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Human Capital Management Market High Demand, Recent Trends, Future Growth and Outlook 2028

data inconsistency problems as a result of the implementation of various advanced solutions and HR standards by organizations are expected to hamper market revenue growth during the forecast period.

The Global Human Capital Management Market research study published by Emergen Research is an extensive collection of insightful information The report covers the Human Capital Management Market segmentation along with a detailed outline of the size with regards to volume and valuation. The report provides comprehensive coverage of the Human Capital Management Market scenario for the current period and forecast timeline of 2028. The Human Capital Management Market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industry, application, and region.

Human Capital Management Marketsize reached USD 18.04 billion in 2020 and is expected to register a revenue CAGR of 7.9% during the forecast period, according to latest analysis by Emergen Research. 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. Such solutions ensure secure access to various administrative functions through an innovative HR employee access portal. It further enables employees to access data remotely using smartphones and computers. These are some major factors driving growth of the global Human Capital Management (HCM) market revenue.

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Human Capital Management Market report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on a detailed analysis of the technological and product developments undertaken by these companies.

The key companies studied in the report are:

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.

On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show significant growth owing to recent advancements and rising investments in the R&D sector.

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

1.      Payroll Management

2.      Workforce Management

3.      Talent Management

4.      Applicant Tracking System

5.      Core HR

6.      HR Analytics

·        Services

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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The report addresses the following key points:

·       The report estimates the expected market size from 2018-to 2028

·       The report provides a forecast of market drivers, restraints, and future opportunities for the Human Capital Management Market

·       The report further analyses the changing market dynamics

·       Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

·       Extensive competitive landscape mapping with profiles of the key competitors

·       In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

·       Revenue forecast, country scope, application insights, and product insights

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