Global Human Capital Management Market is Estimated to Grow from USD 16.7 Billion in 2019 to USD 26.5 Billion by 2024, at a CAGR of 9.7% -

DUBLIN--()--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'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

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900