Human Capital Management (HCM) Market Analysis, Predictions and Trends for the Next 5 Years

The "Human Capital Management (HCM) Market" Report offers a thorough analysis of prominent competitors and their market shares, providing valuable insights into the competitive landscape. Alongside important metrics like sales, revenue, average selling price, and gross margin, the report explores significant growth prospects for industry leaders. Serving as an all-inclusive resource, this research provides a comprehensive overview of the market and its potential for expansion, making it an essential tool for investors and business professionals alike.

Request To Download Sample of This Strategic Report: -https://reportocean.us/sample-request/report_id/IND92

The global human capital management (HCM) market is projected to reach a value of USD 29.9 billion by 2023, with a compound annual growth rate (CAGR) of 8.7%. The market is driven by the increasing adoption of automation in employee administration, policies, and procedures in regional and global firms. The market is dominated by large players such as SAP, Oracle, Workday, Ramco, ADP, Microsoft, Ultimate Software, and Cornerstone, which are acquiring smaller vendors to provide end-to-end solutions to customers.

The HCM market is segmented based on component, software, deployment type, organization size, and vertical. The HCM software segment accounted for 66.5% of the overall market revenue in 2018, driven by the demand for cloud-based SaaS applications. The services segment, which includes maintenance, upgrade, agreement renewal, and consultation, is estimated to increase its market share by 7% from 2018 to 2023 due to rising demand for migration services, extension, and plug-in development.

Based on software, the HCM market is segmented into core HR, payroll & compensation management, performance management, learning, talent acquisition, workforce management, benefits administration, and others. Workforce management software dominated the global market, with a market size of USD 4.4 billion in 2018, driven by the need for automation in absence & leave management and time & attendance tracking. The learning software segment is expected to witness significant growth, expanding at a CAGR of 12.8% from 2018 to 2023, due to the growing demand for self-directed agile learning tools, next-generation learning management systems, and micro-learning platforms.

Download Sample of This Strategic Report: -https://reportocean.us/sample-request/report_id/IND92

Based on deployment type, cloud-based HCM solutions achieved the largest share of the global market, with a market size of USD 15.4 billion in 2018, driven by flexibility, cost-effectiveness, easy accessibility, and adaptability across platforms.

Based on organization size, the HCM market is categorized into large and SME. The SME segment with employees less than 2,500 accounted for a market share of 52.5% in 2018 and is expected to witness a promising trend, especially in emerging economies.

Manufacturing, energy & utilities, consumer goods & retail, healthcare, transportation, telecom & IT, and BFSI are the major industry verticals adopting HCM solutions. The HCM market is expected to witness spurring demand from government and manufacturing sectors, driven by the shift of workforce from baby boomers to millennials, which is projected to encourage the adoption of HCM solutions to automate talent acquisition and workforce management operations.

North America is the largest consumer of HCM solutions, accounting for 56.5% of the market share in 2018 and is predicted to continue to be the leading regional segment over the forecast period. The Asia-Pacific region is estimated to experience a significant gain in market share of 3.3% from 2018 to 2023, driven by the expanding footprint of global companies in emerging economies like China, India, and the ASEAN countries.

The report also covers market opportunity, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts, and market size, Y-O-Y growth, and market players analysis & opportunity outlook in North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.

The companies covered in the report include Oracle, ADP, SAP SE, Workday, Inc., Ultimate Software Group, Inc., Kronos Incorporated, Ceridian HCM, Inc., and IBM Corporation.

Download Sample of This Strategic Report: -https://reportocean.us/sample-request/report_id/IND92

Scope of the Report:

The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.

Here are the key highlights of the report:

• Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
• In-depth analysis of the competitive landscape, identifying key trends within the industry.
• Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER's five forces.
• Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
• Guidance provided for new market entrants, assisting them in navigating the industry landscape.
• Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.

Our sample report encompasses the following elements:

• Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
• Research Report of 100+ Pages: The report consists of more than 100 pages, incorporating the latest research findings and insights.
• Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
• Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
• List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
• Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
• Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.

Our most recent research report showcases the thriving expansion of the global Human Capital Management (HCM) Market and offers in-depth insights into the projected market size, share, and revenue until 2030.

Request Full Report -https://reportocean.us/sample-request/report_id/IND92

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom-line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel: +1 888 212 3539 (US - TOLL FREE)
Website: https://reportocean.us/

This release was published on openPR.