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Saudi Arabia HR Tech Market, By Type (Inhouse, Outsourced); By Company Size (<1,000 Employees, 1,000–5,000 Employees, >5,000 Employees); By Application (Talent Management, Payroll Management, Performance Management, Workforce Management, Recruitment, Othe

Publisher BlueWeave Consulting
Published Jan 15, 2025
Length 124 Pages
SKU # BLWC20001418

Description

Saudi Arabia HR Tech Market Size Set to Touch USD 1.03 Billion by 2031

Saudi Arabia HR Tech Market is booming primarily driven by Vision 2030 initiatives, digital transformation, increased ICT spending, and a youthful, tech-savvy workforce.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia HR Tech Market size by value at USD 576.8 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Saudi Arabia HR Tech Market size to boom at a robust CAGR of 10.70% reaching a value of USD 1,029.10 million by 2031. Saudi Arabia HR Tech Market is driven by the Kingdom's increasing emphasis on digital transformation and automation across industries, aligning with Vision 2030 goals. The growing adoption of cloud-based HR solutions enhances efficiency in recruitment, payroll, and workforce management. A rising demand for data-driven decision-making tools, such as AI and analytics in HR processes, fuels the growth of Saudi Arabia HR Tech Market. The expanding workforce in major sectors like construction, oil & gas, healthcare, and IT increases the need for efficient HR systems. Additionally, the shift toward remote and hybrid work models post-pandemic further accelerates the demand for HR tech solutions to manage employee engagement, performance, and compliance effectively.

Opportunity – Increasing Demand for AI and ML-based HR Solutions

Saudi Arabia HR Tech Market is witnessing robust growth due to the growing adoption of AI and machine learning (ML) technologies in human resource management. These solutions enable organizations to streamline talent acquisition, automate repetitive tasks, and enhance decision-making processes. AI-powered HR tools offer predictive analytics for workforce planning, personalized employee experiences, and efficient performance management systems. Moreover, the Vision 2030 initiative fosters digital transformation across industries, driving investment in innovative HR technologies. The growing need for data-driven insights to improve employee engagement and optimize HR operations further fuels the demand for AI and ML-based HR solutions.

Talent Management Holds Largest Share of Saudi Arabia HR Tech Market

The talent management segment accounts for a major market share of Saudi Arabia HR Tech Market. The segment’s dominance is driven by the Kingdom's Vision 2030 initiative, which emphasizes modernizing human resources to enhance efficiency and competitiveness. Consequently, organizations are increasingly adopting advanced talent management solutions to attract, develop, and retain skilled professionals, aligning with the nation's economic diversification and growth objectives.

Impact of Escalating Geopolitical Tensions on Saudi Arabia HR Tech Market

Escalating geopolitical tensions could have a significant impact on Saudi Arabia's HR Tech Market. Uncertainty from regional conflicts or international trade disruptions may lead to decreased investments in technology and innovation. Businesses may prioritize cost-saving measures over adopting new HR technologies, slowing market growth. However, some sectors may drive demand for HR tech solutions to streamline operations, improve talent management, and ensure workforce resilience. Additionally, geopolitical tensions could influence workforce dynamics, prompting companies to adopt remote work solutions and AI-driven recruitment tools, offsetting some negative impacts. The overall market performance would be shaped by ongoing regional stability.

Competitive Landscape

Saudi Arabia HR Tech Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include SAP SE, Oracle Corporation, Automatic Data Processing (ADP), Inc., Cornerstone OnDemand, Inc., Ceridian HCM Holding Inc., Infor, Inc., Cegid Group, The Access Group, HRnetOne, and Links International. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Saudi Arabia HR Tech Market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and Saudi Arabia HR Tech Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia HR Tech Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

124 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia HR Tech Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing adoption of digital transformation in HR functions across organizations
3.2.1.2. Growing demand for cloud-based HR solutions to improve workforce management efficiency
3.2.1.3. Government initiatives to promote digitalization, such as Vision 2030
3.2.2. Restraints
3.2.2.1. High implementation costs for advanced HR technologies
3.2.2.2. Limited availability of skilled professionals for HR tech implementation and management
3.2.3. Opportunities
3.2.3.1. Increasing demand for AI and machine learning-based HR solutions
3.2.3.2. Expansion of SaaS (Software-as-a-Service) HR solutions tailored to local market needs
3.2.4. Challenges
3.2.4.1. Lack of standardization and integration across various HR tech platform
3.2.4.2. Data privacy and security concerns related to cloud-based solutions.
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia HR Tech Market: Marketing Strategies
5. Saudi Arabia HR Tech Market: Pricing Analysis
6. Saudi Arabia HR Tech Market Overview
6.1. Market Size & Forecast, 2019–2031
6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
6.2.1. By Type
6.2.1.1. Inhouse
6.2.1.2. Outsourced
6.2.2. By Company Size
6.2.2.1. <1,000 Employees
6.2.2.2. 1,000–5,000 Employees
6.2.2.3. >5,000 Employees
6.2.3. By Application
6.2.3.1. Talent Management
6.2.3.2. Payroll Management
6.2.3.3. Performance Management
6.2.3.4. Workforce Management
6.2.3.5. Recruitment
6.2.3.6. Others
6.2.4. By End User
6.2.4.1. TTH (Travel, Transportation, and Hospitality)
6.2.4.2. Public Sector
6.2.4.3. Healthcare
6.2.4.4. Information Technology
7. Competitive Landscape
7.1. List of Key Players and Their Offerings
7.2. Saudi Arabia HR Tech Company Market Share Analysis, 2024
7.3. Competitive Benchmarking, By Operating Parameters
7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on Saudi Arabia HR Tech Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
9.1. SAP SE
9.2. Oracle Corporation
9.3. Automatic Data Processing (ADP), Inc
9.4. Cornerstone OnDemand, Inc.
9.5. Ceridian HCM Holding Inc.
9.6. Infor, Inc.
9.7. Cegid Group
9.8. The Access Group
9.9. HRnetOne
9.10. Links International
9.11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
11.1. Qualitative Research
11.1.1. Primary & Secondary Research
11.2. Quantitative Research
11.3. Market Breakdown & Data Triangulation
11.3.1. Secondary Research
11.3.2. Primary Research
11.4. Breakdown of Primary Research Respondents
11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Saudi Arabia HR Tech Segmentation
Figure 2 Saudi Arabia HR Tech Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2024
Figure 4 Saudi Arabia HR Tech Market Size, By Value (USD Million), 2019–2031
Figure 5 Saudi Arabia HR Tech Market Share, By Type, By Value (USD Million), 2019–2031
Figure 6 Saudi Arabia HR Tech Market Share, By Company Size, By Value (USD Million), 2019–2031
Figure 7 Saudi Arabia HR Tech Market Share, By Application, By Value (USD Million), 2019–2031
Figure 8 Saudi Arabia HR Tech Market Size, By End User, By Value (USD Million), 2019–2031
List of Tables
Table 1 Saudi Arabia HR Tech Market Size, By Value (USD Million), 2019–2031
Table 2 Saudi Arabia HR Tech Market Size, By Type, By Value (USD Million), 2019–2031
Table 3 Saudi Arabia HR Tech Market Size, By Company Size, By Value (USD Million), 2019–2031
Table 4 Saudi Arabia HR Tech Market Size, By Application, By Value (USD Million), 2019–2031
Table 5 Saudi Arabia HR Tech Market Size, By Company Size, By Value (USD Million), 2019–2031
Table 6 Saudi Arabia HR Tech Market Size, By End User, By Value (USD Million), 2019–2031
Table 7 SAP SE Company Overview
Table 8 SAP SE Financial Overview
Table 9 Oracle Corporation Company Overview
Table 10 Oracle Corporation Financial Overview
Table 11 Automatic Data Processing (ADP), Inc. Company Overview
Table 12 Automatic Data Processing (ADP), Inc. Financial Overview
Table 13 Cornerstone OnDemand, Inc. Company Overview
Table 14 Cornerstone OnDemand, Inc. Financial Overview
Table 15 Ceridian HCM Holding Inc. Company Overview
Table 16 Ceridian HCM Holding Inc. Financial Overview
Table 17 Infor, Inc. Company Overview
Table 18 Infor, Inc. Financial Overview
Table 19 Cegid Group Company Overview
Table 20 Cegid Group Financial Overview
Table 21 The Access Group Company Overview
Table 22 The Access Group Financial Overview
Table 23 HRnetOne Company Overview
Table 24 HRnetOne Financial Overview
Table 25 Links International Company Overview
Table 26 Links International Financial Overview

Pricing

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