Global Human Capital Management (HCM) Solutions Market 2023-2027

Description

List of Tables

Technavio has been monitoring the human capital management (HCM) solutions market and is forecast to grow by $11195.8 mn during 2022-2027, accelerating at a CAGR of 8.45% during the forecast period. Our report on the human capital management (HCM) solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the demand for automated recruitment processes, increasing demand for unified solutions for all hr functions, and increasing workforce diversity.

Technavio's human capital management (HCM) solutions market is segmented as below:

By Application

Core HR
Talent
Workforce

By Component

Solution
Service

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the emergence of cloud-computing services as one of the prime reasons driving the human capital management (HCM) solutions market growth during the next few years. Also, the increased popularity of advanced workforce analytics and increased demand from SMEs will lead to sizable demand in the market.

Human capital management (HCM) solutions market sizing
Human capital management (HCM) solutions market forecast
Human capital management (HCM) solutions market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading human capital management (HCM) solutions market vendors that include Asure Software Inc., Automatic Data Processing Inc., Cegid SA, Ceridian HCM Holding Inc., Cognizant Technology Solutions Corp., EmployWise, Inplenion, Koch Industries Inc., Kronos Inc., OnePoint Human Capital Management, Oracle Corp., PeopleStrategy Corp., Ramco Systems Ltd., Safeguard World International LLC, SAP SE, SolutionDot, Talentia Software Group, The Goldman Sachs Group Inc., Workday Inc., and WorkForce Software LLC. Also, the human capital management (HCM) solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Product Code: IRTNTR40495

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Component
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global human capital management (HCM) solutions market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global human capital management (HCM) solutions market 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 Component Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Component Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Core HR - Market size and forecast 2022-2027
Exhibit 34: Chart on Core HR - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Core HR - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Core HR - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Core HR - Year-over-year growth 2022-2027 (%)
6.4 Talent - Market size and forecast 2022-2027
Exhibit 38: Chart on Talent - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Talent - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Talent - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Talent - Year-over-year growth 2022-2027 (%)
6.5 Workforce - Market size and forecast 2022-2027
Exhibit 42: Chart on Workforce - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Workforce - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Workforce - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Workforce - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Application
Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Component

7.1 Market segments
Exhibit 47: Chart on Component - Market share 2022-2027 (%)
Exhibit 48: Data Table on Component - Market share 2022-2027 (%)
7.2 Comparison by Component
Exhibit 49: Chart on Comparison by Component
Exhibit 50: Data Table on Comparison by Component
7.3 Solution - Market size and forecast 2022-2027
Exhibit 51: Chart on Solution - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Solution - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Solution - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Solution - Year-over-year growth 2022-2027 (%)
7.4 Service - Market size and forecast 2022-2027
Exhibit 55: Chart on Service - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Service - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Service - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Service - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Component
Exhibit 59: Market opportunity by Component ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 61: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 62: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Germany - Market size and forecast 2022-2027
Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.10 India - Market size and forecast 2022-2027
Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)
9.11 UK - Market size and forecast 2022-2027
Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.12 Japan - Market size and forecast 2022-2027
Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 105: Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 Asure Software Inc.
Exhibit 112: Asure Software Inc. - Overview
Exhibit 113: Asure Software Inc. - Product / Service
Exhibit 114: Asure Software Inc. - Key offerings
12.4 Automatic Data Processing Inc.
Exhibit 115: Automatic Data Processing Inc. - Overview
Exhibit 116: Automatic Data Processing Inc. - Business segments
Exhibit 117: Automatic Data Processing Inc. - Key news
Exhibit 118: Automatic Data Processing Inc. - Key offerings
Exhibit 119: Automatic Data Processing Inc. - Segment focus
12.5 Cegid SA
Exhibit 120: Cegid SA - Overview
Exhibit 121: Cegid SA - Product / Service
Exhibit 122: Cegid SA - Key offerings
12.6 Ceridian HCM Holding Inc.
Exhibit 123: Ceridian HCM Holding Inc. - Overview
Exhibit 124: Ceridian HCM Holding Inc. - Product / Service
Exhibit 125: Ceridian HCM Holding Inc. - Key news
Exhibit 126: Ceridian HCM Holding Inc. - Key offerings
12.7 Cognizant Technology Solutions Corp.
Exhibit 127: Cognizant Technology Solutions Corp. - Overview
Exhibit 128: Cognizant Technology Solutions Corp. - Business segments
Exhibit 129: Cognizant Technology Solutions Corp. - Key news
Exhibit 130: Cognizant Technology Solutions Corp. - Key offerings
Exhibit 131: Cognizant Technology Solutions Corp. - Segment focus
12.8 Inplenion
Exhibit 132: Inplenion - Overview
Exhibit 133: Inplenion - Product / Service
Exhibit 134: Inplenion - Key offerings
12.9 Koch Industries Inc.
Exhibit 135: Koch Industries Inc. - Overview
Exhibit 136: Koch Industries Inc. - Product / Service
Exhibit 137: Koch Industries Inc. - Key news
Exhibit 138: Koch Industries Inc. - Key offerings
12.10 Kronos Inc.
Exhibit 139: Kronos Inc. - Overview
Exhibit 140: Kronos Inc. - Product / Service
Exhibit 141: Kronos Inc. - Key offerings
12.11 OnePoint Human Capital Management
Exhibit 142: OnePoint Human Capital Management - Overview
Exhibit 143: OnePoint Human Capital Management - Product / Service
Exhibit 144: OnePoint Human Capital Management - Key offerings
12.12 Oracle Corp.
Exhibit 145: Oracle Corp. - Overview
Exhibit 146: Oracle Corp. - Business segments
Exhibit 147: Oracle Corp. - Key news
Exhibit 148: Oracle Corp. - Key offerings
Exhibit 149: Oracle Corp. - Segment focus
12.13 Ramco Systems Ltd.
Exhibit 150: Ramco Systems Ltd. - Overview
Exhibit 151: Ramco Systems Ltd. - Business segments
Exhibit 152: Ramco Systems Ltd. - Key offerings
Exhibit 153: Ramco Systems Ltd. - Segment focus
12.14 Safeguard World International LLC
Exhibit 154: Safeguard World International LLC - Overview
Exhibit 155: Safeguard World International LLC - Product / Service
Exhibit 156: Safeguard World International LLC - Key offerings
12.15 SAP SE
Exhibit 157: SAP SE - Overview
Exhibit 158: SAP SE - Business segments
Exhibit 159: SAP SE - Key news
Exhibit 160: SAP SE - Key offerings
Exhibit 161: SAP SE - Segment focus
12.16 Talentia Software Group
Exhibit 162: Talentia Software Group - Overview
Exhibit 163: Talentia Software Group - Product / Service
Exhibit 164: Talentia Software Group - Key offerings
12.17 Workday Inc.
Exhibit 165: Workday Inc. - Overview
Exhibit 166: Workday Inc. - Product / Service
Exhibit 167: Workday Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 168: Inclusions checklist
Exhibit 169: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 170: Currency conversion rates for US$
13.4 Research methodology
Exhibit 171: Research methodology
Exhibit 172: Validation techniques employed for market sizing
Exhibit 173: Information sources
13.5 List of abbreviations
Exhibit 174: List of abbreviations