United States Human Resource (HR) Technology Market Size, Trends, Growth and Overview 2024-2032
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IMARC Group, a leading market research company, has recently releases report titled “United States 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, and 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 2024-2032”. The study provides a detailed analysis of the industry, including the United States human resource (HR) technology market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the United States Human Resource (HR) Technology Market?
The United States human resource (HR) technology market size reached US$ 9.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.0 Billion by 2032, exhibiting a growth rate (CAGR) of 12.05% during 2024-2032.
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United States human resource (HR) technology market Growth:
The United States human resource (HR) technology market is experiencing growth, driven by the increasing need for automation and data-driven decision-making in HR processes. Additionally, as businesses strive for efficiency and effectiveness in managing their workforce, there is a significant shift towards adopting HR technology solutions that streamline operations, such as recruitment, onboarding, payroll, performance management, and employee engagement, which is creating a positive outlook for the market. Moreover, the rising popularity of remote work and the elevating need for flexible work arrangements have further accelerated the adoption of HR technologies that support virtual team management and collaboration.
United States human resource (HR) technology market Segmentation:
Breakup by Application:
- Talent Management
- Payroll Management
- Performance Management
- Workforce Management
- Recruitment
- Others
Breakup by Type:
- Inhouse
- Outsourced
Breakup by End Use Industry:
- TTH (Travel, Transportation, and 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
United States human resource (HR) technology market Trends:
An emerging trend in the United States human resource (HR) technology market is the growing integration of artificial intelligence (AI) and machine learning (ML) capabilities into HR platforms. These technologies enhance the recruitment process through more efficient candidate screening and matching, and predict employee turnover, which is acting as another growth-inducing factor.
Furthermore, the escalating demand for employee experience platforms, which offer a holistic view of the employee journey and foster a more engaging and productive workplace culture, thereby stimulating the market growth across the country. In line with this, the increasing emphasis on diversity, equity, and inclusion (DEI) in the workplace, owing to the development of tools and analytics designed to mitigate bias in hiring and promotions toward DEI goals, is anticipated to drive the United States human resource (HR) technology market over the forecasted period.
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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