Human Capital Management (HCM) Software Market is valued at USD 14.78 Billion in 2018 and is expected to reach USD 28.99 Billion by 2025 with a CAGR of 10.1% over
Human Capital Management (HCM) Software Market to Hit USD $28.99 Billion by 2...
Human Capital Management (HCM) Software Market is valued at USD 14.78 Billion in 2018 and is expected to reach USD 28.99 Billion by 2025 with a CAGR of 10.1% over the forecast period.
Increasing industrialization with leading to a surge in manpower which requires human resource management using information technology, digital platforms & digitalization are some of the major factors driving the growth of the Global Human Capital Management (HCM) Software Market.
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The Global Human Capital Management (HCM) Software Market is segmented on the basis of product type, services, deployment, application, end-user, and region & country level.
Global Human Capital Management (HCM) Software Market Segmentation:-
By Product Type:
- Core HR
- Workforce Management
- Sourcing and Recruiting
- Applicant Tracking System
- Staffing Vendor Management
- Others
By Services:
- Integration, Support, and Maintenance
- Consulting
- Others
By Deployment:
- On Cloud
- On-Premise
By Applications:
- Analytics
- Training and Recruitment
- Payroll
- HR planning
- Others
By End-User:
- BFSI
- Manufacturing
- Healthcare
- Energy
- Retail
- Logistics and transportation
- Others
Scope of Global Human Capital Management (HCM) Software Market Report-
Human capital management (HCM) is a crucial part of any organization, government entities, and other small to large corporations. Due to growing industrialization, the numbers of people in the organization are increasing at a rapid pace. Hence, to handle such a huge number of employees the digitally-controlled software is being used that performs various functions of accessing human behavior, performance, and collect the day-to-day activities in the organization.
This software helps and supports human resources in the organization and helps to take the appropriate decisions. In addition to this, the human capital management software makes the task easy and more efficient so that to manage employee’s management, acquisition, mergers, and optimization of people in the organizations, to develop future leaders, transparent processes, and a digital HR experience in the organizations. Recently, cutting-edge technologies like artificial intelligence, machine learning technologies, blockchain, cloud-based software and many others are being used for the daily accessing of human behavior.
Key Players for Global Human Capital Management (HCM) Software Market Report-
Global human capital management (HCM) software market reports cover prominent players like SAP SE, IBM, Net Suite, Oracle Corporation, Workday, Inc., Ultimate Software Group, Ceridian, Paycom, Cornerstone OnDemand, Beeline, Azure, Benefit focus, Blackboard, Bullhorn, Businessolver, Campus Management, and others.
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Global Human Capital Management (HCM) Software Market Dynamics-
The key factor driving the growth of the global human capital management (HCM) software market is increasing industrialization which leads to a surge in manpower that requires human resource management using information technology, digital platforms & digitalization. According to International Labour Office (ALO) in 2018, the number of employed people was estimated at around 3.3 billion globally and around 360 million people in 2018 were contributing as family workers.
According to United Nations Conference on Trade and Development (UNCTAD), digital platforms companies are increasing rapidly in the world economy, the market capitalization of these companies was USD 7 trillion in 2017 which was USD 100 million more than 67% higher than in 2015. This massive rise in digital technology is also supplementing the growth of the global human capital management (HCM) software market.
The Regions Covered in Global Human Capital Management (HCM) Software Market
North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, global human capital management (HCM) software market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are the main factors responsible for a new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2025?
- Which region has more opportunities?
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