Human Capital Management Solution Market 2020: Expansion Strategies Set to Generate Substantial Revenue until 2025 with Leading key Players - Oracle, Workday, Ceridian HCM, Kronos, Infor, IBM
Global Human Capital Management Solution Market overview:
Detailed Study on Human Capital Management Solution Market is growing at a CAGR during Forecasts year 2024. This Report covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.
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In terms of new opportunities the Human Capital Management Solution Market by component covers software and services. The software component is estimated to hold a larger market size during the forecast period. Increasing adoption of software to manage entire lifecycle of employees coupled with growing need to comply with government regulations are some of the critical factors responsible for software segment to have a highest market share during the forecast period.
The global Human Capital Management Solution Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.
Based on Product Type, the market is divided into:
1 Talent Acquisition
2 Talent Management
3 HR Core Administration
On the basis of Application, the market is split into:
2 Financial Services
5 Professional/Technical Services
The Asia-Pacific region is projected to register a highest growth in the market between 2019 and 2023. The growing end-user industry is the key driver of the market in the region. Europe is projected to witness a slow growth during the forecast period due to stringent environment norms in the region. North America is the largest market for Human Capital Management Solution followed by Asia-Pacific. The increasing demand from the water treatment segment coupled with the rising demand from reviving Technology industry is driving the market for Human Capital Management Solution in North America.
Some of the Human Capital Management Solution Market manufacturers involved in the market are SAP SE, Automatic Data Processing, LLC, Ultimate Software Group, Inc, Linkedin (Microsoft), Oracle Corporation, Workday, Ceridian HCM, Inc, Kronos, Inc, Infor, IBM Corporation, Cornerstone OnDemand, Paycom Software, Inc, Intuit, SumTotal Systems, LLC (SkillSoft), Sage, Epicor Software, Accenture, Workforce Software, Zenefits, Ramco Systems, EPAY Systems, PeopleStrategy, Inc, Acquisitions and effective mergers are some of the strategies adopted by the Human Capital Management Solution Market manufacturers. New product launches and continuous technological innovations are the Human Capital Management Solution Market strategies adopted by the major players.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
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Latest Industry Updates:
Oracle Corporation: Human Capital Management (HCM) transforms the traditional administrative functions of human resources (HR) departments--recruiting, training, payroll, compensation, and performance management--into opportunities to drive engagement, productivity, and business value. HCM considers the workforce as more than just a cost of doing business; it is a core business asset whose value can be maximized through strategic investment and management--just like any other asset.
The term HCM can refer both to a business strategy and a set of modern IT applications and other technologies that are used to implement that strategy. Though sometimes used interchangeably, the terms related HR, HRMS, and HRIS do have subtle distinctions:
The explosive growth in ecommerce makes it an increasingly valuable, and even essential, tool that enables businesses to
HR: Refers to a set of traditional employee management functions that includes hiring, job and position management, global HR compliance, and reporting.
HCM: Encompasses the same processes, but also includes workforce rewards and talent and workforce management.
Talent management: Looks at the strategic management of talent throughout the talent lifecycle. It includes sourcing and recruiting candidates, goal and performance management, learning and career development, talent review, and succession management.
Workforce rewards: Refers to all HR functions that manage any monetary or nonmonetary rewards including compensation, benefits, or payroll.
Workforce management: Involves all HR functions that are related to positive and negative time management including time and labor and absence management.
HRMS: Refers to the set of applications and other technologies that support and automate HR processes throughout the employee lifecycle. While the terms HCM and HRMS are often used synonymously, HCM puts particular emphasis on the strategic approach to managing employees.
HRIS: Originally referred to keeping administrative employee records. It has been largely replaced by the term HRMS. In practice, HRMS and HRIS are virtually interchangeable terms.
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Table of Contents:
Global Human Capital Management Solution Market Report 2020
1 Human Capital Management Solution Definition
2 Global Human Capital Management Solution Market Major Player Share and Market Overview
3 Major Player Human Capital Management Solution Business Introduction
4 Global Human Capital Management Solution Market Segmentation (Region Level)
5 Global Human Capital Management Solution Market Segmentation (Product Type Level)
6 Global Human Capital Management Solution Market Segmentation (Industry Level)
7 Global Human Capital Management Solution Market Segmentation (Channel Level)
8 Human Capital Management Solution Market Forecast 2020-2024
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