Human Capital Management Market worth $22.51 billion by 2022

According to a research report "Human Capital Management Market by Software (Core HR, Workforce Management, Sourcing and Recruiting, Applicant Tracking System, Staffing Vendor Management), Services, Deployment Type, Organization Size, and Region - Global Forecast to 2022", published by MarketsandMarkets, The Human Capital Management market expected to reach USD 22.51 billion by 2022, at a CAGR of 9.2% during the forecast period. HCM is growing gradually and is being adopted by users to standardize processes for core HR activities, workforce management, and talent management. Managing the widespread workforce located at different geographies, need to enhance engagement of workforce, tracking of employee performance, and optimizing cost and time of HR functions are the major driving force for HCM market growth.

Browse 65 market data Tables and 71 Figures spread through 139 Pages and in-depth TOC on "Human Capital Management Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/human-capital-management-market-193746782.html

Core HR and workforce management are expected to be the largest contributor in the global HCM market during the forecast period

Core HR software are very basic requirement for any organization to administer its employee for functions such as payroll and compensation management, benefits and claims management, personnel management, learning management, pension management, compliance management, and succession planning. Furthermore, considering the rising workforce of organizations, it becomes critical for HR department to track and monitor the employees to efficiently manage the widespread workforce.

Among organization size, SMEs is expected to show significant growth rate in terms of adoption of HCM solutions and services

HCM solution and services are needed by both large enterprises and Small and Medium-sized Enterprises (SMEs) to enhance performance of their workforce. Among organization size, the SMEs segment is expected to grow at a higher CAGR during the forecast period. SMEs face some specific challenges, such as the requirement of domain-specific personnel and skilled workforce, budget constraints, and limited economies of scale. SMEs are investing in HCM to attract the best talent in the industry to engage their existing workforce in better manner, and to make informed decisions, which will help them to compete with large organizations.

The consumer goods and retail industry vertical is expected to show significant growth rate in terms of adoption of HCM-based solutions and services

The consumer goods and retail vertical is evolving and expected to grow rapidly, in terms of technological changes, customer needs, and employment. In order to gain more visibility and control over diversified and mixed workforce consisting of in-store employees, drivers, and field service providers, both internally and externally, consumer goods and retail sector has been focusing on adopting advanced solutions to efficiently manage their resources. Moreover, increasing competition in consumer goods and retail sector has encouraged these enterprises to efficiently manage their resources in order to increase profitability.

With growing technological advancements in the countries of North America, the region is expected to be the largest contributor of HCM solutions during the forecast period.

The North America region has been a predominately concerned market regarding the adoption of HCM solutions and services. The high adoption of digital technology across all major industries helps the human capital management market to grow in North America, particularly in the U.S. and Canada. Moreover, most of the vendors offering HCM solutions such as Workday, Oracle, Kronos, IBM and others have their headquarters in North America contributing majorly to the growth of HCM market. The market is in the emerging stage in the regions of Asia-Pacific (APAC), Latin America, and Middle East and Africa (MEA). Therefore, these regions exhibit immense scope for the adoption of HCM solutions. Additionally, the growing technological developments in the field of cloud, analytics, and the emergence of mobile technologies have led to the high adoption of HCM solutions in major industries such as Banking, Financial Services, and Insurance (BFSI), transportation and logistics, and healthcare.

The Human Capital Management market consists of major players such as Workday, Inc. (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Kronos, Inc. (U.S.), Automatic Data Processing, LLC (U.S.), Ultimate Software Group, Inc. (U.S.), IBM Corporation (U.S.), SumTotal Systems, LLC (U.S.), Employwise (India), Paycom Software, Inc. (U.S.), Ceridian HCM, Inc. (U.S.), and PeopleStrategy, Inc. (U.S.) in this market.

Don’t miss out on business opportunities in Human Capital Management Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
TC 3207
PR Published ON
6/30/2017
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Human Capital Management Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

...

Digital Virtual Assistant - MarketsandMarkets

Home