Human Capital Management (HCM) Software Market To Register a CAGR of Nearly 9% — Global Forecast 2023
October 14, 2019 by Market-NewsFlash
Global Human Capital Management Software Market, By Software (Core HR, Workforce Management, Staffing Vendor Management), Services, Deployment, End User (Healthcare, Telecom, Energy) Forecast till 2023
The study reveals that North America region dominates the human capital management software market. With the increasing number of industries and their company expansion has result into the increasing use of human capital management software. Human capital management is the set of practices, which focuses on providing specific competencies in the organization such as workforce acquisition, management, and optimization.
The human capital management software supports the organizations to take the appropriate decisions about employees by monitoring their performance throughout.
The North America region is experiencing higher demand from various sectors such manufacturing, healthcare, telecom, energy, retail, logistics and transportation and others. These software helps the companies find the right talent, improve capabilities, and grow their business. The prominent companies such as Ultimate Software Group, Inc. (U.S), Zoho Corporation (India), WebHR (U.S), CakeHR (U.K), Epicor Software Corporation (U.S), Infor (U.S), Kronos Incorporated (U.S), The Sage Group plc. (U.S) are providing human capital management software solutions to improve signal processing functions.
Due to the changing market trends & emerging opportunities, human capital management software market is estimated to grow rapidly with a huge demand in the market.
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Global Human Capital Management Software Market Segmentation
The global human capital management software market is segmented into software, services, organizations, deployment, application, end users, and region. The software are segmented into core HR, workforce management, sourcing and recruiting, applicant tracking system, staffing vendor management and others. The services are segmented into integration, support and maintenance, consulting and others. The deployments are segmented into on premise & on cloud.
The organizations are segmented into small- mid size and large enterprises. The applications are segmented analytics, training and recruitment, payroll, HR planning and others. The end users are segmented into BFSI, manufacturing, healthcare, telecom, energy, retail, logistics and transportation and others. The region includes North America, Europe, Asia Pacific, and rest of the world.
The prominent players in the global human capital management software market: Oracle Corporation (U.S.), SAP SE (Germany), International Business Machines Corporation (U.S.), NetSuite Inc. (U.S.), Workday, Inc. (U.S.), Ultimate Software Group, Inc. (U.S.), ADP, LLC (U.S.), Cornerstone OnDemand (U.S.), Benefitfocus Inc. (U.S.), BambooHR (U.S), PeopleFluent (U.S), Ultimate Software Group, Inc. (U.S), Zoho Corporation (India), WebHR (U.S), CakeHR (U.K), Epicor Software Corporation (U.S), Infor (U.S), Kronos Incorporated (U.S), The Sage Group plc. (U.S) and among others.
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Human Capital Management Software Market is expected to grow at USD 24 billion by 2023 | Human…Read on marketresearchfuture.com
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