Saudi Arabia HR Tech Market Set to Take the Valuation Beyond USD 2,684.21 Million By 2032 | Astute Analytica [Yahoo! Finance]
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Source: Yahoo! Finance
With substantial investments and a clear focus on leveraging technology, the Kingdom is well on its way to transforming its HR landscape, setting a benchmark for the region. New Delhi, June 11, 2024 (GLOBE NEWSWIRE) -- The Saudi Arabia HR Tech Market was valued at US$ 1,231.71 million in 2023 and is anticipated to reach US$ 2,684.21 million by 2032, at a CAGR of 9.25% during the forecast period 2024–2032. The HR tech landscape in Saudi Arabia is witnessing a significant surge, driven by the Kingdom's ambitious Vision 2030 initiative aimed at diversifying the economy and modernizing various sectors, including human resources. The demand for HR tech solutions is primarily fueled by the need for efficient talent management, improved employee engagement, and streamlined HR processes. According to a recent survey, 78% of Saudi companies plan to increase their investment in HR technology over the next three years. Furthermore, 65% of HR professionals in the region believe that tech adop
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