The India human resource (HR) technology market size reached US$ 940 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,640 Million by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028.
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 2023-2028. Our report has categorized the market based on application, type, end use industry and company size.
Breakup by Application:
Breakup by Type:
Breakup by End Use Industry:
TTH (Travel, Transportation, Hospitality)
BFSI (Banking, Financial Services, and Insurance)
Breakup by Company Size:
Less than 1k Employees
1k - 5k Employees
Greater than 5k Employees
Breakup by Region:
West and Central India
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Base Year of the Analysis
Application, Type, End Use Industry, Company Size, Region
North India, West and Central India, East India, South India
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support
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$ 940 Million in 2022.
We expect the India Human Resource (HR) technology market to exhibit a CAGR of 9.5% during 2023-2028.
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.
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.