Human Capital Management Market Size, Product Trends, Key Companies, Revenue Share Analysis, 2021–2028

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Increasing integration of Robot Process Automation with HR solutions and rising demand for cloud-based business models & talent mobility for workforce planning are key factors driving market revenue growth

The Global Human Capital Management  Market report assesses the market size, share, revenue, and sales and distribution in the historical years (2017-2018) to offer an accurate forecast estimation for the same during the period of 2021-2028. Furthermore, it studies the existing competitive landscape with a focus on leading companies and their expansion strategies to project their growth and expansion in the forecast period. The report further offers an extensive overview of the market, along with an in-depth summary of the market’s leading players. The report ends with a conclusive data offering accurate insights into the growth of the market on both the regional and global scales.

The report is streamlined with the current market scenario and economic landscape with regard to the COVID-19 pandemic. The pandemic has disrupted normal business routines and induced certain financial difficulties. The report analyses the latest scenario, changing dynamics of the market, and the overall impact of the pandemic on the market and its key segments. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report studies the Human Capital Management  market according to the impact of the pandemic and offers a present and future impact assessment.

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Competitive Landscape:

The report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis. Moreover, it also offers key beneficial data about their expansion strategies such as merger and acquisition activities, joint ventures, collaborations, government and corporate deals, product launches brand promotions, and partnerships, among others.

The leading players extensively profiled in the market 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.

Human Capital Management Market Segmentation:

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

Payroll Management

Workforce Management

Talent Management

Applicant Tracking System

Core HR

HR Analytics

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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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.

Significant Features of the Human Capital Management  Market Report:

Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players

Assessment of the existing and emerging trends of the business sphere

Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years.

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Key Regions Studied in the Report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

In conclusion, the report provides a qualitative and quantitative analysis of the Global Human Capital Management market, including the global and regional analysis of the market. The study covers critical information and factual data about the Human Capital Management market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Human Capital Management market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Human Capital Management market industry.

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