Human Capital Management market by Component - Global Opportunity Analysis and Industry Forecast, 2016-2023

  • ID: 4403184
  • Report
  • Region: Global
  • 163 pages
  • Allied Analytics LLP
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Human capital management (HCM) provides solutions to streamline human resource functions, which include the management of employee profile, time & attendance, payroll & compensation, benefits & perks, training & development, and workforce analytics. Several key industry players, such as Cornerstone OnDemand, Kronos, SAP SE, and IBM Corporation, offer solutions to cater to the need of process automation for various user types, including small & medium enterprises (SMEs) and large enterprises. Moreover, compared to on-premises and other traditional alternatives, adoption of cloud-based HCM solutions is on an increase due to benefits such as low cost of deployment, reduced maintenance expenses, unlimited storing capacity, and remote access through web and mobile from any place, and at any time.

Increase in adoption of cloud-based HCM solutions across several industry verticals, such as banking, financial services, and insurance (BFSI), retail, healthcare, manufacturing, telecommunication & IT drives the HCM market. In addition, the growth in need to streamline human resources operations fuels the market. Further, need for improved workforce management and need to automate HR processes drives the HCM market towards growth. However, data security and privacy concerns due to cloud-based deployment is expected to hinder the market growth. In addition, stringent government regulations and resistance to change the traditional approach or adopt new solutions is anticipated to hamper the HCM market.

The global human capital management market is segmented on the basis of component, deployment type, industry vertical, and geography. Further on the basis of solution, it is divided into core HR, recruiting, workforce management, compensation & payroll, and others. On the basis service, it is categorized into managed service and professional service. By deployment model, it is categorized into cloud and on-premises. By industry vertical, it is divided into BFSI, retail, IT & telecommunication, healthcare, hospitality, government, manufacturing, and others (education, transportation, energy & utilities, and media & entertainment). By geography, it is analysed across North America, Europe, Asia-Pacific, and LAMEA including country-level analysis for each region.

Significant players operating in the human capital management market are ADP LLC, Cornerstone OnDemand, Epicor Software Corporation, IBM Corporation, Infor Incorporation, Kronos Incorporated, Oracle Corporation, SAP SE, SumTotal Systems, and Ultimate Software. These players are involved in various strategic developments, such as partnerships, product portfolio expansions, collaborations, and others to increase their penetration in the market.

KEY BENEFITS FOR STAKEHOLDERS

The report provides in-depth analysis of the human capital management market, outlining current trends, key driving factors, and potential areas for product investments.
Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
Holistic approach of segmentation is carried out through in-depth market study and discussions with several industries expertise globally for the market.
The report provides highlights of top investment pockets, key impacting factors, and wining strategies for the market.
Key players positioning is derived with thorough consideration of their industry penetration, product expansion, and strategic developments in the recent years.

KEY MARKET SEGMENTS

BY COMPONENT

Software
Core HR
Recruiting
Workforce Management
Compensation & Payroll
Others
Service
Managed Service
Professional

BY DEPLOYMENT TYPE

Cloud
On-Premises

BY INDUSTRY VERTICALS

Banking Financial Services and Insurance (BFSI)
Retail
It & Telecommunication
Healthcare
Hospitality
Government
Manufacturing
Others

BY REGION

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

KEY PLAYERS

ADP LLC
Cornerstone OnDemand, Inc.
Epicor Software Corporation
IBM Corporation
Infor
Kronos, Inc.
Oracle Corporation
SAP SE,
SumTotal Systems, LLC
Ultimate Software Group, Inc.
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CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. RESEARCH METHODOLOGY

1.3.1. Primary research
1.3.2. Secondary research
1.3.3. Analyst tools and models
1.3.4. Market segmentation

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies
3.2.2. Top investment pockets
3.2.3. Top impacting factors

3.2.3.1. Rise in adoption of cloud based HCM software
3.2.3.2. Growing need to streamline HR operations
3.2.3.3. Increasing demand for HCM unified HCM solution
3.2.3.4. Data Security and privacy concern related to cloud deployment
3.2.3.5. Need to comply with government regulations
3.2.3.6. Increasing Popularity of workforce analytics solution
3.2.3.7. Rising adoption of digital HR technology

3.3. PORTERS FIVE FORCES

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry

3.4. MARKET PLAYER POSITIONING
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Rise in adoption of cloud based HCM software
3.5.1.2. Growing need to streamline HR operations
3.5.1.3. Increasing demand for a unified HCM suite

3.5.2. Restraints

3.5.2.1. Data security and privacy concerns due to cloud based deployment
3.5.2.2. Need to comply with government regulations

3.5.3. Opportunities

3.5.3.1. Increasing popularity of workforce analytics solutions
3.5.3.2. Increasing adoption digital HR technology

CHAPTER 4 HCM MARKET, BY COMPONENT

4.1. OVERVIEW
4.2. SOLUTION
4.3. CORE HR

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. RECRUITING

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

4.5. WORKFORCE MANAGEMENT

4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast

4.6. COMPENSATION & PAYROLL

4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast

4.7. OTHERS (LEARNING, APPLIANT TRACKING & ONBOARING)

4.7.1. Key market trends
4.7.2. Key growth factors and opportunities
4.7.3. Market size and forecast

4.8. SERVICES
4.9. MANAGED SERVICE

4.9.1. Key market trends
4.9.2. Key growth factors and opportunities
4.9.3. Market size and forecast

4.10. PROFESSIONAL SERVICE

4.10.1. Key market trends
4.10.2. Key growth factors and opportunities
4.10.3. Market size and forecast

CHAPTER 5 HCM MARKET, BY DEPLOYMENT MODEL

5.1. OVERVIEW
5.2. CLOUD

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. ON-PREMISES

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

CHAPTER 6 HCM MARKET, BY INDUSTRY VERTICALS

6.1. OVERVIEW
6.2. BANKING FINANCIAL SERVICES AND INSURANCE(BFSI)

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. RETAIL

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.4. IT & TELECOMMUNICATION

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

6.5. HEALTHCARE

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast

6.6. HOSPITALITY

6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast

6.7. GOVERNMENT

6.7.1. Key market trends
6.7.2. Key growth factors and opportunities
6.7.3. Market size and forecast

6.8. MANUFACTURING

6.8.1. Key market trends
6.8.2. Key growth factors and opportunities
6.8.3. Market size and forecast

6.9. OTHERS (EDUCATION, TRANSPORTATION, ENERGY & UTILITIES AND MEDIA & ENTERTAINMENT)

6.9.1. Key market trends
6.9.2. Key growth factors and opportunities
6.9.3. Market size and forecast

CHAPTER 7 HCM MARKET, BY GEOGRAPHY

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.4. U.S.
7.2.5. Canada
7.2.6. Mexico

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.4. UK
7.3.5. Germany
7.3.6. France
7.3.7. Russia
7.3.8. Rest of Europe

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.4. China
7.4.5. India
7.4.6. Japan
7.4.7. Australia
7.4.8. Rest of Asia-Pacific

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Latin America
7.5.5. Middle East
7.5.6. Africa

CHAPTER 8 COMPANY PROFILES

8.1. ADP, LLC

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.1.6. Key strategic moves and developments

8.2. CORNERSTONE ONDEMAND, INC.

8.2.1. Company overview
8.2.2. Operating business segments
8.2.3. Product portfolio
8.2.4. Business performance
8.2.5. Key strategic moves and developments

8.3. EPICOR SOFTWARE CORPORATION

8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Product portfolio
8.3.4. Business performance
8.3.5. Key strategic moves and developments

8.4. IBM CORPORATION

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments

8.5. INFOR

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments

8.6. KRONOS, INC.

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.6.6. Key strategic moves and developments

8.7. ORACLE CORPORATION

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.7.6. Key strategic moves and developments

8.8. SAP SE

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves and developments

8.9. SUMTOTAL SYSTEMS, LLC

8.9.1. Company overview
8.9.2. Operating business segments
8.9.3. Product portfolio
8.9.4. Business performance
8.9.5. Key strategic moves and developments

8.10. THE ULTIMATE SOFTWARE GROUP, INC.

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance
8.10.6. Key strategic moves and developments
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