There were 1,584 press releases posted in the last 24 hours and 413,479 in the last 365 days.

Global Human Capital Management Market by Software, Service, Deployment Type, Organization Size & Region - Forecast to 2024

Dublin, Dec. 12, 2019 (GLOBE NEWSWIRE) -- The "Human Capital Management Market by Software (Core HR, Applicant Tracking System, HR Analytics, Workforce Management), Service, Deployment Type (cloud and on-premises), Organization Size, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The HCM market is estimated to be USD 16.7 billion in 2019 and projected to reach USD 26.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period.

The HCM market comprises major solution providers, such as Workday (US), Oracle (US), ADP (US), SAP (UK), Microsoft (US), IBM (US), Ultimate Software (US), Ceridian (US), SumTotal (US), Kronos (US), Infor (US), Cornerstone (US), Meta4 (US), Ramco Systems (India), Bamboo HR (US), Namely (US), and Workforce Software (US). The study includes an in-depth competitive analysis of key players in the HCM market with their company profiles, recent developments, and key market strategies.

Increasing government regulations and growing need to monitor entire employee lifecycle are the major factors that will drive the adoption of HCM solutions across enterprises

The integration of emerging technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), with HCM solutions, is expected to be one of the strongest factors for HCM solution and services adoption across regions.

Cloud deployment type is expected to grow at a higher CAGR during the forecast period

Majority of HCM solutions are expected to be deployed in the cloud, and so cloud-based deployment will outperform the on-premises deployment and will have a higher CAGR during the forecast period. Enterprises are moving toward cloud-based deployment to minimize operational costs and achieve greater ease in sharing data with multiple parties.

BFSI industry vertical to hold the highest market share in 2019

The Banking, Financial Services, and Insurance (BFSI) vertical is one of the early adopters of HCM solutions to effectively manage the entire lifecycle of employees. The same trend is expected to be there in the coming years, and the vertical is expected to adopt HCM solutions to manage internal as well as external employees. BFSI enterprises deal with a diverse workforce from office employees, contingent workforce, third-party workforce, and others. As the vertical needs to manage these workforces and comply with government regulations, the vertical will have the highest adoption of HCM solutions and services.

APAC to grow at the highest CAGR during the forecast period

The Asia Pacific (APAC) region is expected to be the top adopter of HCM solutions where the vertical will have the highest growth rate during the forecast period. The APAC region has huge potential in terms of adoption due to the presence of countries such as India, China, and Japan, growing workforce, and huge number of small and medium enterprises. Small and medium enterprises are expected to have high adoption of HCM solutions in the next 5 years due to the rising demand by these enterprises to manage their workforce.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Human Capital Management Market
4.2 Market By Vertical and Region
4.3 Market By Deployment Type
4.4 Market By Component
4.5 Market By Organization Size
4.6 Market Potential

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 Integration of AI and ML in HCM Suites
5.3.1.2 Need for Reducing HR-Related Costs Fueling the Market Demand
5.3.2 Restraints
5.3.2.1 Security Concerns Over Cloud-Based Deployment
5.3.3 Opportunities
5.3.3.1 Rising Adoption of Cloud-Based Software Solutions
5.3.3.2 Advancements in Potential Markets
5.3.4 Challenges
5.3.4.1 Data Inconsistency Due to the Adoption of Multiple Advanced Technologies and HR Standards Among Businesses
5.3.4.2 Lack of Competent Resources
5.4 Industry Trends
5.4.1 Developed Unified System of Global HR Records With Improved Scalability and Real-Time Reporting Through Human Capital Management
5.4.2 Increased Resource Availability Through Elimination of Substantial Manual Tasks Using Human Capital Management Solution
5.4.3 Streamlined Global HR Operations, Enhanced Employee Experience, and Increased Organizational Agility and Speed With Human Capital Management Solutions

6 Human Capital Management Market By Component
6.1 Introduction
6.2 Software
6.3 Services

7 Market By Software
7.1 Introduction
7.2 Core HR
7.2.1 Benefits and Claims Management
7.2.2 Payroll and Compensation Management
7.2.3 Learning Management
7.2.4 Succession Planning
7.3 Applicant Tracking System
7.4 HR Analytics
7.5 Workforce Management
7.5.1 Absence Management
7.5.2 Performance Management
7.5.3 Workforce Scheduling
7.5.4 Time and Attendance Management
7.5.5 Workforce Analytics

8 Human Capital Management Market By Service
8.1 Introduction
8.2 Integration and Implementation
8.3 Support and Maintenance
8.4 Consulting

9 Market By Deployment Model
9.1 Introduction
9.2 On-Premises
9.3 Cloud

10 Market By Organization Size
10.1 Introduction
10.2 Large Enterprises
10.3 Small and Medium-Sized Enterprises

11 Market By Vertical
11.1 Introduction
11.2 Banking, Financial Services, and Insurance
11.3 Government
11.4 Manufacturing
11.5 Telecom and IT
11.6 Consumer Goods and Retail
11.7 Healthcare and Life Sciences
11.8 Energy and Utilities
11.9 Transportation and Logistics
11.10 Others

12 Human Capital Management Market By Region
12.1 Introduction
12.2 North America
12.2.1 United States
12.2.2 Canada
12.3 Europe
12.3.1 United Kingdom
12.3.2 Rest of Europe
12.4 Asia Pacific
12.4.1 China
12.4.2 Rest of Asia Pacific
12.5 Middle East and Africa
12.5.1 Kingdom of Saudi Arabia
12.5.2 Rest of Middle East and Africa
12.6 Latin America
12.6.1 Mexico
12.6.2 Rest of Latin America

13 Competitive Landscape
13.1 Competitive Leadership Mapping
13.1.1 Visionary Leaders
13.1.2 Dynamic Differentiators
13.1.3 Innovators
13.1.4 Emerging Companies

14 Company Profiles
14.1 Introduction
14.2 Workday
14.3 Oracle
14.4 ADP
14.5 SAP
14.6 Microsoft
14.7 IBM
14.8 Ultimate Software
14.9 Ceridian
14.10 SumTotal
14.11 Kronos
14.12 Talentsoft
14.13 Employwise
14.14 People strategy
14.15 Infor
14.16 Cornerstone OnDemand
14.17 Meta4
14.18 Ramco Systems
14.19 BambooHR
14.20 Namely
14.21 Workforce Software

For more information about this report visit https://www.researchandmarkets.com/r/p3let1

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900

Primary Logo