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人的資本管理（HCM）市場：世界の産業動向、シェア、規模、成長、機会、2023-2028年予測

Human Capital Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
出版日: | 発行: IMARC | ページ情報: 英文 138 Pages | 納期: 2～3営業日

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人的資本管理（HCM）市場：世界の産業動向、シェア、規模、成長、機会、2023-2028年予測
出版日: 2023年11月24日
発行: IMARC
ページ情報: 英文 138 Pages
納期: 2～3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

概要

世界の人的資本管理（HCM）市場規模は2022年に227億米ドルに達しました。今後、IMARC Groupは、2022年から2028年にかけて8.48%の成長率（CAGR）を示し、2028年までに370億米ドルに達すると予測しています。急速な技術進歩、ビジネスの世界化の進展、自動化需要の高まり、リモートワークの傾向の高まり、労働力のパフォーマンスに関するリアルタイムの洞察を得るためのHCMに対する需要の高まり、従業員のエンゲージメントと満足度の重視の高まりなどが、市場を推進している主な要因の一部です。

人的資本管理（HCM）とは、組織の人材の採用、管理、育成、最適化に焦点を当てた、組織における重要な機能を指します。人材獲得、学習・能力開発、業績管理、報酬計画、要員計画などで構成されます。HCMは、採用、入社、研修、キャリア開発、後継者育成、時間管理、従業員のスケジュール管理、給与計算、福利厚生管理、コンプライアンス管理など、幅広い用途で活用されています。HCMは、生産性の向上、従業員エンゲージメントの強化、コラボレーション環境の醸成、管理コストの削減、リアルタイムの洞察の提供、コンプライアンスの推進、戦略的プランニングの支援に役立ちます。

リモートワークの動向の高まりにより、さまざまな場所で働く従業員を効果的に管理し、エンゲージメントを高めるツールが必要とされており、市場の成長を後押ししています。さらに、労働法や従業員福利厚生規制のコンプライアンスを確保するためにHCMが広く採用されていることも、市場の成長を後押ししています。これとは別に、従業員のエンゲージメントと満足度を重視する傾向が強まっていることも、個人に合わせた継続的なフィードバックを提供するHCMの需要を促進しています。これに加えて、労働力のパフォーマンスに関するリアルタイムの洞察を得てデータ主導の意思決定を行うためのHCMに対する需要の高まりが、市場成長にプラスの影響を与えています。さらに、人材と組織の目標を一致させるためにHCMの採用が増加していることも、市場の成長に寄与しています。これとともに、中小企業（SME）によるHCM利用の増加が、もう1つの成長促進要因として作用しています。

人的資本管理（HCM）市場の動向と促進要因：

急速な技術進歩

人工知能（AI）、機械学習（ML）、クラウドコンピューティングなどの技術の統合が、HCM市場に革命をもたらしています。これに伴い、AIとMLは予測分析、パーソナライズされた学習パス、インテリジェントな自動化を提供し、効率性と意思決定の強化を支援します。さらに、クラウドベースのソリューションは、さまざまな地理的な場所にまたがるアクセシビリティとコラボレーションを可能にし、均一でシームレスなエクスペリエンスを保証します。これは世界なオペレーションをサポートするだけでなく、さまざまなビジネス・ニーズに適応する拡張性も提供します。さらに、このテクノロジーは、よりユーザーフレンドリーなプラットフォームを構築し、集中的なトレーニングを受けなくても、幅広いユーザーが対話できるようにしています。さらに、これらの高度なテクノロジーによって提供されるリアルタイムの分析と洞察は、人事担当者が動向を予測し、潜在的な問題を特定し、十分な情報に基づいた行動をとる上で役立ちます。これとは別に、手作業によるミスを最小限に抑え、貴重な時間を節約し、プロセスを最適化するための自動化の採用が増加していることも、市場の成長にプラスの影響を与えています。

ビジネスの世界化の進展

世界で多様な労働力による企業経営の複雑化が、市場の成長を促進しています。これに伴い、HCMシステムは、人事慣行の一貫性を確保し、さまざまな現地の労働法を遵守し、異なる文化やタイムゾーンを超えた効果的なコミュニケーションを提供する上で不可欠なものとなっています。さらに、HCMツールは、さまざまな通貨、言語、規制、文化的なニュアンスを扱うために必要な自動化、統合、柔軟性を提供し、手作業による管理の煩雑さを軽減し、ミスをなくします。さらに、世界な人材プールを作成し、採用、オンボーディング、トレーニングの手順を標準化し、報酬や福利厚生を現地の基準に合わせることができます。これとは別に、異なる拠点間でのリアルタイムのコラボレーションとコミュニケーションの必要性が、クラウドベースのHCMソリューションの需要を促進しています。クラウドベースのHCMソリューションは、統一された組織文化を醸成し、世界な人材管理を促進し、法令遵守を確実にすることができるからです。

自動化への需要の高まり

人事業務における自動化需要の高まりは、HCM市場の成長において顕著な要因となっています。採用、給与計算、業績管理、福利厚生管理などの分野で自動化が進めば、反復的で時間のかかる業務がなくなり、人事担当者はより戦略的な役割に集中できるようになります。さらに、自動化された採用ツールは、何千もの応募書類をスキャンし、事前に定義された基準に基づいて候補者を絞り込むことができるため、偏りを減らし、採用プロセスを加速させることができます。さらに、給与計算の自動化により、正確性と税務規制への準拠が保証されるため、潜在的な法的問題を最小限に抑えることができます。これとは別に、業績管理の自動化により、継続的なフィードバックとリアルタイムの調整が可能になり、より機敏で応答性の高い労働力を生み出すことができます。さらに、自動化されたレポーティングとアナリティクスは、より良いプランニングと意思決定を促進するインサイトを提供します。その結果、自動化は効率を高めるだけでなく、パーソナライズされたタイムリーな対話を提供することで、従業員の経験も向上させる。

本レポートで扱う主な質問

  • 2022年の世界の人的資本管理（HCM）市場の規模は？
  • 2023年～2028年の世界の人的資本管理（HCM）市場の予想成長率は？
  • 世界の人的資本管理（HCM）市場を牽引する主な要因は何か
  • COVID-19が世界の人的資本管理（HCM）市場に与えた影響は？
  • 人的資本管理（HCM）の世界市場におけるコンポーネント別の区分は？
  • 展開タイプに基づく人的資本管理（HCM）の世界市場の内訳は？
  • 人的資本管理（HCM）の世界市場の産業別区分は？
  • 人的資本管理（HCM）の世界市場における主要地域は？
  • 人的資本管理（HCM）の世界市場における主要プレイヤー/企業は？

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 人的資本管理（HCM）の世界市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：コンポーネント別

  • ソフトウェア
    • 市場動向
    • 主要セグメント
      • コア人事
      • リクルーティング
      • 労働力管理
      • 報酬・給与計算
      • その他
    • 市場予測
  • サービス
    • 市場動向
    • 主要セグメント
      • マネージドサービス
      • プロフェッショナルサービス
    • 市場予測

第7章 市場内訳：導入タイプ別

  • クラウド型
    • 市場動向
    • 市場予測
  • オンプレミス型
    • 市場動向
    • 市場予測

第8章 市場内訳：業界別

  • BFSI
    • 市場動向
    • 市場予測
  • 小売
    • 市場動向
    • 市場予測
  • IT・通信
    • 市場動向
    • 市場予測
  • ヘルスケア
    • 市場動向
    • 市場予測
  • ホスピタリティ
    • 市場動向
    • 市場予測
  • 政府機関
    • 市場動向
    • 市場予測
  • 製造業
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第9章 市場内訳：地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Automatic Data Processing Inc.
    • Ceridian HCM Inc.
    • Infor Inc.（Koch Industries Inc.）
    • International Business Machines Corporation
    • Microsoft Corporation
    • Oracle Corporation
    • PeopleFluent Inc.（Learning Technologies Group plc）
    • Ramco Systems Limited
    • SAP SE
    • SumTotal Systems LLC（Skillsoft Limited）
    • UKG Inc.
    • Workday Inc.
図表

List of Figures

  • Figure 1: Global: Human Capital Management Market: Major Drivers and Challenges
  • Figure 2: Global: Human Capital Management Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Human Capital Management Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Human Capital Management Market: Breakup by Component (in %), 2022
  • Figure 5: Global: Human Capital Management Market: Breakup by Deployment Type (in %), 2022
  • Figure 6: Global: Human Capital Management Market: Breakup by Industry Verticals (in %), 2022
  • Figure 7: Global: Human Capital Management Market: Breakup by Region (in %), 2022
  • Figure 8: Global: Human Capital Management (Software) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Human Capital Management (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Human Capital Management (Service) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Human Capital Management (Service) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Human Capital Management (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Human Capital Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Human Capital Management (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Human Capital Management (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Human Capital Management (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Human Capital Management (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Human Capital Management (Retail) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Human Capital Management (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Human Capital Management (IT and Telecommunication) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Human Capital Management (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: Global: Human Capital Management (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: Global: Human Capital Management (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: Global: Human Capital Management (Hospitality) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: Global: Human Capital Management (Hospitality) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: Global: Human Capital Management (Government) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: Global: Human Capital Management (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: Global: Human Capital Management (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: Global: Human Capital Management (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: Global: Human Capital Management (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: Global: Human Capital Management (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: North America: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: North America: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: United States: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: United States: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: Canada: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: Canada: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: Asia-Pacific: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: Asia-Pacific: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: China: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: China: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: Japan: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: Japan: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: India: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: India: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: South Korea: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: South Korea: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: Australia: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: Australia: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: Indonesia: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: Indonesia: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: Others: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: Others: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: Europe: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: Europe: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: Germany: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: Germany: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: France: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: France: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: United Kingdom: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: United Kingdom: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: Italy: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: Italy: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: Spain: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: Spain: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: Russia: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: Russia: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Others: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Others: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Latin America: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 71: Latin America: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 72: Brazil: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 73: Brazil: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 74: Mexico: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 75: Mexico: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 76: Others: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 77: Others: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 78: Middle East and Africa: Human Capital Management Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 79: Middle East and Africa: Human Capital Management Market: Breakup by Country (in %), 2022
  • Figure 80: Middle East and Africa: Human Capital Management Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 81: Global: Human Capital Management Industry: SWOT Analysis
  • Figure 82: Global: Human Capital Management Industry: Value Chain Analysis
  • Figure 83: Global: Human Capital Management Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Human Capital Management Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Human Capital Management Market Forecast: Breakup by Component (in Million US$), 2023-2028
  • Table 3: Global: Human Capital Management Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
  • Table 4: Global: Human Capital Management Market Forecast: Breakup by Industry Verticals (in Million US$), 2023-2028
  • Table 5: Global: Human Capital Management Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Human Capital Management Market: Competitive Structure
  • Table 7: Global: Human Capital Management Market: Key Players
目次
Product Code: SR112023A4336

Abstract

The global human capital management market size reached US$ 22.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.48% during 2022-2028. The rapid technological advancements, increasing globalization of businesses, growing demand for automation, rising trend of remote work, growing demand for HCM to gain real-time insights into workforce performance, and escalating emphasis on employee engagement and satisfaction are some of the major factors propelling the market.

Human capital management (HCM) refers to a critical function in organizations, focusing on the recruitment, management, development, and optimization of an organization's human resources. It comprises talent acquisition, learning and development, performance management, compensation planning, and workforce planning. HCM finds extensive applications in recruitment, onboarding, training, career development, succession planning, time tracking, employee scheduling, payroll, benefits administration, and compliance management. It aids in increasing productivity, enhancing employee engagement, fostering a collaborative environment, reducing administrative costs, providing real-time insights, promoting compliance, and supporting strategic planning.

The rising trend of remote work, which necessitates tools that can effectively manage and engage employees across different locations, is propelling the market growth. Furthermore, the widespread adoption of HCM to ensure compliance with labor laws and employee benefits regulations is driving the market growth. Apart from this, the escalating emphasis on employee engagement and satisfaction is facilitating the demand for HCM as it offers personalized and continuous feedback. Besides this, the growing demand for HCM to gain real-time insights into workforce performance and make data-driven decisions is positively influencing the market growth. Moreover, the rising adoption of HCM to align human resources with organizational goals is contributing to the market growth. Along with this, the increasing utilization of HCM by small and medium enterprises (SMEs) is acting as another growth-inducing factor.

Human Capital Management Market Trends/Drivers:

The rapid technological advancements

The integration of technologies, including artificial intelligence (AI), machine learning (ML), and cloud computing, is revolutionizing the HCM market. In line with this, AI and ML offer predictive analytics, personalized learning paths, and intelligent automation, which aids in enhancing efficiency and decision-making. Furthermore, cloud-based solutions enable accessibility and collaboration across various geographical locations, ensuring a uniform and seamless experience. This not only supports global operations but also provides scalability to adapt to varying business needs. Additionally, the technology is creating platforms that are more user-friendly, allowing a wider array of users to interact without intensive training. Moreover, the real-time analysis and insights provided by these advanced technologies assist HR professionals in predicting trends, identifying potential issues, and making informed actions. Apart from this, the increasing adoption of automation to minimize manual errors, save valuable time, and optimize processes is positively influencing the market growth.

The increasing globalization of businesses

The increasing complexity of managing businesses due to a global and diverse workforce is driving the market growth. In line with this, HCM systems are essential in ensuring consistency in HR practices, complying with various local labor laws, and providing effective communication across different cultures and time zones. Additionally, HCM tools provide the necessary automation, integration, and flexibility to handle various currencies, languages, regulations, and cultural nuances, making manual management less cumbersome and error-free. Moreover, they allow for the creation of global talent pools, standardize recruitment, onboarding, and training procedures, and ensure that compensation and benefits are aligned with local standards. Apart from this, the need for real-time collaboration and communication across different locations is facilitating the demand for cloud-based HCM solutions, as they can foster a unified organizational culture, facilitate global talent management, and ensure legal compliance.

The growing demand for automation

The increasing demand for automation in HR functions is a prominent factor in the growth of the HCM market. Automation in areas, such as recruitment, payroll processing, performance tracking, and benefits administration eliminates repetitive and time-consuming tasks, allowing HR professionals to focus on more strategic roles. Furthermore, automated recruitment tools can scan thousands of applications to shortlist candidates based on predefined criteria, reducing bias and accelerating the hiring process. Additionally, payroll automation ensures accuracy and compliance with tax regulations, thus minimizing potential legal issues. Apart from this, automation in performance management enables continuous feedback and real-time adjustments, creating a more agile and responsive workforce. Moreover, automated reporting and analytics provide insights that facilitate better planning and decision-making. As a result, automation not only enhances efficiency but also improves the employee experience by offering personalized and timely interactions.

Human Capital Management Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global human capital management market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on component, deployment type and industry verticals.

Breakup by Component:

Software

Core HR

Recruiting

Workforce Management

Compensation and Payroll

Others

Service

Managed Service

Professional

Software dominates the market

The report has provided a detailed breakup and analysis of the market based on the component. This includes software (core HR, recruiting, workforce management, compensation and payroll, and others) and service (managed service and professional). According to the report, software represented the largest segment.

Software is dominating the market as it offers scalability to accommodate the changing size and complexity of businesses. It allows organizations to tailor functionalities to their specific needs, providing both growth and flexibility in various HR functions. Furthermore, the software automates repetitive tasks, such as payroll processing, recruitment, and benefits administration, which leads to improved efficiency, accuracy, and time savings, allowing HR professionals to focus on more strategic roles. Apart from this, it enables organizations to gather insights from vast amounts of employee data, facilitating better decision-making and strategic planning. Moreover, the software offers seamless integration with other business tools and systems, leading to a more unified and streamlined workflow. Along with this, it provides constant updates to reflect changes in regulations and laws. This ensures that organizations maintain compliance with local and international labor laws, thus minimizing legal risks.

Breakup by Deployment Type:

Cloud-based

On-premises

Cloud-based dominates the market

The report has provided a detailed breakup and analysis of the market based on the deployment type. This includes cloud-based and on-premises. According to the report, cloud-based represented the largest segment.

Cloud-based HCM solutions provide access from anywhere with an internet connection, facilitating collaboration among employees across different locations. Furthermore, it offers the ability to scale resources up or down based on the organization's needs. This flexibility makes it suitable for companies of all sizes, including rapidly growing businesses. Additionally, cloud-based HCM reduces capital expenditure by utilizing shared resources and eliminating the need for physical infrastructure. Apart from this, it allows easy integration with other business applications and can often be customized to fit specific organizational needs, providing a cohesive and tailored solution. Moreover, cloud-based solutions enable automatic updates and upgrades without interrupting the user experience, thus ensuring that organizations are always utilizing the latest features and complying with the most recent regulations.

Breakup by Industry Verticals:

BFSI

Retail

IT and Telecommunication

Healthcare

Hospitality

Government

Manufacturing

Others

IT and telecommunication dominate the market

The report has provided a detailed breakup and analysis of the market based on the industry verticals. This includes BFSI, retail, IT and telecommunication, healthcare, hospitality, government, manufacturing, and others. According to the report, IT and telecommunication represented the largest market segment.

IT and telecommunication are fields characterized by constant technological innovation and evolution. This demands a highly skilled and adaptable workforce, necessitating the use of advanced HCM solutions for talent acquisition, training, and development. Furthermore, they operate on a global scale, requiring the management of diverse teams spread across various regions. In line with this, HCM solutions facilitate seamless communication, collaboration, and compliance with varying regional regulations. Additionally, the IT and telecommunication sectors are known for intense competition for top talent. HCM tools enable effective recruitment, retention, and development strategies, providing a competitive edge in retaining the best professionals. Moreover, they embrace remote and flexible working arrangements, which requires HCM solutions to enable effective management, collaboration, and engagement of remote teams.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America exhibits a clear dominance in the market, accounting for the largest human capital management market share

The report has also provided a comprehensive analysis of all the major regional markets, which includes North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represented the largest market segment.

North America is a hub for technological innovation owing to the presence of leading tech companies, along with a conducive environment for research and development (R&D) that has spurred advancements in AI, cloud computing, and other technologies that underpin modern HCM systems. Furthermore, the region's businesses have a longstanding emphasis on strategic human resource management, talent optimization, and employee engagement, which aligns well with the capabilities of HCM solutions. In addition, the implementation of strict labor laws and regulations related to employee benefits, diversity, and inclusion is facilitating the demand for robust HCM systems to ensure compliance. Apart from this, North America's strong economy encourages business growth and development, leading to an increase in workforce management needs and thereby propelling the demand for HCM solutions.

Competitive Landscape:

The leading HCM companies are investing in machine learning (ML) algorithms, data analytics, and artificial intelligence (AI) to create sophisticated tools that cater to the multifaceted demands of modern HR management. Additionally, they are engaging in strategic mergers, acquisitions, and partnerships, which enables them to broaden their product offerings, reach new markets, and combine expertise to create more robust solutions. Furthermore, leading market players are focusing on expanding their geographic reach, targeting emerging markets and sectors where HCM solutions are still underutilized, such as healthcare, retail, and small-to-medium-sized enterprises. Apart from this, top companies are designing intuitive interfaces, personalized dashboards, and seamless integrations that enhance usability for both HR professionals and employees. Moreover, they are fortifying their solutions with advanced security measures and compliance management tools.

The report has provided a comprehensive analysis of the competitive landscape in the global human capital management market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Automatic Data Processing Inc.

Ceridian HCM Inc.

Infor Inc. (Koch Industries Inc.)

International Business Machines Corporation

Microsoft Corporation

Oracle Corporation

PeopleFluent Inc. (Learning Technologies Group plc)

Ramco Systems Limited

SAP SE

SumTotal Systems LLC (Skillsoft Limited)

UKG Inc.

Workday Inc.

Recent Developments:

In September 2022, Workday Inc. introduced a next-generation skills technology that allows organizations to gain deeper insight into workforce skills and deliver more personalized employee experiences.

In October 2022, Automatic Data Processing Inc. launched "Voice of the Employee," which will allow employers to collect feedback and sentiment throughout the employee lifecycle.

In December 2021, Ceridian HCM Inc. acquired ADAM HCM, a leading payroll and human capital management company, to expand its presence globally.

Key Questions Answered in This Report

  • 1. What was the size of the global human capital management market in 2022?
  • 2. What is the expected growth rate of the global human capital management market during 2023-2028?
  • 3. What are the key factors driving the global human capital management market?
  • 4. What has been the impact of COVID-19 on the global human capital management market?
  • 5. What is the breakup of the global human capital management market based on the component?
  • 6. What is the breakup of the global human capital management market based on the deployment type?
  • 7. What is the breakup of the global human capital management market based on the industry verticals?
  • 8. What are the key regions in the global human capital management market?
  • 9. Who are the key players/companies in the global human capital management market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Human Capital Management Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Component

  • 6.1 Software
    • 6.1.1 Market Trends
    • 6.1.2 Key Segments
      • 6.1.2.1 Core HR
      • 6.1.2.2 Recruiting
      • 6.1.2.3 Workforce Management
      • 6.1.2.4 Compensation and Payroll
      • 6.1.2.5 Others
    • 6.1.3 Market Forecast
  • 6.2 Service
    • 6.2.1 Market Trends
    • 6.2.2 Key Segments
      • 6.2.2.1 Managed Service
      • 6.2.2.2 Professional
    • 6.2.3 Market Forecast

7 Market Breakup by Deployment Type

  • 7.1 Cloud-based
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 On-premises
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Industry Verticals

  • 8.1 BFSI
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Retail
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 It and Telecommunication
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Healthcare
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Hospitality
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Government
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Manufacturing
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast
  • 8.8 Others
    • 8.8.1 Market Trends
    • 8.8.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Automatic Data Processing Inc.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Ceridian HCM Inc.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
    • 14.3.3 Infor Inc. (Koch Industries Inc.)
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
    • 14.3.4 International Business Machines Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Microsoft Corporation
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Oracle Corporation
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 PeopleFluent Inc. (Learning Technologies Group plc)
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 Ramco Systems Limited
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
    • 14.3.9 SAP SE
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 SumTotal Systems LLC (Skillsoft Limited)
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
    • 14.3.11 UKG Inc.
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 SWOT Analysis
    • 14.3.12 Workday Inc.
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis