Human Resource (HR) Technology Market Report by Application (Talent Management, Payroll Management, Performance Management, Workforce Management, Recruitment, and Others), Type (Inhouse, Outsourced), End-Use Industry (TTH (Travel, Transportation, Hospitality), Public Sector, Health Care, Information Technology, BFSI (Banking, Financial services, and Insurance), and Others), Company Size (Less than 1k Employees, 1k -5k Employees, Greater than 5k Employees), and Region 2025-2033
The global human resource (HR) technology market size reached USD 36.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 69.6 Billion by 2033, exhibiting a growth rate (CAGR) of 7.6% during 2025-2033.
Report Attribute
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 36.0 Billion
Market Forecast in 2033
USD 69.6 Billion
Market Growth Rate 2025-2033
7.6%
Human resource technology is a significant part of the human resource industry. It enhances all the aspects of employment with the organization, starting from the first day of recruitment until the retirement of the employees. The human resources technologies help the employer to manage payrolls, onboarding, talent sourcing, performance and workforce management, talent management, etc.
The global human resource technology market is primarily driven by the aging of conventional human resource tools as enterprises are now gradually adopting the human resource software ecosystem. The human resource software solutions provide a time and cost-effective way for managing numerous human resources. Moreover, rapid technological innovations have augmented the demand for such solutions for diverse applications, such as workforce management, and talent management. Furthermore, rising working population and complex management methods are also creating a positive impact on this market. Owing to this, there has been an escalating development in the marketplace for recruitment, advertisement, assessment, and interviewing. Moreover, human resource technology lowers the risks of systemic errors in comparison to the conventional methods of human resourcing. This helps in time management, along with increasing productivity and reducing employment costs.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global human resource (HR) technology market report, along with forecasts at the global and regional level from 2025-2033. Our report has categorized the market based on application, type, end-use industry and company size.
The competitive landscape of the industry has also been examined with some of the key players being SAP, Workday, ADP, Oracle, Microsoft, Kronos Incorporated, Ultimate Software, SumTotal Systems, IBM and Ceridian, etc.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2024
Historical Period
2019-2024
Forecast Period
2025-2033
Units
Billion USD
Segment Coverage
Application, Type, End-Use Industry, Company Size, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered
SAP, Workday, ADP, Oracle, Microsoft, Kronos Incorporated, Ultimate Software, SumTotal Systems, IBM and Ceridian
Customization Scope
10% Free Customization
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)
Key Questions Answered in This Report
The global human resource (HR) technology market was valued at USD 36.0 Billion in 2024.
We expect the global human resource (HR) technology market to exhibit a CAGR of 7.6% during 2025-2033.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of Human Resource (HR) technology across several organizations for time management, workforce management, and increasing productivity, during the remote working scenario.
The growing adoption of automated solutions for minimizing the risks of systemic errors in human resourcing with enhanced time- and cost-effectiveness, is primarily driving the global human resource (HR) technology market.
Based on the application, the global human resource (HR) technology market has been bifurcated into talent management, payroll management, performance management, workforce management, recruitment, and others. Currently, talent management accounts for the largest market share.
Based on the type, the global human resource (HR) technology market can be segmented into inhouse and outsourced, where outsourced holds the majority of the total market share.
Based on the end-use industry, the global human resource (HR) technology market has been categorized into TTH (Travel, Transportation, Hospitality), public sector, health care, information technology, BFSI (Banking, Financial services, and Insurance), and others. Among these, the information technology sector currently exhibits a clear dominance in the market.
Based on the company size, the global human resource (HR) technology market can be divided into less than 1k employees, 1k-5k employees, and greater than 5k employees. Currently, greater than 5k employees account for the majority of the global market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global human resource (HR) technology market include SAP, Workday, ADP, Oracle, Microsoft, Kronos Incorporated, Ultimate Software, SumTotal Systems, IBM, Ceridian, etc.
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