Stratistics MRC’s Global Human Capital Management Market value is expected to reach $50.46 billion growing at a CAGR of 9.5% during 2023-2030.
Human capital management (HCM) is a group of HR policies, procedures, and methods used to find, hire, retain, develop, and manage employees in order to meet organizational objectives. Moreover, it includes duties related to human resources, pay, and a company’s primary goal. In order to run reports, process data, and provide a seamless end-user experience, these solutions are implemented using cloud-based and mobile technology.
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Due to its rapid industrialization, growing tech-savvy workforce, and increased efforts to digitalize various industries, Asia-Pacific emerges as the region with the highest CAGR in the Human Capital Management (HCM) market during the forecast period. Furthermore, Asia-Pacific is poised to experience significant growth and transformation in the HCM market over the coming years due to the region’s dynamic economies and growing emphasis on talent management, workforce optimization, and HR automation.
Some of the key players in Human Capital Management (HCM) market include IBM Corporation, Bamboo HR LLC, Ramco Systems Ltd., NetSuite Inc., Zoho Corporation, SAP SE, ADP, LLC, Kronos, Inc., Epicor Software Corporation, SumTotal Systems, LLC, Workday, Inc., Cornerstone OnDemand, Inc., Ultimate Software Group, Inc., Paycom Software, Inc., Microsoft Corporation, The Sage Group plc., Oracle Corporation, Benefitfocus Inc., Ceridian HCM, Inc. and Infor, Inc.
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Key Developments:
In August 2023, Savex Technologies announced its partnership with Zoho Corporation, a leading global technology company. This alliance gives Savex Technologies’ extensive community of over 10,000 reseller partners access to Zoho’s industry-leading cloud solutions for business email, team collaboration, and customer engagement.
In June 2023, IBM announced that it has entered into a definitive agreement with Vista Equity Partners to acquire Apptio Inc., a leader in financial and operational IT management and optimization software, for $4.6 billion. The acquisition of Apptio will accelerate the advancement of IBM’s IT automation capabilities and enable enterprise leaders to deliver enhanced business value across technology investments.
In September 2022, Workday announced a next generation of open and connected skill ecosystem to allow organizations to easily and securely move skill data within and outside the enterprise. With this functionality companies will gain deeper insights on people skills and deliver improved employee experiences.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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