Human Capital Management Market by Software (Core HR, Workforce Management, Sourcing and Recruiting, Applicant Tracking System, Staffing Vendor Management), Services, Deployment Type, Organization Size, and Region - Global Forecast to 2022

  • ID: 4327632
  • Report
  • Region: Global
  • 141 Pages
  • Markets and Markets
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The HCM Market Size is Expected to Grow from USD 14.50 Billion in 2017 to USD 22.51 Billion By 2022, at An Estimated CAGR of 9.2%.

FEATURED COMPANIES

  • Ceridian Hcm, Inc.
  • Employwise, Inc.
  • Infor
  • Kronos, Inc.
  • Oracle Corporation
  • Paycom Software, Inc.
  • MORE

"The simplified management of geographically spread workforce, the growing demand for mobile Human Capital Management (HCM) applications, and the increasing demand for talent mobility are driving the HCM market"

The HCM market is driven by factors, such as the increased adoption of mobile devices and the increasing demand for talent mobility in the organizations. Organizations are resistant to change the traditional approaches or adopt new solutions, which is expected to hinder the market growth during the forecast period.

"The Core HR (Human Resources) segment is expected to hold the major market share during the forecast period"

The core HR segment is expected to hold the largest market share during the forecast period. The core HR software is a very basic requirement for any organization to administer its employee for functions, such as payroll and compensation management, benefits and claims management, personnel management, learning management, pension management, compliance management, and succession planning. The solutions helps HR personnel effectively manage their employees and maintain a transparent medium between the management and the employees. With the presence of a number of prominent software vendors in the core HR software space, the market is very competitive with many emerging players who offer niche and differentiated solutions, targeting a particular set of customers.

"The Small and Medium-Sized Enterprises (SMEs) segment for HCM is expected to grow at the highest CAGR during the forecast period"

The SMEs segment is expected to grow at the highest CAGR in the HCM market during the forecast period. The increased competitive market scenario has prompted the SMEs to invest in this business software and adopt the go-to-market strategies, to make efficient decisions for their business growth. More than larger enterprises, SMEs face a resource crunch and require better methods to solve the complexities for better cost optimization on their assets and requirements.

"Asia Pacific (APAC) is expected to witness a high growth potential during the forecast period"

North America holds the largest market share in 2017, while APAC is the fastest-growing region in terms of CAGR. The HCM market is evolving globally with the introduction of new software and better analytics, which enhance HCM applications’ feature. The analysis shows that the spending on HCM software and services is increasing due to the changing work dynamics, technological advancements, and the increase in cloud and mobile usage.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.

The break-up of profiles of primary participants is given below as:

  • By Company Type: Tier 1 - 45%, Tier 2 - 35%, and Tier 3 - 20%
  • By Designation: C level - 72%, Director level - 17%, and Manager Level - 11%
  • By Region: North America - 45%, Europe - 20%, APAC - 30%, and Rest of the World (RoW)- 5%

The HCM ecosystem comprises major vendors, such as Workday, Inc. (US), Oracle Corporation (US), SAP SE (Germany), Kronos, Inc. (US), Automatic Data Processing, LLC (US), Ultimate Software Group, Inc. (US),International Business Corporation(US), EmployWise, Inc .(India), and Paycom Software, Inc. (US) .

Research Coverage:

The HCM market has been segmented by component, deployment type, organization size, industry vertical, and region. The report is expected to help market leaders/new entrants in this market in the following ways:
The report segments the HCM market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers were then further split across different verticals and regions.

Reasons to buy the Report:

  • The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
  • It also helps stakeholders understand the competitors better and gain more insights to enhance the position of their businesses. There is a separate section on competitive landscape, including the competitor ecosystem, and mergers and acquisitions. Besides, there are company profiles of 14 players, who offer services in this market. In this section, market internals are also provided that can put the stakeholders ahead of their competitors.
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FEATURED COMPANIES

  • Ceridian Hcm, Inc.
  • Employwise, Inc.
  • Infor
  • Kronos, Inc.
  • Oracle Corporation
  • Paycom Software, Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Microquadrant Research Methodology
2.3.1 Vendor Inclusion Criteria
2.4 Research Assumptions And Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Human Capital Management Market
4.2 Human Capital Management Market, By Vertical And Region
4.3 Human Capital Management Market, By Deployment Type
4.4 Human Capital Management Market, By Component
4.5 Human Capital Management Market, By Organization Size
4.6 Human Capital Management Market Potential
4.7 Life Cycle Analysis, By Region (2017)

5 Market Overview And Industry Trends
5.1 Introduction
5.2 Innovation Spotlight
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Simplified Management of Geographically Spread Workforce
5.3.1.2 Growing Demand for Mobile Hcm Applications
5.3.1.3 Increasing Demand for Talent Mobility
5.3.2 Restraints
5.3.2.1 Security Concerns Over Cloud-Based Deployment
5.3.3 Opportunities
5.3.3.1 Growing Shift Toward Cloud-Based Software Solutions
5.3.3.2 Evolving Potential Markets
5.3.4 Challenges
5.3.4.1 Organizations Resistant to Change Traditional Approach Or Adopt New Solutions
5.3.4.2 Prevalent Concerns About Deployment And Usage

6 Human Capital Management Market Analysis, By Component
6.1 Introduction
6.2 Software
6.3 Services

7 Human Capital Management Market Analysis, By Software
7.1 Introduction
7.2 Core Hr
7.3 Workforce Management
7.4 Sourcing And Recruitment
7.5 Applicant Tracking System
7.6 Staffing Vendor Management
7.7 Others

8 Human Capital Management Market Analysis, By Service
8.1 Introduction
8.2 Integration
8.3 Support And Maintenance
8.4 Consulting

9 Human Capital Management Market Analysis, By Deployment Model
9.1 Introduction
9.2 On-Premises
9.3 Cloud

10 Human Capital Management Market Analysis, By Organization Size
10.1 Introduction
10.2 Large Enterprises
10.3 Small And Medium-Sized Enterprises
 
11 Human Capital Management Market Analysis, By Vertical
11.1 Introduction
11.2 Banking, Financial Services, And Insurance
11.3 Government
11.4 Manufacturing
11.5 Telecom And It
11.6 Consumer Goods And Retail
11.7 Healthcare And Life Sciences
11.8 Energy And Utilities
11.9 Transportation And Logistics
11.10 Others

12 Geographic Analysis
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 Middle East And Africa
12.6 Latin America

13 Competitive Landscape
13.1 Microquadrant Overview
13.1.1 Visionary Leaders
13.1.2 Innovators
13.1.3 Dynamic Differentiators
13.1.4 Emerging Companies
13.2 Competitive Benchmarking
13.2.1 Product Offerings
13.2.2 Business Strategies

14 Company Profiles
(Overview, Financials, Products & Services, Strategy, And Developments)*
14.1 Workday, Inc.
14.2 Oracle Corporation
14.3 Sap Se
14.4 Kronos, Inc.
14.5 Automatic Data Processing, Llc
14.6 Ultimate Software Group, Inc.
14.7 International Business Machines Corporation
14.8 Sumtotal Systems, Llc (A Skillsoft Company)
14.9 Employwise, Inc.
14.10 Paycom Software, Inc.
14.11 Ceridian Hcm, Inc.
14.12 Peoplestrategy, Inc.
14.13 Infor
14.14 Cornerstone Ondemand, Inc.
*Details On Overview, Financials, Product & Services, Strategy, And Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix
15.1 Key Industry Insights
15.2 Discussion Guide
15.3 Knowledge Store: Subscription Portal
15.4 Introducing Rt: Real-Time Market Intelligence
15.5 Available Customization
15.6 Related Reports
15.7 Author Details

List of Tables
Table 1 Evaluation Criteria
Table 2 Human Capital Management Market: Assumptions
Table 3 Human Capital Management Market Size And Growth Rate, 2015-2022 (USD Million, Y-O-Y %)
Table 4 Human Capital Management Market Size, By Component, 2015-2022 (USD Million)
Table 5 Human Capital Management Market Size, By Software, 2015-2022 (USD Million)
Table 6 Human Capital Management Market Size, By Service, 2015-2022 (USD Million)
Table 7 Human Capital Management Market Size, By Software, 2015-2022 (USD Million)
Table 8 Core Hr: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 9 Workforce Management: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 10 Sourcing And Recruitment: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 11 Applicant Tracking System: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 12 Staffing Vendor Management: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 13 Others: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 14 Human Capital Management Market Size, By Service, 2015-2022 (USD Million)
Table 15 Integration: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 16 Support And Maintenance: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 17 Consulting: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 18 Human Capital Management Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 19 On-Premises: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 20 Cloud: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 21 Human Capital Management Market Size, By Organization Size, 2015-2022 (USD Million)
Table 22 Large Enterprises: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 23 Small And Medium-Sized Enterprises: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 24 Human Capital Management Market Size, By Vertical, 2015-2022 (USD Million)
Table 25 Banking, Financial Services, And Insurance: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 26 Government: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 27 Manufacturing: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 28 Telecom And It: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 29 Consumer Goods And Retail: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 30 Healthcare And Life Sciences: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 31 Energy And Utilities: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 32 Transportation And Logistics: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 33 Others: Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 34 Human Capital Management Market Size, By Region, 2015-2022 (USD Million)
Table 35 North America: Human Capital Management Market Size, By Component, 2015-2022 (USD Million)
Table 36 North America: Human Capital Management Market Size, By Software, 2015-2022 (USD Million)
Table 37 North America: Human Capital Management Market Size, By Service, 2015-2022 (USD Million)
Table 38 North America: Human Capital Management Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 39 North America: Human Capital Management Market Size, By Organization Size, 2015-2022 (USD Million)
Table 40 North America: Human Capital Management Market Size, By Vertical, 2015-2022 (USD Million)
Table 41 Europe: Human Capital Management Market Size, By Component, 2015-2022 (USD Million)
Table 42 Europe: Human Capital Management Market Size, By Software, 2015-2022 (USD Million)
Table 43 Europe: Human Capital Management Market Size, By Service, 2015-2022 (USD Million)
Table 44 Europe: Human Capital Management Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 45 Europe: Human Capital Management Market Size, By Organization Size, 2015-2022 (USD Million)
Table 46 Europe: Human Capital Management Market Size, By Vertical, 2015-2022 (USD Million)
Table 47 Asia Pacific: Human Capital Management Market Size, By Component, 2015-2022 (USD Million)
Table 48 Asia Pacific: Human Capital Management Market Size, By Software, 2015-2022 (USD Million)
Table 49 Asia Pacific: Human Capital Management Market Size, By Service, 2015-2022 (USD Million)
Table 50 Asia Pacific: Human Capital Management Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 51 Asia Pacific: Human Capital Management Market Size, By Organization Size, 2015-2022 (USD Million)
Table 52 Asia Pacific: Human Capital Management Market Size, By Vertical, 2015-2022 (USD Million)
Table 53 Middle East And Africa: Human Capital Management Market Size, By Component, 2015-2022 (USD Million)
Table 54 Middle East And Africa: Human Capital Management Market Size, By Software, 2015-2022 (USD Million)
Table 55 Middle East And Africa: Human Capital Management Market Size, By Service, 2015-2022 (USD Million)
Table 56 Middle East And Africa: Human Capital Management Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 57 Middle East And Africa: Human Capital Management Market Size, By Organization Size, 2015-2022 (USD Million)
Table 58 Middle East And Africa: Human Capital Management Market Size, By Vertical, 2015-2022 (USD Million)
Table 59 Latin America: Human Capital Management Market Size, By Component, 2015-2022 (USD Million)
Table 60 Latin America: Human Capital Management Market Size, By Software, 2015-2022 (USD Million)
Table 61 Latin America: Human Capital Management Market Size, By Service, 2015-2022 (USD Million)
Table 62 Latin America: Human Capital Management Market Size, By Deployment Model, 2015-2022 (USD Million)
Table 63 Latin America: Human Capital Management Market Size, By Organization Size, 2015-2022 (USD Million)
Table 64 Latin America: Human Capital Management Market Size, By Vertical, 2015-2022 (USD Million)
Table 65 Market Ranking for the Human Capital Management Market

List of Figures
Figure 1 Human Capital Management Market: Market Segmentation
Figure 2 Regional Scope
Figure 3 United States Dollar Exchange Rate, 2014-2016
Figure 4 Human Capital Management Market: Research Design
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, And Region
Figure 6 Data Triangulation
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Top 3 Categories of the Human Capital Management Market During the Period of 2017-2022
Figure 10 North America is Estimated to Hold the Largest Share of the Human Capital Management Market in 2017
Figure 11 Human Capital Management Mobile Applications Are Expected to Provide Attractive Market Opportunity
Figure 12 Bfsi Vertical And North America Are Estimated to Hold the Largest Market Shares in 2017
Figure 13 Cloud Deployment Type is Estimated to Grow at a Higher CAGR in the Human Capital Management Market By 2022
Figure 14 Human Capital Management Services Market is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 15 Small And Medium-Sized Enterprises Segment is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 16 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Asia Pacific And Middle East And Africa Are the Fastest-Growing Regions in the Human Capital Management Market
Figure 18 Human Capital Management Market: Drivers, Restraints, Opportunities, And Challenges
Figure 19 Services Segment is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 20 Sourcing And Recruitment Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Segments And Subsegments of Human Capital Management Market Considered in the Study
Figure 22 Support And Maintenance Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Cloud Deployment Model is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 24 Small And Medium-Sized Enterprises Segment is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 25 Consumer Goods And Retail Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 26 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Regional Snapshot: Asia Pacific is Expected to Grow at the Highest CAGR in the Human Capital Management Market
Figure 28 North America: Market Snapshot
Figure 29 Services Sector is Expected to Grow at a Higher CAGR in North America During the Forecast Period
Figure 30 Services Segment is Expected to Grow at a Higher CAGR in Europe During the Forecast Period of 2015-2022
Figure 31 Asia Pacific: Market Snapshot
Figure 32 Services Segment is Expected to Grow at a Higher CAGR in Asia Pacific During the Forecast Period
Figure 33 Software Segment is Expected to Grow at a Higher CAGR in Middle East And Africa During the Forecast Period
Figure 34 Software Segment is Expected to Grow at a Higher CAGR in Latin America During the Forecast Period
Figure 35 Completive Leadership Mapping, 2017
Figure 36 Workday, Inc.: Company Snapshot
Figure 37 Workday, Inc.: Product Offering Scorecard
Figure 38 Workday, Inc.: Business Strategy Scorecard
Figure 39 Oracle Corporation: Company Snapshot
Figure 40 Oracle Corporation: Product Offering Scorecard
Figure 41 Oracle Corporation: Business Strategy Scorecard
Figure 42 Sap Se: Company Snapshot
Figure 43 Sap Se: Product Offering Scorecard
Figure 44 Sap Se: Business Strategy Scorecard
Figure 45 Kronos, Inc.: Product Offering Scorecard
Figure 46 Kronos, Inc.: Business Strategy Scorecard
Figure 47 Automatic Data Processing, Llc: Company Snapshot
Figure 48 Automatic Data Processing, Llc: Product Offering Scorecard
Figure 49 Automatic Data Processing, Llc: Business Strategy Scorecard
Figure 50 Ultimate Software Group, Inc.: Company Snapshot
Figure 51 Ultimate Software Group, Inc.: Product Offering Scorecard
Figure 52 Ultimate Group Software, Inc.: Business Strategy Scorecard
Figure 53 International Business Machines Corporation: Company Snapshot
Figure 54 International Business Machines Corporation: Product Offering Scorecard
Figure 55 International Business Machines Corporation: Business Strategy Scorecard
Figure 56 Sumtotal Systems, Llc: Product Offering Scorecard
Figure 57 Sumtotal Systems, Llc: Business Strategy Scorecard
Figure 58 Employwise, Inc.: Product Offering Scorecard
Figure 59 Employwise, Inc.: Business Strategy Scorecard
Figure 61 Paycom Software, Inc.: Product Offering Scorecard
Figure 62 Paycom Software, Inc.: Business Strategy Scorecard
Figure 63 Ceridian Hcm, Inc.: Product Offering Scorecard
Figure 64 Ceridian Hcm, Inc.: Business Strategy Scorecard
Figure 65 Peoplestrategy, Inc.: Product Offering Scorecard
Figure 66 Peoplestrategy, Inc.: Business Strategy Scorecard
Figure 67 Infor: Company Snapshot
Figure 68 Infor: Product Offering Scorecard
Figure 69 Infor: Business Strategy Scorecard
Figure 70 Cornerstone Ondemand, Inc.: Company Snapshot
Figure 71 Cornerstone Ondemand, Inc.: Product Offering Scorecard
Figure 72 Cornerstone Ondemand, Inc.: Business Strategy Scorecard

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  • Automatic Data Processing, Llc
  • Ceridian Hcm, Inc.
  • Cornerstone Ondemand, Inc.
  • Employwise, Inc.
  • Infor
  • International Business Machines Corporation
  • Kronos, Inc.
  • Oracle Corporation
  • Paycom Software, Inc.
  • Peoplestrategy, Inc.
  • Sap Se
  • Sumtotal Systems, Llc (A Skillsoft Company)
  • Ultimate Software Group, Inc.
  • Workday, Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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