Human Resource (HR) Technology Market Size, Share, Growth Analysis, By Component(Software, Service), By Deployment(On-premise, Cloud), By Enterprise Size(Large Enterprise, Small & Medium Enterprise (SME)), By Industry(BFSI, IT, Telecommunication, Government), By Region - Industry Forecast 2024-2031

There are several reputable companies in the HR technology market. They are mostly concentrating on buying up local businesses to acquire their product catalogs. Some of the competing businesses hope to rebrand to offer fresh alternatives. For instance, in May 2020: Workday announced a partnership with Microsoft. This partnership aims to enhance cloud-based enterprise planning software by operating workday adaptive planning on the Microsoft Azure cloud.

Top Players in the Global Human Resource Technology Market

• Cornerstone OnDemand, Inc. (US)
• IBM Corporation
• SAP SE
• Oracle Corporation
• Workday, Inc.
• ADP, LLC
• Ultimate Software Group, Inc.
• Ceridian HCM, Inc.
• Paycom Software, Inc.
• Paylocity Holding Corporation
• BambooHR LLC
• Kronos Incorporated
• Talentsoft S.A.
• Namely, Inc.
• Zenefits
• Gusto
• Paycor, Inc.
• PeoplePerHour
• Jobvite, Inc.
• Breezy HR

Human Resource Technology Market Recent Development

• In January 2022, Darwinbox, a cloud base HR Technology startup raised $72 million in a funding round which was led by Netflix backer TCV at a valuation of more than $1 billion.
• In February 2021, Ceridian HCM Inc. acquired Ascender, a payroll and HR solutions provider headquartered in Japan. Through this acquisition, these companies aim to provide comprehensive human capital management and payroll solutions in Asia Pacific.