Market Overview:
The United States human resource (HR) technology market is currently witnessing strong growth. Human resource (HR) technology plays a crucial role in organizations. It is used for managing payrolls, onboarding, talent sourcing, performance and workforce management, and employee communication. It also assists in various aspects of employment, starting from the first day of recruitment until the retirement of employees. In the United States, HR technology is widely being adopted instead of conventional HR tools, as it is a cost-effective and time-efficient alternative for managing numerous HR-related tasks.
The United States human resource (HR) technology market is primarily driven by the increasing focus on employing various advanced HRM solutions for time, payroll, and talent management in the corporate sector. This helps improve the labor productivity and the efficiency of the employees in the organizations. Additionally, there has been a considerable increase in the number of HR-focused events and conferences being held in the country. Furthermore, rapid technological innovations and advancements have led to the increased demand for HR solutions to spread awareness regarding the numerous benefits offered by the incorporation of new-age technologies, which are significantly impacting 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 United States 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:
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 Region:
- Northeast
- Midwest
- South
- West
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 United States 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 United States 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 United States 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 United States 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 Region
10.1 Northeast
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Midwest
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 South
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 West
10.4.1 Market Trends
10.4.2 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: United States: Human Resource Technology Market: Major Drivers and Challenges
Figure 2: United States: Human Resource Technology Market: Sales Value (in Million US$), 2015-2020
Figure 3: United States: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: United States: Human Resource Technology Market: Breakup by Application (in %), 2020
Figure 5: United States: Human Resource Technology Market: Breakup by Type (in %), 2020
Figure 6: United States: Human Resource Technology Market: Breakup by End Use Industry (in %), 2020
Figure 7: United States: Human Resource Technology Market: Breakup by Company Size (in %), 2020
Figure 8: United States: Human Resource Technology Market: Breakup by Region (in %), 2020
Figure 9: United States: Human Resource Technology (Talent Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: United States: Human Resource Technology (Talent Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: United States: Human Resource Technology (Payroll Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: United States: Human Resource Technology (Payroll Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: United States: Human Resource Technology (Performance Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: United States: Human Resource Technology (Performance Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: United States: Human Resource Technology (Workforce Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: United States: Human Resource Technology (Workforce Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: United States: Human Resource Technology (Recruitment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: United States: Human Resource Technology (Recruitment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: United States: Human Resource Technology (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: United States: Human Resource Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: United States: Human Resource Technology (Inhouse) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: United States: Human Resource Technology (Inhouse) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: United States: Human Resource Technology (Outsourced) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: United States: Human Resource Technology (Outsourced) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: United States: Human Resource Technology (Travel, Transportation, and Hospitality) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: United States: Human Resource Technology (Travel, Transportation, and Hospitality) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: United States: Human Resource Technology (Public Sector) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: United States: Human Resource Technology (Public Sector) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: United States: Human Resource Technology (Health Care) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: United States: Human Resource Technology (Health Care) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: United States: Human Resource Technology (Information Technology) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: United States: Human Resource Technology (Information Technology) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: United States: Human Resource Technology (Banking, Financial Services, and Insurance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Human Resource Technology (Banking, Financial Services, and Insurance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: United States: Human Resource Technology (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: United States: Human Resource Technology (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: United States: Human Resource Technology (Less than 1k Employees) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: United States: Human Resource Technology (Less than 1k Employees) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: United States: Human Resource Technology (1k - 5k Employees) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: United States: Human Resource Technology (1k - 5k Employees) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: United States: Human Resource Technology (Greater than 5k Employees) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: United States: Human Resource Technology (Greater than 5k Employees) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Northeast: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Northeast: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Midwest: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Midwest: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: South: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: South: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: West: Human Resource Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: West: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: United States: Human Resource Technology Industry: SWOT Analysis
Figure 52: United States: Human Resource Technology Industry: Value Chain Analysis
Figure 53: United States: Human Resource Technology Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: United States: Human Resource Technology Market: Key Industry Highlights, 2020 and 2026
Table 2: United States: Human Resource Technology Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 3: United States: Human Resource Technology Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 4: United States: Human Resource Technology Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 5: United States: Human Resource Technology Market Forecast: Breakup by Company Size (in Million US$), 2021-2026
Table 6: United States: Human Resource Technology Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: United States: Human Resource Technology Market: Competitive Structure
Table 8: United States: Human Resource Technology Market: Key Players