New York, NY -- (SBWire) -- 04/12/2021 --A new report on the Human Capital Management (HCM) Market research study, published by Reports and Data, provides an in-depth survey of the dominant participants of the industry –the basis points for which are the financial highlights, company outline, SWOT Analysis, Product Portfolio, as well as major strategies and the expansion plans of the new and potential contenders. This report is also anticipated to reflect consistent growth in the coming years since consumers are now more aware of product quality. This market analysis of an industry is a crucial factor that numerous stakeholders, such as investors, traders, suppliers, and others, will find beneficial.
The global human capital management (HCM) market is poised to witness enormous growth over the foreseeable era. The market growth can be accredited to the rising adoption of HCM software and solutions across business verticals, the surging penetration of emerging technologies like AI and machine learning, amplifying demand for automated human resource management processes, the rising need for workforce productivity, the growing usage of HCM mobile applications, increasing adoption of cloud-based services across SMEs for workforce management, and the escalating number of HCM vendors worldwide. However, growing data privacy concerns and rising cases of unauthorized access to confidential data pose major threats to the global human capital management (HCM) market growth.
Global Human Capital Management (HCM) Market: Competitive Background:
IBM Corporation, ADP LLC, Oracle Corporation, Cornerstone OnDemand, Epicor Software Corporation, Infor, Ascentis, Zoho, SAP SE, Talentsoft, EmployWise, Kronos, Inc., Ultimate Software Group, Inc., Bamboo HR, Zenefits, PeopleFluent, Epicor Software , SumTotal Systems, LLC
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Market Drivers:
The global human capital management (HCM) market is projected to experience steadfast growth over the following years. The key parameters expected to support the global market development over the forecast timeline are the surging implementation of HCM solutions across business organizations worldwide, rising demand for automated HR management solutions, and the burgeoning need for enhanced workforce efficiency and productivity. The emergence of several AI-integrated and machine learning technologies, growing adoption of cloud-based HCM services, increasing usage of various HCM mobile apps, and the augmenting market penetration HCM vendors are the other significant factors accountable for the growth of this industry.
For the purpose of this report, Reports And Data has segmented the global human capital management (HCM) market based on component, deployment model, organization size, industry vertical, and region
By Component (Revenue, USD Million; 2017-2027)
Software
Core HR
HR Analytics
Workforce Management
Applicant Tracking System
Services
Training & Education
Integration & Implementation
Support & Maintenance
Consulting
By Deployment Model (Revenue, USD Million; 2017-2027)
On-premises
Cloud
By Organization Size (Revenue, USD Million; 2017-2027)
Large Enterprises
Small and Medium-sized Enterprises (SMEs)
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By Industry Vertical (Revenue, USD Million; 2017-2027)
Banking, Financial Services, and Insurance (BFSI)
IT & Telecom
Manufacturing
Retail
Hospitality
Healthcare
Media & Entertainment
Education
Government
Energy & Utilities
Transportation & Logistics
Others
Regional Outlook:
North America is the most dominant regional segment in the global human capital management (HCM) market. The market in this region is expected to generate the highest revenue in the coming years, owing to the region's booming corporate sector, expanding working population, rising need for HR process automation, and the soaring adoption of cloud computing.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Understanding the market size:
The size of the Human Capital Management (HCM) market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Human Capital Management (HCM) report.
The report emphasizes the following key questions
Q.1. What are the most lucrative and promising growth prospects for the market?
Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4. Which factors are impacting the future of the market and what are the driving factors?
Q.5. What are the hurdles and challenges curtailing the industry's growth in the forecast period?
Highlights of the TOC:
Report Overview
1.1 Research Scope
1.2 Key Human Capital Management (HCM) market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Human Capital Management (HCM) market size
2.2 Latest Human Capital Management (HCM) market trends
2.3 Key growth trends
Competitive Landscape
3.1 Global Human Capital Management (HCM) market key players
3.2 Global Human Capital Management (HCM) size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Human Capital Management (HCM) market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Continued…
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About Reports and Data:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Human Capital Management (HCM) Market Size, Share, Industry Growth, Trend, Business Opportunities, Challenges, Drivers and Restraint Research Report by 2027
The global human capital management (HCM) market is poised to witness enormous growth over the foreseeable era.