Human Capital Management Market size was valued at US$ 21.20 Bn. in 2022 and is expected to grow at a CAGR of 9.3% through 2023 to 2029. Software segment leads the Global Human Capital Management Market by 2029.
Human Capital Management Market Overview:
This study categorises the Human Capital Management market in order to anticipate revenues and analyse trends in each of the sub-markets listed below.
The Competition Strategic Window investigates the competition landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their strengths and future growth possibilities.
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Human Capital Management Market Scope:
The Human Capital Management Industry research provides readers with a more in-depth insight of the market and competitive landscape, helping them to make better decisions on market growth and expansion. The study includes a participant summary, revenue figures, capital investment, and worldwide Human Capital Management market growth rates.
Human Capital Management Market Segmentation:
The market is divided into two segments: software and services, depending on the component. By 2029, the software industry is predicted to have the biggest market share, or xx%. Software adoption is more demanded when it comes to managing the full lifecycle of employees and meeting regulatory requirements. A collection of human resource applications known as human capital management software helps businesses manage their workforces through hiring, onboarding, training, and performance reviews.
The market is divided into On-premises and Cloud segments based on the Deployment Model. It is anticipated that the on-premises segment will expand at a compound annual growth rate (CAGR) of xxx% from 2023 to 2029. Because customers have control over who can access and where organizational data is stored, on-premises HCM software is more secure and faster.
Market segmentation is based on vertical and includes the following categories: Government, Manufacturing, Telecom and IT, Banking, Financial Services and Insurance (BFSI), Consumer Goods and Retail, Healthcare and Life Sciences, Energy and Utilities, Transportation and Logistics, and Others (Hospitality, Education, and Media and Entertainment). Throughout the forecast period of 2023–2029, the telecom and IT as well as the banking, financial services, and insurance (BFSI) segment are anticipated to grow at a CAGR of xx% and xx%, respectively. The primary factor propelling the expansion of both of these segments in the global market during the forecast period 2023–2029 is the increasing demand for HCM software in the BFSI and Telecom & IT industries due to the software’s many advantages.
1 Global Human Capital Management Market, by Component (2022-2029)
• Software
• Services
2 Global Human Capital Management Market, by Deployment Model (2022-2029)
• On-premises
• Cloud
3 Global Human Capital Management Market, by Organization Size (2022-2029)
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
4 Global Human Capital Management Market, by Vertical (2022-2029)
• Banking, Financial Services, and Insurance (BFSI)
• Government
• Manufacturing
• Telecom and IT
• Consumer Goods and Retail
• Healthcare and Life Sciences
• Energy and Utilities
• Transportation and Logistics
• Others (Hospitality, Education, and Media and Entertainment)
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Human Capital Management Market Key Players: The key players are
1. ABB
2. Check Point Software Technologies
3. Belden
4. Fortinet
5. Cisco Systems
6. Honeywell
7. General Electric
8. Siemens
9. Honeywell International
10.Fireeye
11.Indegy
12.Mcafee
13.Securitymatters
14.Carbon Black
15.Ultimate Software
16.Workday
17.Oracle
18.ADP
19.Ceridian
20.SumTotal
21.Talentsoft
22.EmployWise
23.Meta4
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Human Capital Management Market Regional Analysis:
The Human Capital Management market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Human Capital Management market share and will continue to be a major shareholder in the global Human Capital Management market.
COVID-19 Impact Analysis on Human Capital Management Market: The COVID-19 impact on the Human Capital Management market is also included in the report
Key Questions Answered in the Human Capital Management Market Report are:
- What will be the CAGR of the Human Capital Management market during the forecast period?
- Which segment emerged as the leading segment in the Human Capital Management market?
- Which are the prominent players in the Human Capital Management market?
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