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:
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 |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| 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$ 2499
Five User License: US$ 2999
Corporate License: US$ 3499 |
| 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:
- 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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Human Resource (HR) Technology Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Application
6.1 Talent Management
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Payroll Management
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Performance Management
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Workforce Management
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Recruitment
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Type
7.1 Inhouse
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Outsourced
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 TTH (Travel, Transportation, Hospitality)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Public Sector
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Health Care
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Information Technology
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 BFSI (Banking, Financial Services, and Insurance)
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Company Size
9.1 Less than 1k Employees
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 1k - 5k Employees
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Greater than 5k Employees
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North India
10.1.1 Market Trends
10.1.2 Market Breakup by State
10.1.3 Market Forecast
10.2 West and Central India
10.2.1 Market Trends
10.2.2 Market Breakup by State
10.2.3 Market Forecast
10.3 East India
10.3.1 Market Trends
10.3.2 Market Breakup by State
10.3.3 Market Forecast
10.4 South India
10.4.1 Market Trends
10.4.2 Market Breakup by State
10.4.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Policy and Regulatory Landscape
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
List of Figures
Figure 1: India: Human Resource Technology Market: Major Drivers and Challenges
Figure 2: India: Human Resource Technology Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: Human Resource Technology Market: Breakup by Application (in %), 2021
Figure 5: India: Human Resource Technology Market: Breakup by Type (in %), 2021
Figure 6: India: Human Resource Technology Market: Breakup by End Use Industry (in %), 2021
Figure 7: India: Human Resource Technology Market: Breakup by Company Size (in %), 2021
Figure 8: India: Human Resource Technology Market: Breakup by Region (in %), 2021
Figure 9: India: Human Resource Technology (Talent Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Human Resource Technology (Talent Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Human Resource Technology (Payroll Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Human Resource Technology (Payroll Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Human Resource Technology (Performance Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Human Resource Technology (Performance Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Human Resource Technology (Workforce Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Human Resource Technology (Workforce Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Human Resource Technology (Recruitment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Human Resource Technology (Recruitment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Human Resource Technology (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Human Resource Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Human Resource Technology (Inhouse) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Human Resource Technology (Inhouse) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Human Resource Technology (Outsourced) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Human Resource Technology (Outsourced) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Human Resource Technology (Travel, Transportation, Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Human Resource Technology (Travel, Transportation, Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Human Resource Technology (Public Sector) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Human Resource Technology (Public Sector) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Human Resource Technology (Health Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Human Resource Technology (Health Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Human Resource Technology (Information Technology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Human Resource Technology (Information Technology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: Human Resource Technology (Banking, Financial Services, and Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: Human Resource Technology (Banking, Financial Services, and Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Human Resource Technology (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Human Resource Technology (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Human Resource Technology (Less than 1k Employees) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Human Resource Technology (Less than 1k Employees) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Human Resource Technology (1k - 5k Employees) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Human Resource Technology (1k - 5k Employees) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Human Resource Technology (Greater than 5k Employees) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Human Resource Technology (Greater than 5k Employees) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North India: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North India: Human Resource Technology Market: Breakup by State (in %), 2021
Figure 45: North India: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: West and Central India: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: West and Central India: Human Resource Technology Market: Breakup by State (in %), 2021
Figure 48: West and Central India: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South India: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South India: Human Resource Technology Market: Breakup by State (in %), 2021
Figure 51: South India: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: East India: Human Resource Technology Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: East India: Human Resource Technology Market: Breakup by State (in %), 2021
Figure 54: East India: Human Resource Technology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Human Resource Technology Industry: SWOT Analysis
Figure 56: India: Human Resource Technology Industry: Value Chain Analysis
Figure 57: India: Human Resource Technology Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Human Resource Technology Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Human Resource Technology Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 3: India: Human Resource Technology Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: India: Human Resource Technology Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: India: Human Resource Technology Market Forecast: Breakup by Company Size (in Million US$), 2022-2027
Table 6: India: Human Resource Technology Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Human Resource Technology Market: Competitive Structure
Table 8: India: Human Resource Technology Market: Key Players