Global Human Capital Management Software Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Human Capital Management Software Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global human capital management software market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global human capital management software market report has been segmented on the basis of type, deployment type, organization size, vertical, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global human capital management software market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Human capital management includes management of employees by recruiting, training process, upgrading skillset, and utilization of knowledge to fullest that in turn benefits the organization and improves overall workflow process.
Increasing adoption of employee assessment solutions among various information technology (IT) organizations across the globe is a key factor expected to drive growth of the global human capital management software market over the forecast period. In addition, advanced features of human capital management software such as enterprise resource planning (ERP) solution and software as a service (SaaS) are expected to support growth of the target market in the near future.
Growing demand for mobile human capital management application coupled with increasing adoption of human capital management applications in smart phones by human resource department in various organizations is expected to proliferate growth of the global market during the forecast period.
In addition, rising awareness regarding multiple solutions and services of human capital management software such as payroll management, talent management, workforce management, compliance management, automated administration, and many other solutions and services. Aforementioned are among some other factors expected to boost growth of the global human capital management software market.
Furthermore, increasing demand for human capital management automation in business processes to expand service portfolio and increase workforce productivity in various organizations across the globe is current trend in the global market.
However, rising security concerns associated with implementation of human capital management software over cloud-based deployment is a major factor restraining growth of the global human capital management software market.
On the basis of type, the software segment is expected to dominate in the global human capital management software market, owing to increasing awareness regarding multiple services offered by human capital management software in a cost-effective single package among various business organizations.
On the basis of organization size, the large enterprises segment is expected to dominate in the global market, owing to high cost bearing capability of an organization and high investments in software project development in various large scale enterprise across the globe.
Market in North America is expected to dominate in the global market, owing to high preference for talent mobility management software and increasing adoption of advanced technologies among various IT organizations in countries such as US and Canada in the region. In addition, stringent business competition, high adoption of cloud-based services, and increasing need to automate business processes among various industries is another factor expected to proliferate growth of the target market in North America region.
Market in Asia Pacific is expected to witness significant growth the global market in terms of revenue, owing to high penetration of IT management services and solutions across various organizations to achieve increased productivity by various management service offerings in countries such as India, Japan, and China in the region. Furthermore, Market in Europe is expected to witness lucrative growth opportunities followed by market in Latin America and Middle East and Africa.
Global Human Capital Management Software Market Segmentation:
Segmentation by Type:
- Human Resource Management
- Workforce Management
- Sourcing and Recruiting
- Applicant Tracking System
- Staffing Vendor Management
- Others (On-Boarding, Recruitment Marketing, Talent Management, etc.)
- Support and Maintenance
- Integration and Deployment
Segmentation by Deployment Type:
- On-Premise Deployment
- Cloud-Based Deployment
Segmentation by Organization Size:
- Large Enterprises
- Small and Medium-Sized Enterprises (SME’s)
Segmentation by Vertical:
- IT and Telecommunications
- Healthcare and Education
- Government and Utilities
- Media & Communication Services
- Banking, Financial Services and Insurance (BFSI)
- Others (Food & Beverages, Real Estate, Automotive, Retail, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- SAP SE
- Workday, Inc.
- Oracle Corporation
- Employwise, Inc.
- Ceridian HCM, Inc.
- Paycom Software, Inc.
- Automatic Data Processing, LLC
- Ultimate Software Group, Inc.
- International Business Machines Corporation (IBM)
- Sumtotal Systems, LLC (A Skillsoft Company)
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