Human Capital Management (HCM) Market, Global Outlook and Forecast 2023-2032
Human capital administration (HCM) is a set of practices related to human resource administration. These practices are centered on the organizational have to be give particular competencies and are executed in three categories: workforce procurement, workforce administration and workforce optimization.
This report aims to provide a comprehensive presentation of the global market for Human Capital Management (HCM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Human Capital Management (HCM). This report contains market size and forecasts of Human Capital Management (HCM) in global, including the following market information:
Global Human Capital Management (HCM) Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Human Capital Management (HCM) market was valued at US$ 16850 million in 2022 and is projected to reach US$ 21130 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Human Capital Management key players include SAP SE, Automatic Data Processing, LLC, Ultimate Software Group, Inc., etc. Global top three manufacturers hold a share about 30%.
United States is the largest market, with a share over 55%, followed by Europe, and Japan, both have a share about 30 percent.
In terms of product, HR Core Administration is the largest segment, with a share over 47%. And in terms of application, the largest application is Retail or Wholesale, followed by Professional or Technical Services, Healthcare, Manufacturing, etc.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Human Capital Management (HCM) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Human Capital Management (HCM) Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Human Capital Management (HCM) Market Segment Percentages, by Type, 2022 (%)
Talent Acquisition
Talent Management
HR Core Administration
Global Human Capital Management (HCM) Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Human Capital Management (HCM) Market Segment Percentages, by Application, 2022 (%)
Healthcare
Financial Services
Government/Non-Profit
Retail/Wholesale
Professional/Technical Services
Manufacturing
Global Human Capital Management (HCM) Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Human Capital Management (HCM) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Human Capital Management (HCM) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Human Capital Management (HCM) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
sAP sE
Automatic DatAProcessing, LLC
UltimatesoftwareGroup, Inc.
Linkedin(Microsoft)
OracleCorporation
Workday
CeridianHCM, Inc.
Kronos, Inc.
Infor
IBMCorporation
CornerstoneOnDemand
PaycoMsoftware, Inc.
Intuit
sumTotal systems, LLC (skillsoft)
Sage
Epicor software
Accenture
Workforcesoftware
Zenefits
RamcOsystems
EPAysystems
Peoplestrategy, Inc.
Outline of Major Chapters:
Chapter 1: Introduces the definition of Human Capital Management (HCM), market overview.
Chapter 2: Global Human Capital Management (HCM) market size in revenue.
Chapter 3: Detailed analysis of Human Capital Management (HCM) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Human Capital Management (HCM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
