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The global human capital management (HCM) market is expected to grow at a CAGR of 8% in the forecast period of 2021-2026.
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North America has been among the leading regions for the global human capital management (HCM) industry in the historical period, and the region is likely to witness robust growth during the forecast period as well. The increase in the number of job-seekers due to globalisation and urbanisation, the wider penetration of social media into recruitment processes, and the growing need for cost optimization would have a major effect on human resource management solutions for the region's market. A significant portion of the global demand growth will come from North America during the forecast period.
Asia Pacific is projected to witness fast growth in the future due to the presence of developing economies like China and India. The development can also be attributed to growing government policies to promote the digitization of business processes and the adoption of cloud-based systems. The regional population is rapidly shifting from the agricultural or manufacturing sector to the service sector due to better pay, that is further driving regional demand growth.
Human capital management is a series of human resource management strategies that concentrate on the organisational need to deliver competencies. These activities are applied in three major categories, such as the procurement of labour force, human resource management and optimization of labour force. Human capital management is a staffing strategy that considers people as human capital assets. The present value of human capital can be calculated in the management of human capital and its potential value can be increased by investment.
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Based on offering, the market can be divided into the following:
On the basis of deployment, the industry can be divided into:
The enterprise size of the market can be divided as follows:
It finds end-use in the following sectors:
The regional markets for Human Capital Management (HCM) can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growth of the market is primarily being driven by the rapid technological advancements. The rising demand for automated recruitment processes is a key factor in driving the growth of the global market for HCM solutions. Advances such as the convergence of AI and machine learning technology have made HCM solutions capable of automating recruitment processes. Automated HCM systems help to dramatically reduce the total time, effort and expense associated with the recruitment process. The growing demand for effective management of core HR functions, such as recruiting, employee training, scheduling, payroll, internal relations, benefits management and protection, and enforcement, is increasing the demand for HR functional software solutions.
The report gives a detailed analysis of the following key players in the global human capital management (HCM) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Human Capital Management (HCM) Market Analysis
8.1 Key Industry Highlights
8.2 Global Human Capital Management (HCM) Historical Market (2016-2020)
8.3 Global Human Capital Management (HCM) Market Forecast (2021-2026)
8.4 Global Human Capital Management (HCM) Market by Offering
8.4.1 Software
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Human Capital Management (HCM) Market by Deployment
8.5.1 Cloud Based
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 On-Premises
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global Human Capital Management (HCM) Market by Enterprise Size
8.6.1 SME’s
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Large Enterprises
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.7 Global Human Capital Management (HCM) Market by End Use
8.7.1 IT and Telecommunication
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 BFSI
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Government
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 Retail
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2016-2020)
8.7.4.3 Forecast Trend (2021-2026)
8.7.5 Healthcare
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2016-2020)
8.7.5.3 Forecast Trend (2021-2026)
8.7.6 Education
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2016-2020)
8.7.6.3 Forecast Trend (2021-2026)
8.7.7 Manufacturing
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2016-2020)
8.7.7.3 Forecast Trend (2021-2026)
8.7.8 Others
8.8 Global Human Capital Management (HCM) Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Oracle Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 SAP SE
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 ADP, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Ceridian HCM, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Infor
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Human Capital Management (HCM) Market: Key Industry Highlights, 2016 and 2026
2. Global Human Capital Management (HCM) Historical Market: Breakup by Offering (USD Billion), 2016-2020
3. Global Human Capital Management (HCM) Market Forecast: Breakup by Offering (USD Billion), 2021-2026
4. Global Human Capital Management (HCM) Historical Market: Breakup by Deployment (USD Billion), 2016-2020
5. Global Human Capital Management (HCM) Market Forecast: Breakup by Deployment (USD Billion), 2021-2026
6. Global Human Capital Management (HCM) Historical Market: Breakup by Enterprise Size (USD Billion), 2016-2020
7. Global Human Capital Management (HCM) Market Forecast: Breakup by Enterprise Size (USD Billion), 2021-2026
8. Global Human Capital Management (HCM) Historical Market: Breakup by End Use (USD Billion), 2016-2020
9. Global Human Capital Management (HCM) Market Forecast: Breakup by End Use (USD Billion), 2021-2026
10. Global Human Capital Management (HCM) Historical Market: Breakup by Region (USD Billion), 2016-2020
11. Global Human Capital Management (HCM) Market Forecast: Breakup by Region (USD Billion), 2021-2026
12. North America Human Capital Management (HCM) Historical Market: Breakup by Country (USD Billion), 2016-2020
13. North America Human Capital Management (HCM) Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Europe Human Capital Management (HCM) Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Europe Human Capital Management (HCM) Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Asia Pacific Human Capital Management (HCM) Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Asia Pacific Human Capital Management (HCM) Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Latin America Human Capital Management (HCM) Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Latin America Human Capital Management (HCM) Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Middle East and Africa Human Capital Management (HCM) Historical Market: Breakup by Country (USD Billion), 2016-2020
21. Middle East and Africa Human Capital Management (HCM) Market Forecast: Breakup by Country (USD Billion), 2021-2026
22. Global Human Capital Management (HCM) Market Structure
The global human capital management (HCM) market is projected to grow at a CAGR of 8% between 2021 and 2026.
The growth of the market is being driven by factors like rising population, growing urbanisation and globalisation, and the increasing demand for effective management of core HR functions.
Advances including the convergence of AI and machine learning technology are important industry trends.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading offerings of human capital management (HCM) in the market are software and services.
The major deployment types of human capital management (HCM) in the industry are cloud based and on-premises.
The significant enterprise sizes in the market are SMEs and large enterprises.
The major end use sectors in the industry are IT and telecommunication, BFSI, government, retail, healthcare, education, and manufacturing, among others.
The major players in the industry are Oracle Corporation, SAP SE, ADP, Inc., Ceridian HCM, Inc., and Infor, among others.
The global human capital management (HCM) market is being driven by the rising demand for effective management of core HR functions. Aided by the technological advancements, the market is expected to witness a healthy growth in the forecast period of 2021-2026, growing at a CAGR of 8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By offering, the market is bifurcated into software and services. Based on deployment, the industry is divided into cloud based and on-premises. On the basis of enterprise size, the market is segmented into SMEs and large enterprises. By end use, the industry is divided into IT and telecommunication, BFSI, government, retail, healthcare, education, and manufacturing, among others. The major regional markets for human capital management (HCM) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Oracle Corporation, SAP SE, ADP, Inc., Ceridian HCM, Inc., and Infor, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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