Market Insight
The global human capital management market to double its present market valuation by 2022 by climbing at 22 billion at a CAGR of 10% between 2016 and 2022, the forecast period, asserts Market Research Future (MRFR) in a detailed report that includes drivers and segments of the market’s growth.
Human Capital Management Market is getting steam from mainly the information and communication sector. The sophisticated practices of human capital management add an extra highlight to the market and improve communication in an organization, thus give a proper perspective of the market and its growth in the coming years. The set of practices are generally related to people resource management which is focused on the organizational needs to offer specific competencies.
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Market Drivers & Trends
The factors such as mounting demand for workforce optimization and augment in mobile applications are posing as the prime drivers of the human capital management market. In the current yet rapidly changing environment, the escalating demand for integrated high-performance software is considered as the driving factor for the human capital management market. In recent times, a trend of digital transformation and internet of things (IoT) is observed which is also contributing as the driving force of Human Capital Management market, which will also drive the market to expand in the coming years.
On the other hand, the study indicates that human capital management offers several advantages such as organizational management, e-recruitment, personnel administration, time management, and payroll processing and many more. These advantages are also accountable for the adoption of human capital management by different organizations. These advantages are anticipated to take the market towards a rising notion in the assessment period at a rapid pace.
On the flip side, factors such as rising cybersecurity threats, the security concerns related to software solutions are posing a hindrance to human capital management during the forecast period.
Key Players
The prominent players in the HCM 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.
Market Segmentation
According to MRFR’s study, the human capital management market has been segmented based on components, deployment type, organization size and end-user.
Looking at the components segment, the market is categorized as service and software solutions. Due to the mounting practice of e-recruiting solutions, numerous organizations are ongoing with adopting these solutions for managing onboarding, training, e-learning, candidate management, and selection. The benefits of human capital management such as organizational management, better recruitment, personnel administration, advanced time management, and better payroll processing and others are solely responsible for the growth of the market.
Considering the deployment segment, the market displays a significant growth as it influences better access to HCM data, with quicker implementation and reduced total cost of ownership. It is the SMEs segment, which is expected to rise significantly in the market by the forecast period.
By Organization Size segment, the market includes SMEs and large enterprise.
In the end, the end-user segment includes manufacturing, BFSI, IT/ITES, healthcare, transportation, government and many more.
Detailed Regional Analysis
The regional analysis of human capital management market is studied for the region of Asia Pacific, North America, Europe, and Rest of the World.
Among these, the North America region is leading the human capital management market due to factors such as augmented internet penetration and technological advancements.
On the other side, cloud deployment is a driving factor for the Asia-Pacific region as it is contributing the market to expand significantly and would do the same by the forecast period. Apart from it, the intensifying adoption of IT services is also driving the human capital management market to earn more valuation in the coming years. Also, high cloud penetration, high internet penetration and mounting new-generation employees have resulted in significant growth of the Human Capital Management market in the European region.
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Table of Contents:
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Network Software Solutions
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
Continued…
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The increasing demand for integrated high performance software is driving the human capital management market.
The study indicated that by the rising cyber security threats, the security concerns related to software solutions segment HCM would result as the restraining factor for the Human Capital Management market.It has been observed that continuous developments are carried out to make more advancements to the Human Capital Management.
As per a recent news Asure Software, a leading provider of HCM and workplace management software has expanded partnership with SafeGuard World, a global employment outsourcing and payroll provider, to deliver highly advanced global payroll solution to new and existing clients to add more advancements to Human Capital Management.The HCM Market is growing rapidly over 10% of CAGR and is expected to reach at USD ~22 Billion by the end of forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Avail the in-depth table of content TOC & market synopsis on “The Human Capital Management Market Research Report -Forecast to 2022”.Get Free Sample of Report @ https://www.marketresearchfuture.com/sample_request/2485Key PlayersThe prominent players in the Human Capital Management Global 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.Market SegmentationThe global Human Capital Management Market has been segmented by component, deployment type, organization size, region, and end-user.
Based on component the market is segmented into software solutions and services.
The segment of services has been further segmented into transformation services, implementation services, consulting services, and support & maintenance.Based on deployment type, the market has been bifurcated into cloud and on-premise.
The Global Human Capital Management (HCM) Market research study takes a comprehensive approach towards studying the key trends influencing the growth of this sector.
The report comprises data that offers an in-depth insight into the business sector.
A detailed outline of the Human Capital Management (HCM) market size is offered in the report with respect to the valuation and volume along with the market dynamics and scenario.
The report evaluates the current market scenario along with the impact of the COVID-19 pandemic on the present and future scenarios.Request a sample of the Human Capital Management (HCM) Market report @ https://www.reportsanddata.com/sample-enquiry-form/3722The study offers valuable insights into the regional landscape of industry verticals, coupled with the established companies that have gained a substantial position in the industry.Summary of the Global Human Capital Management (HCM) Market:The report offers an in-depth analysis of the regional landscapeA comprehensive overview of the competitive landscapeA detailed outline of the market segmentationDetailed Analysis of the Regional Segmentation:The report analyses the regional market of this industry through extensive study.
The global Human Capital Management (HCM) market has established its base in the key regions of the world.
These key regions cover areas such asNorth AmericaSCanadaEuropeKGermanyFranceAsia PacificJapanChinaIndiaLatin AmericaMiddle East & Africa.Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3722Competitive Landscape:The Human Capital Management (HCM) market research report comprises of a comprehensive evaluation of the competitive landscape of the business sphere.
The human capital management software supports the organizations to take the appropriate decisions about employees by monitoring their performance throughout.The North America region is experiencing higher demand from various sectors such manufacturing, healthcare, telecom, energy, retail, logistics and transportation and others.
The prominent companies such as 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) are providing human capital management software solutions to improve signal processing functions.
Due to the changing market trends emerging opportunities, human capital management software market is estimated to grow rapidly with a huge demand in the market.Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1425The global human capital management software market is expected to reach USD ~ 24 billion at a CAGR of over 9% by the end of the forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Avail the in-depth table of content TOC market synopsis on “The Global Human Capital Management Software Market Research Report -Forecast to 2023”.Global Human Capital Management Software Market SegmentationThe global human capital management software market is segmented into software, services, organizations, deployment, application, end users, and region.
The organizations are segmented into small- mid size and large enterprises.
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Human Capital Management Hcm Suite Applications Market is foreseen to encounter a significant expansion over the figure time span.Key Businesses Segmentation:Human Capital Management (HCM) Suite Applications Market, By Type, Estimates and Forecast 2016-2027Cloud-BasedWeb-BasedHuman Capital Management (HCM) Suite Applications Market, By Application, Estimates and Forecast 2016-2027SME (Small and Medium Enterprises)Large EnterpriseHuman Capital Management (HCM) Suite Applications Market, By Key Players, Estimates and Forecast 2016-2027Skillsoft (SumTotal Systems)ZingHRCeridianADPOracleSAPFinancialForceGloboforceKronosGE API HealthcareHuman Capital Management (HCM) Suite Applications MarketRegional Overview:The report gives an overview of the Human Capital Management Hcm Suite Applications Market mainly in the regions of North America, Europe, Asia-Pacific, South America and the Middle East and Africa.SAVE UP TO 10% RIGHT NOW!!!
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