The GCC HR Tech Market to Reach USD 5,483.5 Million by 2032, Growing at a CAGR of 9.05% | Astute Analytica
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As businesses in the Gulf Cooperation Council (GCC) region continue to embrace digital transformation, HR technology solutions are playing a pivotal role in streamlining workforce management, enhancing recruitment processes, and improving employee engagement. The increasing adoption of cloud-based HR platforms, advancements in artificial intelligence (AI), and the integration of analytics into human resource functions are key drivers propelling the market's growth.
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๐๐ซ๐ข๐ฏ๐๐ซ: ๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ฎ๐ญ๐จ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฌ ๐๐ง๐ญ๐๐ซ๐ฉ๐ซ๐ข๐ฌ๐๐ฌ
The GCC HR tech marketโs increasing requirement for automation among enterprises is acting as a major driver of HR tech growth. Moreover, the market is also being fueled by the adoption of HR technology solutions like cloud-based human capital management (HCM) software suites. These types of solution offer an extensive range feature such as talent management systems, recruiting software, performance management systems and workforce analytics tools which meet changing organizational needs within the region. Seventy percent (70%) of GCC companies plan to invest in HR tech to improve their talent management capabilities according to our research findings thus highlighting how important automation has become in HR processes.
The HR tech industry is expanding rapidly in the Gulf Cooperation Council due to increased job opportunities created through digital transformation initiatives by organizations. For example, United Arab Emirates alone had more than 1133 technology related jobs advertised on various online platforms in 2023 alone which shows that there were many positions available for people skilled in these areas. This surge reflects growing demand for skills required to work with automated systems or even manage them while working with othersโ data thus necessitating this expertise within this geographyโs labor market. Another trend gaining momentum is integration around HCM platforms where companies want their systems talking seamlessly between different HR functions at once so they can have all necessary information about employees easily accessible. Thereby Oracle HCM Cloud being one such system in the GCC HR tech market that allows core HR functions alongside talent and workforce managements on same platform hence automating most if not all activities performed by department staff members while SAP SuccessFactors has been adopted dans intend drive efficiency across its entire operation through advanced use of technology especially those touching on employee records keeping.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ ๐๐ ๐๐๐๐ก ๐๐๐ซ๐ค๐๐ญ
SAP SE
Oracle Corporation
Automatic Data Corporation (ADP), Inc
Cornerstone OnDemand, Inc.
Ceridian HCM Holding Inc.
Infor, Inc.
Cegid Group
The Access Group
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๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Talent Management
Payroll Management
Performance Management
Workforce Management
Recruitment
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TTH (Travel, Transportation, and Hospitality)
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Aamir Beg
Astute Analytica
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