Human Capital Management (HCM) Market 2019 Global Leaders Overview: ADP LLC, Kronos, LinkedIn, Ultimate Software, Infor, Zenefits, Talentsoft, SAP SE

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.

Human Capital Management Market Overview

Human capital management (HCM) is a comprehensive set of practices for recruiting, managing, developing, and optimizing the human resources of an organization. Organizations have started seeing their employees as assets to invest into and manage, rather than costs to the organization. Such shift in perspective has led to a rising demand for human capital management systems across multiple verticals. Various functions carried out under human capital management include hiring, managing, training and retaining talented, and high performing employees.

Factors driving the Human Capital Management Market include a rising adoption of digitization within organizations, higher economies of scale, and easier tracking & management of human resources. In addition, easier integration of HCM with other ERPs and rising demand for workforce optimization are spurring growth in the global human capital management market. The latest report published by Market Research Future projected a 10% CAGR in the human capital management market during assessment period.

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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 Segmentation

The Human Capital Management market has been segmented on the basis of component, organization size, deployment and end-user. Looking through the component segment it’s been observed that the software solution segment would grow fastest. In the services segment consulting services is expected to grow fastest in the human capital management market. Whereas considering the software solution segment E-recruiting and workforce analytics segment is expected to grow significantly. The study reveals that BFSI sector would grow impressively in the human capital management market by the forecast period. However, considering the deployment segment, the cloud based human capital management shows a significant growth in the market as it influences better access to HCM data, with faster implementation and reduced total cost of ownership. The study reveals that the SMEs segment is expected to grow significantly in the Human Capital Management market by the forecast period.

Market Research Analysis:

Regional analysis for Human Capital Management market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Human Capital Management market. The study indicates that North America region has high cloud penetration, high internet penetration and increasing new-generation employees, this has resulted in the growth of Human Capital Management market in European region.

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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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This release was published on openPR.