The global human resource (HR) technology market grew at a CAGR of 14% during 2014-2019. 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. Looking forward, IMARC Group expects the global human resource technology market to exhibit a double-digit growth during the forecast period (2020-2025).
Market Breakup by Application
- Talent Management
- Payroll Management
- Performance Management
- Workforce Management
- Recruitment
- Others
Market Breakup by Software Type
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
Key Questions Answered in This Report:
- How has the global human resource technology market performed so far and how will it perform in the coming years?
- What is the breakup of the global human resource technology market based on the product type?
- What is the breakup of the global human resource technology market based on the software type?
- What is the breakup of the global human resource technology market based on the end use industry?
- What is the breakup of the global human resource technology market based on the company size?
- What is the breakup of the global human resource technology market based on the region?
- What are the key driving factors and challenges in the global human resource technology market?
- What is the structure of the global human resource technology market and who are the key players?
- What is the degree of competition in the global human resource technology market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting 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 Market Breakup by Application
5.4 Market Breakup by Software Type
5.5 Market Breakup by End-Use Industry
5.6 Market Breakup by Company Size
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Price Analysis
5.13 Market Breakup by Application
5.14 Talent Management
5.14.1 Market Trends
5.14.2 Market Forecast
5.15 Payroll Management
5.15.1 Market Trends
5.15.1 Market Forecast
5.16 Performance Management
5.16.1 Market Trends
5.16.2 Market Forecast
5.17 Workforce Management
5.17.1 Market Trends
5.17.2 Market Forecast
5.18 Recruitment
5.18.1 Market Trends
5.18.2 Market Forecast
5.19 Others
5.19.1 Market Trends
5.19.2 Market Forecast
6 Market Breakup by Software Type
6.1 Inhouse
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Outsourced
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by End-Use Industry
7.1 TTH (Travel, Transportation, and Hospitality)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Public Sector
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Health Care
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Information Technology
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 BFSI (Banking, Financial Services, and Insurance)
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Company Size
8.1 Less than 1k Employees
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 1k - 5k Employees
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Greater than 5k Employees
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Asia Pacific
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Europe
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 SAP
10.3.2 Workday
10.3.3 ADP
10.3.4 Oracle
10.3.5 Microsoft
10.3.6 Kronos Incorporated
10.3.7 Ultimate Software
10.3.8 SumTotal Systems
10.3.9 IBM
10.3.10 Ceridian
List of Figures
Figure 1: Global: Human Resource Technology Market: Major Drivers and Challenges
Figure 2: Global: Human Resource Technology Market: Sales Value (in Billion US$), 2014-19
Figure 3: Global: Human Resource Technology Market: Breakup by Application (in %), 2019
Figure 4: Global: Human Resource Technology Market: Breakup by Software Type (in %), 2019
Figure 5: Global: Human Resource Technology Market: Breakup by End-Use Industry (in %), 2019
Figure 6: Global: Human Resource Technology Market: Breakup by Company Size (in %), 2019
Figure 7: Global: Human Resource Technology Market: Breakup by Region (in %), 2019
Figure 8: Global: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Human Resource Technology Market: SWOT Analysis
Figure 10: Global: Human Resource Technology Market: Porter’s Five Forces Analysis
Figure 11: Global: Human Resource Technology (Talent Management) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 12: Global: Human Resource Technology (Talent Management) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 13: Global: Human Resource Technology (Payroll Management) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 14: Global: Human Resource Technology (Payroll Management) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 15: Global: Human Resource Technology (Performance Management) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 16: Global: Human Resource Technology (Performance Management) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 17: Global: Human Resource Technology (Workforce Management) Market Forecast: Sales Value (in Billion US$), 2014 & 2019
Figure 18: Global: Human Resource Technology (Workforce Management) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 19: Global: Human Resource Technology (Recruitment) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 20: Global: Human Resource Technology (Recruitment) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 21: Global: Human Resource Technology (Others) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 22: Global: Human Resource Technology (Others) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 23: Global: Human Resource Technology (Inhouse) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 24: Global: Human Resource Technology (Inhouse) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 25: Global: Human Resource Technology (Outsourced) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 26: Global: Human Resource Technology (Outsourced) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 27: Global: Human Resource Technology (Travel, Transportation, and Hospitality) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 28: Global: Human Resource Technology (Travel, Transportation, and Hospitality) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 29: Global: Human Resource Technology (Public Sector) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 30: Global: Human Resource Technology (Public Sector) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 31: Global: Human Resource Technology (Health Care) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 32: Global: Human Resource Technology (Health Care) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 33: Global: Human Resource Technology (Information Technology) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 34: Global: Human Resource Technology (Information Technology) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 35: Global: Human Resource Technology (Banking, Financial services, and Insurance) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 36: Global: Human Resource Technology (Banking, Financial services, and Insurance) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 37: Global: Human Resource Technology (Others) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 38: Global: Human Resource Technology (Others) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 39: Global: Human Resource Technology (Less than 5k Employees) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 40: Global: Human Resource Technology (Less than 5k Employees) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 41: Global: Human Resource Technology (5k -20k Employees) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 42: Global: Human Resource Technology (5k -20k Employees) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 43: Global: Human Resource Technology (Greater than 20k Employees) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 44: Global: Human Resource Technology (Greater than 20k Employees) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 45: North America: Human Resource Technology Market: Sales Value (in Billion US$), 2014 & 2019
Figure 46: North America: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 47: Asia Pacific: Human Resource Technology Market: Sales Value (in Billion US$), 2014 & 2019
Figure 48: Asia Pacific: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 49: Europe: Human Resource Technology Market: Sales Value (in Billion US$), 2014 & 2019
Figure 50: Europe: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 51: Middle East and Africa: Human Resource Technology Market: Sales Value (in Billion US$), 2014 & 2019
Figure 52: Middle East and Africa: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 53: Latin America: Human Resource Technology Market: Sales Value (in Billion US$), 2014 & 2019
Figure 54: Latin America: Human Resource Technology Market Forecast: Sales Value (in Billion US$), 2020-2025
List of Tables
Table 1: Global: Human Resource Technology Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Human Resource Technology Market: Breakup by Application (in Billion US$), 2020-2025
Table 3: Global: Human Resource Technology Market: Breakup by Software Type (in Billion US$), 2020-2025
Table 4: Global: Human Resource Technology Market: Breakup by End-Use Industry (in Billion US$), 2020-2025
Table 5: Global: Human Resource Technology Market: Breakup by Company Size (in Billion US$), 2020-2025
Table 6: Global: Human Resource Technology Market: Breakup by Region (in Billion US$), 2020-2025
Table 7: Global: Human Resource Technology Market: Structure
Table 8: Global: Human Resource Technology Market: Key Players