#CAGR #Human #Resource #Technology #Market #Size #Worth
Pune, India, Oct. 21, 2022 (GLOBE NEWSWIRE) — The global Human Resource (HR) technology market size was valued at USD 22.90 billion in 2021 and is projected to reach a valuation of USD 23.98 billion by 2022. The market is expected to reach USD 39.90 billion by 2029 with a CAGR of 7.5% during the forecast period. Rising employment opportunities owing to increasing adoption of technologies is anticipated to drive market growth. Increasing adoption of AI and machine learning in businesses is expected to propel the market course. Integration of Robot Process Automation (RPA) is one of the key trends expected to facilitate market development. Fortune Business Insights™ shares this information in its report titled “Human Resource (HR) Technology Market, 2022-2029.”
Key Industry Development
March 2022- The Access Group acquired FastTrack, a cloud-based recruitment platform. The platform aims to help enterprises in payroll, billing, and timesheets. It will support Access Recruitment’s suite of software. The acquisition will help in the expansion of international reach of the Access Group.
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 7.5% |
| 2029 Value Projection | USD 39.90 Billion |
| Base Year | 2021 |
| Human Resource Technology Market Size in 2021 | USD 22.90 Billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 140 |
| Segments covered | Type; Deployment; Enterprise; Industry; |
| Human Resource Technology Market Growth Drivers | Increased Adoption of Artificial Intelligence and Machine Learning to Drive the Market |
| Limitations of Data Integration and Threat to Data Privacy to Impede the Market Growth |
COVID-19 Impact:
Adoption of Human Resource (HR) Technology During the Pandemic to Boost Market…
Read on GNW: With 7.5% CAGR, Human Resource Technology Market Size Worth
