Human Capital Management (HCM) Market 2018 Global Leaders: Talentsoft, Kronos, SAP SE, Software AG, Workforce Software, ADP LLC, WORKDAY, Ultimate Software, Infor

Market Research Future published a research report on “Human Capital Management Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Scenario:

Human Capital Management is a set of practices related to people resource management which are focused on the organizational need to provide specific competencies. These practices are implemented in three main categories as workforce acquisition, Human Capital Management and workforce optimization. Human Capital Management is an approach to employee staffing that recognizes people as assets as human capital. In human capital management, the human capital’s current value can be measured and its future value can be enhanced through investment.

The study indicates that increasing demand for workforce optimization and increase in mobile applications are driving the Human Capital Management market. Human Capital Management Market is segmented on the basis of components, deployment type, organization size and end-user. On the basis of components Human Capital Management market is categorized as service and software solutions. The study indicates that due to the rising usage of e-recruiting solutions, many organizations have started adopting these solutions for onboarding, training, e-learning, candidate management, and selection management. Human Capital Management has many benefits as organizational management, better recruitment, personnel administration, advanced time management, and better payroll processing and others. These benefits are also responsible for the growth of Human Capital Management market. Apart from it the study indicates that in Human Capital Management security concerns related to software as a service-based human capital management solutions would result as a restraining factor for the market.

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The global Human Capital Management Market is expected to grow at USD ~22 Billion by 2022, at ~10% of CAGR between 2016 and 2022.

Industry News

February 2018, Workday, Inc. one of the leading in enterprise cloud applications for finance and human resources, providers declares a $250 million Workday Ventures fund. The company deals with strategic investment arm focused on recognizing, investing, and cooperating with start-ups associated with emerging technologies - such as artificial intelligence (AI) and machine learning, block-chain, and augmented and virtual reality - that can be implemented to business organization.

September 2016, PeopleFluent, a one of the leading cloud provider of social human capital management technology, declared that the company had come aligned with Benify to offer the recognition services to HR executives. The partnership will provide a sophisticated and powerful solution combination that facilitate greater communication and collaboration in the compensation lifecycle.

Key Players

The prominent players in the Human Capital Management 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.

Human Capital Management Market Global Market - Segmentation

Segmentation by Software Solutions: Workforce Analytics, Competency management, Performance management, Time and expense management, E-learning, E-recruiting, E-boarding, Core HR, Talent Management and Payroll and Tax.

• Segmentation by Services: Transformation services, Implementation Services, Consulting services, Support & Maintenance and Others
• Segmentation by Deployment Type: Cloud and On-premise
• Segmentation by Organization Size: SMEs and Large Enterprise.
• Segmentation by End-user: Manufacturing, BFSI, IT/ITES, Healthcare, Transportation, Government and Others
• Segmentation by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Human Capital Management Market Global Market - Regional Analysis

North America is expected to dominate the global human capital management market with the largest market share in the region. This is attributed to technological advancement in the region which made them the early adopters of the technology. Additionally, The U.S and Canada are the leading in the region. Furthermore, Asia Pacific is anticipated to be the fastest growing region is over the forecast period due to increased investment by the local government to boost the domestic solution providers. China, India and japan are the leading countries in the region. At present, India is considered to be the fastest growing country in Asia Pacific region. This is due to increased investment by advanced economies in the country.

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Intended Audience

• Government Organizations
• Enterprise users
• Commercial users
• Industrial users
• Technology investors
• System Integrators
• Research/Consultancy firms

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