Human Capital Management

9/11/2017 Human Capital Management Market Worth 22.51 Billion USD by 2022 /PR Newswire India/ 

PUNE, India, June 30, 2017 /PRNewswire/ -- 

According to a new market research report "Human Capital Management 

Market by Software (Core HR, Workforce Management, Sourcing and 

Recruiting, Applicant Tracking System, Staffing Vendor Management), 

Services, Deployment Type, Organization Size, and Region - Global Forecast 

to 2022", published by MarketsandMarkets, the Human Capital Management (HCM) Market size 

expected to grow from USD 14.50 Billion in 2017 to USD 22.51 Billion by 2022, at an estimated 

Compound Annual Growth Rate (CAGR) of 9.2%. 

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Browse 65 market data Tables and 71 Figures spread through 139 Pages and in-depth TOC on "Human 

Capital Management Market " 

http://www.marketsandmarkets.com/Market-Reports/human-capital-management-market- 

193746782.html 

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HCM is growing gradually and being adopted by users to standardize processes for core Human 

Resources (HR) activities, workforce management, and talent management. Managing the widespread 

workforce located at different regions is one of the major driving forces for the growth of the HCM 

Market. 

Core HR and workforce management are expected to be the largest contributors in the global 

HCM Market during the forecast period 

Core HR software is a very basic requirement for any organization to administer its employee for 

functions, such as payroll and compensation management, benefits and claims management, personnel 

management, learning management, pension management, compliance management, and succession 

planning. Furthermore, considering the rising workforce of organizations, it becomes critical for the HR 

department to track and monitor the employees in order to efficiently manage the widespread workforce. 

The consumer goods and retail vertical is expected to show a significant growth rate in terms of 

adoption of HCM-based solutions and services 

The consumer goods and retail vertical is evolving and expected to grow rapidly, in terms of 

technological changes, customer needs, and employment. In order to gain more visibility and control 

over diversified and mixed workforce consisting of in-store employees, drivers, and field service 

providers, both internally and externally, the consumer goods and retail vertical has been focusing on 

adopting advanced solutions to efficiently manage their resources. Moreover, the increasing competition 

in the consumer goods and retail vertical has encouraged these enterprises to efficiently manage their 

resources and increase the profitability. 

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With the growing technological advancements in North America, the region is expected to be the 

largest contributor of HCM solutions during the forecast period. 

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The North America region has been predominately concerned regarding the adoption of HCM solutions 

and services. The high adoption of digital technology across all major verticals helps the HCM Market to 

grow in North America, particularly in the US and Canada. The market is in the emerging stage in the 

regions of Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Therefore, these 

regions exhibit immense scope for the adoption of HCM solutions. Additionally, the growing 

technological developments in the field of cloud, analytics, and the emergence of mobile technologies 

have led to the high adoption of HCM solutions in major verticals, such as Banking, Financial Services, 

and Insurance (BFSI), transportation and logistics, and healthcare. 

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The Human Capital Management Market consists of major players, such as Workday, Inc. (US), 

Oracle Corporation (US), SAP SE (Germany), Kronos, Inc. (US), Automatic Data Processing, LLC (US), 

Ultimate Software Group, Inc. (US), IBM Corporation (US), SumTotal Systems, LLC (US), EmployWise 

(India), Paycom Software, Inc. (US), Ceridian HCM, Inc. (US), and PeopleStrategy, Inc. (US) in this 

market. 

Browse Related Reports 

Core HR Software Market by Software (Learning Management, Payroll and Compensation 

Management), Service, Deployment Type (On-Premises and Cloud), Organization Size (SMEs and 

Large Enterprises), Vertical, and Region - Global forecast to 2022 

http://www.marketsandmarkets.com/Market-Reports/core-human-resource-hr-software-market- 

81186018.html 

Talent Management Software (TMS) Market by Solution (Talent Acquisition, Workforce Planning, 

Learning, Compensation, and Performance Management), by Services, by Deployment Mode, by 

Organization Size, by Verticals, and by Regions - Trends and Forecasts to 2019 

http://www.marketsandmarkets.com/Market-Reports/talent-management-software-market- 

58599319.html 

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Human Capital Management

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