Human capital management software offers solutions to streamline human resource functions, which includes the management of employee profile, time & attendance, payroll & compensation, benefits & perks, training & development, and workforce analytics. The continued digitization and automation of HR operations to create effective and agile reskilling strategies is expected to drive the growth of the market.
MARKET DYNAMICS
Integration of AI and ML in HCM suite is driving the growth of the human capital management software market. However, the concerns regarding security threats may restrain the growth of the human capital management software market. Furthermore, the rising adoption of cloud-based software solutions is anticipated to create market opportunity for the human capital management software market during the forecast period.
MARKET SCOPE
The "Global Human Capital Management Software Market Analysis To 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The human capital management software market report aims to provide an overview of the human capital management software market with detailed market segmentation by solution, deployment, and geography. The global human capital management software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading human capital management software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global human capital management software market is segmented on the basis of solution and deployment. Based on solution, the human capital management software market is segmented into: payroll management, talent management, and workforce management. On the basis of deployment, the human capital management software market is segmented into: on-premise and cloud based.
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 human capital management software market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The human capital management software market by each region is later sub-segmented by respective countries and segments. The human capital management software market 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 human capital management software market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the human capital management software market in these regions.
MARKET PLAYERS
The reports cover key developments in the human capital management software 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from human capital management software market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the human capital management software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the human capital management software 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.
- Ceridian HCM Holding Inc.
- IBM Corporation
- Infor
- Kronos Incorporated
- Oracle Corporation
- SAP SE
- Sumtotal Systems, LLC
- Talentia Software
- Ultimate Software Group, Inc.
- Workday, Inc.