Human Capital Management Market Share, Size, & Trends Analysis Report, Region & Segment Forecasts 2020 – 2028

Emergen

Published

June 6, 2022

The global Human Capital Management (HCM) market size reached USD 18.04 billion in 2020 and is expected to register a revenue CAGR of 7.9% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of cloud-based Human Capital Management (HCM) solutions is expected to support market revenue growth between 2021 and 2028. Besides, increasing integration of Robot Process Automation (RPA) with HR solutions will boost market growth. The Human Capital Management Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Human Capital Management market. The report offers in-depth research and assessment of the key elements of the global Human Capital Management market.

Currently, demand for cloud-based business models and talent mobility for workforce planning has increased at a rapid pace. Many businesses in various industries, including BFSI, healthcare, manufacturing, retail, telecommunications & Information Technology (IT), media & entertainment, and others are rapidly adopting cloud-based HCM solutions. Such solutions ensure secure access to various administrative functions through an innovative HR employee access portal. It further enables employees to access data remotely using smartphones and computers. These are some major factors driving growth of the global Human Capital Management (HCM) market revenue.

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Leading Companies of the Human Capital Management Industry and Profiled in the Report are:

Microsoft Corporation, Workday, Inc., Automatic Data Processing, Inc., Ceridian HCM, Inc., Oracle Corporation, Cornerstone OnDemand, Inc., Ultimate Software Group, Inc., International Business Machines Corporation, SumTotal Systems, Inc., and Kronos Incorporated.

However, data inconsistency problems as a result of implementation of various advanced solutions and HR standards by organizations are expected to hamper market revenue growth during the forecast period.

Some Key Highlights from the Report

Service segment is expected to expand at a substantially rapid revenue CAGR during the forecast period due to rising need for implementation and maintenance services as a result of increasing deployment of HCM solutions.
Cloud segment is expected to register a significantly robust revenue growth rate over the forecast period as organizations are shifting rapidly towards cloud-based deployment models to manage large data efficiently and remotely.
North America is expected to register a larger revenue growth rate in the Human Capital Management (HCM) market over the forecast period among other regional markets due to robust presence of international and domestic HCM solution providers such as Microsoft Corporation, Workday, Inc., Automatic Data Processing, Inc., Ceridian HCM, Inc., and Oracle Corporation, among others.
In September 2021, Ceridian HCM, Inc., a worldwide leader in Human Capital Management (HCM) technology and PwC Mauritius announced a partnership in which the latter will provide consultancy and implementation services to organizations looking to improve operational activities using Ceridian’s HCM solution, Dayforce.

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Emergen Research has segmented global Human Capital Management (HCM) on the basis of offering, deployment, organization size, end-use, and region:

Offering Outlook (Revenue, USD Billion; 2018–2028)

Software
1. Payroll Management
2. Workforce Management
3. Talent Management
4. Applicant Tracking System
5. Core HR
6. HR Analytics
Services

Deployment Outlook (Revenue, USD Billion; 2018–2028)

On-premises
Cloud

Organization Size Outlook (Revenue, USD Billion; 2018–2028)

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

End-use Outlook (Revenue, USD Billion; 2018–2028)

Telecom & IT
Healthcare
Government
BFSI
Manufacturing
Transportation & Logistics
Education
Hospitality
Media and Entertainment
Retail
Others

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Regional Outlook (Revenue, USD Billion; 2018–2028)

North America
1. U.S.
2. Canada
3. Mexico
Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
Latin America
1. Brazil
2. Rest of LATAM
Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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Radical Features of the Human Capital Management Market Report:

The report encompasses Human Capital Management market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Human Capital Management industry

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About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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