IMARC Group, a leading market research company, has recently releases report titled “India Human Resource (HR) Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the HR tech market size in India, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Report Highlights
How big is the India human resource (HR) technology Market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 940 Million |
| Market Forecast in 2028 | US$ 1,640 Million |
| Growth rate (2023 to 2028) | CAGR of 9.5% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is human resource (HR) technology?
Human resource (HR) technology includes numerous hardware and software tools that are used for automating HR processes across organizations. It aids in reducing the manual efforts required for executing several time-consuming tasks. HR technology also helps businesses in gaining insights from employee feedback that are later utilized for improving workforce retention as well as training and development methods. Consequently, it assists in streamlining the HR processes while minimizing administrative and compliance costs and ensuring fair pay practices. Request Free Sample Report: https://www.imarcgroup.com/india-human-resource-technology-market/requestsampleWhat are the growth prospects and trends in the India human resource (HR) technology industry?
The inflating industrialization levels are increasing the number of corporate organizations, which is primarily augmenting the India human resource (HR) technology market. Furthermore, the escalating demand for advanced HR tools that enhance the learning, productivity, and engagement of employees is propelling the market growth. Apart from this, the launch of various favorable digitization initiatives undertaken by government bodies in India is acting as another significant growth-inducing factor. Moreover, the growing integration of HR technology with cloud computing, Software-as-a-Service (SaaS), Artificial Intelligence (AI), Business Intelligence (BI), dashboards, etc., have provided added flexibility and competitive edge over other solutions, which is bolstering the market growth across the country. Besides this, the widespread adoption of human resource technology by HR teams to facilitate smooth remote working solutions, on account of the sudden outbreak of the COVID-19 pandemic, is further catalyzing the market growth. Additionally, the expanding working population, complex management methods used by businesses, and extensive R&D activities conducted by key market players are expected to fuel the India human resource (HR) technology market in the coming years.What is included in market segmentation?
The report has segmented the market into the following categories: Breakup by Application:- Talent Management
- Payroll Management
- Performance Management
- Workforce Management
- Recruitment
- Others
- Inhouse
- Outsourced
- TTH (Travel, Transportation, Hospitality)
- Public Sector
- Health Care
- Information Technology
- BFSI (Banking, Financial services, and Insurance)
- Others
- Less than 1k Employees
- 1k -5k Employees
- Greater than 5k Employees
- North India
- West and Central India
- South India
- East India
- The competitive landscape of the industry has also been examined along with the profiles of the key players.