GCC HR Tech Market Valuation Set to Skyrocket to Reach USD 5,483.5 Million By 2032 | Astute Analytica [Yahoo! Finance]
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Source: Yahoo! Finance
Despite challenges in implementation and security, the market's potential for growth and innovation positions the region as a global HR tech leader. New Delhi, June 18, 2024 (GLOBE NEWSWIRE) -- The GCC HR tech market is projected to hit the market valuation of US$ 5,483.5 million by 2032 from market size of US$ 2,557.3 million in 2023 at a healthy CAGR of 9.05% during the forecast period 2024–2032. The Gulf Cooperation Council (GCC) countries, which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, are increasingly adopting HR tech solutions to streamline their human resources processes and improve overall efficiency. This shift towards digitalization is driven by several factors, including the need to attract and retain top talent, enhance employee engagement, and optimize HR operations. One of the primary reasons for the adoption of HR tech solutions in the GCC is the region's focus on diversifying its economy and reducing its dependence on oil re
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