Market Overview:

The India human resource (HR) technology market reached a value of US$ 850 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,510 Million by 2027, exhibiting a CAGR of 9.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India human resource (HR) technology market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on application, type, end use industry and company size.

Breakup by Application:

• Talent Management
• Payroll Management
• Performance Management
• Workforce Management
• Recruitment
• Others
   

Breakup by Type:

• Inhouse
• Outsourced
   

Breakup by End Use Industry:

• TTH (Travel, Transportation, Hospitality)
• Public Sector
• Health Care
• Information Technology
• BFSI (Banking, Financial Services, and Insurance)
• Others
   

Breakup by Company Size:

• Less than 1k Employees
• 1k - 5k Employees
• Greater than 5k Employees
   

Breakup by Region:

• North India
• West and Central India
• South India
• East India
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the India human resource (HR) technology market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the India human resource (HR) technology market?
• What are the key regional markets?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the end use industry?
• What is the breakup of the market based on the company size?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the India human resource (HR) technology market and who are the key players?
• What is the degree of competition in the industry?