October 18, 2019 by Market-NewsFlash
Global Human Capital Management Software Market, By Software (Core HR, Workforce Management, Staffing Vendor Management), Services (Integration, Consulting), Deployment (on Premise, On Cloud), 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 global human capital management software market is expected to reach USD ~ 24 billion at a CAGR of over 9% by the end of the forecast period.
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Region-specific segmentation of the market spans across Asia Pacific (APAC), North America, Europe and Rest-of-the-World (RoW).
Automation has percolated every sphere of the North American market owing to which HCMS is finding huge traction in this region. The region also earns the most in the world from this sector. Its affinity for technological upgradation has laid the building blocks for the market and assisted it in achieving the most market revenue. Developing future leaders, installing transparent processes, and implementing digital HR experience in the organizations are also triggering the growth significantly.
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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