A set of practices focused on organizational needs for provisioning specific competencies to the businesses comprising of components as workforce acquisition, workforce optimization and workforce management collectively are defined as Human Capital Management (HCM). Applications such as personnel administration, benefits administration, payroll, employee self-service, and service center facilitate the implementations of human capital management in an organization. The human capital management solution ensures the development and management of individuals in accordance with their key responsibility areas coupled with ensuring remarkable employee engagement towards better organizational performance.
Rapid demands for streamlining the HR-based operations in organizations and the exponential adoptions of cloud-based HCM software are anticipated to be the major drivers for the human capital management market. Data security and privacy concerns coupled with the need to comply with stringent data privacy regulations to hinder the growth of the human capital management market. Increasing advancements in the field of digitalization of HR-based functions would provide good opportunities to the players operating in the human capital management market.
The "Global Human Capital Management Market Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the human capital management market with detailed market segmentation by component, deployment model, organization size, end-user, and geography. The global human capital management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading human capital management market players and offers key trends and opportunities in the market.
The global human capital management market is segmented on the basis of component, deployment model, organization size, and end-user. Based on component, the human capital management market is segmented into solution and services. On the basis of deployment model, the human capital management market is segmented into cloud and on-premises. Further, the human capital management market is segmented on the basis of organization size into small and medium enterprises (SMEs) and large enterprises. The human capital management market on the basis of the end-user is classified into BFSI, IT and telecom, transportation and logistics, government, retail, healthcare, hospitality, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global human capital management market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The human capital management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the human capital management market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the human capital management in these regions.
The reports cover key developments in the human capital management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from human capital management market are anticipated to lucrative growth opportunities in the future with the rising demand for human capital management in the global market. Below mentioned is the list of few companies engaged in the human capital management market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the human capital management market. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last 3 years, the key development in the past five years.
- ADP LLC
- Cornerstone OnDemand
- Epicor Software Corporation
- IBM Corporation
- Kronos, Inc.
- Oracle Corporation
- Sage Group plc
- SAP SE
- Workday, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.