Global Human Capital Management Market Outlook, Opportunities And Strategies – Includes Human Capital Management Market Trends
Learn about the global human capital management market through The Business Research Company, which provides information on human capital management market size, human capital management market drivers and restraints, human capital management market players, the COVID-19 impact on the human capital management market, and more.
The global human capital management market is expected to grow from $17.72 billion in 2021 to $19.99 billion in 2022 at a compound annual growth rate (CAGR) of 12.8%. The global human capital management market size is expected to grow to $28.81 billion by 2026 at a CAGR of 9.6%.
The increasing use of artificial intelligence is expected to propel the growth of the human capital management (HCM) market going forward.
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The human capital management market consists of sales of human capital management services by entities (organizations, sole traders, and partnerships) that are used to transform the traditional administrative functions of human resources (HR) departments such as recruiting, payroll, training, compensation, and performance management into opportunities to drive productivity, engagement, and business value. Human capital management refers to the set of practices an organization uses for recruiting, developing, managing, and optimizing employees to increase their value to the company.
Global Human Capital Management Market Segments Include:
By Type: Talent Acquisition, Talent Management, HR Core Administration
By Component: Software, Services
By Deployment: Hosted, On-Premise
By Enterprise Size: Large Enterprise, Small and Medium Enterprise (SME)
By Industry: IT and Telecommunication, Retail, BFSI, Healthcare, Hospitality, Government, Manufacturing, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global human capital management market in 2021.
New product innovation is the key trend gaining popularity in the human capital management (HCM) market. Many companies operating in the human capital management sector are looking for new product developments to strengthen their position.
Major Market Players: SAP SE, Ultimate Software Group Inc., Microsoft Corporation, Oracle Corporation, Workday Inc, Ceridian HCM, Kronos Incorporated, Infor, IBM Corporation, Automatic Data Processing LLC, Cornerstone OnDemand Inc, SumTotal Systems Inc, Cezanne HR Ltd, TalentSoft SA, NetSuite Inc., Mercer LLC, Epicor Software Corporation, BambooHR, and Benefitfocus Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Human Capital Management Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides human capital management market overviews, analyzes and forecasts market size, share, human capital management market players, human capital management market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s human capital management market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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