PUBLISHER: Acute Market Reports | PRODUCT CODE: 1133551
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1133551
Human Capital Management Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
The Rising Demand Among Enterprises to Streamline Operations is Driving the Growth of Human Capital Management Market
Globally, the human capital management market is expected to grow with a CAGR of 8.5% during the forecast period from 2022 to 2030, starting from US$ 17.95 Bn in 2021. The market is driven by the increase demand among organizations to streamline the resource management, payroll, vendor management and other HR functions. As the competition among the organizations is increasing and business models are changing, the organizations are looking for more advance ways to reduce the cost of operations and enhance the efficiency of the business processes. Human capital management solutions enable the organization to address these challenges by offering unified solution for multiple HR functions.
Furthermore, the numerous benefits offered by these solutions such as employee engagement activities, workforce productivity and central management makes it an ideal solution for organizations. However, the data safety and security issues associated with the use of human capital management solutions are acting as a major inhibitor in the growth of the market. Moreover, the reluctance of organization to move from traditional practices to new solutions is also hindering the growth of the market.
Staffing Vendor Management is Estimated to Grow Significantly During the Forecast Period
The human capital management market is bifurcated on the basis of software into core HR functions, workforce management, sourcing and recruiting, application tracking system, along with staffing vendor management. Sourcing and recruiting accounted for more than 30% share in the revenue in 2020. The growth of the market is attributed to the integration of advance technologies such as AI and Big Data to source talented professionals. Furthermore, the need among the organizations is to centrally manage all the job applications and candidates also drive the market growth. On the other hand, staffing vendor management solutions are estimated to grow significantly during the forecast period.
North America is Leading the Human Capital Management Market
North America accounted for more than 37% share in the human capital management market in 2020. The market growth is credited to the early adoption of software as service solutions across the region. Furthermore, the growing adoptions of mobility solutions among the enterprises are also acting as a major driver for the growth of the market. Asia Pacific is estimated to gain significant growth during the forecast period. The market is driven by the increasing adoption of cloud services across the region.
The key players in the human capital management market are Accenture PLC, Automatic Data Processing (ADP), Cezanne HR Ltd, Ceridian HCM, IBM Corporation, Kronos Incorporated, Mercer LLC, NetSuite, Oracle Corporation, PricewaterhouseCoopers, SAP SE, Talentsoft, Ultimate Software, and Workday.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Human Capital Management market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Human Capital Management market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Million
Segmentation
Software
Core HR
Workforce Management
Sourcing & Recruitment
Applicant Tracking System
Staffing Vendor Management
Others
Service
Integration
Support & Maintenance
Consulting
Deployment
On-Premise
Cloud
Application
BFSI
Government
Manufacturing
Telecom & IT
Consumer Goods & Retail
Healthcare & Lifescience
Energy & Utility
Transportation & Logistics
Others
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
Pre Covid-19 situation
Post Covid-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Human Capital Management market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Human Capital Management market?
Which is the largest regional market for Human Capital Management market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Human Capital Management market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Human Capital Management market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Human Capital Management Market
- 2.2. Global Human Capital Management Market, By Software, 2021 (US$ Million)
- 2.3. Global Human Capital Management Market, By Service, 2021 (US$ Million)
- 2.4. Global Human Capital Management Market, By Deployment, 2021 (US$ Million)
- 2.5. Global Human Capital Management Market, By Application, 2021 (US$ Million)
- 2.6. Global Human Capital Management Market, By Geography, 2021 (US$ Million)
- 2.7. Impact of Covid 19
- 2.8. Attractive Investment Proposition by Geography, 2021
- 2.9. Competitive Analysis
- 2.9.1. Market Positioning of Key Human Capital Management Market Vendors
- 2.9.2. Strategies Adopted by Human Capital Management Market Vendors
- 2.9.3. Key Industry Strategies
3. Human Capital Management Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Human Capital Management Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Human Capital Management Market: By Software, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Core HR
- 4.3.2. Workforce Management
- 4.3.3. Sourcing & Recruitment
- 4.3.4. Applicant Tracking System
- 4.3.5. Staffing Vendor Management
- 4.3.6. Others
5. Human Capital Management Market: By Service, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Integration
- 5.3.2. Support & Maintenance
- 5.3.3. Consulting
6. Human Capital Management Market: By Deployment, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. On-Premise
- 6.3.2. Cloud
7. Human Capital Management Market: By Application, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2021 Versus 2030
- 7.3. Market Segmentation
- 7.3.1. BFSI
- 7.3.2. Government
- 7.3.3. Manufacturing
- 7.3.4. Telecom & IT
- 7.3.5. Consumer Goods & Retail
- 7.3.6. Healthcare & Lifescience
- 7.3.7. Energy & Utility
- 7.3.8. Transportation & Logistics
- 7.3.9. Others
8. North America Human Capital Management Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Human Capital Management Market: By Software, 2020-2030, USD (Million)
- 8.3. Human Capital Management Market: By Service, 2020-2030, USD (Million)
- 8.4. Human Capital Management Market: By Deployment, 2020-2030, USD (Million)
- 8.5. Human Capital Management Market: By Application, 2020-2030, USD (Million)
- 8.6.Human Capital Management Market: By Region, 2020-2030, USD (Million)
- 8.6.1.North America
- 8.6.1.1. U.S.
- 8.6.1.2. Canada
- 8.6.1.3. Rest of North America
- 8.6.1.North America
9. UK and European Union Human Capital Management Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Human Capital Management Market: By Software, 2020-2030, USD (Million)
- 9.3. Human Capital Management Market: By Service, 2020-2030, USD (Million)
- 9.4. Human Capital Management Market: By Deployment, 2020-2030, USD (Million)
- 9.5. Human Capital Management Market: By Application, 2020-2030, USD (Million)
- 9.6.Human Capital Management Market: By Region, 2020-2030, USD (Million)
- 9.6.1.UK and European Union
- 9.6.1.1. UK
- 9.6.1.2. Germany
- 9.6.1.3. Spain
- 9.6.1.4. Italy
- 9.6.1.5. France
- 9.6.1.6. Rest of Europe
- 9.6.1.UK and European Union
10. Asia Pacific Human Capital Management Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Human Capital Management Market: By Software, 2020-2030, USD (Million)
- 10.3. Human Capital Management Market: By Service, 2020-2030, USD (Million)
- 10.4. Human Capital Management Market: By Deployment, 2020-2030, USD (Million)
- 10.5. Human Capital Management Market: By Application, 2020-2030, USD (Million)
- 10.6.Human Capital Management Market: By Region, 2020-2030, USD (Million)
- 10.6.1.Asia Pacific
- 10.6.1.1. China
- 10.6.1.2. Japan
- 10.6.1.3. India
- 10.6.1.4. Australia
- 10.6.1.5. South Korea
- 10.6.1.6. Rest of Asia Pacific
- 10.6.1.Asia Pacific
11. Latin America Human Capital Management Market, 2020-2030, USD (Million)
- 11.1. Market Overview
- 11.2. Human Capital Management Market: By Software, 2020-2030, USD (Million)
- 11.3. Human Capital Management Market: By Service, 2020-2030, USD (Million)
- 11.4. Human Capital Management Market: By Deployment, 2020-2030, USD (Million)
- 11.5. Human Capital Management Market: By Application, 2020-2030, USD (Million)
- 11.6.Human Capital Management Market: By Region, 2020-2030, USD (Million)
- 11.6.1.Latin America
- 11.6.1.1. Brazil
- 11.6.1.2. Mexico
- 11.6.1.3. Rest of Latin America
- 11.6.1.Latin America
12. Middle East and Africa Human Capital Management Market, 2020-2030, USD (Million)
- 12.1. Market Overview
- 12.2. Human Capital Management Market: By Software, 2020-2030, USD (Million)
- 12.3. Human Capital Management Market: By Service, 2020-2030, USD (Million)
- 12.4. Human Capital Management Market: By Deployment, 2020-2030, USD (Million)
- 12.5. Human Capital Management Market: By Application, 2020-2030, USD (Million)
- 12.6.Human Capital Management Market: By Region, 2020-2030, USD (Million)
- 12.6.1.Middle East and Africa
- 12.6.1.1. GCC
- 12.6.1.2. Africa
- 12.6.1.3. Rest of Middle East and Africa
- 12.6.1.Middle East and Africa
13. Company Profile
- 13.1. Accenture PLC
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. Automatic Data Processing
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. Cezanne HR Ltd.
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Ceridian HCM
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. IBM Corporation
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. Kronos Incorporated
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
- 13.7. Mercer LLC
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
- 13.8. Netsuit
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
- 13.9. Oracle Corporation
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
- 13.10. PricewaterhouseCoopers
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
- 13.11. SAP SE
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives
- 13.12. Talentsoft
- 13.12.1. Company Overview
- 13.12.2. Financial Performance
- 13.12.3. Product Portfolio
- 13.12.4. Strategic Initiatives
- 13.13. Ultimate Software
- 13.13.1. Company Overview
- 13.13.2. Financial Performance
- 13.13.3. Product Portfolio
- 13.13.4. Strategic Initiatives
- 13.14. Workday
- 13.14.1. Company Overview
- 13.14.2. Financial Performance
- 13.14.3. Product Portfolio
- 13.14.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Human Capital Management Market By Software, 2020-2030, USD (Million)
- TABLE 2 Global Human Capital Management Market By Service, 2020-2030, USD (Million)
- TABLE 3 Global Human Capital Management Market By Deployment, 2020-2030, USD (Million)
- TABLE 4 Global Human Capital Management Market By Application, 2020-2030, USD (Million)
- TABLE 5 North America Human Capital Management Market By Software, 2020-2030, USD (Million)
- TABLE 6 North America Human Capital Management Market By Service, 2020-2030, USD (Million)
- TABLE 7 North America Human Capital Management Market By Deployment, 2020-2030, USD (Million)
- TABLE 8 North America Human Capital Management Market By Application, 2020-2030, USD (Million)
- TABLE 9 UK and European Union Human Capital Management Market By Software, 2020-2030, USD (Million)
- TABLE 10 UK and European Union Human Capital Management Market By Service, 2020-2030, USD (Million)
- TABLE 11 UK and European Union Human Capital Management Market By Deployment, 2020-2030, USD (Million)
- TABLE 12 UK and European Union Human Capital Management Market By Application, 2020-2030, USD (Million)
- TABLE 13 Asia Pacific Human Capital Management Market By Software, 2020-2030, USD (Million)
- TABLE 14 Asia Pacific Human Capital Management Market By Service, 2020-2030, USD (Million)
- TABLE 15 Asia Pacific Human Capital Management Market By Deployment, 2020-2030, USD (Million)
- TABLE 16 Asia Pacific Human Capital Management Market By Application, 2020-2030, USD (Million)
- TABLE 17 Latin America Human Capital Management Market By Software, 2020-2030, USD (Million)
- TABLE 18 Latin America Human Capital Management Market By Service, 2020-2030, USD (Million)
- TABLE 19 Latin America Human Capital Management Market By Deployment, 2020-2030, USD (Million)
- TABLE 20 Latin America Human Capital Management Market By Application, 2020-2030, USD (Million)
- TABLE 21 Middle East and Africa Human Capital Management Market By Software, 2020-2030, USD (Million)
- TABLE 22 Middle East and Africa Human Capital Management Market By Service, 2020-2030, USD (Million)
- TABLE 23 Middle East and Africa Human Capital Management Market By Deployment, 2020-2030, USD (Million)
- TABLE 24 Middle East and Africa Human Capital Management Market By Application, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Human Capital Management Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Human Capital Management Market: Quality Assurance
- FIG. 5 Global Human Capital Management Market, By Software, 2021
- FIG. 6 Global Human Capital Management Market, By Service, 2021
- FIG. 7 Global Human Capital Management Market, By Deployment, 2021
- FIG. 8 Global Human Capital Management Market, By Application, 2021
- FIG. 9 Global Human Capital Management Market, By Geography, 2021
- FIG. 10 Global Human Capital Management Market, By Software, 2021 Vs 2030, %
- FIG. 11 Global Human Capital Management Market, By Service, 2021 Vs 2030, %
- FIG. 12 Global Human Capital Management Market, By Deployment, 2021 Vs 2030, %
- FIG. 13 Global Human Capital Management Market, By Application, 2021 Vs 2030, %
- FIG. 14 U.S. Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 15 Canada Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 16 Rest of North America Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 17 UK Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 18 Germany Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 19 Spain Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 20 Italy Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 21 France Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 22 Rest of Europe Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 23 China Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 24 Japan Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 25 India Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 26 Australia Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 27 South Korea Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 28 Rest of Asia Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 29 Brazil Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 30 Mexico Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 31 Rest of Latin America Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 32 GCC Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 33 Africa Human Capital Management Market (US$ Million), 2020 - 2030
- FIG. 34 Rest of Middle East and Africa Human Capital Management Market (US$ Million), 2020 - 2030
