Global Human Resource Professional Services Market by type (core human resource, employee collaboration & engagement, recruiting, talent management, workforce planning & analytics, and others.), by deployment (hosted, and on-premise.), by enterprise size (large enterprises, and small & medium enterprises.), by end-user (academia, BFSI, government, healthcare, IT & telecom, manufacturing, retail, and others.) and by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) is expected to reach US$ 7.86 Bn by 2026, at a CAGR of 12.84 % during a forecast period.
Increasing demand for flexibility in accessing data pertaining to leaves, attendance, work schedule, and training modules is expected to boost global human resource professional services market growth. Owing to lack of expertise in advanced technologies, while implementing latest solutions and offerings, are expected to hinder the global human resource professional services market growth.
Small and medium enterprises are anticipated to emerge as the fastest-growing segment during forecast period.
Increasing government initiatives and various digital small and medium enterprises efforts across the globe are expected to further drive the growth of Enterprise segment through forecast period. Increasing implementation of information technology infrastructure by small and medium enterprises and automation of human resources processes are expected to boost segment growth.
Asia Pacific market is estimated to witness significant growth over the forecast period.
The Asia Pacific market is estimated to witness significant growth over the forecast period due to increasing favourable government initiatives, especially in India, China, and Japan, to efficiently manage workforce. Furthermore, increasing expenditure due to implementation of latest technologies by organizations for developing their businesses is predicted to contribute to market growth.
The key market players of the global human resource professional services market are ADP, Inc., Oracle Corporation, SAP SE, Ultimate Software, Workday, Inc., IBM Corporation, Kronos, Inc., Skillsoft, and Cornerstone On Demand, Inc.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global human resource professional services market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global human resource professional services market. The driving forces as well as considerable restraints have been explained in depth. in addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global human resource professional services market positioning of competitors.
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