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Latin America Human Resource (HR) Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The Latin America human resource (HR) technology market is currently witnessing strong growth. 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.

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. On account of these factors, the market is expected to continue its strong growth during the forecast period (2021-2026).

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 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.

Breakup by Application:

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

Breakup by Type:

  • Inhouse
  • Outsourced
     

Breakup by End Use Industry:

  • TTH (Travel, Transportation, 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
  • Columbia
  • Chile
  • Peru
  • Others
     

Competitive Landscape:

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

Key Questions Answered in This Report:

  • How has the Latin America human resource (HR) technology market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the Latin America human resource (HR) technology market?
  • What are the key regional markets?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the end use industry?
  • What is the breakup of the market based on the company size?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the Latin America human resource (HR) technology market and who are the key players?
  • What is the degree of competition in the industry?

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    Columbia
        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
    10.6    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$), 2015-2020
Figure 3: Latin America: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Latin America: Human Resource Technology Market: Breakup by Application (in %), 2020
Figure 5: Latin America: Human Resource Technology Market: Breakup by Type (in %), 2020
Figure 6: Latin America: Human Resource Technology Market: Breakup by End Use Industry (in %), 2020
Figure 7: Latin America: Human Resource Technology Market: Breakup by Company Size (in %), 2020
Figure 8: Latin America: Human Resource Technology Market: Breakup by Country (in %), 2020
Figure 9: Latin America: Human Resource Technology (Talent Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Latin America: Human Resource Technology (Talent Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Latin America: Human Resource Technology (Payroll Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Latin America: Human Resource Technology (Payroll Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Latin America: Human Resource Technology (Performance Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Latin America: Human Resource Technology (Performance Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Latin America: Human Resource Technology (Workforce Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Latin America: Human Resource Technology (Workforce Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Latin America: Human Resource Technology (Recruitment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Latin America: Human Resource Technology (Recruitment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Latin America: Human Resource Technology (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Latin America: Human Resource Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Latin America: Human Resource Technology (Inhouse) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Latin America: Human Resource Technology (Inhouse) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Latin America: Human Resource Technology (Outsourced) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Latin America: Human Resource Technology (Outsourced) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Latin America: Human Resource Technology (Travel, Transportation, and Hospitality) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Latin America: Human Resource Technology (Travel, Transportation, and Hospitality) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Latin America: Human Resource Technology (Public Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Latin America: Human Resource Technology (Public Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Latin America: Human Resource Technology (Health Care) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Latin America: Human Resource Technology (Health Care) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Latin America: Human Resource Technology (Information Technology) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Latin America: Human Resource Technology (Information Technology) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Latin America: Human Resource Technology (Banking, Financial services, and Insurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Latin America: Human Resource Technology (Banking, Financial services, and Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Latin America: Human Resource Technology (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Latin America: Human Resource Technology (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Latin America: Human Resource Technology (Less than 1k Employees) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Latin America: Human Resource Technology (Less than 1k Employees) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Latin America: Human Resource Technology (1k - 5k Employees) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Latin America: Human Resource Technology (1k - 5k Employees) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Latin America: Human Resource Technology (Greater than 5k Employees) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Latin America: Human Resource Technology (Greater than 5k Employees) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Brazil: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Brazil: Human Resource Technology Market: Breakup by Application (in %), 2020
Figure 45: Brazil: Human Resource Technology Market: Breakup by Type (in %), 2020
Figure 46: Brazil: Human Resource Technology Market: Breakup by End Use Industry (in %), 2020
Figure 47: Brazil: Human Resource Technology Market: Breakup by Company Size (in %), 2020
Figure 48: Brazil: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Mexico: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Mexico: Human Resource Technology Market: Breakup by Application (in %), 2020
Figure 51: Mexico: Human Resource Technology Market: Breakup by Type (in %), 2020
Figure 52: Mexico: Human Resource Technology Market: Breakup by End Use Industry (in %), 2020
Figure 53: Mexico: Human Resource Technology Market: Breakup by Company Size (in %), 2020
Figure 54: Mexico: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Argentina: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Argentina: Human Resource Technology Market: Breakup by Application (in %), 2020
Figure 57: Argentina: Human Resource Technology Market: Breakup by Type (in %), 2020
Figure 58: Argentina: Human Resource Technology Market: Breakup by End Use Industry (in %), 2020
Figure 59: Argentina: Human Resource Technology Market: Breakup by Company Size (in %), 2020
Figure 60: Argentina: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Columbia: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Columbia: Human Resource Technology Market: Breakup by Application (in %), 2020
Figure 63: Columbia: Human Resource Technology Market: Breakup by Type (in %), 2020
Figure 64: Columbia: Human Resource Technology Market: Breakup by End Use Industry (in %), 2020
Figure 65: Columbia: Human Resource Technology Market: Breakup by Company Size (in %), 2020
Figure 66: Columbia: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Chile: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Chile: Human Resource Technology Market: Breakup by Application (in %), 2020
Figure 69: Chile: Human Resource Technology Market: Breakup by Type (in %), 2020
Figure 70: Chile: Human Resource Technology Market: Breakup by End Use Industry (in %), 2020
Figure 71: Chile: Human Resource Technology Market: Breakup by Company Size (in %), 2020
Figure 72: Chile: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Peru: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Peru: Human Resource Technology Market: Breakup by Application (in %), 2020
Figure 75: Peru: Human Resource Technology Market: Breakup by Type (in %), 2020
Figure 76: Peru: Human Resource Technology Market: Breakup by End Use Industry (in %), 2020
Figure 77: Peru: Human Resource Technology Market: Breakup by Company Size (in %), 2020
Figure 78: Peru: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Others: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Others: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Latin America: Human Resource Technology Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 3: Latin America: Human Resource Technology Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 4: Latin America: Human Resource Technology Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 5: Latin America: Human Resource Technology Market Forecast: Breakup by Company Size (in Million US$), 2021-2026
Table 6: Latin America: Human Resource Technology Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 7: Latin America: Human Resource Technology Market: Competitive Structure
Table 8: Latin America: Human Resource Technology Market: Key Players

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