Human Capital Management Market (HCM) market size is anticipated to grow from USD 23.97 Billion in 2022 to USD 42.75 Billion by 2030, at a CAGR of 7.5%.
HCM can refer to a company strategy as well as a collection of current IT applications and other technologies that are utilised to put that strategy into action. Furthermore, it comprises not only the hiring, job & position management, HR compliance, and reporting activities, but also workforce rewards & talent, as well as workforce management. Furthermore, cloud-based HCM is becoming increasingly popular as a result of 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. As a result, the demand for HCM is rapidly increasing.
Human capital management is a collection of human resource management practises. These practises are divided into three categories: acquisition, management, and optimization, and are focused on the needs of businesses to deliver certain skills. Human capital management is also an all-encompassing set of solutions that aids businesses in implementing entire recruitment-to-retirement HR processes that support their long-term business goals. Customers can control their existing IT investments with HCM's scalable, flexible, and easy-to-integrate solutions. It assists consumers in lowering their total cost of ownership. Furthermore, HCM helps businesses to make the most of their existing technology investments by allowing them to choose how and when they want to enhance their human capital management capabilities. Multiple languages, currencies, banks, tax definitions, perks, and other features are included in the solution set.
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Human capital management (HCM) software is supposed to make it simple to access human resource data. Cloud-based HCM solutions can be particularly useful in centralising human resources data when an organization's human resources data is dispersed across multiple branches. HCM solutions that are deployed in the cloud can help firms save time and money by lowering installation and maintenance costs. This is expected to offer up new opportunities for cloud-based HCM solution vendors in North America. The rising use of predictive analytics by businesses in talent management to improve decision-making and build their capital by retaining human assets is predicted to fuel the growth of the human capital management market in North America.
Global Human Capital Management Market: Segmentations
By Key Players
- Oracle
- ADP
- SAP
- IBM
- Cerdian
- SumTotal
- Kronos
- Cegid
- Employwise
- Cornerstone on Demand
- Infor
- Netsuite Inc.
- Namely
- Zoho
- Sage Group
- WebHR
- Ultimate Software
- Vibe HCM
- Akrivia
Based On Component:
• Software
• Core HR
• Applicant Tracking System
• HR analytics
• Workforce Management
• Services
• Integration and Implementation
• Training and Education
• Support and Maintenance
• Consulting
Based On Deployment Model:
• On-premises
• On-cloud
Based On Organization Size:
• Small Enterprises and Medium Size Enterprises
• Large Enterprises
Based On Vertical:
• BFSI
• Retail and E-Commerce
• Government
• Transportation and Logistics
• Education
• Hospitality
• Media and Entertainment
• Energy and Utilities
• Telecom an IT
• Manufacturing
Based On Region:
• North America
US
Canada
• Europe
Germany
UK
Italy
France
• APAC
China
India
Japan
• MEA
UAE
Kuwait
South Africa
• Latin America
Mexico
Brazil
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Table Of Contents (TOC)
1. Global Human Capital Management Market Introduction and Market Overview
2. Global Human Capital Management Market - Executive Summary
3. Human Capital Management Market Trends, Outlook, and Factors Analysis
4. Global Human Capital Management Market: Estimates & Historic Trend Analysis (2018 to 2021)
5. Global Human Capital Management Market Estimates & Forecast Trend Analysis, by Deployment
6. Global Human Capital Management Market Estimates & Forecast Trend Analysis, by Component
7. Global Human Capital Management Market Estimates & Forecast Trend Analysis, by Content Type
8. Global Human Capital Management Market Estimates & Forecast Trend Analysis, by End Use
9. Global Human Capital Management Market Analysis and Forecast, by Region
10. North America Human Capital Management Market: Estimates & Forecast Trend Analysis\
11. Europe Human Capital Management Market: Estimates & Forecast Trend Analysis
12. Asia Pacific Human Capital Management Market: Estimates & Forecast Trend Analysis
13. Middle East & Africa Human Capital Management Market: Estimates & Forecast Trend Analysis
14. Latin America Human Capital Management Market: Estimates & Forecast Trend Analysis
15. Competitive Landscape
16. Company Profiles
17. Assumptions and Research Methodology
18. Conclusions and Recommendations
Key Questions Answered in This Report:
- How has the global Human Capital Management market performed so far and how will it perform in the coming years?
- What is the impact of COVID-19 on global Human Capital Management market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the design?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global Human Capital Management market and who are the key players?
- What is the degree of competition in the market?
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