Human Capital Management Market Outlook 2020: Top Factors that could Boost Markets in Future

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.

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.

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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.

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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.

The key players profiled in the study include,

• ADP LLC

• Cornerstone OnDemand

• Epicor Software Corporation

• IBM Corporation

• Infor

• Kronos Inc.

• Oracle Corporation

• SAP SE

• SumTotal Systems LLC

• Ultimate Software Group Inc.

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.

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Key questions answered in Human Capital Management Market research study:

• What is the market growth rate of the Human Capital Management Market from 2017-2023?

• What will be the global market size of the market from 2017 to 2023?

• Who are the leading global manufacturing companies in the Human Capital Management Market?

• What are the major current trends and predicted trends?

• What are the challenges faced in the Human Capital Management Market?

• Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?

• Which will be the anticipated growth rates for your own Data Masking economy altogether and also for every segment inside?

• Which will be the Data Masking application and types and forecast accompanied closely by producers?

• What are the conclusions of the Human Capital Management Market report?

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