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Human Capital Management Market to Reach $22 Billion by 2022: Key Players are Workday, Oracle, SAP SE, Kronos, Automatic Data Processing, Ultimate Software Group, EmployWise & Paycom Software - Research and Markets

[July 18, 2017]

Human Capital Management Market to Reach $22 Billion by 2022: Key Players are Workday, Oracle, SAP SE, Kronos, Automatic Data Processing, Ultimate Software Group, EmployWise & Paycom Software - Research and Markets

The "Human Capital Management Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

The Human Capital Management (HCM) market is expected to grow from USD 14.50 Billion in 2017 to USD 22.51 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 9.2%, because of the increasing complexities in managing the widespread workforce.

The HCM market is driven by factors, such as the increased adoption of mobile devices and the increasing demand for talent mobility in the organizations. Organizations are resistant to change the traditional approaches or adopt new solutions, which is expected to hinder the market growth during the forecast period.

The core HR segment is expected to hold the largest market share during the forecast period. The 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 manageent, and succession planning. The solutions helps HR personnel effectively manage their employees and maintain a transparent medium between the management and the employees. With the presence of a number of prominent software vendors in the core HR software space, the market is very competitive with many emerging players who offer niche and differentiated solutions, targeting a particular set of customers.

Companies Mentioned