Our latest research report entitled Human Capital Management Market (by component (software, services), deployment type (cloud, on-premises), enterprise size (small, and medium enterprises (SME’s), enterprise size end-use industries (banking, IT, telecom, financial services)) provides complete and deep insights into the market dynamics and growth of Human Capital Management.
The latest information on market risks, industry chain structure Human Capital Management cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Human Capital Management growth factors.
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Global Human Capital Management (HCM) Market is Anticipated to Grow at the Highest CAGR
Human capital management supports workforce planning, competency management, performance management, compensation planning, and strategy, time and expense management, education, and training, hiring, and recruitment, onboarding, contingent workforce management, and organization visualization. Human capital management is crucial for acquiring and retaining high-performing employees.
The global human capital management (HCM) market is anticipated to grow at the highest CAGR throughout the forecast period. The growth of this market is attributed owing to the expanding need for managing the widespread workforce across the globe. Moreover, technological development in Artificial Intelligence (AI), Machine Learning, Internet of Things (IoT) and big data analytics has led the adoption of the human capital management in major verticals such as financial services, banking, and insurance (BFSI), transportation and logistics, and healthcare.
Besides this, HRM solution providers are focusing on developing software/solutions that are likely to contribute to market growth. HCM software is an enterprise application solution that has been the need across all the enterprises as employees and employers access information regarding leaves, time and attendance, and performance status from their personal devices. However, security concerns over cloud-based deployment are expected to hamper the growth of the market. Furthermore, the adoption of cloud-based solutions among small and medium-sized enterprises provides growth opportunities for the growth of the human capital management market.
North Is Expected to Be A Major Contributor
Among the region, North is expected to be a major contributor to the global human capital management market. The presence of a huge number of HRM solution providers and a high adoption rate of HCM solution drives the growth of the market in this region. On the other hand, expanding the adoption of IT services is a major factor augmenting the growth of the Asia-Pacific region. As per the Asia-Pacific Economic Cooperation, Small and Medium Enterprises (SMEs) is accounted for more than 90 percent of all businesses in the Asia-Pacific region. Furthermore, developing countries such as China, India, and South Korea are anticipated to further drive the market growth in the coming years.
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Report on the Global Human Capital Management Market Covers Segments Such as Component, Deployment Type, Enterprise Size, and Enterprise Size End-Use Industries
On the basis of components, the sub-markets include software and services. On the basis of deployment type, the sub-markets include cloud and on-premises. On the basis of enterprise size, the sub-markets include small and medium enterprises (SME’s), and large enterprises. On the basis of enterprise size end-use industries, the sub-markets include banking, it and telecom, insurance (BFSI), financial services, transportation and logistics, transportation and logistics, and other end-use industries.
The report provides profiles of the companies in the market such as The Sage Group plc, Paycom Software, Inc., Ultimate Software, Paylocity Corporation, Kronos Incorporated, Oracle Corporation, Automatic Data Processing, Inc., Epicor Software Corporation, SAP SE, and Infor.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/industry-automation/global-human-capital-management-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Human Capital Management.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.