Saudi Arabia Human Resource Management Market Size & Outlook

The human resource management market in Saudi Arabia is expected to reach a projected revenue of US$ 1,771.4 million by 2030. A compound annual growth rate of 11.1% is expected of Saudi Arabia human resource management market from 2024 to 2030.
Revenue, 2023 (US$M)
$846.5
Forecast, 2030 (US$M)
$1,771.4
CAGR, 2024 - 2030
11.1%
Report Coverage
Saudi Arabia

Saudi Arabia human resource management market highlights

  • The Saudi Arabia human resource management market generated a revenue of USD 846.5 million in 2023 and is expected to reach USD 1,771.4 million by 2030.
  • The Saudi Arabia market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
  • In terms of segment, software was the largest revenue generating component in 2023.
  • Service is the most lucrative component segment registering the fastest growth during the forecast period.


Human resource management market data book summary

Market revenue in 2023USD 846.5 million
Market revenue in 2030USD 1,771.4 million
Growth rate11.1% (CAGR from 2023 to 2030)
Largest segmentSoftware
Fastest growing segmentService
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSoftware, Service
Key market players worldwideAccenture PLC Class A, Automatic Data Processing Inc, Cezanne HR, International Business Machines Corp, Mercer International Inc, Oracle Corp, SAP SE ADR, Workday Inc Class A, CEGID, Ceridian, PwC, UKG


Other key industry trends

  • In terms of revenue, Saudi Arabia accounted for 3.5% of the global human resource management market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, Saudi Arabia human resource management market is projected to lead the regional market in terms of revenue in 2030.
  • South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,477.6 million by 2030.

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Human Resource Management Market Scope

Human resource management market segmentation & scope
Core HR
Employee Collaboration & Engagement
Recruiting
Talent Management
Workforce Planning & Analytics
Others
Integration & Deployment
Support & Maintenance
Training & Consulting
Hosted
On-Premise
Large Enterprise
Small and Medium Enterprise
Academia
BFSI
Government
Healthcare
IT & Telecom
Manufacturing
Retail
Others

Human Resource Management Market Companies

Name Profile # Employees HQ Website

Saudi Arabia human resource management market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to human resource management market will help companies and investors design strategic landscapes.


Software was the largest segment with a revenue share of 67.99% in 2023. Horizon Databook has segmented the Saudi Arabia human resource management market based on software, service covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Saudi Arabia human resource management market databook

  • Our clientele includes a mix of human resource management market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia human resource management market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia human resource management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Saudi Arabia human resource management market size, by component, 2018-2030 (US$M)

Saudi Arabia Human Resource Management Market Outlook Share, 2023 & 2030 (US$M)

Saudi Arabia human resource management market size, by component, 2018-2030 (US$M)

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