GITNUX MARKETDATA REPORT 2024

Hr Technology Industry Statistics

The HR technology industry is projected to grow steadily, driven by increased adoption of cloud-based solutions and the rise of artificial intelligence and data analytics in HR processes.

Statistic 1

"88% of organizations globally use high-tech enrollment services to streamline their onboarding process."

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Statistic 2

"As of 2020, the worldwide market value for HR technology is over $148 billion."

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Statistic 3

"Over 95% of businesses with fewer than 50 employees use HR tech for payroll."

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Statistic 4

"HR tech software is projected to reach market value of $34.9 billion by 2026."

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Statistic 5

"In 2019, 65% of organizations increased their investment in HR tech."

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Statistic 6

"47% of organizations plan to fully replace their HR system within 5 years."

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Statistic 7

"Over 60% of the best HR applications purchased in 2017&2018 were cloud-based."

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Statistic 8

"In 2020, more than 70% of companies outsourced benefits."

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Statistic 9

"Predictive analytics is used by 17% of organizations globally."

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Statistic 10

"Demand for mobile HR apps is anticipated to increase by more than 15% annually."

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Statistic 11

"Only 40% of HR professionals rate their organization's HR tech abilities as good or excellent."

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Statistic 12

"It's estimated that by 2025, over half of all HR tasks will be automated."

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Statistic 13

"In the coming years, over 60% of HR leaders are planning to invest in HR technology tools that better support data reporting and analytics."

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Statistic 14

"As per a study, AI can automate 80% of repetitive tasks in HR."

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Statistic 15

"Less than half of businesses globally have a mobile-optimized application process."

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Statistic 16

"Over 75% of staffers rate collaboration as very important, but only 18% of companies give easy access to HR technologies (like collaboration tools)."

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