HR Tech

A Statista DossierPlus on the global market for digitalized human resources solutions

DescriptionContent

HR tech has been influenced by the COVID-19 pandemic in two ways. First, employment in general has declined, with a large number of workers losing their jobs as firms being forced to furlough or downsize many workers. This creates a significant job for human resources, much of which must now be done remotely due to COVID-19 restrictions and precautions.

At the same time, the workers that have remained in their positions have shifted to remote work. This brings an opportunity for HR tech to assist in communication, collaboration, remote worker engagement and recognition, and employee development. Incumbent firms are expanding their existing business models, preparing to scale their products and platforms to accommodate the shift to remote work. At the same time, startups are making inroads into the market, often with more narrowly directed products. This DossierPlus explores how this shifting landscape will affect the HR tech market.

Most HR tech firms are headquartered in North America. This document gives an explanation why, while projecting the chances of a shift towards other markets. It also explores what sectors of the HR tech market will experience the largest growth, as well as where startups are likely to make inroads.

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