Human Capital Management (HCM) Market 2022: Market Trends, Emerging Opportunities and Key Vendors

Market Scenario:

Human Capital Management is a set of practices related to people resource management which are focused on the organizational need to provide specific competencies. These practices are implemented in three main categories as workforce acquisition, Human Capital Management and workforce optimization. Human Capital Management is an approach to employee staffing that recognizes people as assets as human capital. In human capital management, the human capital’s current value can be measured and its future value can be enhanced through investment.

The study indicates that increasing demand for workforce optimization and increase in mobile applications are driving the Human Capital Management market. Human Capital Management Market is segmented on the basis of components, deployment type, organization size and end-user. On the basis of components Human Capital Management market is categorized as service and software solutions. The study indicates that due to the rising usage of e-recruiting solutions, many organizations have started adopting these solutions for onboarding, training, e-learning, candidate management, and selection management. Human Capital Management has many benefits as organizational management, better recruitment, personnel administration, advanced time management, and better payroll processing and others. These benefits are also responsible for the growth of Human Capital Management market. Apart from it the study indicates that in Human Capital Management security concerns related to software as a service-based human capital management solutions would result as a restraining factor for the market.

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The global Human Capital Management Market is expected to grow at USD ~22 Billion by 2022, at ~10% of CAGR between 2016 and 2022.

Key Players

The prominent players in the Human Capital Management Market are – IBM (U.S.), SAP SE (Germany), Software AG (Germany), Workforce Software (U.S.), ADP LLC (U.S.), WORKDAY (U.S.), Oracle Corporation (U.S.), Kronos Inc. (U.S.), LinkedIn (U.S.), Ultimate Software (U.S.), Infor (U.S.), Zenefits (U.S.), Talentsoft (France), among others.

Segments:

Human Capital Management market is segmented on the basis of component, deployment type, organization size and end-user.

Human Capital Management by Components:

Software Solutions

• Workforce Analytics
• Competency management
• Performance management
• Time and expense management
• E-learning
• E-recruiting
• E-boarding
• Core HR
• Talent Management
• Payroll and Tax

Services

• Transformation services
• Implementation Services
• Consulting services
• Support and maintenance
• Others

Human Capital Management by Deployment Type:

• Cloud
• On premise

Human Capital Management by Organization Size:

• SMEs
• Large Enterprise

Human Capital Management by End-user:

• Manufacturing
• BFSI
• IT/ITES
• Healthcare
• Transportation
• Government
• Others

Regional Analysis

The regional analysis of Human Capital Management Market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. The study indicates that North America region is dominating the Human Capital Management Market owing to factors such as increased internet penetration and technological advancements. The study also indicates that cloud deployment is a driving factor for Asia-Pacific region to grow significantly in the human capital management market by the forecast period. Apart from it the rising adoption of IT services is also driving the human capital management market.

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Intended Audience

• Government Organizations
• Enterprise users
• Commercial users
• Industrial users
• Technology investors
• System Integrators
• Research/Consultancy firms

TABLE OF CONTENTS

List Of Tables

Table 1 HCM Market, By Component

Table 2 HCM Market, By Organization Size

Table 3 HCM Market, By Deployment

Table 4 HCM Market, By End-User

Table 5 HCM Market, By Regions

Table 6 North America HCM Market, By Component

Table 7 North America HCM Market, By Organization Size

Table 8 North America HCM Market, By Deployment

Table 9 North America HCM Market, By End-User

Table 10 U.S. HCM Market, By Component

Table 11 U.S. HCM Market, By Organization Size

Table 12 U.S. HCM Market, By Deployment

Table 13 U.S. HCM Market, By End-User

Table 14 Canada HCM Market, By Component

Table 15 Canada HCM Market, By Organization Size

Table 16 Canada HCM Market, By Deployment

Table 17 Canada HCM Market, By End-User

Table 18 Europe HCM Market, By Component

Table 19 Europe HCM Market, By Organization Size

Table 20 Europe HCM Market, By Deployment

Table 21 Europe HCM Market, By End-User

Table 22 Germany HCM Market, By Component

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Ma