India HR Technology Market Report
According to the latest report by IMARC Group, titled “Human Resource (HR) Technology Market in India: Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2022-2027”, the human resource (HR) technology market in India reached a value of US$850 million in 2021. Looking ahead, IMARC Group expects the market to reach US$1,510 million by 2027, posting a CAGR of 9.9 % in 2022-2027.
History: 2016-2021
Base year: 2021
Forecast year: 2022-2027
Download a free sample of the report: https://www.imarcgroup.com/india-human-resource-technology-market/requestsample
Industry Definition and Application of Human Resource (HR) Technology Market in India:
Human resources (HR) technology refers to a set of tools used by human capital professionals to automate HR tasks related to talent acquisition, payroll, workforce performance, analysis of employee comments, etc. This software is being adopted by several organizations as it helps in improving the overall efficiency of the HR department and streamlining various processes while minimizing administrative burden and ensuring fair compensation practices. In India, HR technology has emerged as a fast and cost effective solution to handle some of the most meticulous HR tasks.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
India Human Resource (HR) Technology Market Trends and Drivers:
Increasing levels of globalization, which have led to an increase in the number of multinational organizations, are primarily driving the Indian HR technology market. In addition to this, the growing demand for advanced HR tools that help improve employee learning, productivity, and engagement, is also propelling the growth of the market. These tools also offer a quick solution to perform several complex tasks and improve the financial performance of the organization. Moreover, increasing labor force and complex management methods are also creating a positive outlook for the regional market. Additionally, the growing integration of HR technology with cloud computing, artificial intelligence (AI), software as a service (SaaS), business intelligence (BI) and dashboards has provided an edge. competitive advantage and additional flexibility compared to other solutions. This, in turn, is expected to fuel the HR technology market in India in the coming years.
Browse the full report with TOC: https://www.imarcgroup.com/india-human-resource-technology-market
Human Resource (HR) Technology Market Segmentation in India:
The report has segmented the market based on region, application, type, end-use industry, and company size.
Breakdown by application:
talent management
Payroll management
Performance Management
Workforce management
Recruitment
Others
Breakdown by type:
internally
Subcontracted
Breakdown by end-user industry:
TTH (travel, transportation, hospitality)
Public sector
Health care
Computer science
BFSI (Banking, Financial Services and Insurance)
Others
Breakdown by business size:
Less than 1,000 employees
1,000 to 5,000 employees
More than 5,000 employees
Breakdown by region:
North India
West and Central India
South India
Eastern India
Related report from the IMARC group:
Europe HR Technology Market Report: https://www.imarcgroup.com/europe-human-resource-technology-market
Asia-Pacific Human Resource Technology Market Report: https://www.imarcgroup.com/asia-pacific-human-resource-technology-market
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