DUBLIN--(BUSINESS WIRE)--The "Human Capital Management Market by Software (Core HR, Applicant Tracking System, HR Analytics, Workforce Management), Service, Deployment Type (cloud and on-premises), Organization Size, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Increasing government regulations and growing need to monitor entire employee lifecycle are the major factors that will drive the adoption of HCM solutions across enterprises
The integration of emerging technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), with HCM solutions, is expected to be one of the strongest factors for HCM solution and services adoption across regions.
Cloud deployment type is expected to grow at a higher CAGR during the forecast period
Majority of HCM solutions are expected to be deployed in the cloud, and so cloud-based deployment will outperform the on-premises deployment and will have a higher CAGR during the forecast period. Enterprises are moving toward cloud-based deployment to minimize operational costs and achieve greater ease in sharing data with multiple parties.
BFSI industry vertical to hold the highest market share in 2019
The Banking, Financial Services, and Insurance (BFSI) vertical is one of the early adopters of HCM solutions to effectively manage the entire lifecycle of employees. The same trend is expected to be there in the coming years, and the vertical is expected to adopt HCM solutions to manage internal as well as external employees. BFSI enterprises deal with a diverse workforce from office employees, contingent workforce, third-party workforce, and others. As the vertical needs to manage these workforces and comply with government regulations, the vertical will have the highest adoption of HCM solutions and services.
APAC to grow at the highest CAGR during the forecast period
The Asia Pacific (APAC) region is expected to be the top adopter of HCM solutions where the vertical will have the highest growth rate during the forecast period. The APAC region has huge potential in terms of adoption due to the presence of countries such as India, China, and Japan, growing workforce, and huge number of small and medium enterprises. Small and medium enterprises are expected to have high adoption of HCM solutions in the next 5 years due to the rising demand by these enterprises to manage their workforce.
Key benefits of the report
- The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall HCM market and the subsegments.
- This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies.
- The report would help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Competitive Leadership Mapping Research Methodology
2.5 Research Assumptions and Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Human Capital Management Market
4.2 Market By Vertical and Region
4.3 Market By Deployment Type
4.4 Market By Component
4.5 Market By Organization Size
4.6 Market Potential
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Innovation Spotlight
5.3 Market Dynamics
5.4 Industry Trends
6 Human Capital Management Market By Component
6.1 Introduction
6.2 Software
6.3 Services
7 Market By Software
7.1 Introduction
7.2 Core HR
7.3 Applicant Tracking System
7.4 HR Analytics
7.5 Workforce Management
8 Human Capital Management Market By Service
8.1 Introduction
8.2 Integration and Implementation
8.3 Support and Maintenance
8.4 Consulting
9 Market By Deployment Model
9.1 Introduction
9.2 On-Premises
9.3 Cloud
10 Market By Organization Size
10.1 Introduction
10.2 Large Enterprises
10.3 Small and Medium-Sized Enterprises
11 Market By Vertical
11.1 Introduction
11.2 Banking, Financial Services, and Insurance
11.3 Government
11.4 Manufacturing
11.5 Telecom and IT
11.6 Consumer Goods and Retail
11.7 Healthcare and Life Sciences
11.8 Energy and Utilities
11.9 Transportation and Logistics
11.10 Others
12 Human Capital Management Market By Region
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 Middle East and Africa
12.6 Latin America
13 Competitive Landscape
13.1 Competitive Leadership Mapping
14 Company Profiles
14.1 Introduction
14.2 Workday
14.3 Oracle
14.4 ADP
14.5 SAP
14.6 Microsoft
14.7 IBM
14.8 Ultimate Software
14.9 Ceridian
14.10 SumTotal
14.11 Kronos
14.12 Talentsoft
14.13 Employwise
14.14 People strategy
14.15 Infor
14.16 Cornerstone OnDemand
14.17 Meta4
14.18 Ramco Systems
14.19 BambooHr
14.20 Namely
14.21 Workforce Software
For more information about this report visit https://www.researchandmarkets.com/r/wsqocc
