Human Capital Management Market - Forecast(2024 - 2030)
Overview
Human Capital Management Market
is forecast to reach $29.4 billion by 2025, after growing at a CAGR of 9.42% during
2020-2025. With the increasing focus of the organizations on the minimizing the
HR functions costs, the demand for human capital management is analyzed to increase.
Moreover the benefits such as increased workforce productivity, employee
engagement and many other benefits associated with the employment of human
capital management solutions are the key driving factors for the Human Capital
Management Market.
Report Coverage
The report: “Human Capital Management Market – Forecast (2019-2024)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Human Capital
Management Market.
Key Takeaways
·
North America dominates the Human Capital
Management market owing to adoption of new technologies including automation,
cloud-based services and so on.
·
Large Enterprises hold the major market share as
of 2018 and are analyzed to grow at a significant rate during the forecast
period 2020-2025, attributed to the increased focus on efficiency and
productivity through these solutions.
·
Increased demand for automation of systems for
sourcing candidates as per job profile from IT & Telecom, retail and
healthcare industries is analyzed to boost the market during the forecast
period 2020-2025.
Deployment Model- Segment Analysis
On-premise deployment model is analyzed to hold a major share in 2018. The major market share is majorly attributed to the advantages of on premise deployment model including security, high customization and so on. In the high regulatory industries on-premise deployment is employed as it provides more security when compared to cloud model as it does not necessarily use internet. However the shift of organizations to cloud model large data management is contributing to the significant growth rate of the on-cloud deployment model in the Human Capital Management Market.
End User- Segment Analysis
IT and Telecom industry held major market share in 2018. HR solutions have revolutionized the IT and telecom industry by providing the organization with employee management, performance management, workforce planning and analytics thereby helping in the improvement of productivity of organization. Therefore the increasing developments such as investments, startups and so on for the deployment of Human Capital Management in the organizations owing to the advantages including productivity, efficiency are boosting the adoption rate of human resource management across various industries such as healthcare, retail and so on. The usage of Payroll Administration, Employee Information Management and Workforce acquisition remain the major applicaitons.
Geography - Segment Analysis
North America dominated the Human Capital Management
market, followed by APAC and Europe. The major market share is majorly due to
the increased adoption of cloud technologies, automation and so on. Moreover
the well-established economies of this region is also contributing to the major
market share owing to the increased developments for the cloud model
deployment. APAC is analyzed to grow at highest CAGR during the forecast period
2020-2025. The major factor contributing to the highest growth rate are the
emerging economies such as China, India, South Korea and so on. Moreover the
increasing government initiatives towards digitalization and adoption of cloud
technologies are further elevating the growth of the Human Capital Management Market.
Drivers – Human Capital Management Market
·
Growing demand for cloud
based solutions
Cloud based
solutions in Human Capital Management helps the organization in remotely
monitoring, analyzing the workforce thereby contributing to the growth of the
organization. It
furthers provides data driven strategic recruiting, big-picture focus,
embracing contract workers, remote connectivity, and many other benefits are
acting as driving factors for organizations to adopt the cloud based technologies
and boosting the Human Capital
Management Market.
Challenges – Human Capital Management Market
·
Security
Issues
Security is the major factor hampering the growth of the Human Capital Management Market. Although the Human Capital Management has benefits such as easy deployment, cost effectiveness and so on, security concerns arise when cloud based deployment models are used. Small and Medium scale enterprises widely use public cloud services owing to low cost, thereby increasing the scope for cyber-attacks, data breaches and so on. Therefore the security issues of employing a cloud service is the major factor hampering the adoption of cloud technologies during the forecast period thereby affecting the Human Capital Management Market size.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Human Capital
Management market. In 2018, the market of Human Capital Management has been consolidated
by the top five players including Accenture PLC; Automatic Data Processing
(ADP), Inc.; Cezanne HR Ltd.; Ceridian HCM, Inc.; IBM Corporation; Kronos
Incorporated; among others.
Acquisitions/Investments
Ø In
June 2019, Workforce software has announced strategic growth investment from
Evergreen Coast Capital corp. to accelerate WorkForce Software’s global
expansion and commitment to customer-first innovation.
Ø In
Feb 2019, SAP AG has acquired a stake in Newgen Software Technologies Limited.,
which is a software company that provides solutions for Business Process
Management and Enterprise Content Management.
LIST OF TABLES
1.Global Human Capital Management Market Analysis By Component Market 2023-2030 ($M)1.1 Software Market 2023-2030 ($M) - Global Industry Research
1.2 Services Market 2023-2030 ($M) - Global Industry Research
2.Global Human Capital Management Market Analysis By Software Market 2023-2030 ($M)
2.1 Core HR Market 2023-2030 ($M) - Global Industry Research
2.2 Workforce Management Market 2023-2030 ($M) - Global Industry Research
2.3 Sourcing & Recruitment Market 2023-2030 ($M) - Global Industry Research
2.4 Applicant Tracking System Market 2023-2030 ($M) - Global Industry Research
2.5 Staffing Vendor Management Market 2023-2030 ($M) - Global Industry Research
3.Global Human Capital Management Market Analysis By Service Market 2023-2030 ($M)
3.1 Integration Market 2023-2030 ($M) - Global Industry Research
3.2 Support & Maintenance Market 2023-2030 ($M) - Global Industry Research
3.3 Consulting Market 2023-2030 ($M) - Global Industry Research
4.Global Human Capital Management Market Analysis By Deployment Model Market 2023-2030 ($M)
4.1 On-Premises Market 2023-2030 ($M) - Global Industry Research
4.2 Cloud Market 2023-2030 ($M) - Global Industry Research
5.Global Human Capital Management Market Analysis By Organization Size Market 2023-2030 ($M)
5.1 Large Enterprises Market 2023-2030 ($M) - Global Industry Research
5.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Global Industry Research
6.Global Human Capital Management Market Analysis By Vertical Market 2023-2030 ($M)
6.1 Government Market 2023-2030 ($M) - Global Industry Research
6.2 Manufacturing Market 2023-2030 ($M) - Global Industry Research
6.3 Telecom & IT Market 2023-2030 ($M) - Global Industry Research
6.4 Consumer Goods & Retail Market 2023-2030 ($M) - Global Industry Research
6.5 Healthcare & Life Sciences Market 2023-2030 ($M) - Global Industry Research
6.6 Energy & Utilities Market 2023-2030 ($M) - Global Industry Research
6.7 Transportation & Logistics Market 2023-2030 ($M) - Global Industry Research
7.Global Human Capital Management Market Analysis By Component Market 2023-2030 (Volume/Units)
7.1 Software Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Services Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Human Capital Management Market Analysis By Software Market 2023-2030 (Volume/Units)
8.1 Core HR Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Workforce Management Market 2023-2030 (Volume/Units) - Global Industry Research
8.3 Sourcing & Recruitment Market 2023-2030 (Volume/Units) - Global Industry Research
8.4 Applicant Tracking System Market 2023-2030 (Volume/Units) - Global Industry Research
8.5 Staffing Vendor Management Market 2023-2030 (Volume/Units) - Global Industry Research
9.Global Human Capital Management Market Analysis By Service Market 2023-2030 (Volume/Units)
9.1 Integration Market 2023-2030 (Volume/Units) - Global Industry Research
9.2 Support & Maintenance Market 2023-2030 (Volume/Units) - Global Industry Research
9.3 Consulting Market 2023-2030 (Volume/Units) - Global Industry Research
10.Global Human Capital Management Market Analysis By Deployment Model Market 2023-2030 (Volume/Units)
10.1 On-Premises Market 2023-2030 (Volume/Units) - Global Industry Research
10.2 Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
11.Global Human Capital Management Market Analysis By Organization Size Market 2023-2030 (Volume/Units)
11.1 Large Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
11.2 Small & Medium-Sized Enterprises Market 2023-2030 (Volume/Units) - Global Industry Research
12.Global Human Capital Management Market Analysis By Vertical Market 2023-2030 (Volume/Units)
12.1 Government Market 2023-2030 (Volume/Units) - Global Industry Research
12.2 Manufacturing Market 2023-2030 (Volume/Units) - Global Industry Research
12.3 Telecom & IT Market 2023-2030 (Volume/Units) - Global Industry Research
12.4 Consumer Goods & Retail Market 2023-2030 (Volume/Units) - Global Industry Research
12.5 Healthcare & Life Sciences Market 2023-2030 (Volume/Units) - Global Industry Research
12.6 Energy & Utilities Market 2023-2030 (Volume/Units) - Global Industry Research
12.7 Transportation & Logistics Market 2023-2030 (Volume/Units) - Global Industry Research
13.North America Human Capital Management Market Analysis By Component Market 2023-2030 ($M)
13.1 Software Market 2023-2030 ($M) - Regional Industry Research
13.2 Services Market 2023-2030 ($M) - Regional Industry Research
14.North America Human Capital Management Market Analysis By Software Market 2023-2030 ($M)
14.1 Core HR Market 2023-2030 ($M) - Regional Industry Research
14.2 Workforce Management Market 2023-2030 ($M) - Regional Industry Research
14.3 Sourcing & Recruitment Market 2023-2030 ($M) - Regional Industry Research
14.4 Applicant Tracking System Market 2023-2030 ($M) - Regional Industry Research
14.5 Staffing Vendor Management Market 2023-2030 ($M) - Regional Industry Research
15.North America Human Capital Management Market Analysis By Service Market 2023-2030 ($M)
15.1 Integration Market 2023-2030 ($M) - Regional Industry Research
15.2 Support & Maintenance Market 2023-2030 ($M) - Regional Industry Research
15.3 Consulting Market 2023-2030 ($M) - Regional Industry Research
16.North America Human Capital Management Market Analysis By Deployment Model Market 2023-2030 ($M)
16.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
16.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
17.North America Human Capital Management Market Analysis By Organization Size Market 2023-2030 ($M)
17.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
17.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
18.North America Human Capital Management Market Analysis By Vertical Market 2023-2030 ($M)
18.1 Government Market 2023-2030 ($M) - Regional Industry Research
18.2 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
18.3 Telecom & IT Market 2023-2030 ($M) - Regional Industry Research
18.4 Consumer Goods & Retail Market 2023-2030 ($M) - Regional Industry Research
18.5 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
18.6 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
18.7 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
19.South America Human Capital Management Market Analysis By Component Market 2023-2030 ($M)
19.1 Software Market 2023-2030 ($M) - Regional Industry Research
19.2 Services Market 2023-2030 ($M) - Regional Industry Research
20.South America Human Capital Management Market Analysis By Software Market 2023-2030 ($M)
20.1 Core HR Market 2023-2030 ($M) - Regional Industry Research
20.2 Workforce Management Market 2023-2030 ($M) - Regional Industry Research
20.3 Sourcing & Recruitment Market 2023-2030 ($M) - Regional Industry Research
20.4 Applicant Tracking System Market 2023-2030 ($M) - Regional Industry Research
20.5 Staffing Vendor Management Market 2023-2030 ($M) - Regional Industry Research
21.South America Human Capital Management Market Analysis By Service Market 2023-2030 ($M)
21.1 Integration Market 2023-2030 ($M) - Regional Industry Research
21.2 Support & Maintenance Market 2023-2030 ($M) - Regional Industry Research
21.3 Consulting Market 2023-2030 ($M) - Regional Industry Research
22.South America Human Capital Management Market Analysis By Deployment Model Market 2023-2030 ($M)
22.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
22.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
23.South America Human Capital Management Market Analysis By Organization Size Market 2023-2030 ($M)
23.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
23.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
24.South America Human Capital Management Market Analysis By Vertical Market 2023-2030 ($M)
24.1 Government Market 2023-2030 ($M) - Regional Industry Research
24.2 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
24.3 Telecom & IT Market 2023-2030 ($M) - Regional Industry Research
24.4 Consumer Goods & Retail Market 2023-2030 ($M) - Regional Industry Research
24.5 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
24.6 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
24.7 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
25.Europe Human Capital Management Market Analysis By Component Market 2023-2030 ($M)
25.1 Software Market 2023-2030 ($M) - Regional Industry Research
25.2 Services Market 2023-2030 ($M) - Regional Industry Research
26.Europe Human Capital Management Market Analysis By Software Market 2023-2030 ($M)
26.1 Core HR Market 2023-2030 ($M) - Regional Industry Research
26.2 Workforce Management Market 2023-2030 ($M) - Regional Industry Research
26.3 Sourcing & Recruitment Market 2023-2030 ($M) - Regional Industry Research
26.4 Applicant Tracking System Market 2023-2030 ($M) - Regional Industry Research
26.5 Staffing Vendor Management Market 2023-2030 ($M) - Regional Industry Research
27.Europe Human Capital Management Market Analysis By Service Market 2023-2030 ($M)
27.1 Integration Market 2023-2030 ($M) - Regional Industry Research
27.2 Support & Maintenance Market 2023-2030 ($M) - Regional Industry Research
27.3 Consulting Market 2023-2030 ($M) - Regional Industry Research
28.Europe Human Capital Management Market Analysis By Deployment Model Market 2023-2030 ($M)
28.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
28.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
29.Europe Human Capital Management Market Analysis By Organization Size Market 2023-2030 ($M)
29.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
29.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
30.Europe Human Capital Management Market Analysis By Vertical Market 2023-2030 ($M)
30.1 Government Market 2023-2030 ($M) - Regional Industry Research
30.2 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
30.3 Telecom & IT Market 2023-2030 ($M) - Regional Industry Research
30.4 Consumer Goods & Retail Market 2023-2030 ($M) - Regional Industry Research
30.5 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
30.6 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
30.7 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
31.APAC Human Capital Management Market Analysis By Component Market 2023-2030 ($M)
31.1 Software Market 2023-2030 ($M) - Regional Industry Research
31.2 Services Market 2023-2030 ($M) - Regional Industry Research
32.APAC Human Capital Management Market Analysis By Software Market 2023-2030 ($M)
32.1 Core HR Market 2023-2030 ($M) - Regional Industry Research
32.2 Workforce Management Market 2023-2030 ($M) - Regional Industry Research
32.3 Sourcing & Recruitment Market 2023-2030 ($M) - Regional Industry Research
32.4 Applicant Tracking System Market 2023-2030 ($M) - Regional Industry Research
32.5 Staffing Vendor Management Market 2023-2030 ($M) - Regional Industry Research
33.APAC Human Capital Management Market Analysis By Service Market 2023-2030 ($M)
33.1 Integration Market 2023-2030 ($M) - Regional Industry Research
33.2 Support & Maintenance Market 2023-2030 ($M) - Regional Industry Research
33.3 Consulting Market 2023-2030 ($M) - Regional Industry Research
34.APAC Human Capital Management Market Analysis By Deployment Model Market 2023-2030 ($M)
34.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
34.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
35.APAC Human Capital Management Market Analysis By Organization Size Market 2023-2030 ($M)
35.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
35.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
36.APAC Human Capital Management Market Analysis By Vertical Market 2023-2030 ($M)
36.1 Government Market 2023-2030 ($M) - Regional Industry Research
36.2 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
36.3 Telecom & IT Market 2023-2030 ($M) - Regional Industry Research
36.4 Consumer Goods & Retail Market 2023-2030 ($M) - Regional Industry Research
36.5 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
36.6 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
36.7 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
37.MENA Human Capital Management Market Analysis By Component Market 2023-2030 ($M)
37.1 Software Market 2023-2030 ($M) - Regional Industry Research
37.2 Services Market 2023-2030 ($M) - Regional Industry Research
38.MENA Human Capital Management Market Analysis By Software Market 2023-2030 ($M)
38.1 Core HR Market 2023-2030 ($M) - Regional Industry Research
38.2 Workforce Management Market 2023-2030 ($M) - Regional Industry Research
38.3 Sourcing & Recruitment Market 2023-2030 ($M) - Regional Industry Research
38.4 Applicant Tracking System Market 2023-2030 ($M) - Regional Industry Research
38.5 Staffing Vendor Management Market 2023-2030 ($M) - Regional Industry Research
39.MENA Human Capital Management Market Analysis By Service Market 2023-2030 ($M)
39.1 Integration Market 2023-2030 ($M) - Regional Industry Research
39.2 Support & Maintenance Market 2023-2030 ($M) - Regional Industry Research
39.3 Consulting Market 2023-2030 ($M) - Regional Industry Research
40.MENA Human Capital Management Market Analysis By Deployment Model Market 2023-2030 ($M)
40.1 On-Premises Market 2023-2030 ($M) - Regional Industry Research
40.2 Cloud Market 2023-2030 ($M) - Regional Industry Research
41.MENA Human Capital Management Market Analysis By Organization Size Market 2023-2030 ($M)
41.1 Large Enterprises Market 2023-2030 ($M) - Regional Industry Research
41.2 Small & Medium-Sized Enterprises Market 2023-2030 ($M) - Regional Industry Research
42.MENA Human Capital Management Market Analysis By Vertical Market 2023-2030 ($M)
42.1 Government Market 2023-2030 ($M) - Regional Industry Research
42.2 Manufacturing Market 2023-2030 ($M) - Regional Industry Research
42.3 Telecom & IT Market 2023-2030 ($M) - Regional Industry Research
42.4 Consumer Goods & Retail Market 2023-2030 ($M) - Regional Industry Research
42.5 Healthcare & Life Sciences Market 2023-2030 ($M) - Regional Industry Research
42.6 Energy & Utilities Market 2023-2030 ($M) - Regional Industry Research
42.7 Transportation & Logistics Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Human Capital Management Market Revenue, 2023-2030 ($M)2.Canada Human Capital Management Market Revenue, 2023-2030 ($M)
3.Mexico Human Capital Management Market Revenue, 2023-2030 ($M)
4.Brazil Human Capital Management Market Revenue, 2023-2030 ($M)
5.Argentina Human Capital Management Market Revenue, 2023-2030 ($M)
6.Peru Human Capital Management Market Revenue, 2023-2030 ($M)
7.Colombia Human Capital Management Market Revenue, 2023-2030 ($M)
8.Chile Human Capital Management Market Revenue, 2023-2030 ($M)
9.Rest of South America Human Capital Management Market Revenue, 2023-2030 ($M)
10.UK Human Capital Management Market Revenue, 2023-2030 ($M)
11.Germany Human Capital Management Market Revenue, 2023-2030 ($M)
12.France Human Capital Management Market Revenue, 2023-2030 ($M)
13.Italy Human Capital Management Market Revenue, 2023-2030 ($M)
14.Spain Human Capital Management Market Revenue, 2023-2030 ($M)
15.Rest of Europe Human Capital Management Market Revenue, 2023-2030 ($M)
16.China Human Capital Management Market Revenue, 2023-2030 ($M)
17.India Human Capital Management Market Revenue, 2023-2030 ($M)
18.Japan Human Capital Management Market Revenue, 2023-2030 ($M)
19.South Korea Human Capital Management Market Revenue, 2023-2030 ($M)
20.South Africa Human Capital Management Market Revenue, 2023-2030 ($M)
21.North America Human Capital Management By Application
22.South America Human Capital Management By Application
23.Europe Human Capital Management By Application
24.APAC Human Capital Management By Application
25.MENA Human Capital Management By Application
26.Oracle Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.SAP SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.International Business Machines Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Infor, Sales /Revenue, 2015-2018 ($Mn/$Bn)