Human Resource Management Market Size Expected To Cross .17 Billion By 2027Posted by Neha Bora on March 17th, 2020 The Report Human Resource Management Market Size, Share & Trends Analysis Report By Software, By Service, By Deployment, By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2020 – 2027 The global human resource management market size is anticipated to reach USD 38.17 billion by 2027, registering a CAGR of 11.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. Increasing need for managing the widespread workforce coupled with growing demand for replacing legacy systems with improved human capital management platforms is anticipated to fuel the growth. Human resource management (HRM) solution providers focus on developing software/solutions that can easily integrate with mobile apps, thereby enabling employees and employers to access information pertaining to time and attendance, leaves, and performance status from their personal devices. Technological proliferation in the field of big data analytics, machine learning (ML), artificial intelligence (AI), and Internet of Things (IoT) is expected to positively impact the growth of the HRM market. Various solution providers are developing innovative solutions that integrate upcoming technologies into HR systems for enhanced organizational performance. The technology proliferation and improved features increase the transparency across the organizations and provide flexibility to access data anytime and anywhere across the globe. The increased adoption of cloud deployment across all industries is expected to accelerate the demand for HRM solutions over the forecast period. The use of cloud technology enables various Small and Medium Enterprises (SMEs) to adopt modern HRM solutions at reasonable prices without the need for constant upgrades or replacements of systems. In today’s improving workforce conditions, companies are enabling more technology investments that can assist in recruitment, management, and enhancement of human resources. Further key findings from the report suggest:
Access Research Report of Human Resource Management Market @ https://www.grandviewresearch.com/industry-analysis/human-resource-management-hrm-market Like it? Share it!More by this author |