The human capital management (HCM) software, an enterprise application solution has been the need across all the enterprises as they automate the cumbersome clerical tasks related to employee data, payroll, and benefits administration. However, the growth of the HCM software market in the recent time is due to the huge opportunities arising from the growing SMEs across regions.
MARKET SCOPE
The "Global Human Capital Management Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the human capital management market with detailed market segmentation by component, deployment model, enterprise size, end user, and geography. The report provides key statistics on the market status of the leading human capital management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global human capital management market is segmented into solution, services
- On the basis of deployment model, the market is segmented into cloud, on-premises
- Based on enterprise size, the market is bifurcated into SMES, large enterprises
- Based on end user, the market is bifurcated into BFSI, IT and telecom, transportation and logistics, government, retail, healthcare, hospitality, others
MARKET DYNAMICS
Drivers:
- Integration of AI and ML in HCM suites.
- Need for reducing HR-related costs fueling the market demand.
Restraints
- Security concerns over cloud-based deployment
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The human capital management market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the human capital management market in these regions.
IMPACT OF COVID-19 ON HUMAN CAPITAL MANAGEMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the human capital management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from human capital management market are anticipated to lucrative growth opportunities in the future with the rising demand for human capital management in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the human capital management market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ADP LLC
- Cornerstone OnDemand
- Epicor Software Corporation
- IBM Corporation
- Infor
- Kronos, Inc.
- Oracle Corporation
- Sage Group plc
- SAP SE
- Workday, Inc.
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.