Data Bridge Market Research analyses that the human capital management (HCM) market was valued at USD 18.46 billion in 2021, and would reach an estimated value of 35.34 billion by 2029, and is likely to grow at a CAGR of 8.46% during the forecast period of 2022 to 2029.
The credible Global Human Capital Management (HCM) Market research report acts as a strong backbone for ICT industry with which it can outdo the competition. The market is supposed to witness growth during the forecast period due to growing demand at the end user level. Analysis of consumer needs by major regions, types, applications in Global market by considering the past, present and future state of the industry has been conducted. This report comprehensively studies consumption or sales of the market, focuses on the top players with respect to sales, price, revenue and market share (volume and value) for each region. All the market drivers and restraints in the report have been derived using SWOT analysis. An influential Global Human Capital Management (HCM) Market report acts as a great source of notable data, present market trends, future events, market environment, technological innovation, imminent technologies and the technical development in the related industry. It supports in adjusting the production depending on the conditions of demand in the market which evades the wastage of goods. Besides, this marketing research report assists in planning by providing accurate and state-of-the-art information about the consumer’s demands, their buying preferences, attitudes and their changing tastes about the specific product. With a systematic problem analysis, model building and fact-finding, Global Human Capital Management (HCM) Market research report assists businesses in decision-making and managing marketing of goods and services.
Global Human Capital Management (HCM) Market Scope and Market Size
The human capital management (HCM) market is segmented on the basis of service, software, deployment model, organisation size and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service
· Integration and Implementation
· Training and Education
· Support and Maintenance
· Consulting
Software
· Core HR
· Applicant Tracking System
· HR Analytics
· Workforce Management
Organization size
· Small
· Medium
· Large
Deployment Model
· Cloud
· On premise
End user
· IT and telecommunication
· Travel and Hospitality
· Transport and Logistics
· Energy and Utilities
· Education
· Manufacturing
· Government
· Banks and Financial Institution
· Others
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Some of the key questions answered in this report:
· How has the Global Human Capital Management (HCM) Market performed so far and how will it perform in the coming years?
· What has been the impact of COVID-19 on the Global Human Capital Management (HCM) Market?
· What are the key regional markets?
· What is the breakup of the market based on the procedure?
· What is the breakup of the market based on the injury location?
· What is the breakup of the market based on the end user?
· What are the various stages in the value chain of the industry?
· What are the key driving factors and challenges in the industry?
· What is the structure of the Global Human Capital Management (HCM) Market and who are the key players?
· What is the degree of competition in the industry?
Market Analysis and Insights: Global Human Capital Management (HCM) Market
· The term HCM can refer to both a business strategy and a collection of modern IT applications and other technologies used to put that strategy into action. Furthermore, it includes not only the hiring, job & position management, HR compliance, and reporting processes, but also workforce rewards & talent and workforce management. Furthermore, cloud-based HCM usage is growing due to benefits such as remote data access, unlimited storage capacity, lower costs and maintenance fees, and access via web and mobile from any location and at any time.
· Human capital management (HCM) software, an enterprise application solution, has become essential in all businesses because it automates the time-consuming clerical tasks associated with employee data, payroll, and benefits administration. However, the recent growth of the HCM software market is due to the enormous opportunities created by expanding SMEs across regions.
· Increasing demand for artificial intelligence and machine learning in various HCM suites, rising need to reduce HR-related costs, prevalence of advanced solutions in the form of data processing and management, rising usages of HCM for souring & recruiting, applicant tracking, time & attendance management, payroll & compensation, and others will likely accelerate the growth of the human capital management (HCM) market during the forecast period
· Security concerns, as well as a lack of qualified resources, are acting as market restraints for human capital management (HCM) during the forecasted period. Because of the adoption of multiple technologies, data inconsistency will become the most significant challenge to market growth.
Key Pointers Covered in Global Human Capital Management (HCM) Market Industry Trends and Forecast to 2029
· Market Size
· Market New Sales Volumes
· Market Replacement Sales Volumes
· Market By Brands
· Market Procedure Volumes
· Market Product Price Analysis
· Market Regulatory Framework and Changes
· Market Shares in Different Regions
· Recent Developments for Market Competitors
· Market Upcoming Applications
· Market Innovators Study
Global Travel Beauty Retail Market Country Level Analysis
The countries covered in the human capital management (HCM) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Global Human Capital Management (HCM) Market Share Analysis
The human capital management (HCM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to human capital management (HCM) market.
Key player Global Human Capital Management (HCM) Market
· Oracle Corporation (U.S.)
· SAP SE (Germany)
· IBM (U.S.)
· NetSuite Inc. (U.S.)
· Workday, Inc. (U.S.)
· Ultimate Software Group, Inc. (U.S.)
· ADP, LLC (U.S.)
· Cornerstone OnDemand (U.S.)
· Benefitfocus Inc. (U.S.)
· BambooHR (U.S)
· PeopleFluent (U.S)
· Ultimate Software Group, Inc. (U.S)
· Zoho Corporation (India)
· WebHR (U.S)
· CakeHR (U.K)
· Epicor Software Corporation (U.S)
· Infor (U.S)
· Kronos Incorporated (U.S)
· The Sage Group plc. (U.S)
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MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Global Human Capital Management (HCM) Market Share by Product & Procedure type
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