Global Human Capital Management Market 2020-2027: Core HR, Workforce Management, Sourcing and Recruitment, Applicant Tracking, Staffing Vendor Management - ResearchAndMarkets.com
Amid the COVID-19 crisis, the global market for Human Capital Management estimated at US$16.8 Billion in the year 2020, is projected to reach a revised size of US$28.6 Billion by 2027, growing at a CAGR of 8% over the analysis period 2020-2027.
Core HR, one of the segments analyzed in the report, is projected to record a 9.2% CAGR and reach US$11.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Workforce Management segment is readjusted to a revised 7.9% CAGR for the next 7-year period.
The U. S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 12.2% CAGR
The Human Capital Management market in the U. S. is estimated at US$4.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.6 Billion by the year 2027 trailing a CAGR of 12.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 7.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.
Sourcing and Recruiting Segment to Record 7.7% CAGR
In the global Sourcing and Recruiting segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$2.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4 Billion by the year 2027, while Latin America will expand at a 9.1% CAGR through the analysis period.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Automatic Data Processing, Inc. (ADP)
Ceridian HCM, Inc.
Cornerstone OnDemand, Inc.
Employwise Inc.
IBM Corporation
Infor
Kronos, Inc.
Oracle Corporation
Paycom
Peoplestrategy, Inc.
SAP SE
SumTotal Systems LLC
Ultimate Software Group, Inc.
Workday, Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Global Competitor Market Shares
Human Capital Management Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
Human Capital Management Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
Human Capital Management Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
Human Capital Management Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
Core HR (Software) World Market by Region/Country in US$ Million: 2020 to 2027
Core HR (Software) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
Core HR (Software) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
Workforce Management (Software) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
Workforce Management (Software) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
Workforce Management (Software) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
Sourcing and Recruiting (Software) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
Sourcing and Recruiting (Software) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
Sourcing and Recruiting (Software) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
Applicant Tracking System (Software) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
Applicant Tracking System (Software) Market Historic Review by Region/Country in US$ Million: 2012 to 2019
Applicant Tracking System (Software) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
Staffing Vendor Management (Software) World Market by Region/Country in US$ Million: 2020 to 2027
Staffing Vendor Management (Software) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
Staffing Vendor Management (Software) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
Other Softwares (Software) World Market Estimates and Forecasts in US$ Million by Region/Country: 2020 to 2027
Other Softwares (Software) Market Worldwide Historic Review by Region/Country in US$ Million: 2012 to 2019
Other Softwares (Software) Market Percentage Share Distribution by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
Human Capital Management Market Share (in %) by Company: 2019 & 2025
Market Analytics
Human Capital Management Market Estimates and Projections in US$ Million by Software: 2020 to 2027
Human Capital Management Market by Software: A Historic Review in US$ Million for 2012-2019
Human Capital Management Market Share Breakdown by Software: 2012 VS 2020 VS 2027
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