Harrisburg, NC -- (SBWIRE) -- 02/14/2019 -- The "Global Human Capital Management (HCM) & Payroll Market: Industry Analysis & Outlook (2018-20212)" analyses the development of this market, with focus on the Americas market. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report.
The four major players: SAP SE, Intuit Inc., Automatic Data Processing Inc. and Sage Group Plc. are being profiled along with their key financials and strategies for growth.
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Essential points covered in Global Human Capital Management (HCM) & Payroll Market 2019 Research are:-
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global Human Capital Management (HCM) & Payroll market?
- What are the key market trends impacting the growth of the global Human Capital Management (HCM) & Payroll market?
- What are the challenges to market growth?
- Who are the key vendors in the global Human Capital Management (HCM) & Payroll market?
- What are the market opportunities and threats faced by the vendors in the global Human Capital Management (HCM) & Payroll market?
- What are the key outcomes of the five forces analysis of the global Human Capital Management (HCM) & Payroll market?
This independent 66 pages report guarantees you will remain better informed than your competition. With over 20 tables and figures examining the Human Capital Management (HCM) & Payroll market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2022.
Furthermore, the report provides a detailed analysis of the global Human Capital Management (HCM) & Payroll market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
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The use of HCM and payroll applications helps extensively in decision-making and offers a clear picture of the overall resources of an organization. Human Capital Management (HCM) is defined as the process of acquiring, training, managing, retaining employees for them to contribute effectively in the processes of the organization. Some features of human capital management systems include performance reviews, goal management and compensation planning, as well as the automation of time collection and absence management. The human capital management software along with information technology makes the task easy and more efficient to manage workforce acquisition, management, and optimization of people in the organizations.
The term "payroll" actually refers to the list of employees that receive compensation from a company. However, most companies generally use the term to refer to the money that is paid to the employees or the records that detail how much each employee has made. Payroll may also refer to the company, department, or software that is used to process paychecks and taxes or to the process of calculating and distributing employee paychecks. Payroll software is being installed by companies as it is economical and improves the efficiency of the compensation and review processes.
The global HCM and payroll market is set to experience favorable growth driven by factors such as increased spending on HCM and payroll, rising workforce of organizations, growing internet penetration, increased spending on cloud infrastructure and rising accessibility to mobile applications. The major trends observed in this market include rising demand for integrated HCM solutions, implementation of automation and robotics and rise in the adoption of digital HR technology. However, the growth of this budding market is constrained by challenges such as data security and privacy concern, rapid technological changes and economical and political risks.
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The research includes historic data from 2013 to 2019 and forecasts until 2022 which makes the report an invaluable resource for company executives, marketing executive, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
The report will make detailed analysis mainly on the development environment, market size, and development trends of Human Capital Management (HCM) & Payroll market on the basis of current situation of the industry in 2019 so as to get a holistic understanding of the competition in Human Capital Management (HCM) & Payroll Market Carrier.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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