7.6. Manufacturing
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market share analysis by country
7.7. Government
7.7.1 Key market trends, growth factors and opportunities
7.7.2 Market size and forecast, by region
7.7.3 Market share analysis by country
7.8. Others
7.8.1 Key market trends, growth factors and opportunities
7.8.2 Market size and forecast, by region
7.8.3 Market share analysis by country

CHAPTER 8: HUMAN RESOURCE (HR) TECHNOLOGY MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Type
8.2.3 North America Market size and forecast, by Deployment Mode
8.2.4 North America Market size and forecast, by Organization Size
8.2.5 North America Market size and forecast, by End-User
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Key market trends, growth factors and opportunities
8.2.6.1.2 Market size and forecast, by Type
8.2.6.1.3 Market size and forecast, by Deployment Mode
8.2.6.1.4 Market size and forecast, by Organization Size
8.2.6.1.5 Market size and forecast, by End-User
8.2.6.2 Canada
8.2.6.2.1 Key market trends, growth factors and opportunities
8.2.6.2.2 Market size and forecast, by Type
8.2.6.2.3 Market size and forecast, by Deployment Mode
8.2.6.2.4 Market size and forecast, by Organization Size
8.2.6.2.5 Market size and forecast, by End-User
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Type
8.3.3 Europe Market size and forecast, by Deployment Mode
8.3.4 Europe Market size and forecast, by Organization Size
8.3.5 Europe Market size and forecast, by End-User
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Key market trends, growth factors and opportunities
8.3.6.1.2 Market size and forecast, by Type
8.3.6.1.3 Market size and forecast, by Deployment Mode
8.3.6.1.4 Market size and forecast, by Organization Size
8.3.6.1.5 Market size and forecast, by End-User
8.3.6.2 Germany
8.3.6.2.1 Key market trends, growth factors and opportunities
8.3.6.2.2 Market size and forecast, by Type
8.3.6.2.3 Market size and forecast, by Deployment Mode
8.3.6.2.4 Market size and forecast, by Organization Size
8.3.6.2.5 Market size and forecast, by End-User
8.3.6.3 France
8.3.6.3.1 Key market trends, growth factors and opportunities
8.3.6.3.2 Market size and forecast, by Type
8.3.6.3.3 Market size and forecast, by Deployment Mode
8.3.6.3.4 Market size and forecast, by Organization Size
8.3.6.3.5 Market size and forecast, by End-User
8.3.6.4 Italy
8.3.6.4.1 Key market trends, growth factors and opportunities
8.3.6.4.2 Market size and forecast, by Type
8.3.6.4.3 Market size and forecast, by Deployment Mode
8.3.6.4.4 Market size and forecast, by Organization Size
8.3.6.4.5 Market size and forecast, by End-User
8.3.6.5 Spain
8.3.6.5.1 Key market trends, growth factors and opportunities
8.3.6.5.2 Market size and forecast, by Type
8.3.6.5.3 Market size and forecast, by Deployment Mode
8.3.6.5.4 Market size and forecast, by Organization Size
8.3.6.5.5 Market size and forecast, by End-User
8.3.6.6 Rest of Europe
8.3.6.6.1 Key market trends, growth factors and opportunities
8.3.6.6.2 Market size and forecast, by Type
8.3.6.6.3 Market size and forecast, by Deployment Mode
8.3.6.6.4 Market size and forecast, by Organization Size
8.3.6.6.5 Market size and forecast, by End-User
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Type
8.4.3 Asia-Pacific Market size and forecast, by Deployment Mode
8.4.4 Asia-Pacific Market size and forecast, by Organization Size
8.4.5 Asia-Pacific Market size and forecast, by End-User
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Key market trends, growth factors and opportunities
8.4.6.1.2 Market size and forecast, by Type
8.4.6.1.3 Market size and forecast, by Deployment Mode
8.4.6.1.4 Market size and forecast, by Organization Size
8.4.6.1.5 Market size and forecast, by End-User
8.4.6.2 Japan
8.4.6.2.1 Key market trends, growth factors and opportunities
8.4.6.2.2 Market size and forecast, by Type
8.4.6.2.3 Market size and forecast, by Deployment Mode
8.4.6.2.4 Market size and forecast, by Organization Size
8.4.6.2.5 Market size and forecast, by End-User
8.4.6.3 India
8.4.6.3.1 Key market trends, growth factors and opportunities
8.4.6.3.2 Market size and forecast, by Type
8.4.6.3.3 Market size and forecast, by Deployment Mode
8.4.6.3.4 Market size and forecast, by Organization Size
8.4.6.3.5 Market size and forecast, by End-User
8.4.6.4 Australia
8.4.6.4.1 Key market trends, growth factors and opportunities
8.4.6.4.2 Market size and forecast, by Type
8.4.6.4.3 Market size and forecast, by Deployment Mode
8.4.6.4.4 Market size and forecast, by Organization Size
8.4.6.4.5 Market size and forecast, by End-User
8.4.6.5 South Korea
8.4.6.5.1 Key market trends, growth factors and opportunities
8.4.6.5.2 Market size and forecast, by Type
8.4.6.5.3 Market size and forecast, by Deployment Mode
8.4.6.5.4 Market size and forecast, by Organization Size
8.4.6.5.5 Market size and forecast, by End-User
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Key market trends, growth factors and opportunities
8.4.6.6.2 Market size and forecast, by Type
8.4.6.6.3 Market size and forecast, by Deployment Mode
8.4.6.6.4 Market size and forecast, by Organization Size
8.4.6.6.5 Market size and forecast, by End-User
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Type
8.5.3 LAMEA Market size and forecast, by Deployment Mode
8.5.4 LAMEA Market size and forecast, by Organization Size
8.5.5 LAMEA Market size and forecast, by End-User
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Key market trends, growth factors and opportunities
8.5.6.1.2 Market size and forecast, by Type
8.5.6.1.3 Market size and forecast, by Deployment Mode
8.5.6.1.4 Market size and forecast, by Organization Size
8.5.6.1.5 Market size and forecast, by End-User
8.5.6.2 Middle East
8.5.6.2.1 Key market trends, growth factors and opportunities
8.5.6.2.2 Market size and forecast, by Type
8.5.6.2.3 Market size and forecast, by Deployment Mode
8.5.6.2.4 Market size and forecast, by Organization Size
8.5.6.2.5 Market size and forecast, by End-User
8.5.6.3 Africa
8.5.6.3.1 Key market trends, growth factors and opportunities
8.5.6.3.2 Market size and forecast, by Type
8.5.6.3.3 Market size and forecast, by Deployment Mode
8.5.6.3.4 Market size and forecast, by Organization Size
8.5.6.3.5 Market size and forecast, by End-User

CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES
10.1 Cegid
10.1.1 Company overview
10.1.2 Key Executives
10.1.3 Company snapshot
10.1.4 Operating business segments
10.1.5 Product portfolio
10.1.6 Business performance
10.1.7 Key strategic moves and developments
10.2 Hi Bob, Inc.
10.2.1 Company overview
10.2.2 Key Executives
10.2.3 Company snapshot
10.2.4 Operating business segments
10.2.5 Product portfolio
10.2.6 Business performance
10.2.7 Key strategic moves and developments
10.3 Infor
10.3.1 Company overview
10.3.2 Key Executives
10.3.3 Company snapshot
10.3.4 Operating business segments
10.3.5 Product portfolio
10.3.6 Business performance
10.3.7 Key strategic moves and developments
10.4 SAP SE
10.4.1 Company overview
10.4.2 Key Executives
10.4.3 Company snapshot
10.4.4 Operating business segments
10.4.5 Product portfolio
10.4.6 Business performance
10.4.7 Key strategic moves and developments
10.5 Workday, Inc.
10.5.1 Company overview
10.5.2 Key Executives
10.5.3 Company snapshot
10.5.4 Operating business segments
10.5.5 Product portfolio
10.5.6 Business performance
10.5.7 Key strategic moves and developments
10.6 Ceridian HCM, Inc.
10.6.1 Company overview
10.6.2 Key Executives
10.6.3 Company snapshot
10.6.4 Operating business segments
10.6.5 Product portfolio
10.6.6 Business performance
10.6.7 Key strategic moves and developments
10.7 IBM Corporation
10.7.1 Company overview
10.7.2 Key Executives
10.7.3 Company snapshot
10.7.4 Operating business segments
10.7.5 Product portfolio
10.7.6 Business performance
10.7.7 Key strategic moves and developments
10.8 Oracle Corporation
10.8.1 Company overview
10.8.2 Key Executives
10.8.3 Company snapshot
10.8.4 Operating business segments
10.8.5 Product portfolio
10.8.6 Business performance
10.8.7 Key strategic moves and developments
10.9 ADP, Inc.
10.9.1 Company overview
10.9.2 Key Executives
10.9.3 Company snapshot
10.9.4 Operating business segments
10.9.5 Product portfolio
10.9.6 Business performance
10.9.7 Key strategic moves and developments
10.10 Cornerstone OnDemand, Inc.
10.10.1 Company overview
10.10.2 Key Executives
10.10.3 Company snapshot
10.10.4 Operating business segments
10.10.5 Product portfolio
10.10.6 Business performance
10.10.7 Key strategic moves and developments

List of Tables
Table 1. Global Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 2. Human Resource (HR) Technology Market for Talent Management, by Region, 2021-2031 (Revenue, $Billion)
Table 3. Human Resource (HR) Technology Market for Payroll Management, by Region, 2021-2031 (Revenue, $Billion)
Table 4. Human Resource (HR) Technology Market for Performance Management , by Region, 2021-2031 (Revenue, $Billion)
Table 5. Human Resource (HR) Technology Market for Workforce Management , by Region, 2021-2031 (Revenue, $Billion)
Table 6. Human Resource (HR) Technology Market for Others, by Region, 2021-2031 (Revenue, $Billion)
Table 7. Global Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 8. Human Resource (HR) Technology Market for On-Premises, by Region, 2021-2031 (Revenue, $Billion)
Table 9. Human Resource (HR) Technology Market for Cloud, by Region, 2021-2031 (Revenue, $Billion)
Table 10. Global Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 11. Human Resource (HR) Technology Market for Large Enterprises, by Region, 2021-2031 (Revenue, $Billion)
Table 12. Human Resource (HR) Technology Market for Small and Medium Sized Enterprises (SMEs), by Region, 2021-2031 (Revenue, $Billion)
Table 13. Global Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 14. Human Resource (HR) Technology Market for Bfsi, by Region, 2021-2031 (Revenue, $Billion)
Table 15. Human Resource (HR) Technology Market for IT and Telecom, by Region, 2021-2031 (Revenue, $Billion)
Table 16. Human Resource (HR) Technology Market for Healthcare, by Region, 2021-2031 (Revenue, $Billion)
Table 17. Human Resource (HR) Technology Market for Retail, by Region, 2021-2031 (Revenue, $Billion)
Table 18. Human Resource (HR) Technology Market for Manufacturing, by Region, 2021-2031 (Revenue, $Billion)
Table 19. Human Resource (HR) Technology Market for Government, by Region, 2021-2031 (Revenue, $Billion)
Table 20. Human Resource (HR) Technology Market for Others, by Region, 2021-2031 (Revenue, $Billion)
Table 21. Human Resource (HR) Technology Market, by Region, 2021-2031 (Revenue, $Billion)
Table 22. North America Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 23. North America Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 24. North America Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 25. North America Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 26. North America Human Resource (HR) Technology Market, by Country, 2021-2031 (Revenue, $Billion)
Table 27. U.S. Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 28. U.S. Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 29. U.S. Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 30. U.S. Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 31. Canada Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 32. Canada Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 33. Canada Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 34. Canada Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 35. Europe Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 36. Europe Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 37. Europe Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 38. Europe Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 39. Europe Human Resource (HR) Technology Market, by Country, 2021-2031 (Revenue, $Billion)
Table 40. UK Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 41. UK Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 42. UK Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 43. UK Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 44. Germany Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 45. Germany Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 46. Germany Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 47. Germany Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 48. France Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 49. France Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 50. France Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 51. France Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 52. Italy Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 53. Italy Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 54. Italy Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 55. Italy Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 56. Spain Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 57. Spain Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 58. Spain Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 59. Spain Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 60. Rest of Europe Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 61. Rest of Europe Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 62. Rest of Europe Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 63. Rest of Europe Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 64. Asia-Pacific Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 65. Asia-Pacific Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 66. Asia-Pacific Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 67. Asia-Pacific Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 68. Asia-Pacific Human Resource (HR) Technology Market, by Country, 2021-2031 (Revenue, $Billion)
Table 69. China Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 70. China Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 71. China Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 72. China Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 73. Japan Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 74. Japan Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 75. Japan Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 76. Japan Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 77. India Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 78. India Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 79. India Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 80. India Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 81. Australia Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 82. Australia Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 83. Australia Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 84. Australia Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 85. South Korea Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 86. South Korea Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 87. South Korea Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 88. South Korea Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 89. Rest of Asia-Pacific Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 90. Rest of Asia-Pacific Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 91. Rest of Asia-Pacific Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 92. Rest of Asia-Pacific Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 93. LAMEA Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 94. LAMEA Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 95. LAMEA Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 96. LAMEA Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 97. LAMEA Human Resource (HR) Technology Market, by Country, 2021-2031 (Revenue, $Billion)
Table 98. Latin America Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 99. Latin America Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 100. Latin America Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 101. Latin America Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 102. Middle East Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 103. Middle East Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 104. Middle East Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 105. Middle East Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 106. Africa Human Resource (HR) Technology Market, by Type, 2021-2031 (Revenue, $Billion)
Table 107. Africa Human Resource (HR) Technology Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 108. Africa Human Resource (HR) Technology Market, by Organization Size, 2021-2031 (Revenue, $Billion)
Table 109. Africa Human Resource (HR) Technology Market, by End-user, 2021-2031 (Revenue, $Billion)
Table 110. Cegid: Key Executives
Table 111. Cegid: Company Snapshot
Table 112. Cegid: Operating Segments
Table 113. Cegid: Product Portfolio
Table 114. Cegid: Net Sales
Table 115. Cegid: Key Strategies
Table 116. Hi Bob, Inc.: Key Executives
Table 117. Hi Bob, Inc.: Company Snapshot
Table 118. Hi Bob, Inc.: Operating Segments
Table 119. Hi Bob, Inc.: Product Portfolio
Table 120. Hi Bob, Inc.: Net Sales
Table 121. Hi Bob, Inc.: Key Strategies
Table 122. Infor: Key Executives
Table 123. Infor: Company Snapshot
Table 124. Infor: Operating Segments
Table 125. Infor: Product Portfolio
Table 126. Infor: Net Sales
Table 127. Infor: Key Strategies
Table 128. SAP SE: Key Executives
Table 129. SAP SE: Company Snapshot
Table 130. SAP SE: Operating Segments
Table 131. SAP SE: Product Portfolio
Table 132. SAP SE: Net Sales
Table 133. SAP SE: Key Strategies
Table 134. Workday, Inc.: Key Executives
Table 135. Workday, Inc.: Company Snapshot
Table 136. Workday, Inc.: Operating Segments
Table 137. Workday, Inc.: Product Portfolio
Table 138. Workday, Inc.: Net Sales
Table 139. Workday, Inc.: Key Strategies
Table 140. Ceridian Hcm, Inc.: Key Executives
Table 141. Ceridian Hcm, Inc.: Company Snapshot
Table 142. Ceridian Hcm, Inc.: Operating Segments
Table 143. Ceridian Hcm, Inc.: Product Portfolio
Table 144. Ceridian Hcm, Inc.: Net Sales
Table 145. Ceridian Hcm, Inc.: Key Strategies
Table 146. IBM Corporation: Key Executives
Table 147. IBM Corporation: Company Snapshot
Table 148. IBM Corporation: Operating Segments
Table 149. IBM Corporation: Product Portfolio
Table 150. IBM Corporation: Net Sales
Table 151. IBM Corporation: Key Strategies
Table 152. Oracle Corporation: Key Executives
Table 153. Oracle Corporation: Company Snapshot
Table 154. Oracle Corporation: Operating Segments
Table 155. Oracle Corporation: Product Portfolio
Table 156. Oracle Corporation: Net Sales
Table 157. Oracle Corporation: Key Strategies
Table 158. Adp, Inc.: Key Executives
Table 159. Adp, Inc.: Company Snapshot
Table 160. Adp, Inc.: Operating Segments
Table 161. Adp, Inc.: Product Portfolio
Table 162. Adp, Inc.: Net Sales
Table 163. Adp, Inc.: Key Strategies
Table 164. Cornerstone Ondemand, Inc.: Key Executives
Table 165. Cornerstone Ondemand, Inc.: Company Snapshot
Table 166. Cornerstone Ondemand, Inc.: Operating Segments
Table 167. Cornerstone Ondemand, Inc.: Product Portfolio
Table 168. Cornerstone Ondemand, Inc.: Net Sales
Table 169. Cornerstone Ondemand, Inc.: Key Strategies

List of Figures
Figure 1. Segmentation of Human Resource (HR) Technology Market,2021-2031
Figure 2. Human Resource (HR) Technology Market,2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Human Resource (HR) Technology Market:Drivers, Restraints and Opportunities
Figure 10. Human Resource (HR) Technology Market,By Type,2021(%)
Figure 11. Comparative Share Analysis of Talent Management Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 12. Comparative Share Analysis of Payroll Management Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 13. Comparative Share Analysis of Performance Management Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 14. Comparative Share Analysis of Workforce Management Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 15. Comparative Share Analysis of Others Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 16. Human Resource (HR) Technology Market,By Deployment Mode,2021(%)
Figure 17. Comparative Share Analysis of On-Premises Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 18. Comparative Share Analysis of Cloud Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 19. Human Resource (HR) Technology Market,By Organization Size,2021(%)
Figure 20. Comparative Share Analysis of Large Enterprises Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 21. Comparative Share Analysis of Small and Medium Sized Enterprises (SMEs) Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 22. Human Resource (HR) Technology Market,By End-user,2021(%)
Figure 23. Comparative Share Analysis of Bfsi Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 24. Comparative Share Analysis of IT and Telecom Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 25. Comparative Share Analysis of Healthcare Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 26. Comparative Share Analysis of Retail Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 27. Comparative Share Analysis of Manufacturing Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 28. Comparative Share Analysis of Government Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 29. Comparative Share Analysis of Others Human Resource (HR) Technology Market, 2021 and 2031(%)
Figure 30. Human Resource (HR) Technology Market by Region,2021
Figure 31. U.S. Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 32. Canada Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 33. UK Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 34. Germany Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 35. France Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 36. Italy Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 37. Spain Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 38. Rest of Europe Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 39. China Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 40. Japan Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 41. India Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 42. Australia Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 43. South Korea Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 44. Rest of Asia-Pacific Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 45. Latin America Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 46. Middle East Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 47. Africa Human Resource (HR) Technology Market,2021-2031($Billion)
Figure 48. Top Winning Strategies, by Year
Figure 49. Top Winning Strategies, by Development
Figure 50. Top Winning Strategies, by Company
Figure 51. Product Mapping of Top 10 Players
Figure 52. Competitive Dashboard
Figure 53. Competitive Heatmap of Top 10 Key Players
Figure 54. Top Player Positioning, 2021
Figure 55. Cegid.: Net Sales ($Billion)
Figure 56. Hi Bob, Inc..: Net Sales ($Billion)
Figure 57. Infor.: Net Sales ($Billion)
Figure 58. SAP SE.: Net Sales ($Billion)
Figure 59. Workday, Inc..: Net Sales ($Billion)
Figure 60. Ceridian Hcm, Inc..: Net Sales ($Billion)
Figure 61. IBM Corporation.: Net Sales ($Billion)
Figure 62. Oracle Corporation.: Net Sales ($Billion)
Figure 63. Adp, Inc..: Net Sales ($Billion)
Figure 64. Cornerstone Ondemand, Inc..: Net Sales ($Billion)

Executive Summary

According to the report titled, 'Human Resource (HR) Technology Market,' the human resource (hr) technology market was valued at $32.58 billion in 2021, and is estimated to reach $76.5 billion by 2031, growing at a CAGR of 9.2% from 2022 to 2031.

HR technology is defined as the technology that is adopted to attract, hire, retain, and maintain human resources, support HR administration, and optimize HRM. This technology can be used in different types of human resource information systems (HRIS) and by various stakeholders, such as managers, employees, and HR professionals. This technology has the potential to reduce the administrative burden on the HR department by focusing on more meaningful HR activities, such as providing managers with the expertise to take more effective decisions.

Key factors driving the growth of the human resource technology market include increase in automation of HR operations, surge in the trend of hybrid working models across various organizations and rise in need for cost-effective HR technologies. Rise in implementation of a human capital management system with the current HR technology is driving the market, as it improves business results and lowers costs for organizations. An integrated HR software solution helps to reduce routine administration and paperwork, automate core HR business processes, easily create accurate, timely reporting and analysis, increase retention with a high level of employee engagement, and reduce the cost of compliance and risk management. Such factors are further pushing the market for rapid growth. Furthermore, HR professionals observe that technology is vitally important in the digital transformation that helps to make better, faster-hiring decisions. In addition, HR technology solutions improve the organization to initiate talent acquisition for searching the new employees with an aim of reducing skillset gaps, which empowers businesses. Moreover, automated scheduling facilitates HR teams with an advanced HR system to take the burden, automating the common process of the recruitment journey, sending out automatic letters of rejection to unsuccessful candidates, and scheduling follow-up interviews with potential new hires. All these automation trends within the field of HR technology help in enhancing recruitment process and ultimately lower the cost, which is aiding the market growth.

The market also offers growth opportunities to the key players in the market. Increasing innovation and decentralized HR evolve new management skills due to the implementation of new ideas, methods, and technologies to better meet the requirements of the organization and its workforce. For instance, in September 2022, Paychex, Inc. introduced a new the company SaaS-based HR software solution, namely Paychex Flex, which enhances user experience. This product often enables payroll admins to run payroll through any Google Assistant-compatible device for a hands-free experience, simplifying and automating the payroll process with the sound of a verified user’s voice. Capabilities of the feature include starting a pay period or acting on one already in progress, applying standard pay, adjusting, reviewing totals, and submitting payroll for processing through a robust and resilient AI assistant with built-in verifications for user authentication. Furthermore, the use of innovative technology for various HR operations, including augmented writing technology, chatbot, AI-powered multi-assessment platform and others, has enabled large and small HR teams to improve their overall resource management and cross-functional strategy management, enabling tech-driven organizations with agile decision-making capabilities. This, in turn, is expected to influence market growth.

The global human resource (HR) technology market is segmented into type, enterprise size, deployment mode, end user, and region. Depending on the type, the market is divided into talent management, payroll management, performance management, workforce management, and others. Based on enterprise size, it is categorized into large enterprises and SMEs. By Deployment mode, it is divided into on-premises and cloud. Based on end-user, it is bifurcated into BFSI, IT & telecom, healthcare, retail, manufacturing, government, and others. Region-wise, it is analyzed across North America (the U.S., and Canada), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study include ADP, Inc., Cegid, Ceridian HCM, Inc., Cornerstone OnDemand, Inc., Hi Bob, Inc., IBM Corporation, Infor, Oracle Corporation, SAP SE, and Workday, Inc. The players in the market have been actively engaged in the adoption of various Strategies such as expansion, product development, product launch, acquisition, partnership, and collaboration to remain competitive and gain an advantage over the competitors in the market. For instance, in April 2022, Oracle launched Oracle ME (My Experience), an all-in-one employee experience platform. It includes Oracle touchpoints, Oracle HCM communication, employee experience tool Oracle journeys, Oracle connections, Oracle HR helpdesk, and Oracle digital assistant. In addition, it connects to and automates processes with third-party systems and works across multiple channels such as email, SMS, web browser, collaboration tools, and video conferencing.

Key Market Insights

By type, the talent management segment was the highest revenue contributor to the market and is estimated to reach $ 15.67 billion by 2031, with a CAGR of 6.6%. However, the workforce management segment is estimated to be the fastest-growing segment with a CAGR of 12.3% during the forecast period.

By deployment model, the on-premises segment dominated the global market and is estimated to reach $ 36.04 billion by 2031, with a CAGR of 7.7%. However, cloud segment is expected to be the fastest-growing segment during the human resource technology market forecast.

By organization Size, large enterprises segment dominated the global market and is estimated to reach $ 39.57 billion by 2031, with a CAGR of 8.1%. However, small and medium-sized enterprises (SMEs) segment is expected to be the fastest-growing segment during the human resource technology market Forecast.

Based on end-user, the IT and telecom segment were the highest revenue contributor to the market, with $ 7.92 billion in 2021, and is estimated to reach $ 12.67 billion by 2031, with a CAGR of 5.0%.

Based on region, North America was the highest revenue contributor, accounting for $ 11.6 billion in 2021, and is estimated to reach $ 23.42 billion by 2031, with a CAGR of 7.6%.

Companies Mentioned

  • Cegid
  • Hi Bob, Inc.
  • Infor
  • SAP SE
  • Workday, Inc.
  • Ceridian HCM, Inc.
  • IBM Corporation
  • Oracle Corporation
  • ADP, Inc.
  • Cornerstone OnDemand, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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