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The Europe human resource (HR) technology market is currently witnessing strong growth. Human resource (HR) technology is utilized to automate routine processes, store data and provide analytical management reports and insights for better decision-making. It minimizes the manual efforts required for performing various time-consuming tasks like payment processing and allows professionals to access information from multiple sources and share it with different departments. HR technology assists organizations in gaining insights from employee feedback and improving recruiting, workforce retention, and skill development. In the European region, several firms have adopted HR technology to create workforce transparency that enables fair pay practices.
The Europe human resource (HR) technology market is primarily driven by the growing presence of corporate organizations that are heavily investing in advanced HR technologies. The increasing number of key players entering the market is also escalating the demand for HR technology. For instance, Everskill GmbH, a Germany-based start-up, has leveraged innovative technologies to reinvent corporate training and develop an app-based training system for providing soft skill training to employees. Additionally, HR technology provides an optimized recruitment process and related tasks, which is instrumental in enhancing the overall efficiency of the company. On account of these factors, the market is expected to continue its strong growth in the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe human resource (HR) technology market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, application, type, end use industry and company size.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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