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Research Reports

Human Capital Management Market 2021: Overview, Size, Share, Analysis and Forecast 2026

Published by IMARC Services Private Limited

Posted on September 6, 2021

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The Human Capital Management Marketis expected to grow at a CAGR of around 11% during 2021-2026. The report provides a detailed analysis of the market by Component, Deployment Type, Industry Verticals, Region.

Report Metric

Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026

Download free sample of the report: https://www.imarcgroup.com/human-capital-management-market/requestsample

Industry Definition and Application:

Human capital management (HCM) stands for a set of practices that are utilized for recruiting, assessing, optimizing, developing, and improving the value of employees within an organization. It covers various core administrative and strategic processes, including payroll, training, compliance, onboarding, workforce planning, performance management, etc. Human capital management comprises of several components, such as benefits administration, time and attendance, workflow management, reporting and analytics, employee service and self-service, retirement services, etc. Numerous organizations are employing HCM solutions as they offer specific competencies to manage employees effectively while enhancing the overall productivity.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends and Drivers:

The increasing digitization of business processes is primarily driving the global human capital management market. Moreover, the expanding e-commerce industry, where customer engagement and retention are critical, is also catalyzing the product demand. Apart from this, shifting preferences towards online platforms for ordering essential items owing to the sudden outbreak of the COVID-19 pandemic are augmenting the HCM market. Additionally, numerous leading companies are providing HCM services over cloud-based platforms by using Software-as-a-Service (SaaS) delivery model. In the coming years, the rising focus on creating an agile workplace, which assists in analyzing thousands of suitable resumes and ensuring staff coordination, is expected to fuel the human capital management market across the globe.

Browse full report with TOC: https://www.imarcgroup.com/human-capital-management-market

Human Capital Management Market Segmentation:

The report has segmented the market on the basis of Component, Deployment Type, Industry Verticals, Region.

Breakup by Component:

Software

Core HR
Recruiting
Workforce Management
Compensation and Payroll
Others

Service

Managed Service
Professional

Breakup by Deployment Type:

Cloud-based
On-premises

Breakup by Industry Verticals:

BFSI
Retail
IT and Telecommunication
Healthcare
Hospitality
Government
Manufacturing
Others

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

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Who are the Major Human Capital Management Market Key players?

The report provides a detailed analysis of Human Capital Management Marketleaders, including.

Automatic Data Processing Inc., Ceridian HCM Inc., Infor Inc. (Koch Industries Inc.), International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, PeopleFluent Inc. (Learning Technologies Group plc), Ramco Systems Limited, SAP SE, SumTotal Systems LLC (Skillsoft Limited), UKG Inc. and Workday Inc.

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