Product Code: RP-ID-10078197 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: ICT & Telecom |
Report ID: 10078197
Market Overview:
Global Human Capital Management Solution Market Size study, by Component (Software, Services, Others), by Industry Verticals (BFSI, Retail, IT & Telecommunication, Healthcare, Hospitality, Government, Manufacturing, Others) and Regional Forecasts 2018-2025
Global Human Capital Management Solution Market to reach USD XX billion by 2025.
Global Human Capital Management Solution Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Human Capital Management Solution Market is continuously growing in the global scenario at significant pace. HCM provides solutions to streamline human resource functions, which includes the management of employee profile, time & attendance, payroll & compensation, benefits & perks, training & development, and workforce analytics. Surging demand for mobile HCM applications and escalating demand for talent mobility are the substantial drivers of the market during the forecast period. Moreover, rising shift towards cloud based software solutions and simplified management of worldwide spread workforce which are likely to creating numerous opportunity in the near future. Further, HCM offers various benefits such as higher transparency between management & employees decisions, it saves time from doing repetitive manual tasks and it tracks employees performance to craft better compensation strategies. By these benefits of HCM, the demand of HCM solution is boosting across the globe. However, security & privacy concern over cloud-based deployment and stringent government regulation are the factors which limiting the market growth of Human Capital Management Solution across the world.
The regional analysis of Global Human Capital Management Solution Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share due to increasing in need to automate HR processes and growing adoption of digital technology among various industry verticals in the region. Further, Europe is estimated to grow at higher rate in the global Human Capital Management Solution market over the upcoming years. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to rising adoption of cloud computing and mobility trends in the region.
The major market player included in this report are:
• ADP LLC
• IBM Corporation
• Infor
• Oracle Corporation
• SAP SE
• SumTotal Systems LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
 Software
 Services
 Others
By Industry Verticals:
 BFSI
 Retail
 IT & Telecommunication
 Healthcare
 Hospitality
 Government
 Manufacturing
 Others
By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Human Capital Management Solution Market in Market Study:
 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors
IBM Corporation
Infor
Oracle Corporation
SAP SE
SumTotal Systems LLC
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