Latin America Hr Software Market Size & Outlook, 2023-2030
The hr software market in Latin America is expected to reach a projected revenue of US$ 4,691.6 million by 2030. A compound annual growth rate of 13.1% is expected of Latin America hr software market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,983.5
Forecast, 2030 (US$M)
$4,691.6
CAGR, 2024 - 2030
13.1%
Report Coverage
Latin America
Latin America hr software market, 2018-2030 (US$M)
Latin America hr software market highlights
- The Latin America hr software market generated a revenue of USD 1,983.5 million in 2023.
- The market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, core hr was the largest revenue generating type in 2023.
- Core HR is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 1,983.5 million |
| Market revenue in 2030 | USD 4,691.6 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Core hr |
| Fastest growing segment | Core HR |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Core HR |
| Key market players worldwide | Accenture PLC Class A, Cezanne HR, International Business Machines Corp, Oracle Corp, Zellis, PwC, SAP SE, Talentsoft, UKG, Workday Inc Class A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 12.1% of the global hr software market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,731.7 million by 2030.
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HR Software Market Scope
Hr software market segmentation & scope
Employee Collaboration & Engagement
Recruiting
Talent Management
Workforce Planning & Analytics
Others
Organization Size
Large Enterprises
Small and Medium Enterprises
Deployment
Hosted
On-premise
End Use
Academia
BFSI
Government
Healthcare
IT & Telecom
Manufacturing
Retail
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
India
Japan
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
HR Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America hr software market
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