HR Technology Market expected to reach $84.7 billion by 2032, driven by cloud-based solutions

From GlobeNewswire: 2025-01-10 09:00:00

The HR Technology Market was valued at USD 38.1 billion in 2023 and is projected to reach USD 84.7 billion by 2032, growing at a CAGR of 9.3%. Cloud-based HR solutions are driving market growth, offering scalability, cost-effectiveness, and remote access. Major players include Workday, SAP, Oracle, ADP, and more. North America leads the market, with Asia-Pacific projected for rapid growth due to government initiatives and tech-savvy workforce. Japan’s “Society 5.0” initiative integrates digital HR platforms, highlighting Asia-Pacific’s role in the HR tech market. Recent developments include Workday’s AI-driven talent marketplace and Oracle’s enhanced cloud-based HCM suite. The market analysis report covers key points like market dynamics, segmentation, regional analysis, and company profiles. SNS Insider offers consulting services for market assessment, competitive benchmarking, and more to provide clients with accurate market data.



Read more at GlobeNewswire: Human Resource (HR) Technology Market to Reach USD 84.7