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The India human resource (HR) technology market is currently witnessing strong growth. Human resource (HR) technology is a set of tools used by human capital professionals to automate routine operations, secure data storage and analytical management of reports for superior decision making. It is adopted by various organizations as it helps in improving the recruiting efficiency and streamlining multiple processes while reducing the administrative burden and minimizing the compliance and administrative costs. HR technology also optimizes the recruitment process and related tasks and enhances the overall efficiency of the HR department.
The India human resource (HR) technology market is primarily driven by the rapid industrialization and urbanization that have resulted in the increasing number of corporate organizations. Besides this, there has been a growing demand for advanced HR tools that assist in improving the learning, productivity, and engagement of employees. Moreover, various digitization initiatives undertaken by the Government of India have provided an impetus to the growth of the market. Furthermore, the integration of HR technology with cloud computing, software-as-a-service (SaaS), artificial intelligence (AI), business intelligence (BI), and dashboards have provided added flexibility and competitive edge over other solutions, which is positively impacting the market growth. On account of these factors, the market is expected to continue its strong growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the India human resource (HR) technology market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, application, type, end use industry and company size.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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