Insights Into The HR Advisory Services Market’s Growth Opportunities Through 2023-2032 – Includes HR Advisory Services Market Forecast
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The use of data-driven tools and analytics for employee engagement are expected to drive innovation in HR advisory services manufacturing, thus driving the market during the forecast period.
The global HR advisory services market is expected to grow from $150.99 billion in 2022 to $157.54 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The global HR advisory market size is expected to grow to $179.58 billion in 2027 at a CAGR of 3.3%.
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Global HR Advisory Services Market Segments Include:
- By Type: Compensation Consulting, Benefits Consulting, Human Resources Management Consulting, Actuarial Consulting, Strategic Consulting, Other Types
- By Service: Integration & Deployment, Support & Maintenance, Training & Consulting
- By End-Use: IT Services, Manufacturing, Financial Services, Mining And Oil & Gas, Construction, Other End-Uses
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global HR advisory services market in 2021.
Major Market Players in the HR advisory services market include IBM Corporation, Mckesson Corporation, Dell, Tata Consultancy Services, Infosys Limited, Accenture PLC, Aon, Deloitte Touche Tohmatsu Limited.
Organizations across the globe are focusing on creating a digital workplace using cloud services and AI, which is gaining significant popularity in the HR advisory market. The digital workplace is a modern concept using digital transformation to align technology to achieve organizational goals with operational efficiency. Cloud services and artificial intelligence (AI) are critical components of the digital workplace, assisting in the removal of geographic barriers for improved collaboration, increasing productivity and employee engagement, improving decision making, and optimizing costs. For instance, according to The Future of Jobs Report 2020, published by the World Economic Forum, AI is expected to replace 85 million jobs globally by 2025.
The HR Advisory Services Global Market Report 2023 provides a HR advisory services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The HR advisory services market forecast analyzes HR advisory services market size, HR advisory services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
HR advisory services assist businesses in increasing the efficiency of HR operations and effectively implementing new policies and procedures. HR Advisory Services help organizations transform their business culture, including changes in organizational design, processes, and systems, among other things.
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