WorkTech estimates the global market for HR technology across all categories to be $379 billion. The new data was compiled using an annualized price per employer per month (PEPM) model that WorkTech developed in 2014 and vets with HR technology providers across all categories, global HR tech market analysts, and customers/buyers on an ongoing basis.
Countries included in the latest update include United States, United Kingdom, Germany, France, Spain, Ireland, and Australia. These represent the most commonly requested countries by WorkTech tech provider advisory clients.
WorkTech advisory clients also have access to the data broken down by market segment, including the SMB, middle, and enterprise segments. Market segments are defined by ranges of paid employee population bands. The data is also broken down across seven distinct HR technology categories, including HRIS, payroll, time and attendance, benefits, talent management, talent acquisition suites/platforms, and talent acquisition ad technology.