India Human Resource (HR) Technology Market Report by Application (Talent Management, Payroll Management, Performance Management, Workforce Management, Recruitment, and Others), Type (Inhouse, Outsourced), End Use Industry (TTH (Travel, Transportation, Hospitality), Public Sector, Health Care, Information Technology, BFSI (Banking, Financial Services, and Insurance), and Others), Company Size (Less than 1k Employees, 1k - 5k Employees, Greater than 5k Employees), and Region 2024-2032
The India human resource (HR) technology market size reached US$ 1,040 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,170 Million by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1,040 Million
Market Forecast in 2032
US$ 2,170 Million
Market Growth Rate 2024-2032
8.3%
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 report, along with forecasts at the country and regional level from 2024-2032. 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:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Million
Segment Coverage
Application, Type, End Use Industry, Company Size, Region
Region Covered
North India, West and Central India, East India, South India
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The India Human Resource (HR) technology market was valued at US$ 1,040 Million in 2023.
We expect the India Human Resource (HR) technology market to exhibit a CAGR of 8.3% during 2024-2032.
The rising adoption of Human Resource (HR) technology, as it aids in improving the recruiting efficiency, streamlining various processes, reducing the administrative burden, minimizing the compliance and administrative costs, etc., is primarily driving the India Human Resource (HR) technology market.
The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of HR technology by several organizations across the nation, as it allows to automate routine operations and secure data storage and analytical management of reports, during the remote working scenario.
Based on the application, the India Human Resource (HR) technology market has been divided into talent management, payroll management, performance management, workforce management, recruitment, and others. Among these, talent management currently exhibits a clear dominance in the market.
Based on the type, the India Human Resource (HR) technology market can be categorized into inhouse and outsourced. Currently, outsourced accounts for the majority of the total market share.
Based on the end use industry, the India Human Resource (HR) technology market has been segregated into TTH (Travel, Transportation, Hospitality), public sector, health care, information technology, BFSI (Banking, Financial Services, and Insurance), and others. Among these, the information technology industry currently exhibits a clear dominance in the market.
Based on the company size, the India Human Resource (HR) technology market can be bifurcated into less than 1k employees, 1k - 5k employees, and greater than 5k employees. Currently, greater than 5k employees hold the largest market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India.
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