Human Capital Management Software Market report contains type, application, regions, revenue, and offers just as the thorough computation of the business chain structure, opportunities, industry news analysis.
Global Human Capital Management Software Market report precisely offers the necessary information, as well as advanced analysis, to assist in developing the best business strategy and determining the best path for maximum growth for the market’s participants. The research report of Human Capital Management Software Marketprovides a top-to-bottom analysis of crucial aspects like growth drivers, major challenges, and opportunities that will impact the industry trends over the forecast timeline. It thoroughly explores the geographical landscape of the market, emphasizing pivotal factors like sales accrued, revenue garnered, growth rate, and prospects of the regional markets. Apart from this, the industry is also studied from the perspective of product terrain and application spectrum. In-depth information on revenue and sales volume predictions of each product type are presented.The report focuses on the Human Capital Management Software Market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends.
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Human Capital Management Software Market is segmented on the basis of product, and type. All of these segments have been studied individually. The detailed investigation allows assessment of the factors influencing the Human Capital Management Software Market. Analysts have analyzed the nature of development, investments in research and development, changing consumption patterns, and a growing number of applications. In addition, analysts have also evaluated the changing economics around the Human Capital Management Software Market that are likely to affect its course.
The regional analysis section of the Human Capital Management Software Market share report allows players to concentrate on high-growth regions and countries that could help them to expand their presence in the Human Capital Management Software market. Apart from extending their footprint in the Human Capital Management Software market, the regional analysis helps players to increase their sales while having a better understanding of customer behavior in specific regions and countries. The report provides CAGR, revenue, production, consumption, and other important statistics and figures related to the global as well as regional markets. It shows how different types, applications, and regional segments are progressing in the Human Capital Management Software market in terms of growth.
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The Human Capital Management Software Market is expected to register a CAGR of over 6.4% during the forecast period (2018 – 2023).
The human capital management (HCM) software, an enterprise application solution has been the need across all the enterprises as they automate the cumbersome clerical tasks related to employee data, payroll, and benefits administration. However, the growth of the HCM software market in the recent time is due to the huge opportunities arising from the growing SMEs across regions and the need to manage the increasing workforce in the enterprises. Enterprises’ global expansion focus also facilitates the need for effective workforce management and therefore, the HCM software. The employee mobile-centric internet usage patterns are persuading the enterprises to deploy mobile application for extending the employee management functions to enhance the culture i.e., people management, thus providing growth prospects to the HCM vendors. As several companies have the same HR software for over seven years, which needs to be updated in order to stay on par with the market, such factors are expected to influence the growth of human capital management software market.
The HCM software market has witnessed consolidation (since 2011) and is dominated by software giants, like Oracle, SAP, Workday, ADP, and also consists of Enterprise Resource Planning (ERP) providers like Netsoft, IBM, Epicor etc. However, new players are sustaining in the market, like Namely Inc., Greenhouse Software Inc., BambooHR, etc., that are specializing in specific services over cloud, like Application tracking, Employee Onbording.
Growing Demand for Mobile HCM Apps
Internet usage shift from browser to mobile phone is influencing the HCM vendors to develop mobile applications on their web-based systems. It is estimated that approximately more than 40% of candidates apply for jobs through mobile phones, and more than 60% of all online video is now consumed on mobile device. Also according to Aruba Networks’s survey, a networking company, 64% of employees believe usage of mobile devices made them more productive. In addition to these statistics, the features, like embedded video, gamification, and analytics features that mobile apps offer contributing to enhanced employee onboarding and employee engagement also persuade the enterprisers to use mobile-based HCM. Oracle, SAP, Workday, ADP, Ceridian, Infor, Ultimate Software, Cornerstone, and other big players in the HCM market developed mobile apps with complete HR solutions in the light of this trend. This shift towards mobile-based HCM services thus, contribute to the growth of the market.
Growing adoption of Cloud-based Solutions
The feature-richness, ease of use, and data capacity characteristics of the cloud-based applications are driving the cloud adoption across all enterprise application solutions of which CRM and HCM were the first to be taken to the cloud. The cloud-based HCM solutions are enabling enterprises to make effective employee engagement tools leveraging the social media integration, and other APIs for learning, coaching and recruiting tools that disrupt the market. In 2018, Oracle in their cloud predictions forecasted that by 2020, 50% of production workloads in regulated industries will migrate to the cloud. Anticipating the growth in the cloud adoption across enterprises, the HCM vendors are also offering cloud-based solutions while continuing their on-premise offerings, but with lesser focus on innovation compared to the cloud-based solutions. Therefore, the push from the vendors and the expected growth in the cloud migration contributes to the growth in the cloud-based segment of HCM software during the forecast period.
Asia-Pacific expected to witness the Highest Growth
Asia-Pacific is expected to have the highest growth rate considering the increasing labor force, and SME growth in the region during the forecast period. The high cloud adoption and mobile-centric internet usage in developed regions are also influencing the growth of the market.
Key Developments in the Human Capital Management Software Market
Jun 2018: ADP collaborated with Microsoft to bring together ADP’s HCM platform, Workforce Now, and Microsoft Dynamics 365 Business Central. The collaboration was aimed at integration of business solutions. Through this collaboration, the companies are enabling their mutual clients to access an overall view of their business and human resources data by connecting their multiple, cloud-based systems to make use of employee data and business performance tools to gain powerful insights.
Major Players: ORACLE CORPORATION, SAP AG, WORKDAY, INC., ULTIMATE SOFTWARE GROUP, INC., ADP, LLC., CERIDIAN DAYFORCE (CERIDIAN HCM, INC.- PARENT COMPANY), IBM CORPORATION, META4 and TALENTIA SOFTWARE, among others.
Reasons to Purchase The Report
Current and future human capital management software market outlook in the developed and emerging markets
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
The segment that is expected to dominate the market
Regions that are expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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Regional Market Analysis:
The Human Capital Management Software Market report includes Global and Regional market status and outlook 2022-2027. Further, the report provides break down details about each region and countries covered in the report. Identifying its sales, sales volume and revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East and Africa
Global Human Capital Management Software Market 2022-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Points to be Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Human Capital Management Software Market for 2022-2027. To calculate the market size, the report considers new installations or sales and subscription payments of Human Capital Management Software.
The scope of the Report: This report centers around Human Capital Management Software in the worldwide market, particularly in Top countries. This report segments the market on the basis of manufacturers, types, and applications.
Human Capital Management Software Market Trends
- Growing research activities coupled with new product launches.
Human Capital Management Software Market Drivers
- High Opportunity in the Industry
Human Capital Management Software Market Challenges
- Complications associated with Human Capital Management Software procedures.
Points Covered in The Report:
- The points that are discussed within the report are the major Human Capital Management Software market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
- The growth factors of the Human Capital Management Software market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by manufacturer, by region, by type, by application and etc., and custom research can be added according to specific requirements.
- The report contains the SWOT analysis of the Human Capital Management Software Financing Services market. Finally, the report contains the conclusion
Key Questions the Report Answers:
- What are the major factors affecting the Human Capital Management Software industry in 2022 and beyond?
- Will the Human Capital Management Software sector change its approach to air freight and adopt that seen in the sector?
- How will key trends impact various Human Capital Management Software logistics segments?
- How has Covid-19 impacted Human Capital Management Software market logistics market size? And how has each region been impacted during the course of 2020?
- What impact will a shift to a Circular Economy have on global trade?
- What strategies and technologies are the top Human Capital Management Software manufacturers adopting in response to the challenges faced within the industry?
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Some Major Points from Toc :-
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Market Segmentation and Analysis (Market Size, Growth and Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.1 Australia
6.1.2 Bolivia
6.1.3 Brazil
6.1.4 Democratic Republic of Congo
6.1.5 Indonesia
6.1.6 Malaysia
6.1.7 Myanmar
6.1.8 Peru
6.1.9 Russia
6.1.10 Thailand
6.1.11 Vietnam
6.1.12 Others
6.2 Consumption Analysis (Market Size, Growth and Forecast)
6.2.1 Asia-Pacific
6.2.1.1 India
6.2.1.2 China
6.2.1.3 Japan
6.2.1.4 South Korea
6.2.1.5 Rest of Asia-Pacific
6.2.2 North America
6.2.2.1 United States
6.2.2.2 Canada
6.2.2.3 Mexico
6.2.2.4 Rest of North America
6.2.3 Europe
6.2.3.1 Germany
6.2.3.2 United Kingdom
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Austria
6.2.3.6 Rest of Europe
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Rest of South America
6.2.5 Middle East and Africa
6.2.5.1 UAE
6.2.5.2 South Africa
6.2.5.3 Rest of Middle East and Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products and Services, and Recent Developments)
10. Disclaimer
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