Human Capital Management Market Size - Industry Share Report 2022

Human Capital Management Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2022 Market Research Report to It’s a Database.

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The HCM market size is expected to grow from USD 14.50 billion in 2017 to USD 22.51 billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 9.2%. The HCM market is driven by factors, such as the increased adoption of mobile devices and the increasing demand for talent mobility in the organizations. Organizations are resistant to change the traditional approaches or adopt new solutions, which is expected to hinder the market growth during the forecast period.

The core HR segment is expected to hold the largest market share during the forecast period. The core HR software is a very basic requirement for any organization to administer its employee for functions, such as payroll and compensation management, benefits and claims management, personnel management, learning management, pension management, compliance management, and succession planning. The solutions helps HR personnel effectively manage their employees and maintain a transparent medium between the management and the employees. With the presence of a number of prominent software vendors in the core HR software space, the market is very competitive with many emerging players who offer niche and differentiated solutions,targeting a particular set of customers.

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The SMEs segment is expected to grow at the highest CAGR in the HCM market during the forecast period.The increased competitive market scenario has prompted the SMEs to invest in this business software and adopt the go-to-market strategies, to make efficient decisions for their business growth. More than larger enterprises, SMEs face a resource crunch and require better methods to solve the complexities for better cost optimization on their assets and requirements.

Key Points From Table Of Content:

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Innovation Spotlight
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Simplified Management of Geographically Spread Workforce
5.3.1.2 Growing Demand for Mobile HCM Applications
5.3.1.3 Increasing Demand for Talent Mobility
5.3.2 Restraints
5.3.2.1 Security Concerns Over Cloud-Based Deployment
5.3.3 Opportunities
5.3.3.1 Growing Shift Toward Cloud-Based Software Solutions
5.3.3.2 Evolving Potential Markets
5.3.4 Challenges
5.3.4.1 Organizations Resistant to Change Traditional Approach Or Adopt New Solutions
5.3.4.2 Prevalent Concerns About Deployment and Usage

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14 Company Profiles

(Overview, Financials, Products & Services, Strategy, and Developments)*
14.1 Workday, Inc.
14.2 Oracle Corporation
14.3 SAP SE
14.4 Kronos, Inc.
14.5 Automatic Data Processing, LLC
14.6 Ultimate Software Group, Inc.
14.7 International Business Machines Corporation
14.8 Sumtotal Systems, LLC (A Skillsoft Company)
14.9 Employwise, Inc.
14.10 Paycom Software, Inc.
14.11 Ceridian HCM, Inc.
14.12 Peoplestrategy, Inc.
14.13 Infor
14.14 Cornerstone Ondemand, Inc.

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