"An influential Human Capital Management (HCM) Market analysis report not only provides market segmentation in the most-detailed pattern but also conducts thorough analysis of patents and major market players to provide a competitive landscape. This market research report offers CAGR value fluctuation during the forecast period of 2023-2030 for the market. The scope of Human Capital Management (HCM) Market report include but is not limited to latest trends, market segmentation, new market entry, industry forecasting, "An influential Human Capital Management (HCM) Market analysis report not only provides market segmentation in the most-detailed pattern but also conducts thorough analysis of patents and major market players to provide a competitive landscape. This market research report offers CAGR value fluctuation during the forecast period of 2023-2030 for the market. The scope of Human Capital Management (HCM) Market report include but is not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation. By keeping into focus customer requirements, the industry analysis report is prepared by chewing over plentiful of market parameters.
An excellent Human Capital Management (HCM) Market document contains market data that can be relatively essential when it comes to dominate the Human Capital Management (HCM) Market industry or make a mark in the market as a new emergent. By attaining an actionable market insight via this market research report, sustainable and profitable business strategies can be built. The report also provides the knowledge of all the drivers and restraints which are derived through SWOT analysis. Competitive analysis covered in this market report helps to get ideas about the strategies of key players in the market. The wide ranging Human Capital Management (HCM) Market report contains the list of leading competitors, strategic industry analysis and the insights of key factors influencing the Human Capital Management (HCM) Market industry.
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.
Explore Further Details about This Research Human Capital Management (HCM) Market Report https://www.databridgemarketresearch.com/reports/global-human-capital-management-hcm-market
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Service (Integration and Implementation, Training and Education, Support and Maintenance, Consulting), Software (Core HR, Applicant Tracking System, HR Analytics, Workforce Management), Deployment Model (Cloud, On-Premises), Organisation Size (Small and Medium-Sized Enterprises, Large Enterprises), Vertical (Banking, Financial Services, and Insurance,Government,Manufacturing,Telecom and IT,Consumer Goods and Retail,Healthcare and Life Sciences,Energy and Utilities,Transportation and Logistics,Others) |
Countries Covered | 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. |
Market Players Covered | 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) |
Market Opportunities |
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Market Definition
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) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Increasing adoption of artificial intelligence
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
- Prevalence of cloud based software solution and adoption of digital technologies
The prevalence of cloud-based software solutions, as well as the adoption of digital HR technology, will provide various opportunities for the growth of the human capital management (HCM) market during the forecast period.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Human Capital Management (HCM) Market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Human Capital Management (HCM) Market.
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Human Capital Management (HCM) Market research report.
- Interaction with research scientists and development heads to understand the nature of the Human Capital Management (HCM) Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Human Capital Management (HCM) Market size
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