Since 2022, the European Human Resources (HR) market has seen several shifts, largely due to the pandemic over the three preceding years. Several factors, such as the hybrid work model, a higher priority on communications, and an increased emphasis on well-being, have propelled the market from 2023 till now. Another prominent driving force that has emerged is the virtual or metaverse workspace.
In 2022, the European HR technology market was worth USD 3,802.4 million. It is anticipated to exhibit an astounding market value of USD 6,465.4 million by 2028, with a compound annual growth rate (CAGR) of 9.16 percent from the forecast period 2023 to 2028. These figures have drawn international attention to the region, and several multinational corporations are attempting to enter the European market.
This edition of Manage HR highlights some of the most important developments in the European HR sector in recent years, despite the emerging market volatilities. It includes companies like Echelon Health that bring uniqueness to the health assessment spectrum with their ability to detect the vast majority of diseases that are the leading causes of premature death. One of the market leaders in health assessment, it finds anything that is developing inside the body unseen, enabling treatment to be done earlier on.
The magazine also includes the insightful opinions of Kate Hipperson Greene, People & Culture Director, AEG Europe, and Diane Slater, Vice President, Human Resources, SJC. They each discuss the importance of employee network groups and organisational design in developing the HR sector.
Write to us about how the recent developments in the European HR market have affected the functioning of your organisations!
