Payroll, HR Solutions, and Services Market Share

North American Market Forecast

The payroll and HR solutions & services market in North America is estimated to have the largest share of 41% in 2023, propelled by the increasing adoption of advanced technologies in workplace management. In the forecasted period, businesses are planning to integrate several advanced automation for about 28%, 3D printing at 26%, augmented or virtual reality at 27%, and blockchain technology at 25% to enhance efficiency, traceability, security, and data protection.

APAC Market Statistics

The Asia Pacific payroll and HR solutions & services market is estimated to be the second largest, during the forecast period led by the increase in the demand for remote work along with hybrid work cultures, in which more employees are opting for these remote jobs, and this is fueling the demand for HR solutions and services. According to a report, the global volume of job searches that use the “remote” filter on one of the leading business and employment-focused social media platforms has increased by about 60% from the start of March. Moreover, in Asia-Pacific, the applications for remote jobs are growing as well, showing the increasing demand for remote work among job seekers.