Pune, Jan. 10, 2025 (GLOBE NEWSWIRE) — Human Resource (HR) Technology Market Size Analysis: “ The SNS Insider report indicates that the Human Resource (HR) Technology Market was valued at USD 38.1 billion in 2023 and is projected to grow to USD 84.7 billion by 2032, expanding at a CAGR of 9.3% over the forecast period of 2024-2032. ” Rising Adoption of Cloud-Based HR Solutions One major factor contributing to the growth of the market will be the increasing adoption of cloud-based HR technologies. Cloud solutions offer scalability, cost-effectiveness, and on-demand data accessibility, allowing organizations to optimize HR functions like payroll, recruitment, and personnel performance management. For remote and hybrid workplaces, these platforms are especially useful as they offer HR teams the freedom to perform HR operations from anywhere. Besides, cloud-based solutions require far less swash of IT infrastructure so they are budget-friendly options for the SMEs. The increasing focus of businesses on digital transformation will provide a big thrust to the adoption of cloud-based HR technologies, which rely heavily on automation and analytics, thus propelling market growth. Get a Sample Report of Human Resource (HR) Technology Market @ https://www.snsinsider.com/sample-request/2754 Major Players Analysis Listed in this Report are: Workday […]
Click here to view original web page at www.globenewswire.com
