Human Capital Management Market : Future Demand, Market Analysis & Outlook To 2023

John Miller

Human Capital Management Market : Future Demand, Market Analysis & Outlook To 2023

The global human capital management (HCM) market is expected to be worth USD 29.9 billion by 2023, expanding at a CAGR of 8.7%. Automation in the administration of employees, policies, and procedures in regional as well as global firms is a crucial driver for the HCM market. A significant share of the market is dominated by large global players such as SAP, Oracle, Workday, Ramco, ADP, Microsoft, Ultimate Software, and Cornerstone. These companies are focusing on acquiring smaller vendors to provide end-to-end solutions in all categories to the customers.

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Segmentation based on component
HCM software accounted for 66.5% of the overall market revenue in 2018, mainly driven by the demand for cloud-based SaaS applications. Pricing flexibility has acted as the key driving force of growth in software and has led to the movement of on-premises or datacenter customers to SaaS-based HR software. Services segment includes various aftersales activities such as maintenance, upgradation, agreement renewal, and consultation. The market share of this segment is estimated to increase by 7% from 2018 to 2023 owing to rising demand for migration services, extension, and plug-in development.

Segmentation based on software
Based on software, the HCM market is segmented by core HR, payroll & compensation management, performance management, learning, talent acquisition, workforce management, benefits administration, and others. Workforce management software dominated the global market, with a market size of USD 4.4 billion in 2018. Augmented need for automation in absence & leave management and time & attendance tracking has bolstered the demand for workforce management software. The learning software segment is anticipated to witness a significant increase in market share, expanding at a CAGR of 12.8% from 2018 to 2023. Spurring demand for self-directed agile learning tools, next-generation learning management systems, and micro-learning platform have been key trends over the past few years.

Segmentation based on deployment type
Based on the deployment type, the cloud-based HCM solutions achieved the largest share of the global market, garnering a market size of USD 15.4 billion in 2018. Flexibility, cost-effectiveness, easy accessibility, and adaptability across platforms have motivated the demand for cloud-based HCM software more than the on-premises segment to maintain HR operations across offices located in different geographies.

Segmentation based on organization size
Based on organization size, the HCM market is categorized into large and SME. Large enterprises with more than 2,500 employees were the early consumers of HCM solutions; however, the SME segment with employees less than 2,500 has emerged rapidly and accounted for a market share of 52.5% in 2018. The market is anticipated to witness a promising trend in the SME segment, especially in emerging economies.

Segmentation based on vertical
Manufacturing, energy & utilities, consumer goods & retail, healthcare, transportation, telecom & IT, and BFSI are the major industry verticals adopting HCM solutions. The HCM market is expected to witness a spurring demand from government and manufacturing sectors. The shift of workforce from baby boomers to millennial is projected to encourage the adoption of HCM solutions to automate talent acquisition and workforce management operations. The demand from the manufacturing vertical is expected to reach USD 3.8 billion in 2023.

Regional insights
North America became the largest consumer of HCM solutions in 2018, accounting for 56.5% of the market share and is predicted to continue to be the leading regional segment over the forecast period. A group of software vendors, customers, developers, and system integrators has encouraged the high market share of the region. The Asia-Pacific region is estimated to experience a significant gain in market share of 3.3% from 2018 to 2023. The rise of corporate culture owing to the expanding footprint of global companies in emerging economies like China, India, and the ASEAN countries is expected to drive the market growth in the Asia Pacific.

Companies covered
• Oracle
• ADP
• SAP SE
• Workday, Inc.
• Ultimate Software Group, Inc.
• Kronos Incorporated
• Ceridian HCM, Inc.
• IBM Corporation

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Table of Contents

Chapter 1: Executive summary
1.1. Key Question Answered In the Study
1.2. Market Definition
1.3. Executive Summary

Chapter 2: Global HCM - assumptions and research methodology
2.1. Market taxonomy - segment definitions
2.2. Research methodology (list of primary and secondary sources)
2.3. Assumptions

Chapter 3: Global HCM market - insights
3.1. Global HCM market - market guideline

Chapter 4: Global HCM market - overview
4.1. Global market drivers
4.2. Global market trends
4.4. Global market opportunities
4.4. Global market challenges

Chapter 5: Global HCM market - based on component
5.1. Software market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), market key market observations
5.2. Services market overview - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), market key market observations

Continued…

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John Miller

Global Human Capital Management Market 2021 Analysis Report by Recent Developments and Emerging Technologies Till 2027

Firoza Akhhtar 2021-12-06

The Global Human Capital Management Market Report, with its deep industry analysis of the market, estimates the market size bifurcated into segments and regions. Get | Download FREE Sample Report of Global Human Capital Management Market @ https://www. Which application and type segment holds the maximum share in the Global Human Capital Management market? Which regional Human Capital Management market shows the highest growth CAGR between 2022 to 2027? Purchase the Complete Global Human Capital Management Market Research Report @ https://www.

Nurturing Talent: Human Capital Management Market Trends (2023-2029)

Aishwarya Bhasme 2023-11-22

Some of the leading companies in the Human Capital Management market are as follows:1. com/market-report/global-human-capital-management-market/7234/ Human Capital Management Market Regional Analysis:The country-focused examination of the Human Capital Management market report also covers specific market-affecting factors and legislative changes that have an impact on current and future marketing tactics. COVID-19 Impact Analysis on Human Capital Management Market:The COVID-19 pandemic caused a sharp and protracted fall in production efficiency, and travel restrictions and factory closures prevented individuals from visiting their places of business, which caused the Human Capital Management market to contract in 2020. Key Questions Answered in the Human Capital Management Market Report are: What are the drivers motivating overall Human Capital Management market advancement in the upcoming period? What revenue potential is estimated from the Human Capital Management market’s transactions in the years ahead?

Global Human Capital Management Market Size, Insights, Growth And Future Forecast To 2033

Sushmitha 2024-03-04

Learn More On The Human Capital Management Market:https://www. The integration of robotic process automation (RPA) is expected to propel the growth of the human capital management market going forward. RPA helps human capital management in the process of automating repetitive tasks such as compensation management, payroll management, onboarding of new people, and compliance reporting. Therefore, the integration of robotic process automation is driving the growth of the human capital management market. The human capital management market report table of contents includes:1.

Human Capital Management Market 2026: Overview, Analysis, Growth, Scope and Key Players

India 2022-05-11

According to the latest report by IMARC Group, titled “Human Capital Management Market Trend: Global Industry Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market to grow at a CAGR of around 11% during 2021-2026. Apart from this, shifting preferences towards online platforms for ordering essential items owing to the sudden outbreak of the COVID-19 pandemic are augmenting the HCM market. In the coming years, the rising focus on creating an agile workplace, which assists in analyzing thousands of suitable resumes and ensuring staff coordination, is expected to fuel the human capital management market across the globe. com/human-capital-management-market/requestsampleHuman Capital Management Market 2021-2026 Analysis and Segmentation:Competitive Landscape:The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. , Ceridian HCM Inc.

Human Capital Management Market Innovations, Technology Growth and Research -2026

marketsandmarkets 2023-09-19

The opportunities in adjacent markets, such as contingent workforce management and AI-based recruitment, open up new revenue prospects for vendors in the HCM market. Hence, the BFSI vertical is a major contributor to the HCM market growth. Human Capital Management Market Regional Analysis:The Asia Pacific HCM market is expected to grow at the highest CAGR from 2021 to 2026 due to the rising adoption of cloud and mobility trends. Regulatory compliance, diversity, talent shortages, remote work trends, and the need for cloud-based, data-driven solutions drive the ANZ HCM market. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

Human Capital Management Market Business Trends, Regional and Market Analysis, Top Players, Growth Factors by 2032

Gracey Cummins 2023-06-20

This industry report is specialized and comprehensive, with a focus on the examination of Human Capital Management Market trends. According to the research report published by Polaris Market Research, the global human capital management market was valued at USD 22. The opportunities, difficulties, and factors that influence the Human Capital Management Market growth are further described. Also, based on regional Human Capital Management Market forecasts and global sales and revenue forecasts, market prospects are provided. About Us:Polaris Market Research is a worldwide market research and consulting organization.

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Human Capital Management Market Industry Growth & Trends Analysis on Market Research Forecast to 2032

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Human Capital Management Market Key Industry Outlook 2023-2032

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The report aims to analyze the Human Capital Management Market historic and forecast market growth by geography. According to the research report published by Polaris Market Research, the global human capital management market was valued at USD 22. Get Sample Copy of Human Capital Management Market Report @ https://www. Browse Additional Details on "Human Capital Management Market" @ https://www. com/industry-analysis/human-capital-management-market About Polaris Market ResearchPolaris Market Research is a worldwide market research and consulting organization.

Human Capital Management Market Growth and Upcoming Trends Forecast to 2029

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Human Capital Management Market Supply and Manufacturers Analysis Research Report Till 2027

reserch nesture 2023-08-04

The global human capital management market is segmented by software, service, deployment, enterprise, end-user and region. The human capital management market is further segmented by enterprise into small, medium and large enterprise; by end-user, into academia, BFSI, government, healthcare, IT & Telecom, manufacturing, retail and others. The human capital management market is anticipated to record a CAGR of 9. com/reports/human-capital-management-market/1418Geographically, the global human capital management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. This report also provides the existing competitive scenario of some of the key players of the global human capital management market which includes company profiling of key companies such as Oracle, ADP, SAP SE, Workday Inc.

Human Capital Management Market – Opportunities, Challenges, Strategies & Forecasts 2025

Ashish Verma 2020-11-20

The global Human Capital Management (HCM) 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.

Human Capital Management Market Growth, Technological Development, Industry Forecast 2030

juan d moore 2022-12-30

“According to the research report published by Polaris Market Research, the global human capital management market was valued at USD 22. Ask Us for Available Discount on " Human Capital Management Market" @ https://www. Browse Additional Details on " Human Capital Management Market" @ https://www. com/industry-analysis/human-capital-management-market𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐈𝐧 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:What is the growth potential of the Human Capital Management Market industry? What might growth opportunities in the Human Capital Management Market arise in the industry over the assessment years?

Global Human Capital Management Market Industry Analysis and Forecast 2023-2029

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The Global Human Capital Management market was valued at $ 21. Software segment leads the Global Human Capital Management Market by 2029. Primary and secondary research approaches were used to collect and confirm the data for the Human Capital Management market analysis. Primary Research: Our Maximize Market Research professionals conducted primary research surveys in close collaboration with designated Human Capital Management companies. The most important advantage of human capital management is that it gives a technique for managing a company's human resources.

Human Capital Management Market Industry Outlook, Opportunities in Market And Expansion By 2031

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The Human Capital Management Global Market Report 2021-31 by The Business Research Company describes and explains the global human capital management market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The Human Capital Management Global Market Report 2022 covers human capital management market drivers, human capital management market trends, human capital management market segments, human capital management market growth rate, human capital management market major players, and human capital management market size. The global human capital management market size is expected to grow from $17. The global human capital management market size is expected to grow to $28. AppendixAbout The Business Research Company: The Business Research Company is a market intelligence firm that excels in company, market, and consumer research.

Human Capital Management Market 2017 Research Analysis and Potential of Market from 2017-2022

Akash Sangshetti 2019-03-27

Human Capital Management Market Global Market- OverviewThe 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 PlayersThe 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.Get Free Sample of Report @ https://www.marketresearchfuture.com/sample_request/2485Human Capital Management Market Global Market - SegmentationSegmentation 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 OthersSegmentation by Deployment Type: Cloud and On-premiseSegmentation by Organization Size: SMEs and Large Enterprise.Segmentation by End-user: Manufacturing, BFSI, IT/ITES, Healthcare, Transportation, Government and OthersSegmentation by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.Human Capital Management Market Global Market - Regional AnalysisNorth 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.

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.

Human Capital Management Market Drivers and Growth Rate, Forecast By 2025

my company 2022-01-20

The global Human Capital Management market size is expected to grow from USD 17. 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. The vertical has mainly adopted HCM software to have a centralized system to manage the information of all employees irrespective of store location. Moreover, a direct presence of many major HCM vendors in North America has further added to the high adoption of HCM software in North America. The major players in the human capital management market are 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).

Human Capital Management Market Strategy and Remarkable Growth Rate By 2026

Mnm 2023-05-08

The opportunities in adjacent markets, such as contingent workforce management and AI-based recruitment, open up new revenue prospects for vendors in the HCM market. The vertical has mainly adopted HCM software to have a centralized system to manage the information of all employees have efficient coordination with enhanced performance especially during pandemic outbreak. Hence, the BFSI vertical is a major contributor to the HCM market growth. Moreover, a direct presence of some HCM vendors in Asia Pacific has further added to the high adoption of HCM software in Asia Pacific. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space.

North America Human Capital Management Market 2025 Demand, Outlook | Regions, Size Estimation and Upcoming Trend

Rahul Sharma 2021-04-01

The North America Human Capital Management (HCM) Market size is anticipated to reach USD 10.2 billion until 2025.

It is projected to register growth with 10.5% CAGR from 2019 to 2025.

This growth can be associated with the rapid technological advances like IT (Information & Technology) and AI (Artificial Intelligence) coupled with the surging need for human capital management solutions.

Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/north-america-human-capital-management-hcm-market/request-sample Market Synopsis of North America Human Capital Management Market: In 2018, the integration and deployment segment was valued USD 646.9 million owing to the rising adoption of these solutions across several organizations.

The U.S. dominated the HCM market across North America on account of the rising adoption of such solutions by several organizations for facilitating the management of employee data.

Moreover, Canada is also anticipated to register significant growth in the upcoming years on account of the emerging IT & Telecom Industry.

Human Capital Management Market 2020 World Analysis and Forecast Till 2026

vinita sharma 2020-08-25

The Global Human Capital Management Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.

The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The report offers a value chain analysis that gives a comprehensive outlook of the human capital management market.

The attractiveness analysis of this market has also been included so as to evaluate the segments that are anticipated to be profitable during the forecast period.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Human Capital Management Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/8826-human-capital-management-market-reportThe report also covers the complete competitive landscape of the global Human Capital Management market with company profiles of key players such as:SAP SEOracle CorporationIBM CorporationEpicor Software CorporationInforCornerstone OndemandAutomatic Data Processing, Inc. (ADP)Netsuite, Inc.Ultimate SoftwareCeridianSEGMENTATIONS IN REPORT:Human Capital Management Market Analysis by Solution:Core HRTalent ManagementPayroll and TaxWorkforce Planning and AnalyticsRecruitingOthers (Benefits, Time and Attendance, and Employee Collaboration and Engagement)Human Capital Management Market Analysis by Service:ImplementationTraining and SupportConsultingHuman Capital Management Market Analysis by Deployment Type:CloudOn-PremisesHuman Capital Management Market Analysis by User Type:Small and Medium Enterprises (SMEs)Large EnterprisesHuman Capital Management Market Analysis by Industry Vertical:ManufacturingRetailPublic SectorHealthcareAutomotiveBFSIEducationEnergy and UtilitiesTransportation and LogisticsOthers (Hospitality, Media and Entertainment, and IT & Telecom)Human Capital Management Market Analysis by Geography:North AmericaEuropeAsia PacificLatin AmericaMiddle East And AfricaDownload Free Sample Report of Global Human Capital Management Market @ https://www.decisiondatabases.com/contact/download-sample-8826The Global Human Capital Management Market has been exhibited in detail in the following chapters –Chapter 1 Human Capital Management Market PrefaceChapter 2 Executive SummaryChapter 3 Human Capital Management Industry AnalysisChapter 4 Human Capital Management Market Value Chain AnalysisChapter 5 Human Capital Management Market Analysis By SolutionChapter 6 Human Capital Management Market Analysis By ServiceChapter 7 Human Capital Management Market Analysis By Deployment TypeChapter 8 Human Capital Management Market Analysis By User TypeChapter 9 Human Capital Management Market Analysis By Industry VerticalChapter 10 Human Capital Management Market Analysis By GeographyChapter 11 Competitive Landscape Of Human Capital Management CompaniesChapter 12 Company Profiles Of Human Capital Management IndustryPurchase the complete Global Human Capital Management Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-8826Other Reports by DecisionDatabases.com:Global Recruitment And Staffing Market Research Report – Industry Analysis, Size, Share, Growth, Trends And Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.

DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.

We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/

Human Capital Management Market Regional Analysis, Competitive Landscape and Forecast to 2027

Dhanashree Daware 2021-06-14

The global HCMS market can climb up to a stellar valuation of USD 24 billion with an overwhelming CAGR of 9% during the forecast period (2017-2023).

Among other drivers, automated recruitment processes have proven their worth as efficient recruiters.

The software can shortlist candidates, send interview invitations, confirm interview slots, which reduces the overall time, effort, and cost of the process.However, cloud computing has its own risk as it is vulnerable to cyber-attacks which can easily leak valuable information and make private documents public.

This threat can hinder the smooth ride HCMS is enjoying so far.Industry Trend:SAP SE is planning to launch a new on-premise HCM product that will work alongside SAP S/4HANA that will help companies in managing the record of an individual employee more efficiently.

On the other hand, Oracle NetSuite is now going to collaborate with ERA Consulting Group, Smartbridge, Softengine and Vibrant Inc. to assist the client in improving efficiency and providing insights that would help the company in growth.

Workday Advances are taking initiatives in the same line to enhance the performance of employees that would better the chance of career and performance development.Get a Free Sample @https://www.marketresearchfuture.com/sample_request/2485Segmentation:The global HCMS market can be segmented by software, services, deployment, organizations, application, and end-users.By software, the market can be segmented into core HR, workforce management, sourcing and recruiting, applicant tracking system, staffing vendor management, and others.Based on services, the market includes integration, support and maintenance, consulting and others.Deployment-wise the market can be segmented into on-premise & on-cloud.By organizations, the market comprises small & mid-size and large enterprises.