Adroit Market Research - Industry Insights
Human Capital Management Market by Solutions (Core HR, Talent Management, Workforce Management, Payroll & Compensation, Others), Services (Integration & Implementation, Support & Maintenance, Consulting), Organization Size (Small & Medium, Large), Application (BFSI, Retail, Manufacturing, IT & Telecom, Healthcare, Transportation & Logistics, Travel & Hospitality, Others), and by Region, Global Forecast 2018 to 2025
Apr 2020
Total Pages: 131
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The global human capital management (HCM) market size is anticipated to reach at USD 28 billion by 2025. Factors including growing cloud adoption among SMBs to proficiently manage office and field personnel is anticipated to drive the industry growth in the coming few years. Additionally, integration of evolving technologies such as machine learning (ML) and artificial intelligence (AI) with human capital management solutions has arisen as one of the key factors responsible for HCM services and solutions adoption across regions.
.png "Global Human Capital Management Market, 2018-2025 (USD Billion)")
Today, the requirement for proper data management and processing has grown rapidly. HCM solutions denote to a distinguished set of practices related to the people resource management devoted to fulfilling the management requirements of the enterprises. It offers particular skills including the HCM software suite. For example, the Workday HCM software suite enables organizations to prioritize privacy and security so that it can ensure compliance such as GDPR mandates that are imposed in the European nations.
Key Segments of the Global Human Capital Management Market
Solution Overview, 2018-2025 (USD Billion)
- Core HR
- Talent Management
- Workforce Management
- Payroll & Compensation
- Others
Services Overview, 2018-2025 (USD Billion)
- Integration & Implementation
- Support & Maintenance
- Consulting
Application Overview, 2018-2025 (USD Billion)
- BFSI
- Retail
- Manufacturing
- IT & Telecom
- Healthcare
- Transportation & Logistics
- Travel & Hospitality
- Others
Regional Overview, 2018-2025 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global human capital management market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global human capital management market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the human capital management industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on component, organization size, deployment, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global human capital management market. The report will benefit:
- Every stakeholder involved in the human capital management market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global human capital management market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global human capital management market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Organizations throughout the globe are concentrating on building a digital workplace that ensures high efficiency, delivers mobility and flexibility, along with using modern communication systems. This transformation of business processes from traditional systems to digital HR is playing a crucial role in the centralization of human resource data across the streams of an enterprise, thus enabling for convenient data access. Various HR solution enablers provide their software on cloud, delivering easy access virtually through any system throughout the enterprise. Buyers prefer cloud-based solutions due to their decreased maintenance charges, flexibility in usage, and eradication of installation costs and time.
Solutions Segment
The global human capital management market contains core HR, workforce management, talent management, payroll & compensation, and others. The workforce management segment of the human capital management component has a maximum revenue share within the global human capital management market in 2019. However, the talent management segment is anticipated to grow at a considerable rate over the forecast period.
Services Segment
Based on the organization size segment, the market is segmented into integration & implementation, support & maintenance, and consulting. The market for implementation to possess the largest market share in 2019 since enterprises today are predominantly developing to match their user needs. However, the human capital management for consulting is expected to experience a significant CAGR from 2020 to 2025.
Application Segment
Based on the application, the market is segmented into BFSI, retail, manufacturing, IT & telecom, healthcare, transportation & logistics, travel & hospitality, and others. The market for the IT & telecom sector is anticipated to possess the largest market share in 2019 owing to the high demand for system automation and sourcing of candidates according to the organization structure and job profiles. However, the government sector is anticipated to grow at a substantial CAGR over the forecast period.
The global human capital management market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the human capital management applications, owing to an outsized presence of organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the human capital management market in North America.
.png "North America Human Capital Management Market, 2018-2025 (USD Billion)")
The major players of the global human capital management market are Accenture, Automatic Data Processing (ADP), Ceridian HCM, IBM Corporation, Cezanne HR; Kronos, NetSuite, Mercer, Oracle Corporation, SAP; Ultimate Software, Talentsoft, and Workday. The human capital management market is fragmented with the existence of well-known global and domestic players across the globe.
The global human capital management (HCM) market size is anticipated to reach at USD 28 billion by 2025. Factors including growing cloud adoption among SMBs to proficiently manage office and field personnel is anticipated to drive the industry growth in the coming few years. Additionally, integration of evolving technologies such as machine learning (ML) and artificial intelligence (AI) with human capital management solutions has arisen as one of the key factors responsible for HCM services and solutions adoption across regions.
Today, the requirement for proper data management and processing has grown rapidly. HCM solutions denote to a distinguished set of practices related to the people resource management devoted to fulfilling the management requirements of the enterprises. It offers particular skills including the HCM software suite. For example, the Workday HCM software suite enables organizations to prioritize privacy and security so that it can ensure compliance such as GDPR mandates that are imposed in the European nations.
Key Segments of the Global Human Capital Management Market
Solution Overview, 2018-2025 (USD Billion)
- Core HR
- Talent Management
- Workforce Management
- Payroll & Compensation
- Others
Services Overview, 2018-2025 (USD Billion)
- Integration & Implementation
- Support & Maintenance
- Consulting
Application Overview, 2018-2025 (USD Billion)
- BFSI
- Retail
- Manufacturing
- IT & Telecom
- Healthcare
- Transportation & Logistics
- Travel & Hospitality
- Others
Regional Overview, 2018-2025 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global human capital management market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global human capital management market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the human capital management industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on component, organization size, deployment, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global human capital management market. The report will benefit:
- Every stakeholder involved in the human capital management market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global human capital management market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global human capital management market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Rise in Adoption of Cloud Based HCM Software
4.3.1.2 Increasing Adoption of Digital HR Technology
4.3.2 Restraints
4.3.2.1 Data Security & Privacy Concern Regarding to Cloud Deployment
4.3.3 Opportunities
4.5 PEST Analysis
Chapter 5 Human Capital Management Market by Solutions
5.1 Introduction
5.1.1 Core HR
5.1.2 Talent Management
5.1.3 Workforce Management
5.1.4 Payroll & Compensation
5.1.5 Others
Chapter 6 Human Capital Management Market by Services
6.1 Introduction
6.1.1 Integration & Implementation
6.1.2 Support & Maintenance
6.1.3 Consulting
Chapter 7 Human Capital Management market by Application
7.1 Introduction
7.1.1 BFSI
7.1.2 Retail
7.1.3 Manufacturing
7.1.4 IT & Telecom
7.1.5 Healthcare
7.1.6 Transportation & Logistics
7.1.7 Travel & Hospitality
7.1.8 Others
Chapter 8 Human Capital Management Market By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America
Chapter 9 Competitive Landscape
9.1 Overview
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
9.2.3 Investments
9.2.4 Expansion
9.2.5 Others
Chapter 10 Company Profiles
10.1 Accenture
10.1.1 Overview
10.1.2 Products and Services Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.1.5 SWOT
10.2 Automatic Data Processing (ADP)
10.2.1 Overview
10.2.2 Products and Services Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.2.5 SWOT
10.3 Ceridian HCM
10.3.1 Overview
10.3.2 Products and Services Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.3.5 SWOT
10.4 IBM Corporation
10.4.1 Overview
10.4.2 Products and Services Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.4.5 SWOT
10.5 Cezanne HR
10.5.1 Overview
10.5.2 Products and Services Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.5.5 SWOT
10.6 Kronos
10.6.1 Overview
10.6.2 Products and Services Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
10.6.5 SWOT
10.7 NetSuite
10.7.1 Overview
10.7.2 Products and Services Portfolio
10.7.3 Recent Initiatives
10.7.4 Company Financials
10.7.5 SWOT
10.8 Mercer
10.8.1 Overview
10.8.2 Products and Services Portfolio
10.8.3 Recent Initiatives
10.8.4 Company Financials
10.8.5 SWOT
10.9 Oracle Corporation
10.9.1 Overview
10.9.2 Products and Services Portfolio
10.9.3 Recent Initiatives
10.9.4 Company Financials
10.9.5 SWOT
10.10 SAP
10.10.1 Overview
10.10.2 Products and Services Portfolio
10.10.3 Recent Initiatives
10.10.4 Company Financials
10.10.5 SWOT
10.11 Other Companies