HRTech Report 2H2020
Globally, HR technology is a large market space, spanning everything from recruitment to performance reviews. The increasing need for managing a widespread workforce and growing demand for replacing legacy systems with improved human capital management platforms are anticipated to fuel market growth.
Organisations continue to face the challenge of finding, keeping and developing new hires to their full potential. Combined with AI- and technology-based advances, these motivations are driving the HRTech market. As a result, what used to be a slow-moving corporate technology space a decade ago is now a $148 billion market of HR cloud solutions to address the needs for the future of work.
The report focuses on HR Tech subsectors such as Recruitment, Core HR and Payroll & Benefits. It includes:
- Trends and analysis of deal activity
- Deal geography
- Top acquirers
- Valuation metrics