Report Description


Forecast Period

2025-2029

Market Size (2023)

USD 344.45 Million

CAGR (2024-2029)

26.16%

Fastest Growing Segment

Recruitment Tracking System

Largest Market

South India

Market Size (2029)

USD 1374.52 Million


Market Overview

India HRMS Market has valued at USD 344.45 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 26.16% through 2029. One of the primary drivers of this market is the rapid digital transformation across industries. Organizations are increasingly recognizing the need for streamlined HR processes to enhance efficiency and productivity. HRMS platforms are at the forefront of this transformation, automating various HR functions, from recruitment and onboarding to payroll management and talent development.

Regulatory compliance is a critical aspect of HRMS adoption in India. The country's labor laws and statutory reporting requirements are complex and vary from state to state. HRMS solutions play a vital role in ensuring that organizations remain compliant with these regulations, minimizing the risk of non-compliance and associated penalties.

The healthcare sector has emerged as a major end user of HRMS platforms due to its unique HR challenges. The sector's rapid growth, coupled with stringent compliance requirements, has driven the adoption of HRMS solutions to manage workforce expansion, talent acquisition, and payroll complexities.

Additionally, the COVID-19 pandemic has accelerated the adoption of HRMS solutions, with a focus on enabling remote work, enhancing mobile accessibility, and addressing employee well-being. This trend is likely to persist as organizations continue to adapt to evolving workplace dynamics.

Key Market Drivers

Digital Transformation and Industry 4.0 Adoption

India is witnessing a rapid wave of digital transformation, driven by Industry 4.0 principles and emerging technologies such as artificial intelligence (AI), machine learning (ML), and automation. This transformation extends to HR processes, where organizations are increasingly adopting HRMS solutions to streamline and modernize their human resource management.

The digitalization of HR operations offers numerous benefits, including enhanced efficiency, reduced administrative overheads, and improved accuracy in HR tasks such as payroll management, employee onboarding, and performance appraisals. HRMS platforms equipped with AI and automation capabilities are facilitating intelligent data-driven decision-making, talent analytics, and predictive workforce planning.

Moreover, Industry 4.0 is reshaping the nature of work, with a growing emphasis on remote and flexible work arrangements. HRMS solutions support these new work models by providing tools for remote access, self-service portals, and mobile apps. This adaptability aligns with the changing expectations of the Indian workforce, contributing to the increasing adoption of HRMS platforms.

Talent Management and Workforce Optimization

Talent management is a critical driver of the HRMS market in India. As organizations face intensifying competition for top talent, HRMS platforms are increasingly recognized as essential tools for attracting, developing, and retaining skilled employees.

HRMS solutions offer comprehensive talent management capabilities, including recruitment and applicant tracking, employee training and development, and performance management. These functionalities enable organizations to identify and nurture high-potential talent, align workforce skills with strategic goals, and improve employee engagement.

In India's dynamic job market, where skill gaps are common, HRMS platforms provide valuable insights into workforce skills and training needs. This data-driven approach supports the optimization of the workforce by ensuring that employees possess the skills required for the organization's growth and innovation.

Additionally, as organizations strive for diversity and inclusion, HRMS platforms help track and monitor diversity metrics, ensuring that HR policies are aligned with these objectives.

Regulatory Compliance and Statutory Reporting

India's intricate and ever-evolving regulatory landscape is a significant driver of HRMS adoption. Organizations face rigorous compliance requirements related to labor laws, taxation, and statutory reporting. HRMS platforms simplify compliance by automating tasks such as payroll calculations, tax deductions, and leave management while ensuring adherence to regional labor regulations.

The introduction of the General Data Protection Regulation (GDPR) and India's Personal Data Protection Bill has amplified the importance of data security and privacy compliance. HRMS providers are responding by enhancing data protection features and ensuring that their platforms comply with these regulations.

Moreover, the Goods and Services Tax (GST) implementation in India has increased the complexity of payroll and taxation. HRMS solutions equipped with GST-compliant payroll modules streamline tax calculations and reporting, alleviating a significant administrative burden for organizations.

Mobile Accessibility and Remote Work Trends

The rise of mobile accessibility and remote work trends in India is a powerful driver of HRMS adoption. As more employees work remotely or in hybrid models, HRMS platforms equipped with mobile apps and web-based interfaces enable them to access HR services, submit leave requests, and view pay stubs conveniently from their smartphones or tablets.

Mobile access aligns with India's growing smartphone penetration and the tech-savvy nature of the workforce. Employees now expect the same level of convenience and user experience from HR processes as they do from consumer apps.

Additionally, the COVID-19 pandemic has accelerated the acceptance of remote work arrangements, making it essential for HRMS platforms to support remote onboarding, virtual training, and remote performance management. As organizations embrace these changes, HRMS solutions play a vital role in ensuring that HR functions remain accessible and efficient, regardless of location.

Increasing Small and Medium-sized Enterprise (SME) Adoption

The adoption of HRMS platforms among small and medium-sized enterprises (SMEs) is on the rise in India. Traditionally, larger enterprises led in HRMS adoption due to their resources and scalability requirements. However, HRMS providers are now tailoring solutions to meet the unique needs and budgets of SMEs.

For SMEs, HRMS solutions offer a cost-effective way to modernize HR operations, automate repetitive tasks, and comply with labor laws. These organizations often have limited HR staff and face HR challenges similar to larger enterprises, making HRMS adoption a valuable investment.

Moreover, the scalability of HRMS platforms ensures that SMEs can grow without encountering limitations in their HR processes. The ability to customize workflows and reporting allows SMEs to adapt the system to their specific requirements, whether in recruitment, payroll, or talent management.


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Key Market Challenges

Diverse Regulatory Environment

One of the most significant challenges facing the India HRMS market is the diverse and intricate regulatory environment governing labor and employment. India has a complex system of labor laws, and these laws vary from state to state. Compliance with labor regulations, taxation rules, and statutory reporting requirements can be daunting for organizations operating across multiple states.

For HRMS providers, addressing these challenges involves developing solutions that can adapt to different regional laws and requirements. This often requires extensive customization and localization efforts to ensure that HRMS platforms can handle India's complex labor landscape seamlessly.

Moreover, staying updated with evolving labor laws and statutory changes is a perpetual challenge. HRMS vendors must regularly update their systems to reflect these changes, ensuring that organizations using their platforms remain compliant.

Data Security and Privacy Concerns

Data security and privacy concerns are increasingly significant challenges in the India HRMS market. With the proliferation of personal and sensitive employee data being stored in HRMS platforms, the risk of data breaches and privacy violations has escalated.

The General Data Protection Regulation (GDPR) and India's Personal Data Protection Bill are examples of regulations that aim to protect individual privacy and impose stringent data protection standards. HRMS providers must ensure that their systems are compliant with these regulations, which can be challenging due to the complexity of data storage and transmission.

Additionally, the adoption of cloud-based HRMS solutions raises questions about data security and ownership. Companies in India are cautious about entrusting sensitive HR data to third-party cloud providers, especially when data sovereignty concerns come into play. HRMS vendors need to demonstrate robust data security measures and transparent data handling practices to alleviate these concerns.

Accessibility and Digital Divide

India's digital divide presents a considerable challenge in the HRMS market. While urban areas and large enterprises are well-equipped with technology and internet access, many rural regions and smaller organizations struggle with limited digital infrastructure.

For HRMS platforms to be effective, they must be accessible to all employees, regardless of their location or access to technology. This challenge involves making HRMS interfaces user-friendly, mobile-responsive, and compatible with low-bandwidth internet connections.

Moreover, HRMS providers must consider the language diversity in India. Offering multilingual support and regional language interfaces is essential to ensure inclusivity and accessibility for all users.

Customization and Scalability

Customization and scalability challenges arise in the India HRMS market due to the unique requirements of organizations of various sizes and industries. HRMS platforms need to be flexible enough to accommodate the specific needs of diverse businesses, from small startups to large enterprises.

Smaller organizations may require streamlined HRMS solutions that are cost-effective and easy to implement. In contrast, larger enterprises need scalability and the ability to customize workflows, reporting, and integrations to align with their complex HR processes.

Balancing these diverse demands while ensuring that HRMS platforms remain user-friendly and maintain data integrity is a considerable challenge. HRMS providers must invest in robust customization features while ensuring that scalability does not compromise system performance.

Change Management and User Adoption

Change management and user adoption present challenges for HRMS implementation in India. Many organizations face resistance from employees who are accustomed to manual HR processes or legacy systems. Convincing employees to embrace new HRMS platforms and workflows requires effective change management strategies.

HRMS providers need to offer comprehensive training programs, user-friendly interfaces, and ongoing support to facilitate a smooth transition. Additionally, the diversity of India's workforce, including variations in digital literacy and tech-savviness, further complicates user adoption efforts.

Moreover, aligning HRMS platforms with the specific needs and cultural nuances of Indian workplaces is crucial for successful user adoption. Addressing these challenges involves a collaborative effort between HRMS vendors and organizations to ensure that the technology becomes an integral part of HR processes.

Key Market Trends

Cloud-Based HRMS Solutions

The adoption of cloud-based HRMS solutions continues to gain momentum in the Indian market. Organizations are recognizing the benefits of cloud-based HRMS, including scalability, cost-effectiveness, and remote accessibility. With the ongoing trend of remote and hybrid work arrangements, cloud-based HRMS enables HR professionals to manage employee data, payroll, and talent management efficiently from anywhere. This trend aligns with the broader shift towards cloud computing in India, driven by the need for flexibility and resilience in the face of evolving work environments.

Cloud-based HRMS solutions offer rapid deployment, reducing the time and resources required for implementation. Small and medium-sized enterprises (SMEs) in India, in particular, are embracing these solutions to streamline HR processes without substantial upfront investments in infrastructure. As data security and compliance remain paramount concerns, cloud HRMS providers are also enhancing their security measures and data encryption capabilities to meet India's regulatory requirements.

AI and Automation Integration

The integration of artificial intelligence (AI) and automation into HRMS solutions is another significant trend in the Indian market. AI-powered HRMS platforms offer advanced analytics, predictive insights, and automation of routine HR tasks. These capabilities empower HR professionals to make data-driven decisions, identify talent trends, and optimize workforce management strategies.

In India, where HR teams often grapple with managing large workforces, AI-driven HRMS solutions are invaluable. They facilitate efficient recruitment processes by analyzing resumes, conducting candidate matching, and even conducting initial interviews. Additionally, AI-driven chatbots are being used for employee self-service, handling queries, and providing instant assistance.

Automation within HRMS streamlines administrative tasks such as payroll processing, leave management, and performance appraisals. This trend is particularly beneficial for HR departments in India, which frequently deal with high volumes of paperwork and regulatory compliance requirements. Automation not only reduces manual errors but also enhances HR efficiency and compliance with Indian labor laws.

Employee Experience and Engagement Focus

Employee experience and engagement have become central considerations for organizations in India. HRMS platforms are evolving to address these priorities by offering features that improve the overall work experience for employees. Employee self-service portals allow personnel to access information, submit leave requests, and view pay stubs conveniently, enhancing their satisfaction.

Mobile accessibility is a key aspect of this trend, as a significant portion of India's workforce uses smartphones. HRMS solutions are increasingly mobile-friendly, enabling employees to engage with HR processes on their devices. This aligns with India's younger workforce, which values technology-driven convenience.

Moreover, HRMS platforms are incorporating tools for employee feedback and recognition. Real-time performance tracking and peer recognition features encourage a culture of continuous feedback and employee recognition, boosting morale and retention rates. Employee engagement analytics help HR teams identify trends and areas for improvement, ultimately enhancing the overall employee experience.

Compliance and Localization Features

Compliance with India's complex labor laws and regulatory requirements is a constant challenge for HR professionals. HRMS solutions are responding to this challenge by incorporating compliance and localization features. These features help organizations navigate India's labor regulations, taxation rules, and reporting requirements seamlessly.

India-specific payroll and tax modules are becoming integral to HRMS platforms, simplifying salary calculations, tax deductions, and statutory reporting. This is crucial in a country where payroll and taxation can be intricate, with different rules applying to different regions.

Localization also extends to language support and user interfaces tailored for diverse regions and linguistic preferences. Customizable templates for offer letters, employment contracts, and other HR documents help organizations adhere to legal requirements while maintaining consistency in communication.

Integration with Talent Management and Learning Systems

The integration of HRMS with talent management and learning management systems is gaining traction in India. Organizations are recognizing the value of having a unified platform that manages HR processes, talent acquisition, and employee development seamlessly.

Integrated systems facilitate talent acquisition by allowing HR teams to identify skill gaps and training needs based on performance data. This integration enables a holistic approach to talent management, from recruitment to onboarding and ongoing professional development.

In addition, the incorporation of learning management capabilities within HRMS platforms supports employee upskilling and reskilling efforts. This trend aligns with the increasing importance of employee development and continuous learning in India's evolving job market.

Segmental Insights

Business Application Insights

The Payroll Management System segment held 55.95% of the market share in 2023. The dominance of Payroll Management Systems in the India HRMS market can be attributed to several compelling reasons that include regulatory compliance, employee self-service, and workforce.

India's complex and ever-evolving statutory and regulatory landscape presents a considerable challenge for businesses. Payroll management involves intricate calculations, such as tax deductions, provident fund contributions, and professional tax, all of which need to be accurately computed and promptly reported. Non-compliance can result in severe penalties. A robust Payroll Management System automates these calculations and ensures adherence to statutory requirements, providing peace of mind to businesses.

Manual payroll processing is not only time-consuming but also prone to errors. Payroll software automates the entire process, from salary calculations to generating payslips. This automation significantly reduces the risk of human error, ensuring that employees are paid accurately and on time. In India, where organizations often manage large workforces, the efficiency gained through automation is particularly valuable.

Timely and error-free payroll processing enhances employee trust and satisfaction. Employees rely on their paychecks for their livelihood, and any errors or delays can lead to dissatisfaction and demotivation. A dependable Payroll Management System instills confidence in employees, fostering a positive work environment.

While investing in a Payroll Management System incurs an initial cost, it often results in significant long-term cost savings. It reduces the administrative burden on HR personnel, freeing them to focus on more strategic tasks. Moreover, automation minimizes the need for dedicated payroll staff, reducing labor costs. It also helps in identifying cost-saving opportunities, such as spotting payroll anomalies or identifying areas for optimization.

End User Insights

The Healthcare segment is the fastest growing segment across India in terms of end user for India HRMS market, with a CAGR of 27.81% from 2024-2029. This surge can be attributed to several key factors, including cost-efficiency, enhanced data security, and scalability that HRMS solutions offer to organizations across India.

The healthcare sector in India has been experiencing significant growth, driven by rising healthcare demands and investments in infrastructure. Expanding healthcare facilities, hospitals, clinics, and pharmaceutical companies have necessitated the recruitment of a substantial workforce. HRMS solutions help manage this expansion efficiently by automating recruitment processes, onboarding, and talent management.

The healthcare industry is highly regulated, with strict compliance requirements, particularly concerning employee qualifications, certifications, and licensing. HRMS platforms with compliance features help healthcare organizations maintain comprehensive records and ensure that their workforce adheres to regulatory standards. This is critical for ensuring patient safety and avoiding legal consequences.

Attracting and retaining skilled medical professionals, including doctors, nurses, and support staff, is a key challenge in the healthcare sector. HRMS platforms provide robust talent management tools that help healthcare organizations identify top talent, optimize workforce allocation, and facilitate professional development. In a competitive labor market, these features are essential for healthcare organizations to secure and retain talent effectively.

The healthcare industry often has complex payroll requirements due to various roles, shifts, and additional benefits like medical allowances and overtime. Payroll management within HRMS simplifies these complexities, automating payroll calculations, tax deductions, and statutory compliance, thereby ensuring accuracy and timeliness in salary disbursement.


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Regional Insights

South India dominated the India HRMS market and accounted for a significant market share of 37.55% in 2023. The region's historical emphasis on education, technology, and a skilled workforce has made it a hub for HR innovation and adoption of modern HR management solutions.

South India, particularly Bengaluru (Bangalore), is widely recognized as India's Silicon Valley. The region is home to numerous technology parks, IT companies, startups, and research institutions. This tech-savvy environment fosters innovation and provides a fertile ground for the development of HRMS software. The presence of leading IT companies also contributes to the adoption of advanced HR technology solutions.

South India boasts a strong education infrastructure with a focus on technical and management education. Renowned universities and institutes in the region produce a steady stream of skilled IT professionals, including software developers, data scientists, and HR technology specialists. This abundant talent pool is instrumental in developing, implementing, and managing HRMS platforms.

South India hosts a significant number of national and multinational corporations across various industries, including IT, healthcare, manufacturing, and pharmaceuticals. These organizations have recognized the importance of efficient HR management and have been early adopters of HRMS solutions to streamline their HR processes, payroll management, talent acquisition, and compliance management.

South India's thriving startup ecosystem has contributed to HRMS innovation. Startups in the region have developed HRMS solutions tailored to the evolving needs of smaller enterprises, offering cost-effective and scalable solutions. This has led to a proliferation of HR technology options, providing businesses of all sizes with access to advanced HRMS tools.

Recent Developments

  • In April 2023, Pocket HRMS, India's best smHRt HRMS (HR Management Software), has announced the launch of their mission Bharat 2.0 to enable SMEs in India to digitalize their complete HRMS, Payroll system and related compliances with intuitive and easy-to-use HR software over WhatsApp messaging platform in regional Indian languages.
  • In March 2023, Pocket HRMS, an Indian smHRt HRMS (HR management software) has announced a strategic partnership with Bengaluru-based FinTech Fi Money to fuel its mission to digitalise the entire spectrum of Human Resource Management for Digital Bharat.

Key Market Players

  • Zimyo HR Software
  • Zoho Corporation Pvt. Ltd.
  • Greytip Software Private Limited (India)
  • Sumhr Software Private Limited
  • Darwinbox Digital Solutions Private Limited
  • Keka Technologies Private Limited
  • HROne
  • ADP India Private Limited
  • Ramco Systems Ltd.
  • HONO AI
  • Zinghr Techno India Private Limited
  • PeopleStrong HR Services Pvt. Ltd.
  • Allsec Technologies Limited

By Business Application

By End User

By Region

  • Attendance & Leave Management System
  • Payroll Management System
  • Performance Management System
  • Talent Management System
  • Recruitment Tracking System
  • Others
  • IT & ITeS
  • BFSI
  • Healthcare
  • Government
  • Manufacturing, Retail
  • Others
  • South India
  • North India
  • West India
  • East India

Report Scope:

In this report, the India HRMS Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India HRMS Market, By Business Application:

o   Attendance & Leave Management System

o   Payroll Management System

o   Performance Management System

o   Talent Management System

o   Recruitment Tracking System

o   Others

  • India HRMS Market, By End User:

o   IT & ITeS

o   BFSI

o   Healthcare

o   Government

o   Manufacturing, Retail

o   Others

  • India HRMS Market, By Region:

o   South India

o   North India

o   West India

o   East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India HRMS Market.

Available Customizations:

India HRMS Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.         Service Overview

1.1.     Market Definition

1.2.     Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

1.3.     Service Definition

2.         Research Methodology

2.1.     Objective of the Study

2.2.     Baseline Methodology

2.3.     Formulation of the Scope

2.4.     Assumptions and Limitations

2.5.     Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.     Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.     Methodology Followed for Calculation of Market Size & Market Shares

2.8.     Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Voice of Customer

4.1.     Brand Awareness (Top 3)

4.2.     Key Factors Influencing Brand Selection

4.3.     Type of Subscription Agreement Preferred

5.         Global HRMS Market Outlook

5.1.     Market Size & Forecast

5.1.1.By Value

5.2.     Market Share & Forecast, By Region

5.2.1.North America Market Share Analysis

5.2.2.Europe Market Share Analysis

5.2.3.Asia-Pacific Market Share Analysis

5.2.4.South America Market Share Analysis

5.2.5.Middle East & Africa Market Share Analysis

6.         India HRMS Market Outlook

6.1.     Assumptions & Rationale Considered for Market

6.2.     Market Size & Forecast

6.2.1.By Value

6.3.     Market Share & Forecast

6.3.1.By Business Application (Attendance & Leave Management System, Payroll Management System, Performance Management System, Talent Management System, Recruitment Tracking System, Others)

6.2.5. 

6.3.2.By End User (IT & ITeS, BFSI, Healthcare, Government, Manufacturing, Retail, Others)

6.3.3.By Region (South India, North India, West India, East India)

6.4.     By Company, Qualitative Insights

6.5.     Market Map (By Business Application, by End User, By Region)

6.6.     Market Dynamics

6.6.1.Drivers

6.6.2.Challenges

6.7.     Market Trends and Developments

6.8.     Company Profiles

6.8.1.Zimyo HR Software

6.8.1.1.  Business Overview

6.8.1.2.  Key Financials & Revenue

6.8.1.3.  Key Personnel/Contact Person

6.8.1.4.  Headquarters Address

6.8.1.5.  Key Product/Service Offerings

6.8.2.Zoho Corporation Pvt. Ltd.

6.8.2.1.  Business Overview

6.8.2.2.  Key Financials & Revenue

6.8.2.3.  Key Personnel/Contact Person

6.8.2.4.  Headquarters Address

6.8.2.5.  Key Product/Service Offerings

6.8.3.Greytip Software Private Limited (India)

6.8.3.1.  Business Overview

6.8.3.2.  Key Financials & Revenue

6.8.3.3.  Key Personnel/Contact Person

6.8.3.4.  Headquarters Address

6.8.3.5.  Key Product/Service Offerings

6.8.4.Sumhr Software Private Limited

6.8.4.1.  Business Overview

6.8.4.2.  Key Financials & Revenue

6.8.4.3.  Key Personnel/Contact Person

6.8.4.4.  Headquarters Address

6.8.4.5.  Key Product/Service Offerings

6.8.5.Darwinbox Digital Solutions Private Limited

6.8.5.1.  Business Overview

6.8.5.2.  Key Financials & Revenue

6.8.5.3.  Key Personnel/Contact Person

6.8.5.4.  Headquarters Address

6.8.5.5.  Key Product/Service Offerings

6.8.6.Keka Technologies Private Limited

6.8.6.1.  Business Overview

6.8.6.2.  Key Financials & Revenue

6.8.6.3.  Key Personnel/Contact Person

6.8.6.4.  Headquarters Address

6.8.6.5.  Key Product/Service Offerings

6.8.7.HROne

6.8.7.1.  Business Overview

6.8.7.2.  Key Personnel/Contact Person

6.8.7.3.  Headquarters Address

6.8.7.4.  Key Product/Service Offerings

7.         India Payroll Outsourcing Managed Services Market Outlook

7.1.     Market Size & Forecast

7.1.1.By Value

7.2.     Market Share & Forecast

7.2.1.By Type (Hybrid, Fully Outsourced)

7.2.2.By End User (IT & ITeS, BFSI, Healthcare, Government, Manufacturing, Retail, Others)

7.2.3.By Region (South India, North India, West India, East India)

7.3.     By Company, Qualitative Insights

7.4.     Market Dynamics

7.4.1.Drivers

7.4.2.Challenges

7.5.     Market Trends and Developments

7.6.     Company Profiles

7.6.1.ADP India Private Limited

7.6.1.1.  Business Overview

7.6.1.2.  Key Financials & Revenue

7.6.1.3.  Key Personnel/Contact Person

7.6.1.4.  Headquarters Address

7.6.1.5.  Key Product/Service Offerings

7.6.2.Ramco Systems Ltd.

7.6.2.1.  Business Overview

7.6.2.2.  Key Financials & Revenue

7.6.2.3.  Key Personnel/Contact Person

7.6.2.4.  Headquarters Address

7.6.2.5.  Key Product/Service Offerings

7.6.3.HONO AI

7.6.3.1.  Business Overview

7.6.3.2.  Key Personnel/Contact Person

7.6.3.3.  Headquarters Address

7.6.3.4.  Key Product/Service Offerings

7.6.4.Zinghr Techno India Private Limited

7.6.4.1.  Business Overview

7.6.4.2.  Key Personnel/Contact Person

7.6.4.3.  Headquarters Address

7.6.4.4.  Key Product/Service Offerings

7.6.5.PeopleStrong HR Services Pvt. Ltd.

7.6.5.1.  Business Overview

7.6.5.2.  Key Personnel/Contact Person

7.6.5.3.  Headquarters Address

7.6.5.4.  Key Product/Service Offerings

7.6.6.Allsec Technologies Limited

7.6.6.1.  Business Overview

7.6.6.2.  Key Personnel/Contact Person

7.6.6.3.  Headquarters Address

7.6.6.4.  Key Product/Service Offerings

8.         India Economic Profile

9.         Strategic Recommendations

10.      About Us & Disclaimer

Figures and Tables

Figure 1: Global HRMS Market Size, 2018-2028F

Figure 2: Global HRMS Market Share, By Region, 2018-2028F

Figure 3: India HRMS Market Size, 2019-2029F

Figure 4: India HRMS Market Share, By Business Application, 2019-2029F

Figure 5: India HRMS Market Share, By End User, 2019-2029F

Figure 6: India HRMS Market Share, By Region, 2019-2029F

Figure 7: India HRMS Market Map, By Business Application, Market Size (USD Million) & Growth Rate (%), 2023

Figure 8: India HRMS Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2023

Figure 9: India HRMS Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2023

Figure 10: India Payroll Outsourcing Managed Services Market Outlook, 2019-2029F

Figure 8: India Payroll Outsourcing Managed Services Market Share, By Type, 2019-2029F

Figure 12: India Payroll Outsourcing Managed Services Market Share, By End User, 2019-2029F

Figure 13: India Payroll Outsourcing Managed Services Market Share, By Region, 2019-2029F

Frequently asked questions

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The market size of the India HRMS Market was USD 344.45 Million in 2023.

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The payroll management system held 55.95% of the market share in 2023. The dominance of Payroll Management Systems in the India HRMS market can be attributed to several compelling reasons that include regulatory compliance, employee self-service, and workforce.

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South India dominated the India HRMS market and accounted for a significant market share of 37.55% in 2023. The region's historical emphasis on education, technology, and a skilled workforce has made it a hub for HR innovation and adoption of modern HR management solutions.

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Digital transformation and industry 4.0 adoption, talent management and workforce optimization, regulatory compliance and statutory reporting, mobile accessibility and remote work trends are the major drivers for the India HRMS Market.

profile

Sakshi Bajaal

Business Consultant
Press Release

India HRMS Market is expected to grow at a robust CAGR 26.16%

Sep, 2023

Digital transformation and industry 4.0 adoption, talent management and workforce optimization are factors driving the India HRMS Market during the forecast period 2023-2029.