According to the latest report by IMARC Group, titled “Asia Pacific Human Resource (HR) Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” asia pacific human resource (HR) technology market is expected to exhibit a CAGR of XX% during 2022-2027.
Human resource (HR) technology is widely utilized by corporate organizations to automate routine processes and secure data storage. It also aids in providing analytical management reports and deep insights to facilitate improved decision-making. It involves the use of onboarding processes, talent and performance management and employee communications to streamline various processes and enhance the overall work efficiency of the enterprises.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The market in Asia Pacific is majorly driven by the increasing need for advanced HR tools to assist in improved management of numerous organizations across the corporate segment. The usage of HR technology enables enterprises to effectively perform a vast array of complex tasks in a limited amount of time, which creates a positive outlook for the market. Moreover, the governments of several countries across the Asia Pacific region are undertaking initiatives to promote digitization of various processes, thereby providing an impetus to the market growth. Some of the other factors contributing to the market growth include the widespread integration of HR technology with software-as-a-service (SaaS) and artificial intelligence (AI) and significant investments in research and development (R&D) activities.
Breakup by Application:
- Talent Management
- Payroll Management
- Performance Management
- Workforce Management
- Recruitment
- Others
Breakup by Type:
- Inhouse
- Outsourced
Breakup by End User Industry:
- TTH (Travel, Transportation, 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 Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
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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
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.
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