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The digital HR market has experienced remarkable growth, driven by an increased emphasis on automation, AI, and the strategic impact of technology. Currently valued at $62.6 billion, the HR technology market is projected to exceed $90 billion by 2026 in the U.S. In the last year, 78% of organizations reported increased spending on HR technologies, and the trend is likely to continue.
The advantages of digital transformation and disruption in HR are well-documented: enhanced efficiency, broader employee reach through on-demand self-service, and improved business decision-making enabled by advanced analytics.
Despite considerable investments in technology, these efforts have often failed to