2023 HR Tech Market Map-One Glance at the Global HR Tech Market, Easy with DHRmap ( Newest Release on August 18, 2023)
August 18, 2023, Dallas ,Global innovative HR tech media and platform DHRmap
has released its newest version of the DHRmap market map for global HR professionals. Designed to enhance HR efficiency, it enables a quick understanding of the dynamic market and products at a glance. The global HR tech market is always evolving, so DHRmap will regularly update this map to keep pace with the market! Want to ensure you never miss an update? Subscribe now!
The Global HR Tech Market Explodes
DHRmap（HR tech market map ） 2023.8.18
According to a global research firm, the global HR tech market was valued at $32.58 billion in 2021 and is projected to reach $76.5 billion by 2031, growing at a surprising compound annual rate of 9.2%.
One Glance to Know the HR Tech Market, Easy with DHRmap
The firm attributes this growth to the increase in companies focusing on the automation of HR operations, communications, collaboration platforms, engagement systems, help desks, and portals, driven by hybrid work models, as well as the adoption of cost-effective HR tech products. During the sudden economic downturn caused by the pandemic, organizations reduced investment in traditional HR tech providers and shifted towards purchasing more advanced and cost-effective products.
Additionally, the low-interest-rate investing environment has unleashed billions of dollars to entrepreneurs, empowering them to create hundreds of new HR tech products in recent years. “The HR Tech Market is on fire,” says global HR tech advisor Josh Bersin. Despite his prediction of slow growth in 2023, HR Tech products continue to increase, and the HR Tech category keeps expanding.
How can HR professionals keep pace with the ever-changing HR tech market? How can they understand the business value amidst dozens of dazzling HR tech products? HR's work is complex and demanding, encompassing people strategy, daily HR operations, hiring, retention, and more. While it's beneficial to invest time and energy into understanding the market and products, DHRmap offers a more convenient choice!
DHRmap continuously observes the global HR tech market and reports on the funding news of standout digital HR companies and products. We created a global HR tech market map designed to enhance HR efficiency and enable a quick understanding of the dynamic market and products at a glance. Currently, DHRmap gathers 52 HR business categories and over 1000 digital HR products, ensuring alignment with key criteria such as innovation, financial health, competitive standing, and a customer-centric approach. Since the global HR tech market is always evloving, DHRmap will regularly update the map to keep you in step with the market!
On June 18th, we proudly released the first version of the DHRmap market map at the 76th SHRM Annual Conference, receiving tremendous positive feedback. In the updated version, DHRmap has added the AIGC tool category and updated logos to reflect recent market mergers & acquisitions.
The market is always changing, and so are the products. DHRmap stays on the frontline, providing timely updates to keep global HR professionals in sync!
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