Human Capital Management market size is expected to grow from USD 14.50 Billion in 2017 to USD 22.51 Billion by 2022, due to demand from core HR software and growing at an estimated Compound Annual Growth Rate (CAGR) of 9.2%.
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The HCM ecosystem comprises vendors, such as Workday, Inc. (US), Oracle Corporation (US), SAP SE (Germany), Kronos, Inc.
(US), Automatic Data Processing, LLC (US), and Ultimate Software Group, Inc. (US), service providers, system integrators, and enterprises.Other stakeholders of the Human Capital Management market include human resource vendors, distributors, Original Equipment Manufacturers (OEMs), consulting service providers, human resources service providers, resellers, telecom operators, enterprise users, and technology providers.
Demand from Target Audience
- HCM solution providers
- HCM platform providers
- Recruiting firms
- Cloud service providers
- Third-party providers
- Channel partners
- Professional service providers
- HR representatives
The core HR segment is expected to hold the largest market share during the forecast period. The core HR software is a very basic requirement for any organization to administer its employee for functions, such as payroll and compensation management, benefits and claims management, personnel management, learning management, pension management, compliance management, and succession planning.
The solutions helps HR personnel effectively manage their employees and maintain a transparent medium between the management and the employees. With the presence of a number of prominent software vendors in the core HR software space, the market is very competitive with many emerging players who offer niche and differentiated solutions, targeting a particular set of customers.
List of Tables
Table 1 Evaluation Criteria
Table 2 Human Capital Management Market: Assumptions
Table 3 Market Size and Growth Rate, 2015–2022 (USD Million, Y-O-Y %)
Table 4 Market Size, By Component, 2015–2022 (USD Million)
Table 5 Market Size, By Software, 2015–2022 (USD Million)
Table 6 Market Size, By Service, 2015–2022 (USD Million)
Table 7 Market Size, By Software, 2015–2022 (USD Million)
Table 8 Core HR: Market Size, By Region, 2015–2022 (USD Million)
Table 9 Workforce Management: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Sourcing and Recruitment: Market Size, By Region, 2015–2022 (USD Million)
The HCM market has been segmented by component, deployment type, organization size, industry vertical, and region. The report is expected to help market leaders/new entrants in this market in the following ways:
The report segments the HCM market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments. The market numbers were then further split across different verticals and regions.
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