The global HR professional services market size is expected to reach USD 7.47 billion by 2025 at a 12.4% CAGR during the forecast period, according to a new study by Grand View Research, Inc. Increasing demand for human resource (HR) processes and need to manage remote teams due to ongoing workplace transformation are creating demand for HR professional services.
Growing awareness among enterprises regarding benefits of advanced Human Resource Management (HRM) services, particularly HR professional services, is playing a key role in improving employee retention and promoting satisfactory work-life balance.
Advancements in the field of big data analytics and Artificial Intelligence (AI) over the last decade have prompted numerous organizations to integrate these technologies into their business processes. Adoption of these advanced technologies aids organizations in gaining tactical conclusions regarding future market trends by analyzing HR data.
Automation of HR operations enables a reduction in workload of HR personnel. This further offers them sufficient time to invest in strategic decision-making. Moreover, use of predictive analytics in crucial processes such as talent management, succession planning, and career management makes management tasks easy. Benefits such as improved performance and ease of upgrading technology are expected to lead to extensive adoption of hosted HR professional services.
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Grand View Research has segmented the global HR professional services market based on type, deployment, enterprise size, end use, and region:
HR Professional Services Type Outlook (Revenue, USD Million, 2014 – 2025)
HR Professional Services Deployment Outlook (Revenue, USD Million, 2014 – 2025)
HR Professional Services Enterprise Size Outlook (Revenue, USD Million, 2014 – 2025)
HR Professional Services End Use Outlook (Revenue, USD Million, 2014 – 2025)
HR Professional Services Regional Outlook (Revenue, USD Million, 2014 – 2025)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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