Human Capital Management Market Share, Size, Global Driving Factors By Manufacturers, Growth Opportunities Forecast To 2030

Published: 2024-03-22
Views: 39
Author: henry7020
Published in: Business

The Human Capital Management Market was worth USD 27.05 billion in 2022 and is predicted to be worth USD 53.97 billion by 2030, growing at a CAGR of 9.02% between 2023 and 2030.

Human Capital Management (HCM) market has witnessed remarkable growth in recent years, driven by the increasing adoption of cloud-based HCM solutions across various industries. Organizations are realizing the importance of efficiently managing their workforce to stay competitive in today's dynamic business environment. Cloud-based HCM solutions offer scalability, flexibility, and cost-effectiveness, allowing companies to streamline their HR processes and enhance employee engagement.

One of the key trends shaping the HCM market is the integration of artificial intelligence (AI) and machine learning (ML) capabilities into HCM software. AI-powered HCM solutions enable organizations to automate repetitive tasks, such as resume screening and candidate sourcing, thereby saving time and resources while improving the quality of hire. ML algorithms also help in predictive analytics, enabling HR professionals to make data-driven decisions regarding talent acquisition, retention, and development..

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Covid 19 impact analysis:

The latest report is the most recent study that offers 360° coverage of the Human Capital Management industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Human Capital Management market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.

Major companies profiled in the market report include

Microsoft Corporation, SAP SE, Workday, Inc., Oracle Corporation, Sumtotal Systems, Cornerstone OnDemand, Inc., Automatic Data Processing (ADP), Inc., Ceridian HCM, Inc., Ramco Systems Ltd., Infor, Inc., Paycom Software, Inc., UKG Inc., Bamboo HR LLC, Cegid.

Research objectives:

The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Human Capital Management market.

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It has segmented the global Human Capital Management market on the basis of technology, application, end-use, and region:

By Component

l Software

l Services

By Organizational Size

l Small and Medium-sized Enterprises

l Large Enterprises

By Deployment

l Cloud

l On-premise

By End-use Industry

l IT & Telecommunication

l BFSI

l Government

l Retail

l Healthcare

l Education

l Manufacturing

Others

Key Objectives of the Global Human Capital Management Market Report:

·The report conducts a comparative assessment of the leading market players participating in the global Human Capital Management market.

·The report marks the notable developments that have recently taken place in the Human Capital Management industry

·It details on the strategic initiatives undertaken by the market competitors for business expansion.

·It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Human Capital Management market value chain.

·The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market

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