Human Capital Management Market Report 2021: Size, Share, Growth and Forecast 2025
NEW YORK, Sept. 23, 2021 /PRNewswire/ -- The global human capital management solutions market size is expected to grow by USD 12.16 billion during 2021-2025, progressing at a CAGR of about 10.57% during the forecast period.
The demand for automated recruitment processes is one of the major factors propelling market growth. However, factors such as threat from open-source software may hamper human capital management market growth.
Advances in technology have made human capital management capable of automating recruitment processes, which is one of the major drivers for the human capital management software market. The adoption of human capital management software automates and streamlines the entire hiring process. The software shortlists candidates according to the profile, sends interview invitations, and confirms interview slots. This process reduces the overall time, effort, and cost of the process and increases the chances of recruiting the right candidates. Many companies are using human capital management for their recruitment processes since they are more profitable.
Global Human Capital Management Market: Application Segment The Human Capital Management Market share growth by the core HR segment will be significant during the forecast period. Core HR functions include employee recruitment, employee training, payroll, scheduling, benefits administration, internal relations, and safety and compliance. Core HR applications under human capital management include basic HR responsibilities and are expected to grow rapidly during the forecast period. Adoption of digital technologies in organizations, coupled with the need for cost reduction and efficient workforce management, will also increase the demand for human capital management software for core HR applications during the forecast period.
Global Human Capital Management Market: Geographic Landscape 34% of the market's growth will originate from North America during the forecast period. The US is a key market for human capital management in North America. Market growth in this region will be faster than the growth of the market in MEA.
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Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2020, 2021, till 2025
Market trends (drivers, 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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Human Capital Management Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist in human capital management software market growth during the next five years
Estimation of the human capital management software market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the human capital management market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of human capital management market, vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application
Core HR - Market size and forecast 2020-2025
Talent - Market size and forecast 2020-2025
Workforce - Market size and forecast 2020-2025
Market opportunity by Application
Customer landscape
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Automatic Data Processing Inc.
Ceridian HCM Holding Inc.
Infor Inc.
Kronos Inc.
Oracle Corp.
Ramco Systems Ltd.
SAP SE
Talentia Software Group
UKG Inc.
Workday Inc.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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