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Latin America Human Resource (HR) Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The Latin America human resource (HR) technology market reached a value of US$ 910 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,584 Million by 2027, exhibiting at a CAGR of 9.57% 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 (HR) technology is an essential aspect of the human resource industry that helps enhance the productivity of the HR team, thus benefiting the overall workflow of the organization. It assists in managing payrolls, onboarding, talent sourcing, and performance and workforce management. In Latin America, HR technology has emerged as a time and cost-effective solution for addressing some of the most meticulous HR tasks.

 

 
 

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The Latin America human resource (HR) technology market is primarily driven by the significant increase in the number of HR start-ups in countries such as Brazil and the growing investments in these companies. Moreover, due to the recent outbreak of coronavirus disease (COVID-19), there has been increased adoption of digital onboarding solutions due to the rising trend of remote working or work-from-home models. The technology also assists HR teams in pre-organizing important tasks for upcoming events. Furthermore, a considerable rise in the working population, continual technological advancements and the deployment of cloud-based software systems are also propelling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America human resource (HR) technology market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on application, type, end use industry and company size.

Breakup by Application:

 

 
 

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  • Talent Management
  • Payroll Management
  • Performance Management
  • Workforce Management
  • Recruitment
  • Others
     

Breakup by Type:

  • Inhouse
  • Outsourced
     

Breakup by End Use Industry:

  • TTH (Travel, Transportation, and Hospitality)
  • Public Sector
  • Health Care
  • Information Technology
  • BFSI (Banking, Financial Services, and Insurance)
  • Others
     

Breakup by Company Size:

  • Less than 1k Employees
  • 1k - 5k Employees
  • Greater than 5k Employees
     

Breakup by Country:

  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Application, Type, End Use Industry, Company Size, Country
Countries Covered Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option : US$ 2699
: US$ 3699
: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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    Latin America Human Resource (HR) Technology Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
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 Country
    10.1    Brazil
        10.1.1 Market Trends
        10.1.2 Market Breakup by Application
        10.1.3 Market Breakup by Type
        10.1.4 Market Breakup by End Use Industry
        10.1.5 Market Breakup by Company Size
        10.1.6 Market Forecast
    10.2    Mexico
        10.2.1 Market Trends
        10.2.2 Market Breakup by Application
        10.2.3 Market Breakup by Type
        10.2.4 Market Breakup by End Use Industry
        10.2.5 Market Breakup by Company Size
        10.2.6 Market Forecast
    10.3    Argentina
        10.3.1 Market Trends
        10.3.2 Market Breakup by Application
        10.3.3 Market Breakup by Type
        10.3.4 Market Breakup by End Use Industry
        10.3.5 Market Breakup by Company Size
        10.3.6 Market Forecast
    10.4    Colombia
        10.4.1 Market Trends
        10.4.2 Market Breakup by Application
        10.4.3 Market Breakup by Type
        10.4.4 Market Breakup by End Use Industry
        10.4.5 Market Breakup by Company Size
        10.4.6 Market Forecast
    10.5    Chile
        10.5.1 Market Trends
        10.5.2 Market Breakup by Application
        10.5.3 Market Breakup by Type
        10.5.4 Market Breakup by End Use Industry
        10.5.5 Market Breakup by Company Size
        10.5.6 Market Forecast
    10.6    Peru
        10.6.1 Market Trends
        10.6.2 Market Breakup by Application
        10.6.3 Market Breakup by Type
        10.6.4 Market Breakup by End Use Industry
        10.6.5 Market Breakup by Company Size
        10.6.6 Market Forecast
    10.7    Others
        10.7.1 Market Trends
        10.7.2 Market Breakup by Application
        10.7.3 Market Breakup by Type
        10.7.4 Market Breakup by End Use Industry
        10.7.5 Market Breakup by Company Size
        10.7.6 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Policy and Regulatory Landscape
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: Latin America: Human Resource Technology Market: Major Drivers and Challenges
Figure 2: Latin America: Human Resource Technology Market: Sales Value (in Million US$), 2016-2021
Figure 3: Latin America: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Latin America: Human Resource Technology Market: Breakup by Application (in %), 2021
Figure 5: Latin America: Human Resource Technology Market: Breakup by Type (in %), 2021
Figure 6: Latin America: Human Resource Technology Market: Breakup by End Use Industry (in %), 2021
Figure 7: Latin America: Human Resource Technology Market: Breakup by Company Size (in %), 2021
Figure 8: Latin America: Human Resource Technology Market: Breakup by Country (in %), 2021
Figure 9: Latin America: Human Resource Technology (Talent Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Latin America: Human Resource Technology (Talent Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Latin America: Human Resource Technology (Payroll Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Latin America: Human Resource Technology (Payroll Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Latin America: Human Resource Technology (Performance Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Latin America: Human Resource Technology (Performance Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Latin America: Human Resource Technology (Workforce Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Latin America: Human Resource Technology (Workforce Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Latin America: Human Resource Technology (Recruitment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Latin America: Human Resource Technology (Recruitment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Latin America: Human Resource Technology (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Latin America: Human Resource Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Latin America: Human Resource Technology (Inhouse) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Latin America: Human Resource Technology (Inhouse) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Latin America: Human Resource Technology (Outsourced) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Latin America: Human Resource Technology (Outsourced) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Latin America: Human Resource Technology (Travel, Transportation, and Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Latin America: Human Resource Technology (Travel, Transportation, and Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Latin America: Human Resource Technology (Public Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Latin America: Human Resource Technology (Public Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Latin America: Human Resource Technology (Health Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Latin America: Human Resource Technology (Health Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Latin America: Human Resource Technology (Information Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Latin America: Human Resource Technology (Information Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Latin America: Human Resource Technology (Banking, Financial Services, and Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Latin America: Human Resource Technology (Banking, Financial Services, and Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Latin America: Human Resource Technology (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Latin America: Human Resource Technology (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Latin America: Human Resource Technology (Less than 1k Employees) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Latin America: Human Resource Technology (Less than 1k Employees) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Latin America: Human Resource Technology (1k - 5k Employees) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Latin America: Human Resource Technology (1k - 5k Employees) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Latin America: Human Resource Technology (Greater than 5k Employees) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Latin America: Human Resource Technology (Greater than 5k Employees) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Brazil: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Brazil: Human Resource Technology Market: Breakup by Application (in %), 2021
Figure 45: Brazil: Human Resource Technology Market: Breakup by Type (in %), 2021
Figure 46: Brazil: Human Resource Technology Market: Breakup by End Use Industry (in %), 2021
Figure 47: Brazil: Human Resource Technology Market: Breakup by Company Size (in %), 2021
Figure 48: Brazil: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Mexico: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Mexico: Human Resource Technology Market: Breakup by Application (in %), 2021
Figure 51: Mexico: Human Resource Technology Market: Breakup by Type (in %), 2021
Figure 52: Mexico: Human Resource Technology Market: Breakup by End Use Industry (in %), 2021
Figure 53: Mexico: Human Resource Technology Market: Breakup by Company Size (in %), 2021
Figure 54: Mexico: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Argentina: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Argentina: Human Resource Technology Market: Breakup by Application (in %), 2021
Figure 57: Argentina: Human Resource Technology Market: Breakup by Type (in %), 2021
Figure 58: Argentina: Human Resource Technology Market: Breakup by End Use Industry (in %), 2021
Figure 59: Argentina: Human Resource Technology Market: Breakup by Company Size (in %), 2021
Figure 60: Argentina: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Colombia: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Colombia: Human Resource Technology Market: Breakup by Application (in %), 2021
Figure 63: Colombia: Human Resource Technology Market: Breakup by Type (in %), 2021
Figure 64: Colombia: Human Resource Technology Market: Breakup by End Use Industry (in %), 2021
Figure 65: Colombia: Human Resource Technology Market: Breakup by Company Size (in %), 2021
Figure 66: Colombia: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Chile: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Chile: Human Resource Technology Market: Breakup by Application (in %), 2021
Figure 69: Chile: Human Resource Technology Market: Breakup by Type (in %), 2021
Figure 70: Chile: Human Resource Technology Market: Breakup by End Use Industry (in %), 2021
Figure 71: Chile: Human Resource Technology Market: Breakup by Company Size (in %), 2021
Figure 72: Chile: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Peru: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Peru: Human Resource Technology Market: Breakup by Application (in %), 2021
Figure 75: Peru: Human Resource Technology Market: Breakup by Type (in %), 2021
Figure 76: Peru: Human Resource Technology Market: Breakup by End Use Industry (in %), 2021
Figure 77: Peru: Human Resource Technology Market: Breakup by Company Size (in %), 2021
Figure 78: Peru: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Human Resource Technology Industry: SWOT Analysis
Figure 82: Latin America: Human Resource Technology Industry: Value Chain Analysis
Figure 83: Latin America: Human Resource Technology Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Latin America: Human Resource Technology Market: Key Industry Highlights, 2021 and 2027
Table 2: Latin America: Human Resource Technology Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 3: Latin America: Human Resource Technology Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Latin America: Human Resource Technology Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Latin America: Human Resource Technology Market Forecast: Breakup by Company Size (in Million US$), 2022-2027
Table 6: Latin America: Human Resource Technology Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 7: Latin America: Human Resource Technology Market: Competitive Structure
Table 8: Latin America: Human Resource Technology Market: Key Players


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Key Questions Answered in This Report

The Latin America human resource (HR) technology market was valued at US$ 910 Million in 2021.

We expect the Latin America human resource (HR) technology market to exhibit a CAGR of 9.57%
during 2022-2027.

The rising integration of HR technology with cloud computing, Artificial Intelligence (AI), Software-as-
a-Service (SaaS), Business Intelligence (BI), and dashboards to provide high competitive edge and
flexibility, is primarily driving the Latin America human resource (HR) technology market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of advanced HR
technology to enhance the learning, productivity, and engagement of the employees during the
remote working models.

Based on the application, the Latin America human resource (HR) technology market has been
divided into talent management, payroll management, performance management, workforce
management, recruitment, and others. Currently, talent management exhibits a clear dominance in
the market.

Based on the type, the Latin America human resource (HR) technology market can be categorized
into inhouse and outsourced, where outsourced type holds the majority of the total market share.

Based on the end use industry, the Latin America human resource (HR) technology market has been
segmented into TTH (Travel, Transportation, and Hospitality), public sector, health care, information
technology, BFSI (Banking, Financial Services, and Insurance), and others. Among these, the
information technology industry represents the largest market share.

Based on the company size, the Latin America human resource (HR) technology market can be
bifurcated into less than 1k employees, 1k - 5k employees, and greater than 5k employees.
Currently, greater than 5k employees account for the majority of the total market share.

On a regional level, the market has been classified into Brazil, Mexico, Argentina, Colombia, Chile,
Peru, and others, where Brazil currently dominates the market.

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