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Global Human Capital Management (HCM) Market Growth (Status and Outlook) 2024-2030

Global Human Capital Management (HCM) Market Growth (Status and Outlook) 2024-2030

Product Code:789244

Published Date: Jan 02,2024

Pages: 153

Region: Global

Category: Service & Software

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According to our LPI (LP Information) latest study, the global Human Capital Management (HCM) market size was valued at US$ 16020 million in 2023. With growing demand in downstream market, the Human Capital Management (HCM) is forecast to a readjusted size of US$ 20470 million by 2030 with a CAGR of 3.6% during review period. 
The research report highlights the growth potential of the global Human Capital Management (HCM) market.  Human Capital Management (HCM) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Human Capital Management (HCM). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Human Capital Management (HCM) market.

Human capital administration (HCM) is a set of practices related to human resource administration. These practices are centered on the organizational have to be give particular competencies and are executed in three categories: workforce procurement, workforce administration and workforce optimization.

Global Human Capital Management key players include SAP SE, Automatic Data Processing, LLC, Ultimate Software Group, Inc., etc. Global top three manufacturers hold a share about 30%.

United States is the largest market, with a share over 55%, followed by Europe, and Japan, both have a share about 30 percent. 
In terms of product, HR Core Administration is the largest segment, with a share over 47%. And in terms of application, the largest application is Retail or Wholesale, followed by Professional or Technical Services, Healthcare, Manufacturing, etc.

Key Features:
The report on Human Capital Management (HCM) market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Human Capital Management (HCM) market. It may include historical data, market segmentation by Type (e.g., Talent Acquisition, Talent Management), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Human Capital Management (HCM) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Human Capital Management (HCM) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Human Capital Management (HCM) industry. This include advancements in Human Capital Management (HCM) technology, Human Capital Management (HCM) new entrants, Human Capital Management (HCM) new investment, and other innovations that are shaping the future of Human Capital Management (HCM).

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Human Capital Management (HCM) market. It includes factors influencing customer ' purchasing decisions, preferences for Human Capital Management (HCM) product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Human Capital Management (HCM) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Human Capital Management (HCM) market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Human Capital Management (HCM) market. 
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Human Capital Management (HCM) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Human Capital Management (HCM) market.

Market Segmentation:
Human Capital Management (HCM) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Segmentation by type
    Talent Acquisition
    Talent Management
    HR Core Administration

Segmentation by application
    Healthcare
    Financial Services
    Government/Non-Profit
    Retail/Wholesale
    Professional/Technical Services
    Manufacturing

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    sAP sE
    Automatic DatAProcessing, LLC
    UltimatesoftwareGroup, Inc.
    Linkedin(Microsoft)
    OracleCorporation
    Workday
    CeridianHCM, Inc.
    Kronos, Inc.
    Infor
    IBMCorporation
    CornerstoneOnDemand
    PaycoMsoftware, Inc.
    Intuit
    sumTotal systems, LLC (skillsoft)
    Sage
    Epicor software
    Accenture
    Workforcesoftware
    Zenefits
    RamcOsystems
    EPAysystems
    Peoplestrategy, Inc.