India Human Resource Management Market Size & Outlook

The human resource management market in India is expected to reach a projected revenue of US$ 2,472.3 million by 2030. A compound annual growth rate of 16.5% is expected of India human resource management market from 2024 to 2030.
Revenue, 2023 (US$M)
$847.9
Forecast, 2030 (US$M)
$2,472.3
CAGR, 2024 - 2030
16.5%
Report Coverage
India

India human resource management market highlights

  • The India human resource management market generated a revenue of USD 847.9 million in 2023 and is expected to reach USD 2,472.3 million by 2030.
  • The India market is expected to grow at a CAGR of 16.5% from 2024 to 2030.
  • In terms of segment, software was the largest revenue generating component in 2023.
  • Service is the most lucrative component segment registering the fastest growth during the forecast period.

Human resource management market data book summary

Market revenue in 2023USD 847.9 million
Market revenue in 2030USD 2,472.3 million
Growth rate16.5% (CAGR from 2023 to 2030)
Largest segmentSoftware
Fastest growing segmentService
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSoftware, Service
Key market players worldwideAccenture PLC Class A, Automatic Data Processing Inc, Cezanne HR, International Business Machines Corp, Mercer International Inc, Oracle Corp, SAP SE ADR, Workday Inc Class A, CEGID, Ceridian, PwC, UKG

Other key industry trends

  • In terms of revenue, India accounted for 3.5% of the global human resource management market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China human resource management market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,472.3 million by 2030.

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Human Resource Management Market Companies

Name Profile # Employees HQ Website

India human resource management market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to human resource management market will help companies and investors design strategic landscapes.


Software was the largest segment with a revenue share of 71.07% in 2023. Horizon Databook has segmented the India human resource management market based on software, service covering the revenue growth of each sub-segment from 2018 to 2030.


  • India Human Resource Management Component Outlook (Revenue, USD Million, 2018-2030)
    • Software
      • Core HR
      • Employee Collaboration & Engagement
      • Recruiting
      • Talent Management
      • Workforce Planning & Analytics
      • Others
    • Service
      • Integration & Deployment
      • Support & Maintenance
      • Training & Consulting
  • India Human Resource Management Deployment Outlook (Revenue, USD Million, 2018-2030)
    • Hosted
    • On-Premise
  • India Human Resource Management Enterprise-size Outlook (Revenue, USD Million, 2018-2030)
    • Large Enterprise
    • Small and Medium Enterprise
  • India Human Resource Management End Use Outlook (Revenue, USD Million, 2018-2030)
    • Academia
    • BFSI
    • Government
    • Healthcare
    • IT & Telecom
    • Manufacturing
    • Retail
    • Others

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  • Our clientele includes a mix of human resource management market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India human resource management market , including forecasts for subscribers. This country databook contains high-level insights into India human resource management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India human resource management market size, by component, 2018-2030 (US$M)

India Human Resource Management Market Outlook Share, 2023 & 2030 (US$M)

India human resource management market size, by component, 2018-2030 (US$M)

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