The Latin America human resource (HR) technology market size reached US$
1,006.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$
1,678.7 Million by 2028, exhibiting a growth rate (CAGR) of
8.2% during 2023-2028.
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 2023-2028. 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
2022
Historical Period
2017-2022
Forecast Period
2023-2028
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)
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