Product Code: A02151
Human capital management (HCM) is the set of practices an organization uses for recruiting, managing, developing, and optimizing employees to increase their value to a company. The main goal of any organization is to train employees to become efficient resources. In human capital management, an organization treats its employees as a key resource that plays a key role in the its productivity. Moreover, individual development and management along with key areas of responsibility not only make employee an essential resource in the future, but also ensures 100% contribution to the organization. Furthermore, human capital management provides a process for optimizing performance and efficiency of staff of a company. It provides an overall strategy to guide talent attraction, recruitment, onboarding, employee training, development, performance appraisal, and feedback.
Advent of cloud-based HR management software has allowed HR departments to move their work schedules to the cloud while they work remotely. This is the main growth driver for the market. In addition, simplification of HR operations and increase in need for integrated HR suites are the major drivers for the market. However, data security and privacy concerns associated with implementing cloud-based HCM deployments hinder the market growth. Moreover, the need to comply with government regulations is a major restraining factor for the market growth. Conversely, increase in adoption of workforce analytics solutions and rise in adoption of digital HR technologies offer significant lucrative opportunities for the market growth.
The global human capital market is segmented on the basis of component, deployment mode, industry vertical, and region. On the basis of component, the market is segmented into solution and service. Moreover, on the basis of solution, it is segmented into HR, workforce management, recruiting, compensation & payroll, and others. Furthermore, on the basis of services, it is segmented into professional services and managed services. On the basis of deployment mode, the market is segmented into on-premise and cloud. By industry vertical, the market is segmented into BFSI, retail, healthcare, IT & telecom, government, manufacturing, hospitality, and others. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific and LAMEA.
Some of the major players in the market are ADP, INC., Cornerstone, Epicore Software Corporation, IBM Corporation, INFOR, Workday, Inc., Oracle Corporation, SAP SE, Sumtotal Systems, LLC, and UKG, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global human capital management market forecast along with the current & future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, & opportunities and their impact analysis on global human capital management market trends is provided in the report.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.
Key Market Segments
By Industry Vertical
- IT and Telecom
- Retail and E-commerce
- BFSI
- Healthcare
- Travel and Hospitality
- Government
- Manufacturing
- Others
By Component
- Solution
- Solution Type
- Core HR Solutions
- Recruitment Solutions
- Workforce Management Solutions
- Payroll and Compensation Solutions
- Others
- Service
- Service Type
- Professional Services
- Managed Services
By Deployment Mode
By Enterprise Size
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Market dynamics
- 3.4.1.Drivers
- 3.4.2.Restraints
- 3.4.3.Opportunities
- 3.5.COVID-19 Impact Analysis on the market
CHAPTER 4: HUMAN CAPITAL MANAGEMENT MARKET, BY COMPONENT
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2. Solution
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market share analysis by country
- 4.2.4 Solution Human Capital Management Market by Solution Type
- 4.3. Service
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market share analysis by country
- 4.3.4 Service Human Capital Management Market by Service Type
CHAPTER 5: HUMAN CAPITAL MANAGEMENT MARKET, BY DEPLOYMENT MODE
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2. On-premise
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market share analysis by country
- 5.3. Cloud
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market share analysis by country
CHAPTER 6: HUMAN CAPITAL MANAGEMENT MARKET, BY INDUSTRY VERTICAL
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2. IT and Telecom
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market share analysis by country
- 6.3. Retail and E-commerce
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market share analysis by country
- 6.4. BFSI
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market share analysis by country
- 6.5. Healthcare
- 6.5.1 Key market trends, growth factors and opportunities
- 6.5.2 Market size and forecast, by region
- 6.5.3 Market share analysis by country
- 6.6. Travel and Hospitality
- 6.6.1 Key market trends, growth factors and opportunities
- 6.6.2 Market size and forecast, by region
- 6.6.3 Market share analysis by country
- 6.7. Government
- 6.7.1 Key market trends, growth factors and opportunities
- 6.7.2 Market size and forecast, by region
- 6.7.3 Market share analysis by country
- 6.8. Manufacturing
- 6.8.1 Key market trends, growth factors and opportunities
- 6.8.2 Market size and forecast, by region
- 6.8.3 Market share analysis by country
- 6.9. Others
- 6.9.1 Key market trends, growth factors and opportunities
- 6.9.2 Market size and forecast, by region
- 6.9.3 Market share analysis by country
CHAPTER 7: HUMAN CAPITAL MANAGEMENT MARKET, BY ENTERPRISE SIZE
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2. Large Enterprises
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market share analysis by country
- 7.3. SMEs
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market share analysis by country
CHAPTER 8: HUMAN CAPITAL MANAGEMENT MARKET, BY REGION
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 North America
- 8.2.1 Key trends and opportunities
- 8.2.2 North America Market size and forecast, by Component
- 8.2.3 North America Market size and forecast, by Deployment Mode
- 8.2.4 North America Market size and forecast, by Industry Vertical
- 8.2.5 North America Market size and forecast, by Enterprise Size
- 8.2.6 North America Market size and forecast, by country
- 8.2.6.1 U.S.
- 8.2.6.1.1 Key market trends, growth factors and opportunities
- 8.2.6.1.2 Market size and forecast, by Component
- 8.2.6.1.3 Market size and forecast, by Deployment Mode
- 8.2.6.1.4 Market size and forecast, by Industry Vertical
- 8.2.6.1.5 Market size and forecast, by Enterprise Size
- 8.2.6.2 Canada
- 8.2.6.2.1 Key market trends, growth factors and opportunities
- 8.2.6.2.2 Market size and forecast, by Component
- 8.2.6.2.3 Market size and forecast, by Deployment Mode
- 8.2.6.2.4 Market size and forecast, by Industry Vertical
- 8.2.6.2.5 Market size and forecast, by Enterprise Size
- 8.3 Europe
- 8.3.1 Key trends and opportunities
- 8.3.2 Europe Market size and forecast, by Component
- 8.3.3 Europe Market size and forecast, by Deployment Mode
- 8.3.4 Europe Market size and forecast, by Industry Vertical
- 8.3.5 Europe Market size and forecast, by Enterprise Size
- 8.3.6 Europe Market size and forecast, by country
- 8.3.6.1 UK
- 8.3.6.1.1 Key market trends, growth factors and opportunities
- 8.3.6.1.2 Market size and forecast, by Component
- 8.3.6.1.3 Market size and forecast, by Deployment Mode
- 8.3.6.1.4 Market size and forecast, by Industry Vertical
- 8.3.6.1.5 Market size and forecast, by Enterprise Size
- 8.3.6.2 Germany
- 8.3.6.2.1 Key market trends, growth factors and opportunities
- 8.3.6.2.2 Market size and forecast, by Component
- 8.3.6.2.3 Market size and forecast, by Deployment Mode
- 8.3.6.2.4 Market size and forecast, by Industry Vertical
- 8.3.6.2.5 Market size and forecast, by Enterprise Size
- 8.3.6.3 France
- 8.3.6.3.1 Key market trends, growth factors and opportunities
- 8.3.6.3.2 Market size and forecast, by Component
- 8.3.6.3.3 Market size and forecast, by Deployment Mode
- 8.3.6.3.4 Market size and forecast, by Industry Vertical
- 8.3.6.3.5 Market size and forecast, by Enterprise Size
- 8.3.6.4 Italy
- 8.3.6.4.1 Key market trends, growth factors and opportunities
- 8.3.6.4.2 Market size and forecast, by Component
- 8.3.6.4.3 Market size and forecast, by Deployment Mode
- 8.3.6.4.4 Market size and forecast, by Industry Vertical
- 8.3.6.4.5 Market size and forecast, by Enterprise Size
- 8.3.6.5 Spain
- 8.3.6.5.1 Key market trends, growth factors and opportunities
- 8.3.6.5.2 Market size and forecast, by Component
- 8.3.6.5.3 Market size and forecast, by Deployment Mode
- 8.3.6.5.4 Market size and forecast, by Industry Vertical
- 8.3.6.5.5 Market size and forecast, by Enterprise Size
- 8.3.6.6 Netherlands
- 8.3.6.6.1 Key market trends, growth factors and opportunities
- 8.3.6.6.2 Market size and forecast, by Component
- 8.3.6.6.3 Market size and forecast, by Deployment Mode
- 8.3.6.6.4 Market size and forecast, by Industry Vertical
- 8.3.6.6.5 Market size and forecast, by Enterprise Size
- 8.3.6.7 Rest of Europe
- 8.3.6.7.1 Key market trends, growth factors and opportunities
- 8.3.6.7.2 Market size and forecast, by Component
- 8.3.6.7.3 Market size and forecast, by Deployment Mode
- 8.3.6.7.4 Market size and forecast, by Industry Vertical
- 8.3.6.7.5 Market size and forecast, by Enterprise Size
- 8.4 Asia-Pacific
- 8.4.1 Key trends and opportunities
- 8.4.2 Asia-Pacific Market size and forecast, by Component
- 8.4.3 Asia-Pacific Market size and forecast, by Deployment Mode
- 8.4.4 Asia-Pacific Market size and forecast, by Industry Vertical
- 8.4.5 Asia-Pacific Market size and forecast, by Enterprise Size
- 8.4.6 Asia-Pacific Market size and forecast, by country
- 8.4.6.1 China
- 8.4.6.1.1 Key market trends, growth factors and opportunities
- 8.4.6.1.2 Market size and forecast, by Component
- 8.4.6.1.3 Market size and forecast, by Deployment Mode
- 8.4.6.1.4 Market size and forecast, by Industry Vertical
- 8.4.6.1.5 Market size and forecast, by Enterprise Size
- 8.4.6.2 India
- 8.4.6.2.1 Key market trends, growth factors and opportunities
- 8.4.6.2.2 Market size and forecast, by Component
- 8.4.6.2.3 Market size and forecast, by Deployment Mode
- 8.4.6.2.4 Market size and forecast, by Industry Vertical
- 8.4.6.2.5 Market size and forecast, by Enterprise Size
- 8.4.6.3 Japan
- 8.4.6.3.1 Key market trends, growth factors and opportunities
- 8.4.6.3.2 Market size and forecast, by Component
- 8.4.6.3.3 Market size and forecast, by Deployment Mode
- 8.4.6.3.4 Market size and forecast, by Industry Vertical
- 8.4.6.3.5 Market size and forecast, by Enterprise Size
- 8.4.6.4 South Korea
- 8.4.6.4.1 Key market trends, growth factors and opportunities
- 8.4.6.4.2 Market size and forecast, by Component
- 8.4.6.4.3 Market size and forecast, by Deployment Mode
- 8.4.6.4.4 Market size and forecast, by Industry Vertical
- 8.4.6.4.5 Market size and forecast, by Enterprise Size
- 8.4.6.5 Australia
- 8.4.6.5.1 Key market trends, growth factors and opportunities
- 8.4.6.5.2 Market size and forecast, by Component
- 8.4.6.5.3 Market size and forecast, by Deployment Mode
- 8.4.6.5.4 Market size and forecast, by Industry Vertical
- 8.4.6.5.5 Market size and forecast, by Enterprise Size
- 8.4.6.6 Rest of Asia-Pacific
- 8.4.6.6.1 Key market trends, growth factors and opportunities
- 8.4.6.6.2 Market size and forecast, by Component
- 8.4.6.6.3 Market size and forecast, by Deployment Mode
- 8.4.6.6.4 Market size and forecast, by Industry Vertical
- 8.4.6.6.5 Market size and forecast, by Enterprise Size
- 8.5 LAMEA
- 8.5.1 Key trends and opportunities
- 8.5.2 LAMEA Market size and forecast, by Component
- 8.5.3 LAMEA Market size and forecast, by Deployment Mode
- 8.5.4 LAMEA Market size and forecast, by Industry Vertical
- 8.5.5 LAMEA Market size and forecast, by Enterprise Size
- 8.5.6 LAMEA Market size and forecast, by country
- 8.5.6.1 Latin America
- 8.5.6.1.1 Key market trends, growth factors and opportunities
- 8.5.6.1.2 Market size and forecast, by Component
- 8.5.6.1.3 Market size and forecast, by Deployment Mode
- 8.5.6.1.4 Market size and forecast, by Industry Vertical
- 8.5.6.1.5 Market size and forecast, by Enterprise Size
- 8.5.6.2 Middle East
- 8.5.6.2.1 Key market trends, growth factors and opportunities
- 8.5.6.2.2 Market size and forecast, by Component
- 8.5.6.2.3 Market size and forecast, by Deployment Mode
- 8.5.6.2.4 Market size and forecast, by Industry Vertical
- 8.5.6.2.5 Market size and forecast, by Enterprise Size
- 8.5.6.3 Africa
- 8.5.6.3.1 Key market trends, growth factors and opportunities
- 8.5.6.3.2 Market size and forecast, by Component
- 8.5.6.3.3 Market size and forecast, by Deployment Mode
- 8.5.6.3.4 Market size and forecast, by Industry Vertical
- 8.5.6.3.5 Market size and forecast, by Enterprise Size
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2021
CHAPTER 10: COMPANY PROFILES
- 10.1 ADP, Inc.
- 10.1.1 Company overview
- 10.1.2 Key Executives
- 10.1.3 Company snapshot
- 10.1.4 Operating business segments
- 10.1.5 Product portfolio
- 10.1.6 Business performance
- 10.1.7 Key strategic moves and developments