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The global HR software market is growing by more than 10% annually, projected to reach over $44.28 billion by 2031. This rapid growth is due to the rise of mobile and cloud deployments, as well as increased automation in HR procedures and expanded adoption of cloud technologies such as Software as a Service (SaaS).
Advantages of HR technology like automatic updates, document control, and ubiquity are expected to boost demand, as is the rise of Millennial and Gen Z managers who are more tech-savvy and inclined towards digital solutions.
HR leaders need to implement a robust HR technology strategy to