Human Capital Management Software Market 2022 Competitive Insights and Precise Outlook - SAP AG, Oracle Corporation, Workday, Inc., Ultimate Software Group, Inc., ADP, LLC
The Human Capital Management Software market was valued at USD 16.7 billion in 2020 and is expected to reach USD 24.64 billion by 2026, at a CAGR of 6.7% over the forecast period 2021 - 2026.
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Top Leading Companies of Human Capital Management Software Market are SAP AG, Oracle Corporation, Workday, Inc., Ultimate Software Group, Inc., ADP, LLC., Ceridian HCM Holding Inc., Infor, Kronos Incorporated, Meta4 Global, Talentia Software, Ramco Systems, IBM Systems, Cornerstone OnDemand Inc., SumTotal Systems, LLC and others.
Industry News and Updates
June 2019 - WorkForce Software announced a significant equity investment from affiliates of Evergreen Coast Capital Corp. (Evergreen), the technology-focused private equity arm of Elliott Management Corporation. With the investment, Evergreen will become equal partners with Insight Partners, which has been the majority investor in WorkForce Software since 2014.
- February 2019 - SAP AG acquired a stake in Newgen Software Technologies Limited, which provides enterprise solutions in banking, financial services, insurance, telecom and government segments. It also handles Business Process Management and Enterprise Content Management.
Key Market Trends
Asia-Pacific to Witness the Highest Growth
- APAC is expected to grow at the fastest rate due to increasing workforce. According to International Labor Organisation, unemployment was low by international standards, at around 4.2 % in 2018, while number of employed persons in the region grew by some 23 million (or 1.2 %) between 2017 and 2019.
- Workers in China are shifting from agricultural and manufacturing sector to sevices due to ageing population.
- According to Asia-Pacific Economic Cooperation, Small and Medium Enterprises (SMEs) account for more than 90 percent of all businesses in the APEC region and employ between 60 and 80 percent of the workforce. Thus trend is expected to continue in future as the population rises.
Regional Outlook of Human Capital Management Software Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Human Capital Management Software Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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