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Human Capital Management Market 2020: Strong Performance Predicted by 2023

03-05-2020 05:39 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Human Capital Management Market

Human Capital Management Market

The Objective of the "Global Human Capital Management Market" report is to depict the trends and upcoming for the Human Capital Management industry over the forecast years. Human Capital Management Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

Access Full Report Summary: https://www.alliedmarketresearch.com/human-capital-management-HCM-market

The global HCM market was valued at $13,004 million in 2016 and is projected to reach $22,174 million by 2023, growing at a CAGR of 7.8% from 2017 to 2023. The managed services segment is anticipated to witness the highest growth rate during the forecast period.

In 2016, the services segment accounted for the highest share in the market. Further, the managed services is anticipated to witness the highest growth rate from 2017 to 2023, owing to reduced time and cost linked with optimizing the system in the initial phase of deployment, post-production support and empowering organizations to transition smoothly.

North America was the highest revenue contributor in the global market in 2016, due to an increase in the need to automate HR processes such as talent management, performance management, and compensation management. In addition, an increase in the adoption of cloud-based solutions and low deployment cost & maintenance expense fuel the growth of the market. In addition, Asia-Pacific is anticipated to witness a significant growth rate during the forecast period, owing to the growth in need to streamline HR function, increase in adoption of HCM solution among SMEs, and other factors.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2482

The Key Players:

1. ADP LLC
2. Cornerstone OnDemand
3. Epicor Software Corporation
4. IBM Corporation
5. Infor
6. Kronos Inc.
7. Oracle Corporation
8. SAP SE
9. SumTotal Systems LLC
10. Ultimate Software Group Inc.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2482

These players have adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to expand the growth of the HCM market.

Contact:
David Correa
Portland, OR, United States
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Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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