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Saudi Arabia Hr Tech Market

Saudi Arabia Hr Tech Market

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, Others); By End User (TTH (Travel, Transportation, Hospitality), Public Sector, Healthcare, Information Technology)), Trend Analysis, Competitive Landscape & Forecast, 2019–2031

  • Published Date: January 2025
  • Report ID: BWC25030
  • Available Format: PDF
  • Page: 124

Report Overview

Digital transformation, workforce management, talent retention, remote work, automation, AI, ML, employee engagement, operational efficiency, economic diversification, and regulatory compliance are expected to drive Saudi Arabia HR Tech Market during the forecast period between 2025 and 2031.

Saudi Arabia HR Tech Market – Industry Trends & Forecast Report, 2031

Saudi Arabia HR Tech Market size was estimated at USD 576.8 million in 2024. During the forecast period between 2025 and 2031, Saudi Arabia HR Tech Market size is projected to grow at a CAGR of 10.70% reaching a value of USD 1,029.10 million by 2031. Saudi Arabia HR Tech Market is experiencing robust growth due to several driving factors. The nation's Vision 2030 initiative, aimed at economic diversification and modernization, fuels the adoption of innovative HR technologies. Companies are increasingly embracing digital transformation to streamline workforce management, enhance employee engagement, and improve operational efficiency. The rise of remote work and the need for effective talent retention strategies further accelerate the demand for HR tech solutions. Additionally, advancements in artificial intelligence and machine learning enable data-driven decision-making, optimizing HR processes and aligning them with strategic goals. These factors collectively contribute to a dynamic and evolving HR tech landscape in Saudi Arabia.

Saudi Arabia HR Tech Market

HR Tech – Overview

HR Tech, or Human Resources Technology, refers to digital tools and software designed to streamline and enhance HR processes. It covers areas like recruitment, payroll, performance management, and employee engagement. By automating repetitive tasks, HR tech helps in improving efficiency and accuracy, allowing HR professionals to focus on strategic initiatives. It also aids in compliance, data security, and decision-making through advanced analytics. Overall, HR Tech supports organizational growth by optimizing HR functions and improving employee experiences.

Saudi Arabia HR Tech Market

Growth Drivers

Growing Adoption of Digital Transformation in HR Functions across Organizations

Saudi Arabia HR Tech Market is experiencing significant growth, driven by the increasing adoption of digital transformation in HR functions. Organizations are leveraging innovative tools to automate routine tasks, allowing HR professionals to focus on strategic initiatives. This shift is fueled by the country's Vision 2030 plan, which aims to diversify the economy and modernize various sectors. Therefore, businesses are investing in HR tech solutions to enhance operational efficiency, streamline processes, and improve employee experiences.

Challenges

High Implementation Costs for Advanced HR Technologies

One of the key restraints in Saudi Arabia HR Tech Market is the high implementation costs for advanced HR technologies. Many organizations face financial challenges when adopting sophisticated HR solutions, which could be expensive to implement and maintain. These costs include not only the initial investments in software and hardware, but also ongoing expenses related to training, support, and upgrades. Therefore, some businesses may be hesitant to invest in advanced HR technologies, potentially limiting their ability to fully leverage the benefits of digital transformation and automation.

Impact of Escalating Geopolitical Tensions on Saudi Arabia HR Tech Market

Escalating geopolitical tensions among countries across the regions, particularly in the Middle East, could significantly impact Saudi Arabia HR Tech Market. Military, economic, trade, and political tensions may lead to instability, affecting investments in HR technologies. Organizations might prioritize cost-cutting measures over technological advancements, slowing market growth. Additionally, geopolitical conflicts can disrupt supply chains, leading to delays in the implementation of HR tech solutions. It could hinder the adoption of new technologies and limit access to necessary resources. Furthermore, international collaborations and partnerships may be affected, reducing the exchange of innovative ideas and solutions. Overall, escalating geopolitical tensions could create a challenging environment for the HR Tech Market in Saudi Arabia.

Saudi Arabia HR Tech Market

Segmental Coverage

Saudi Arabia HR Tech Market – By Type

Based on type, Saudi Arabia HR Tech Market is bifurcated into Inhouse and Outsourced segments. The in-house segment is a larger type in Saudi Arabia HR Tech Market. The segment’s dominance is driven by the preference of organizations to maintain control over their HR processes, ensuring alignment with company-specific requirements and compliance with local labor regulations. Inhouse HR technology solutions enable businesses to streamline recruitment, payroll, employee management, and performance tracking while safeguarding sensitive data. Additionally, the increasing adoption of advanced HR software and tools within Saudi organizations, especially among large enterprises, contributes to the growth of this segment, reflecting the market's focus on enhancing internal HR capabilities.

Saudi Arabia HR Tech Market Size

Saudi Arabia HR Tech Market – By Company Size

By company size, Saudi Arabia HR Tech Market is bifurcated into <1,000 Employees, 1,000–5,000 Employees, and >5,000 Employees segments. In Saudi Arabia HR Tech Market, enterprises with over 5,000 employees represent the largest segment. These large organizations face complex HR management challenges, such as intricate payroll systems and diverse employee benefits, necessitating sophisticated HR solutions. Their substantial budgets and strategic foresight enable them to invest in advanced HR technologies, enhancing operational efficiency and providing a competitive edge in talent acquisition and management. This trend is expected to continue as Saudi Arabia advances its Vision 2030 initiatives, emphasizing digital transformation across various sectors.

Saudi Arabia HR Tech Market Share

Saudi Arabia HR Tech Market – By Application

On the basis of application, Saudi Arabia HR Tech Market is segmented into Talent Management, Payroll Management, Performance Management, Workforce Management, Recruitment, and other applications segments. The talent management segment is the largest application in Saudi Arabia HR Tech Market, due to the growing emphasis on enhancing employee engagement, retention, and development within organizations. Talent management solutions are widely adopted to streamline processes like learning and development, succession planning, and employee performance tracking. Additionally, the Kingdom's Vision 2030 initiative, which promotes workforce localization and skill enhancement, further fuels the demand for talent management technologies. As businesses increasingly recognize the importance of nurturing human capital, this segment continues to attract significant investments and innovations, solidifying its position as the market leader in the HR tech landscape.

Saudi Arabia HR Tech Market Trend

Saudi Arabia HR Tech Market – By End User

Saudi Arabia HR Tech Market by end user is segmented into TTH (Travel, Transportation, and Hospitality), Public Sector, Healthcare, and Information Technology segments. The Information Technology (IT) sector is the largest end user in Saudi Arabia HR Tech Market, due to the IT industry's rapid expansion and the government's digital initiatives, which have fostered the adoption of innovative HR technologies within this sector. The emphasis on digital transformation and the integration of advanced technologies has positioned the IT sector at the forefront of HR tech adoption in the Kingdom.

Saudi Arabia HR Tech Market Demand

Competitive Landscape

Major companies operating in Saudi Arabia HR Tech 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. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2031

Base Year – 2024

Estimated Year – 2025

Forecast Period – 2025–2031

Facts Covered

Revenue in USD Million

Market Coverage

Saudi Arabia

Product/ Service Segmentation

Type, Company Size, Application, End User

Key Players

SAP SE, Oracle Corporation, Automatic Data Processing (ADP), Inc., Cornerstone OnDemand, Inc., Ceridian HCM Holding Inc., Infor, Inc., Cegid Group, The Access Group, HRnetOne, Links International

 

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

  • Others

By End User

  • TTH (Travel, Transportation, and Hospitality)

  • Public Sector

  • Healthcare

  • Information Technology

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia HR Tech Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing adoption of digital transformation in HR functions across organizations
        2. Growing demand for cloud-based HR solutions to improve workforce management efficiency
        3. Government initiatives to promote digitalization, such as Vision 2030
      2. Restraints
        1. High implementation costs for advanced HR technologies
        2. Limited availability of skilled professionals for HR tech implementation and management
      3. Opportunities
        1. Increasing demand for AI and machine learning-based HR solutions
        2. Expansion of SaaS (Software-as-a-Service) HR solutions tailored to local market needs
      4. Challenges
        1. Lack of standardization and integration across various HR tech platform
        2. Data privacy and security concerns related to cloud-based solutions.
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      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
    1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Inhouse
        2. Outsourced
      2.  By Company Size
        1. <1,000 Employees
        2. 1,0005,000 Employees
        3. >5,000 Employees
      3. By Application
        1. Talent Management
        2. Payroll Management
        3. Performance Management
        4. Workforce Management
        5. Recruitment
        6. Others
      4. By End User
        1. TTH (Travel, Transportation, and Hospitality)
        2. Public Sector
        3. Healthcare
        4. Information Technology
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia HR Tech Company Market Share Analysis, 2024
    3. Competitive Benchmarking, By Operating Parameters
    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)
    1. SAP SE
    2. Oracle Corporation
    3. Automatic Data Processing (ADP), Inc
    4. Cornerstone OnDemand, Inc.
    5. Ceridian HCM Holding Inc.
    6. Infor, Inc.
    7. Cegid Group
    8. The Access Group
    9. HRnetOne
    10. Links International
    11. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1.       Qualitative Research
      1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4.       Breakdown of Primary Research Respondents
    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

Market Segmentation

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No data available

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Frequently Asked Questions (FAQs):

Ans: Saudi Arabia HR Tech Market size by value was estimated at USD 576.8 million in 2024.
Ans: Saudi Arabia HR Tech Market is expected to grow at a CAGR of 10.70% during the forecast period between 2025 and 2031.
Ans: By 2031, Saudi Arabia HR Tech Market size is forecast to reach a value of USD 1,029.10 million.
Ans: The growth of Saudi Arabia HR Tech Market is primarily driven by digital transformation, workforce management, talent retention, remote work, automation, AI, ML, employee engagement, operational efficiency, economic diversification, and regulatory compliance.
Ans: Key players in Saudi Arabia HR Tech 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.
Ans: The Information Technology (IT) segment is expected to grow at the fastest CAGR in Saudi Arabia HR Tech Market during the forecast period between 2025 and 2031.
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