Emergen and Research has recently added a new informative report titled ‘Global Human Capital Management Market Forecasts to 2028’ to its ever-expanding repository. The report covers all the essential features of the Human Capital Management market, with key statistical data represented in the form of tables, charts, diagrams, figures, and graphs.
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. 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.
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Key companies profiled in the report include:
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.
Highlights of Table of Contents (TOC):
Overview of Global Human Capital Management Market
Competitive analysis of the Human Capital Management market
Regional analysis of Global Human Capital Management market production and revenue
Regional analysis of Global Human Capital Management market supply, consumption, and export import
Type-based market analysis of global Human Capital Management production, revenue, and price trends
Application-based analysis of the global Human Capital Management market
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Human Capital Management Segmentation by Key Regions:
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)
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