According to the latest report by IMARC Group, titled “Asia Pacific Human Resource (HR) Technology Market Growth: Industry Trends, Share, Size, Opportunity and Forecast 2021-2026,” asia pacific human resource (HR) technology market is expected to exhibit strong growth during 2021-2026.
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.
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.
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.
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Asia Pacific Human Resource (HR) Technology Market 2021-2026 Analysis and Segmentation:
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
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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