The Infinium Global Research analyzes the Human Capital Management Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global human capital management market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of human capital management. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the human capital management market during the period.
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Expanding Need for Managing the Widespread Workforce Across the Globe Acts as a Major Driver for the Growth of the Human Capital Management Market
The expanding need for managing the widespread workforce across the globe acts as a major driver for the growth of the human capital management market. Moreover, HRM solution providers are focusing on developing software/solutions is likely to contribute to market growth. However, security concerns over cloud-based deployment is expected to hamper the growth of the market. Furthermore, the adoption of cloud-based solution among the small and medium-size Enterprises provides growth opportunities for the growth of the human capital management market.
Human Capital Management Market: Segmentation
The report on the global human capital management market is bifurcated into component, deployment type, enterprise size, and end-use industries. Based on the component, the markets is further bifurcated into software and services. Based on deployment type, the markets is further divided into the cloud and on-premises. Among them, the cloud-based HCM solutions segment is rapidly gaining traction in this market owing to its high scalability and high speed. Based on Enterprise Size, the markets is further classified into Small and Medium Enterprises (SME’s) and Large Enterprises. Based on End-use industries, the markets is further classified into banking, IT and Telecom, Insurance (BFSI), financial services, government, transportation and logistics, retail and other end-use industries.
North America Holds the Largest Share in the Global Human Capital Management Market
Among the region, North America holds the largest share in the global human capital management market. The factor such as presence of a huge number of HRM solution provider and high adoption rate of HCM solution drives the growth of the market in this region. On the other hand, expanding adoption of IT services is a major factor escalating the growth of the Asia Pacific region. As per the Asia-Pacific Economic Cooperation, Small and Medium Enterprises (SMEs) is accounted to more than 90 percent of all businesses in the Asia Pacific region. Furthermore, the developing economies such as China, India, and South Korea are anticipated to further drive the market growth in the coming years.
Human Capital Management Market: Competitive Analysis
The global human capital management market comprises with The Sage Group plc, Paycom Software, Inc., Ultimate Software, Paylocity Corporation, Kronos Incorporated, Oracle Corporation, Automatic Data Processing, Inc., Epicor Software Corporation, SAP SE, Infor, and Workday, Inc. Infor a leading provider of beautiful business applications specialized by industry and built for the cloud, acquired Accentia Middle East, which is an exclusive Infor partner serving in the Middle East, North Africa, and India. This acquisition will help Infor to expand its presence in these regions.
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 type and applications 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.