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Human Capital Management Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Human Capital Management Market
Human Capital Management Market Size, Growth Rate, And Forecast
The global human capital management market size will grow from $20.05 billion in 2022 to $22.24 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The human capital management market size is expected to grow to $31.67 billion in 2027 at a CAGR of 9.2%.
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Human Capital Management Market Drivers
Integration of robotic process automation (RPA) is expected to propel the growth of the human capital management market going forward. Robotic process automation refers to automation that uses software robots to automate various repetitive tasks. RPA has several advantages, including time efficiency, increased focus on personnel development, retention, and policy implementation. RPA helps human capital management in the process of automating repetitive tasks such as compensation management, payroll management, onboarding of new people, and compliance reporting.
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Human Capital Management Market Segments
• By Component: Software, Services
• By Deployment Model: On-Premises, Cloud
• By Organization Site: Small and Medium-sized Enterprises, Large Enterprises
• By Vertical: Banking, Financial Services, and Insurance, Government, Manufacturing, Telecom and IT, Consumer Goods and Retail, Healthcare and Life Sciences, Energy and Utilities, Transportation and Logistics, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the human capital management market.
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Human Capital Management Market Key Players
Major competitors in the human capital management market include Workday Inc., Oracle Corporation, Automatic Data Processing Inc., SAP SE, International Business Machines Corporation, Ultimate Software, Ceridian HCM, SumTotal Systems Inc., Kronos Incorporated, Infor, Cegid Group, Cornerstone OnDemand, Bamboo HR.
The Business Research Company's "Global Human Capital Management Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Human Capital Management Market Include:
1. Executive Summary
2. Human Capital Management Market Characteristics
3. Human Capital Management Market Trends And Strategies
4. Human Capital Management Market - Macro Economic Scenario
5. Human Capital Management Market Size And Growth
……
26. Africa Human Capital Management Market
27. Human Capital Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Human Capital Management Market
29. Human Capital Management Market Future Outlook and Potential Analysis
30. Appendix
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