Global HR tech market to reach USD 69.6 billion by 2033

The global human resource technology market is forecast to expand to USD 69.6 billion by 2033, almost double its value in 2024, according to research consultancy IMARC Group. The sector is expected to grow at a compound annual rate of 7.6% between 2025 and 2033.

Valued at USD 36 billion this year, the market has been boosted by digital transformation programmes, the shift to hybrid work and the rising use of artificial intelligence in managing people. Tools covering payroll, recruitment, employee engagement and learning are becoming central to business strategy as firms seek efficiency and stronger retention.

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