Human Capital Management Market Share, Size, Growth, Industry Outlook and Forecast 2021-2026

According to the latest report by IMARC Group, titled "Human Capital Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global human capital management market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 11% during 2021-2026.

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

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Human Capital Management Market Industry Definition and Application:

Human capital management (HCM) assists organizations in recruiting, managing, developing, and optimizing the value of employees. It covers various administrative and strategic procedures and processes, including workforce planning, training, payroll, performance management, compliance, and retirement services. It also handles many of the functions and processes needed for effective workforce management and saving time and capital.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Human Capital Management Market Trends and Drivers:

The increasing demand for HCM solutions in small and medium-scale enterprises (SMEs) represents one of the major factors bolstering the market growth. It can also be attributed to the rising need for faster management procedures and monitoring the performance of employees, and automating the task in real-time to minimize manual efforts. Moreover, the growing adoption of remote working solutions is driving the market. Apart from this, key players are focusing on offering HCM solutions integrated with advanced technologies, such as the internet of things (IoT), machine learning (ML), artificial intelligence (AI), and cloud-based solutions.

Browse full report with TOC: https://www.imarcgroup.com/human-capital-management-market

Human Capital Management Market Segmentation:

The report has segmented the market on the basis on region, component, deployment type, industry verticals.

Breakup by Component:

Software
Core HR
Recruiting
Workforce Management
Compensation and Payroll
Others
Service
Managed Service
Professional

Breakup by Deployment Type:

Cloud-based
On-premises

Breakup by Industry Verticals:

BFSI
Retail
IT and Telecommunication
Healthcare
Hospitality
Government
Manufacturing
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Who are the Major Human Capital Management Market Key players?

Automatic Data Processing Inc., Ceridian HCM Inc., Infor Inc. (Koch Industries Inc.), International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, PeopleFluent Inc. (Learning Technologies Group plc), Ramco Systems Limited, SAP SE, SumTotal Systems LLC (Skillsoft Limited), UKG Inc. and Workday Inc.

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