Human Capital Management Market Analysis, Latest Trends and Regional Growth During 2030
The term HCM can refer both to a business strategy and a set of modern IT applications and other technologies that are used to implement that strategy.
PORTLAND , PORTLAND, OR, UNITED STATE, July 25, 2022 /EINPresswire.com/ — According to the report, the global human capital management industry was pegged at $17.43 billion in 2020, and is expected to reach $42.13 billion by 2030, growing at a CAGR of 9.6% from 2021 to 2030.
Drivers, restraints, and opportunities
Rise in the cloud-based HRM software inclination due to work from home policies and increase in need for streamline HR operations and unified HR suite have boosted the growth of the global human capital management market. However, surge in privacy concerns and data security related to implementation of cloud-based deployment of HCM impede the market growth. On the contrary, rise in adoption of digital HR technology and workforce analytics solutions is expected to open new opportunities for the market players in the future.
Download Sample Report (Get Full Insights in PDF – 277 Pages) at: https://www.alliedmarketresearch.com/request-sample/2482
The global human capital management market is segmented on the basis of component, deployment type, industry verticals, and geography. On the basis of component, the market is divided into software and services. The services segment held major market share in 2016, accounting for the highest share in the market. Conversely, the managed services segment is anticipated to witness the highest growth rate in between 2017 to 2023.
Based on region, the market is analyzed across Asia-Pacific, Europe, LAMEA, and North America. The region across North America dominated the global human capital management market in 2016, with the highest revenue contribution. In addition, the region is anticipated to maintain its dominance throughout the forecast period. On contrary, the Asia-Pacific region is anticipated to witness a fastest growth rate during the forecast period.
LIMITED-TIME OFFER – Buy Now & Get Exclusive Discount on this Report
COVID-19 Scenario-
• The novel coronavirus outbreak has not severely impacted the industry. Surge in adoption of remote working system due to lockdown measures has fueled the demand for digitalized human capital management system.
• In addition, increase in need to restructure HR operations for the transformed working environment has further augmented the market growth.
Major market players
• Epicor Software Corporation
• ADP, Inc.
• Sumtotal Systems, LLC
• UKG Inc.
• IBM Corporation
• Kronos Incorporated
• Cornerstone
• SAP SE
• Infor
• Oracle
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/2482
Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Other Trending Report:
1. Catalog Management Systems Market – https://www.alliedmarketresearch.com/catalog-management-systems-market-A12911
2. Cloud Database Security Market – https://www.alliedmarketresearch.com/cloud-database-security-market
3. Healthcare API Market – https://www.alliedmarketresearch.com/healthcare-API-market
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Wi
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300n Sivers Drive
#205, Portland, OR 97220
United States
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
David Correa
Allied Analytics LLP
800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
