From GlobeNewswire.: 2024-05-17 05:30:00

The Global Human Resource Technology Market is set to grow from USD 37.43 Billion in 2023 to USD 88.38 Billion by 2033, with a CAGR of 8.97%. HR Tech involves using technology for various HR tasks. The market for HR technology is driven by the aging of traditional solutions and the increasing acceptance of HR software. Talent management is expected to hold the largest share in the market, while the cloud segment is predicted to grow the fastest. North America and Asia Pacific are key regions driving market growth, with the IT and telecommunications sector expected to grow the most. Major vendors in the market include IBM, Oracle, and Workday. In recent developments, Workday and ADP expanded their partnership to provide global payroll and HR services. The market is segmented based on type, deployment, end-user, and region. Spherical Insights & Consulting is a firm offering market research and consulting services for various industries.



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