SAAS-based Human Resource Market Size

SAAS-based Human Resource Market size is poised to reach USD 900 Billion by the end of 2036, growing at a CAGR of 13% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of SAAS-based human resources was USD 307 Billion. The reason behind the growth is impelled by the increasing adoption of SaaS-based Human Resource Management software, thereby increasing the efficiency of the HRM Division (Human Resource Management) and reducing the operational cost. According to estimates, more than 75% of organizations are using human resource management software to facilitate process efficiency and collect data.

  The rising technological innovation and advancement are believed to fuel the SAAS-based human resource market growth. AI-driven HR management software is revolutionizing HR work processes and personnel management and is helping HR professionals select the best resource by doing away with prejudice and guesswork. According to a recent survey, more than 80% of HR leader professionals are planning to adopt more artificial intelligence-based HR tools to their talent management process by the end of 2026.