HCM has come to be nearly synonymous with the human resources (HR) function in organizations. In HR technology, the comprehensive software systems for managing HR processes differ little from HCM suites. For example, the functions of most human resource information systems (HRIS) are often the same as HCM systems. However, some observers use HCM in a narrow sense to denote just the labor-scheduling and time-tracking functions of HR.
The global human capital management software market is showing immense growth; mainly due to the increase in complexities regarding managing of work force that is widely spread across different countries. Increasing demand for talent mobility and simplified management of geographically spread workforce are major factor driving the growth of human capital management market. Also, growing demand for mobile human capital management applications is another major factor driving the growth of human capital management software market.
In 2018, the global Human Capital Management Software market size was 13600 million US$ and it is expected to reach 25200 million US$ by the end of 2025, with a CAGR of 8.0% during 2019-2025.
This report focuses on the global Human Capital Management Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Human Capital Management Software development in United States, Europe and China.
The key players covered in this study
SAP Success Factors
Market segment by Type, the product can be split into
Comprises of Core HR
Sourcing & Recruiting
Applicant Tracking System
Staffing Vendor Management
Market segment by Application, split into
Small and Medium Sized Hospitals
Large Sized Hospitals
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Human Capital Management Software status, future forecast, growth opportunity, key market and key players.
To present the Human Capital Management Software 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 Software 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.