GCC HR Tech Market 2023-2032 Forecast (USD Mil)

GCC HR Tech Market 2023-2032 Forecast (USD Mil)

12 November 2024

Bar graph showing an increasing GCC HR tech market size from $2,557.3M in 2023 to $5,483.5M in 2032 with a CAGR of 8.8%.

The GCC HR tech market is on a robust growth trajectory, projected to more than double over the next decade—rising from US $2.56 billion in 2023 to US $5.48 billion by 2032. This rapid expansion, set at a CAGR of 8.8%, underscores a region-wide commitment to modernizing HR operations across industries in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. As these economies prioritize diversification from oil and embrace digital transformation, 83% of Middle Eastern CEOs are placing HR tech high on their agendas.

With a young, tech-savvy population and an anticipated need for 5.5 million new jobs by 2030, demand for HR tech solutions—from talent management to AI-driven analytics—is set to soar. Notably, talent management applications make up over half of the HR tech market, as companies increasingly rely on technology to attract and retain top talent, manage remote work, and streamline HR processes. Challenges like cybersecurity and seamless implementation remain, but as the market evolves, HR tech in the GCC is poised to support a future-ready workforce.

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