HCM solutions refer to application and services, which help organizations to manage and maintain their workforce efficiently
One trend in the market is emergence of cloud-computing services. The emergence of cloud-computing services is identified to be one of the key trends driving the growth of the human capital management (HCM) solutions market. Organizations are steadily demanding for cloud storage for storing critical information at cheap rates, while enabling the central administration to control the resources and HR activities.
One driver in the market is demand for automated recruitment processes. The growing demand for automated recruitment processes to be one of the primary growth factors for the human capital management (HCM) solutions market. The software shortlists candidates, sends interview invitations, and confirms interview slots, and reduces the overall time, effort, and cost of the process.
The Americas is the major revenue contributor to the HR management system throughout the forecast period. The market witnesses’ steady growth in the region due to growing demand for unified solutions for all HR functions.
In 2018, the global Human Capital Management (HCM) market size was 12600 million US$ and it is expected to reach 22600 million US$ by the end of 2025, with a CAGR of 7.6% during 2019-2025.
This report focuses on the global Human Capital Management (HCM) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Human Capital Management (HCM) development in United States, Europe and China.
The key players covered in this study
Market segment by Type, the product can be split into
Market segment by Application, split into
IT & Telecommunication
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Human Capital Management (HCM) status, future forecast, growth opportunity, key market and key players.
To present the Human Capital Management (HCM) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Human Capital Management (HCM) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.