Global Market Size, Forecast, and Trend Highlights Over 2025-2037
SAAS-based Human Resource Market size was over USD 354.26 billion in 2024 and is poised to exceed USD 1.67 trillion by 2037, growing at over 12.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of software as a service based human resource is estimated at USD 392.5 billion.
The reason behind the growth is impelled by the increasing adoption of SaaS-based Human Resource Management software, thereby increasing the efficiency of the HRM Division (Human Resource Management) and reducing the operational cost. According to estimates, more than 75% of organizations are using human resource management software to facilitate process efficiency and collect data.
The rising technological innovation and advancement are believed to fuel the SAAS-based human resource market growth. AI-driven HR management software is revolutionizing HR work processes and personnel management and is helping HR professionals select the best resource by doing away with prejudice and guesswork. According to a recent survey, more than 80% of HR leader professionals are planning to adopt more artificial intelligence-based HR tools to their talent management process by the end of 2026.
