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HR Technology Industry in India | Market Size to reach US$ 1,640 Mn by 2028, CAGR of 9.5%

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HR Technology Industry in India | Market Size to reach US$ 1,640 Mn by 2028, CAGR of 9.5%

February 22
15:00 2023
HR Technology Industry in India | Market Size to reach US$ 1,640 Mn by 2028, CAGR of 9.5%
India human resource (HR) technology market Research & Forecast Report 2023-2028
The India human resource (HR) technology market size reached US$ 1,640 Million by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028.

According to the latest report by IMARC Group, titled “India Human Resource (HR) Technology Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” 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.

Market Overview:

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.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/india-human-resource-technology-market/requestsample

India Human Resource (HR) Technology Market Trends:

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.

Competitive Landscape:

·         The competitive landscape of the industry has also been examined along with the profiles of the key players.

India Human Resource (HR) Technology Market 2023-2028 Analysis and Segmentation:

The report has segmented the market on the based on region, application, type, end use industry, company size.

Breakup by Application:

·         Talent Management

·         Payroll Management

·         Performance Management

·         Workforce Management

·         Recruitment

·         Others

Breakup by Type:

  • Inhouse
  • Outsourced

Breakup by End User 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

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-human-resource-technology-market

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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