Human Capital Management Market Global Market- Overview
The human capital management deals with gathering, interpreting and stating the data which reports the future course of people management and investment, which helps to make strategic and operational decision at corporate level. The human capital signifies the employees’ contribution in the business enterprises through intellectual, skill competency and knowledge that increases the efficiency of the organization. The labour factor of the business enterprises is that the ability of understanding, altering and, modernizing and offering the productive thrust which if structurally encouraged and achieve the long term objectives of the business. With the rapid development of organizational infrastructure and rising employment opportunities in small and medium enterprises are expected to drive the Human Capital Management Market over the market.
Key Players
The prominent players in the Human Capital Management Market are – IBM (U.S.), SAP SE (Germany), Software AG (Germany), Workforce Software (U.S.), ADP LLC (U.S.), WORKDAY (U.S.), Oracle Corporation (U.S.), Kronos Inc. (U.S.), LinkedIn (U.S.), Ultimate Software (U.S.), Infor (U.S.), Zenefits (U.S.), Talentsoft (France), among others.
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Human Capital Management Market Global Market - Segmentation
- Segmentation by Software Solutions: Workforce Analytics, Competency management, Performance management, Time and expense management, E-learning, E-recruiting, E-boarding, Core HR, Talent Management and Payroll and Tax.
- Segmentation by Services: Transformation services, Implementation Services, Consulting services, Support & Maintenance and Others
- Segmentation by Deployment Type: Cloud and On-premise
- Segmentation by Organization Size: SMEs and Large Enterprise.
- Segmentation by End-user: Manufacturing, BFSI, IT/ITES, Healthcare, Transportation, Government and Others
- Segmentation by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Human Capital Management Market Global Market - Regional Analysis
North America is expected to dominate the global human capital management market with the largest market share in the region. This is attributed to technological advancement in the region which made them the early adopters of the technology. Additionally, The U.S and Canada are the leading in the region. Furthermore, Asia Pacific is anticipated to be the fastest growing region is over the forecast period due to increased investment by the local government to boost the domestic solution providers. China, India and japan are the leading countries in the region. At present, India is considered to be the fastest growing country in Asia Pacific region. This is due to increased investment by advanced economies in the country.
Industry News
February 2018, Workday, Inc. one of the leading in enterprise cloud applications for finance and human resources, providers declares a $250 million Workday Ventures fund. The company deals with strategic investment arm focused on recognizing, investing, and cooperating with start-ups associated with emerging technologies - such as artificial intelligence (AI) and machine learning, block-chain, and augmented and virtual reality - that can be implemented to business organization.
September 2016, PeopleFluent, a one of the leading cloud provider of social human capital management technology, declared that the company had come aligned with Benify to offer the recognition services to HR executives. The partnership will provide a sophisticated and powerful solution combination that facilitate greater communication and collaboration in the compensation lifecycle.
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Intended Audience
- Government Organizations
- Enterprise users
- Commercial users
- Industrial users
- Technology investors
- System Integrators
- Research/Consultancy firms
Table of Contents:
List Of Tables
Table 1 Human Capital Management Market, By Component
Table 2 Human Capital Management Market, By Organization Size
Table 3 Human Capital Management Market, By Deployment
Table 4 Human Capital Management Market, By End-User
Table 5 Human Capital Management Market, By Regions
Table 6 North America Human Capital Management Market, By Component
Table 7 North America Human Capital Management Market, By Organization Size
Table 8 North America Human Capital Management Market, By Deployment
Table 9 North America Human Capital Management Market, By End-User
Table 10 U.S. Human Capital Management Market, By Component
Table 11 U.S. Human Capital Management Market, By Organization Size
Table 12 U.S. Human Capital Management Market, By Deployment
Table 13 U.S. Human Capital Management Market, By End-User
Table 14 Canada Human Capital Management Market, By Component
Table 15 Canada Human Capital Management Market, By Organization Size
Table 16 Canada Human Capital Management Market, By Deployment
Table 17 Canada Human Capital Management Market, By End-User
Continued…
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The global Human Capital Management market size is expected to grow from USD 17.6 billion in 2020 to USD 24.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period.
Integration of emerging technologies, such as Artificial Intelligence (AI), and Machine Learning (ML), with HCM software has emerged as one of the strongest factors for HCM software and services adoption across regions.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193746782The HCM market comprises major software providers, such as Workday (US), Oracle (US), ADP (US), SAP (UK), Microsoft (US), IBM (US), Ultimate Software (US), Ceridian (US), SumTotal (US), Kronos (US),Infor (US), Talentsoft (France), EmployWise (India), PeopleStrategy (US),Cornerstone (US), Meta4 (US), Ramco Systems (India), Bamboo HR (US), Namely (US), Workforce Software (US), Zoho (India), Sage Group (UK), Epicor Software (US), Zenefits (US), Paylocity (US), Gusto (US), Bitrix (US), Benefitfocus (US), WebHR (US), Talentia Software (France), PeopleFluent (US), Vibe HCM (US), Rippling (US), Ascentis (US), and BizMerlinHR (US).
The study includes an in-depth competitive analysis of key players in the HCM market with their company profiles, recent developments, and key market strategies.The players in this market have embraced different strategies to expand their global presence and increase their market shares.
New product launches and enhancements; and partnerships, acquisitions, and collaborations, have been the most dominating strategies adopted by the major players from 2017 to 2020, which helped them strengthen their offerings and broaden their customer base.Oracle (US) has a strong foothold in the HCM market with its robust offerings.
The company adopted various organic growth strategies and continues to enhance its expertise in the market.
The introduction of analytics is to help organizations derive insight from workforce analytics.
