Abstract
Summary
HR technology (human resources technology) is a support term for software and associated hardware for automating the human resources function in organizations. It includes employee payroll and compensation, talent acquisition and management, workforce analytics, performance management, and benefits administration. In addition, large employers around the world are widely adopting core HR technology systems from enterprise software companies such as Oracle and SAP, as well as specialized HR tech vendors.
Increase in automation of HR operations and surge in the trend of hybrid working models across various organizations are driving the growth of the market. In addition, rise in need for cost-effective HR technologies is fueling the growth of the human resource (HR) technology market. However, limitations of data integration and threat to data privacy hinder the market growth and malfunctions & unauthorized access and requires highly specialized skilled operators limits the growth of this market. Conversely, Surge in innovation and decentralized HR evolving new management skills and increase in the integration of Robotic Process Automation (RPA) in HR management is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.
The global human resource (HR) technology market is segmented into type, enterprise size, deployment mode, end user, and region. Depending on the type, the market is divided into Talent Management, Payroll Management, Performance Management, Workforce Management, and Others. Based on enterprise size, it is categorized into large enterprises and SMEs. By Deployment mode, it is divided into on-premises and cloud. Based on end-user, it is bifurcated into BFSI, IT & telecom, healthcare, retail, manufacturing, government, and Others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global Human Resource (HR) Technology market is dominated by key players such as ADP, Inc., Cegid, Ceridian HCM, Inc., Cornerstone OnDemand, Inc., Hi Bob, Inc., IBM Corporation, Infor, Oracle Corporation, SAP SE and Workday, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
●The study provides an in-depth analysis of the global Human Resource (HR) Technology market forecast along with the current & future trends to explain the imminent investment pockets.
●information about key drivers, restraints, & opportunities and their impact analysis on global Human Resource (HR) Technology market trends is provided in the report.
●Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
●The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.
Key Market Segments
By Type
● Talent Management
● Payroll Management
● Performance Management
● Workforce Management
● Others
By Deployment Mode
● On-Premises
● Cloud
By Organization Size
● Large Enterprises
● Small and Medium Sized Enterprises (SMEs)
By End-User
● BFSI
● IT and Telecom
● Healthcare
● Retail
● Manufacturing
● Government
● Others
By Region
● North America
○ U.S.
○ Canada
● Europe
○ UK
○ Germany
○ France
○ Italy
○ Spain
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ Australia
○ South Korea
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ Cegid
○ Hi Bob, Inc.
○ Infor
○ SAP SE
○ Workday, Inc.
○ Ceridian HCM, Inc.
○ IBM Corporation
○ Oracle Corporation
○ ADP, Inc.
○ Cornerstone OnDemand, Inc.
Table of Contents
1 INTRODUCTION
1.1 Report description
1.2 Key market segments
1.3 Key benefits to the stakeholders
1.4 Research Methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
2 EXECUTIVE SUMMARY
2.1 Key findings of the study
2.2 CXO Perspective
3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top investment pockets
3.3 Porter’s five forces analysis
3.4 Market dynamics
3.4.1 Drivers
- 3.4.1.1 Increase in automation of HR Operations
- 3.4.1.2 Surge in the trend of hybrid working models across various organizations
- 3.4.1.3 Rise in need for cost-effective HR technologies
3.4.2 Restraints
- 3.4.2.1 Limitations of data integration and threat to data privacy hinder the market growth
- 3.4.2.2 Malfunctions & unauthorized Access, and requires highly specialized skilled operators
3.4.3 Opportunities
- 3.4.3.1 Surge in innovation and decentralized HR evolving new management skills
- 3.4.3.2 Increase in the integration of Robotic Process Automation (RPA) in HR management
3.5 COVID-19 Impact Analysis on the market
4 HUMAN RESOURCE (HR) TECHNOLOGY MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Talent Management
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Payroll Management
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Performance Management
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Workforce Management
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
5 HUMAN RESOURCE (HR) TECHNOLOGY MARKET, BY DEPLOYMENT MODE
5.1 Overview
5.1.1 Market size and forecast
5.2 On-Premises
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Cloud
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
6 HUMAN RESOURCE (HR) TECHNOLOGY MARKET, BY ORGANIZATION SIZE
6.1 Overview
6.1.1 Market size and forecast
6.2 Large Enterprises
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Small and Medium Sized Enterprises (SMEs)
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
7 HUMAN RESOURCE (HR) TECHNOLOGY MARKET, BY END-USER
7.1 Overview
7.1.1 Market size and forecast
7.2 BFSI
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 IT and Telecom
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4 Healthcare
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
7.5 Retail
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market share analysis by country
7.6 Manufacturing
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market share analysis by country
7.7 Government
7.7.1 Key market trends, growth factors and opportunities
7.7.2 Market size and forecast, by region
7.7.3 Market share analysis by country
7.8 Others
7.8.1 Key market trends, growth factors and opportunities
7.8.2 Market size and forecast, by region
7.8.3 Market share analysis by country
8 HUMAN RESOURCE (HR) TECHNOLOGY MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Type
8.2.3 North America Market size and forecast, by Deployment Mode
8.2.4 North America Market size and forecast, by Organization Size
8.2.5 North America Market size and forecast, by End-User
8.2.6 North America Market size and forecast, by country
- 8.2.6.1 U.S
- 8.2.6.1.1 Key market trends, growth factors and opportunities
- 8.2.6.1.2 Market size and forecast, by Type
- 8.2.6.1.3 Market size and forecast, by Deployment Mode
- 8.2.6.1.4 Market size and forecast, by Organization Size
- 8.2.6.1.5 Market size and forecast, by End-User
- 8.2.6.2 Canada
- 8.2.6.2.1 Key market trends, growth factors and opportunities
- 8.2.6.2.2 Market size and forecast, by Type
- 8.2.6.2.3 Market size and forecast, by Deployment Mode
- 8.2.6.2.4 Market size and forecast, by Organization Size
- 8.2.6.2.5 Market size and forecast, by End-User
- 8.2.6.1 U.S
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Type
8.3.3 Europe Market size and forecast, by Deployment Mode
8.3.4 Europe Market size and forecast, by Organization Size
8.3.5 Europe Market size and forecast, by End-User
8.3.6 Europe Market size and forecast, by country
- 8.3.6.1 UK
- 8.3.6.1.1 Key market trends, growth factors and opportunities
- 8.3.6.1.2 Market size and forecast, by Type
- 8.3.6.1.3 Market size and forecast, by Deployment Mode
- 8.3.6.1.4 Market size and forecast, by Organization Size
- 8.3.6.1.5 Market size and forecast, by End-User
- 8.3.6.2 Germany
- 8.3.6.2.1 Key market trends, growth factors and opportunities
- 8.3.6.2.2 Market size and forecast, by Type
- 8.3.6.2.3 Market size and forecast, by Deployment Mode
- 8.3.6.2.4 Market size and forecast, by Organization Size
- 8.3.6.2.5 Market size and forecast, by End-User
- 8.3.6.3 France
- 8.3.6.3.1 Key market trends, growth factors and opportunities
- 8.3.6.3.2 Market size and forecast, by Type
- 8.3.6.3.3 Market size and forecast, by Deployment Mode
- 8.3.6.3.4 Market size and forecast, by Organization Size
- 8.3.6.3.5 Market size and forecast, by End-User
- 8.3.6.4 Italy
- 8.3.6.4.1 Key market trends, growth factors and opportunities
- 8.3.6.4.2 Market size and forecast, by Type
- 8.3.6.4.3 Market size and forecast, by Deployment Mode
- 8.3.6.4.4 Market size and forecast, by Organization Size
- 8.3.6.4.5 Market size and forecast, by End-User
- 8.3.6.5 Spain
- 8.3.6.5.1 Key market trends, growth factors and opportunities
- 8.3.6.5.2 Market size and forecast, by Type
- 8.3.6.5.3 Market size and forecast, by Deployment Mode
- 8.3.6.5.4 Market size and forecast, by Organization Size
- 8.3.6.5.5 Market size and forecast, by End-User
- 8.3.6.6 Rest of Europe
- 8.3.6.6.1 Key market trends, growth factors and opportunities
- 8.3.6.6.2 Market size and forecast, by Type
- 8.3.6.6.3 Market size and forecast, by Deployment Mode
- 8.3.6.6.4 Market size and forecast, by Organization Size
- 8.3.6.6.5 Market size and forecast, by End-User
- 8.3.6.1 UK
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Type
8.4.3 Asia-Pacific Market size and forecast, by Deployment Mode
8.4.4 Asia-Pacific Market size and forecast, by Organization Size
8.4.5 Asia-Pacific Market size and forecast, by End-User
8.4.6 Asia-Pacific Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Key market trends, growth factors and opportunities
- 8.4.6.1.2 Market size and forecast, by Type
- 8.4.6.1.3 Market size and forecast, by Deployment Mode
- 8.4.6.1.4 Market size and forecast, by Organization Size
- 8.4.6.1.5 Market size and forecast, by End-User
- 8.4.6.2 Japan
- 8.4.6.2.1 Key market trends, growth factors and opportunities
- 8.4.6.2.2 Market size and forecast, by Type
- 8.4.6.2.3 Market size and forecast, by Deployment Mode
- 8.4.6.2.4 Market size and forecast, by Organization Size
- 8.4.6.2.5 Market size and forecast, by End-User
- 8.4.6.3 India
- 8.4.6.3.1 Key market trends, growth factors and opportunities
- 8.4.6.3.2 Market size and forecast, by Type
- 8.4.6.3.3 Market size and forecast, by Deployment Mode
- 8.4.6.3.4 Market size and forecast, by Organization Size
- 8.4.6.3.5 Market size and forecast, by End-User
- 8.4.6.4 Australia
- 8.4.6.4.1 Key market trends, growth factors and opportunities
- 8.4.6.4.2 Market size and forecast, by Type
- 8.4.6.4.3 Market size and forecast, by Deployment Mode
- 8.4.6.4.4 Market size and forecast, by Organization Size
- 8.4.6.4.5 Market size and forecast, by End-User
- 8.4.6.5 South Korea
- 8.4.6.5.1 Key market trends, growth factors and opportunities
- 8.4.6.5.2 Market size and forecast, by Type
- 8.4.6.5.3 Market size and forecast, by Deployment Mode
- 8.4.6.5.4 Market size and forecast, by Organization Size
- 8.4.6.5.5 Market size and forecast, by End-User
- 8.4.6.6 Rest of Asia-Pacific
- 8.4.6.6.1 Key market trends, growth factors and opportunities
- 8.4.6.6.2 Market size and forecast, by Type
- 8.4.6.6.3 Market size and forecast, by Deployment Mode
- 8.4.6.6.4 Market size and forecast, by Organization Size
- 8.4.6.6.5 Market size and forecast, by End-User
- 8.4.6.1 China
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Type
8.5.3 LAMEA Market size and forecast, by Deployment Mode
8.5.4 LAMEA Market size and forecast, by Organization Size
8.5.5 LAMEA Market size and forecast, by End-User
8.5.6 LAMEA Market size and forecast, by country
- 8.5.6.1 Latin America
- 8.5.6.1.1 Key market trends, growth factors and opportunities
- 8.5.6.1.2 Market size and forecast, by Type
- 8.5.6.1.3 Market size and forecast, by Deployment Mode
- 8.5.6.1.4 Market size and forecast, by Organization Size
- 8.5.6.1.5 Market size and forecast, by End-User
- 8.5.6.2 Middle East
- 8.5.6.2.1 Key market trends, growth factors and opportunities
- 8.5.6.2.2 Market size and forecast, by Type
- 8.5.6.2.3 Market size and forecast, by Deployment Mode
- 8.5.6.2.4 Market size and forecast, by Organization Size
- 8.5.6.2.5 Market size and forecast, by End-User
- 8.5.6.3 Africa
- 8.5.6.3.1 Key market trends, growth factors and opportunities
- 8.5.6.3.2 Market size and forecast, by Type
- 8.5.6.3.3 Market size and forecast, by Deployment Mode
- 8.5.6.3.4 Market size and forecast, by Organization Size
- 8.5.6.3.5 Market size and forecast, by End-User
- 8.5.6.1 Latin America
9 COMPETITIVE LANDSCAPE
9.1 Introduction
9.2 Top winning strategies
9.3 Product Mapping of Top 10 Player
9.4 Competitive Dashboard
9.5 Competitive Heatmap
9.6 Top player positioning, 2021
10 COMPANY PROFILES
10.1 Cegid
10.1.1 Company overview
10.1.2 Key Executives
10.1.3 Company snapshot
10.1.4 Operating business segments
10.1.5 Product portfolio
10.1.6 Business performance
10.1.7 Key strategic moves and developments
10.2 Hi Bob, Inc
10.2.1 Company overview
10.2.2 Key Executives
10.2.3 Company snapshot
10.2.4 Operating business segments
10.2.5 Product portfolio
10.2.6 Business performance
10.2.7 Key strategic moves and developments
10.3 Infor
10.3.1 Company overview
10.3.2 Key Executives
10.3.3 Company snapshot
10.3.4 Operating business segments
10.3.5 Product portfolio
10.3.6 Business performance
10.3.7 Key strategic moves and developments
10.4 SAP SE
10.4.1 Company overview
10.4.2 Key Executives
10.4.3 Company snapshot
10.4.4 Operating business segments
10.4.5 Product portfolio
10.4.6 Business performance
10.4.7 Key strategic moves and developments
10.5 Workday, Inc
10.5.1 Company overview
10.5.2 Key Executives
10.5.3 Company snapshot
10.5.4 Operating business segments
10.5.5 Product portfolio
10.5.6 Business performance
10.5.7 Key strategic moves and developments
10.6 Ceridian HCM, Inc
10.6.1 Company overview
10.6.2 Key Executives
10.6.3 Company snapshot
10.6.4 Operating business segments
10.6.5 Product portfolio
10.6.6 Business performance
10.6.7 Key strategic moves and developments
10.7 IBM Corporation
10.7.1 Company overview
10.7.2 Key Executives
10.7.3 Company snapshot
10.7.4 Operating business segments
10.7.5 Product portfolio
10.7.6 Business performance
10.7.7 Key strategic moves and developments
10.8 Oracle Corporation
10.8.1 Company overview
10.8.2 Key Executives
10.8.3 Company snapshot
10.8.4 Operating business segments
10.8.5 Product portfolio
10.8.6 Business performance
10.8.7 Key strategic moves and developments
10.9 ADP, Inc
10.9.1 Company overview
10.9.2 Key Executives
10.9.3 Company snapshot
10.9.4 Operating business segments
10.9.5 Product portfolio
10.9.6 Business performance
10.9.7 Key strategic moves and developments
10.10 Cornerstone OnDemand, Inc
10.10.1 Company overview
10.10.2 Key Executives
10.10.3 Company snapshot
10.10.4 Operating business segments
10.10.5 Product portfolio
10.10.6 Business performance
10.10.7 Key strategic moves and developments