According to the latest report by IMARC Group, titled “Asia Pacific Human Resource (HR) Technology Market Trend: Industry Share, Size, Growth, Opportunity and Forecast 2022-2027,” asia pacific human resource (HR) technology market is expected to exhibit a CAGR of XX% during 2022-2027.
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 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on country, application, type, end user industry, company size.
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 (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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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HR TECH as the third eye is the ultimate problem solver, guardian and friend working to do what falls in the employer and employees key interest.Today, Human Resource Management (HRM) is seen as the LEADER of corporate hierarchy!
Its’ function, practice and procedures play a key role in the normal working of work culture.
Human resources in any enterprise- be it small or medium constitutes an important area of study.Careful human resource management in small and medium enterprises is required to create and nourish good opportunities in the production process.
If managed effectively and efficiently, human resources can play a BIG ROLE in realizing the objectives of the businesses looking for ways TO MIND THEIR BUSINESS!
!As quoted in the Research India Publications http://www.ripublication.com 26 as Rajiv Oza, director HR, Dr Reddy’s Laboratories says, “HR will play an important role in attracting and retaining talent to work in SMEs.
For those who would like to fold their sleeves and manage dynamics very near to the market will enjoy their career in SMEs.
