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Human Capital Management Market by Software, Services, Deployment Type, Organization Size, and Region - Global Forecast to 2022

Human Capital Management Market: Global Forecast until 2022

  • June 2017
  • 141 pages
  • ID: 4977710
In this report:
The consumer goods and retail vertical is expected to grow at the highest CAGR of ##.##% to reach a market size of USD ##.## million by 2022.
Meanwhile, the consumer goods and retail vertical is expected to grow at the highest CAGR of ##.##% to reach a market size of USD ##.## million by 2022.


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The simplified management of geographically spread workforce, the increasing demand for mobile Human Capital Management applications, and the growing demand for talent mobility are driving the HCM market

The HCM market size is forecasted to grow from ~$14.5B in 2017 to ~$22.5B by 2022, at an estimated Compound Annual Increase rate of 9.20 percent. The HCM market is influenced by factors, including the increased adoption of mobile devices and the growing demand for talent mobility in the institutions. Institutions are resistant to change the traditional approaches or adopt new solutions, which is anticipated to hinder the market increase during the estimate period.

The Core HR segment is intended to hold the main market share during the outlook period

The core HR segment is forecasted to hold the largest part of market share during the estimate period. The core HR software is a very basic requirement for any organization to administer its employee for functions, including payroll and compensation management, profits and claims management, personnel management, learning management, pension management, compliance management, and succession planning. The solutions benefits 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 sector is very competitive with many emerging actors who offer niche and differentiated solutions, targeting a particular set of customers.

The Small and Medium-Sized Enterprises segment for HCM is anticipated to rise at the highest CAGR (Compound annual growth rate) during the outlook period

The SMEs segment is anticipated to grow at the highest compound annual growth rate (CAGR) in the HCM market during the estimate period. The increased competitive market scenario has prompted the SMEs to invest in this business software and adopt the go-to-market strategies, to make efficient decisions for their business increase. More than larger enterprises, SMEs face a resource crunch and require better methods to solve the complexities for better cost optimization on their assets and requirements.

Asia Pacific (APAC) is anticipated to witness a high increase potential during the outlook period

North America (NA) maintains the biggest market share in 2017, while Asia-Pacific is the quickest-increasing area in terms of Compound annual growth rate. The HCM market is evolving globally with the introduction of new software and better analytics, which enhance HCM applications' feature. The study shows that the spending on HCM software and services is growing due to the changing work dynamics, technological improvements, and the growth in cloud and mobile usage.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the top people. The distribution of profiles of primary members taking part is given below as:

• By Company category: Tier 1 - 45.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 20.0 percent

• By Description: C-suite - 72.0 percent, D-level - 17.0 percent, and Grade of manager - 11.0 percent

• By Area: North America continent - 45.0 percent, Europe (EU) - 20.0 percent, Asia-Pac - 30.0 percent, and Rest of the globe - 5.0 percent

The HCM ecosystem comprises main vendors, including Workday, Incorporated, Oracle (NASDAQ:ORCL), SAP SE (SAP), Kronos, Incorporated, Automatic Data Processing, Limited liability company, Ultimate Software Group, Incorporated,International Business Corporation, EmployWise, Inc., and Paycom Software, Inc..

Segment Research

The HCM market has been broken down by component, deployment type, organization size, market vertical, and area. The study is expected to benefit industry top players/new sector entrants in this industry in these ways:

The document breaks down the HCM market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments. The industry numbers were then further split across several verticals and localities.

Why acquiring this study can help you

The market research benefits the partners distinguish the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

It also benefits partners comprehend the players better and acquire additional insights to improve the position of their businesses. There is a separate division on opposing landscape, containing the competitor ecosystem, and mergers and acquisitions. Also, there are company profiles of 14 actors, who offer services in this sector. In this part, industry internals are also provided that can put the partners ahead of their players.

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