Human Capital Management Software Market in Germany to Expand at a CAGR of 5.47% to 2020 Due to Rise in IT Industry

ALBANY, NY, April 10, 2017 : HCM is the process of staffing employees that considers people as assets or human capital whose current value can be measured and future value can be enhanced through investments. HCM software solutions help manage a large and growing workforce in an effective way. It streamlines the traditional HR functions such as benefits administration, personnel tracking, and payroll. Additionally, it automates many administrative processes such as reporting and attendance monitoring to increase productivity. It also helps in strategic level processes such as recruitment, employee development, and employee management.

Technavios analysts forecast the human capital management (HCM) software market in Germany to grow at a CAGR of 5.47% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the human capital management (HCM) software market in Germany for 2016-2020. To calculate the market size, the report considers the revenue obtained from software licenses, maintenance costs, and professional services.

The market is divided into the following segments based on process:
Strategic segment
Administrative segment
Technavio's report, human capital management (HCM) software market in Germany 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ADP
Oracle
SAP
Workday
BambooHR
PeopleFluent
Ultimate Software
Zoho

Other prominent vendors
CakeHR
Ceridian
Cezanne HR
Epicor
FinancialForce
IBM Kenexa
Infor
Kronos
Namely
Sage
Haufe-umantis
WebHR

Market driver
Introduction of Employment & Labor Law 2016 in Germany
For a full, detailed list, view our report

Market challenge
Data security and privacy
For a full, detailed list, view our report

Market trend
Increasing popularity of advanced workforce analytics
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.