According to the latest report by IMARC Group, titled “Europe Human Resource (HR) Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the market is expected to exhibit a CAGR of 9.26% during 2022-2027.
Human resource (HR) technology refers to the tools and services used for optimizing processes related to employment and administration in an organization. It includes solutions for talent acquisition, performance management, workforce analysis, employee payroll, compensation, welfare benefits and administration. HR technology aids in supporting hiring operations, optimizing workforce management and retaining and maintaining talent. It also assists in scheduling and managing staff time, improving payrolls and integrating applicant tracking. It finds extensive application across various industries, such as healthcare, information technology (IT), hospitality and banking, financial services, and insurance (BFSI).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Europe Human Resource (HR) Technology Market Trends:
The Europe human resource (HR) technology market is primarily being driven by the increasing adoption of advanced HR management solutions across organizations. The rising demand for predictive and workforce analytics to increase productivity is positively impacting the market growth. Moreover, various technological advancements, such as the integration of machine learning (ML), artificial intelligence (AI) and predictive analytics solutions with the HR platforms for analyzing behavioral patterns of the employees and performance, are providing a thrust to the market growth.
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Europe Human Resource (HR) Technology Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the based on country, application, type, end use industry, company size.
Breakup by Application:
- Talent Management
- Payroll Management
- Performance Management
- Workforce Management
Breakup by Type:
Breakup by End Use Industry:
- TTH (Travel, Transportation, Hospitality)
- Public Sector
- Health Care
- Information Technology
- BFSI (Banking, Financial services, and Insurance)
Breakup by Company Size:
- Less than 1k Employees
- 1k -5k Employees
- Greater than 5k Employees
Breakup by Country:
- United Kingdom
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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