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Human Capital Management Market to witness a Robust global Expansion by 2022 - Workday, Oracle , Ultimate Software, IBM
[June 10, 2019]

Human Capital Management Market to witness a Robust global Expansion by 2022 - Workday, Oracle , Ultimate Software, IBM


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 is 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%.



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.

Browse and in-depth TOC on “Human Capital Management Market” 65 - Tables 71 - Figures 139 - Pages Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193746782 Major Key Companies: The HCM 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.


Industry Segmentation: In software, sourcing and recruiting, and workforce management segment are expected to have significant market growth rates in the Human Capital Management market during the forecast period from 2017 to 2022. HCM vendors offers various services, such as implementation, training and support, and consulting, in order to help organizations determine the best possible software to fit their specific needs. In the services segment, the support and maintenance service segment is expected to grow at a faster rate. Training and support services facilitate organizations and users to understand the software functionalities, update to the latest features, and also ensure the smooth functionality of the software in the long run.

The cloud-based HCM solutions are rapidly gaining traction in the deployment type segment. The cloud deployment type stimulates better access to Human Capital Management market data, with faster implementation and reduced total cost of ownership. Considering the cost benefits, Small and Medium-Sized Enterprises (SMEs) are likely to adopt the cloud-based deployment model for implementing Human Capital Management solutions. Furthermore, higher scalability and speed are the other major factors that support the fast growth of the cloud-based deployment model. The market for cloud is expected to grow in the future, as it provides secure access to various administrative activities through an HR portal and enables users to access personal HR data, such as employee records, health benefit information, and payroll information through mobile and desktop devices, virtually from any device.

The HCM solution and services are being adopted rapidly across various industry verticals, which have led to the growth of the market globally. The consumer goods and retail sector is expected to grow at the highest rate from 2017 to 2022.

The growth of Human Capital Management market is dependent on the factors, such as simplified management of geographically spread workforce, growing demand for mobile applications, and increasing demand for talent mobility are expected to drive the market growth.

HCM has various features and functionalities like Core HR, Workforce Management, Sourcing and Recruitment, Applicant Tracking System, and Staffing Vendor Management CoreHR For any organization Core HR software solutions is the primary requirement 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.

Workforce Management Workforce management software provides features that simplify the work of employees in the organization and provide them time for focusing on more significant business aspects. The workforce management consists of time and attendance management, absence management, workforce scheduling, workforce analytics, performance management, and others Sourcing and Recruitment The sourcing and recruitment software helps in finding the right talent from a large pool of job seekers. The software helps in quick search of the potential candidates for specific positions and managing hiring processes. This software helps the HR team to identify individuals, access all vital details of the person, and to take decisions accordingly.

Supply Chain Optimization Supply chain is a complete arrangement of organizations, individuals, resources, information, data, and assets necessary for moving products and services from providers to the end users. Activities in the supply chain transform raw materials into finished products and finally deliver these to customers.

Browse Complete Report @ https://www.marketsandmarkets.com/PressReleases/human-capital-management.asp About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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