Asia Pacific Human Resource (HR) Technology Market Expected to Reach US$ 8,892 Million by 2027 | Industry CAGR of 9.9%

According to the latest report by IMARC Group, "Asia Pacific Human Resource (HR) Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The Asia Pacific human resource (HR) technology market size reached US$ 5,025 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 8,892 Million by 2027, exhibiting a growth rate (CAGR) of 9.9% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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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Asia Pacific Human Resource (HR) Technology 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.

Report Segmentation:

The report has segmented the market into the following categories:

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.

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

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