Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Human Capital Management Software Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
The Human Capital Management Software market was valued at USD 16.7 billion in 2019 and is expected to reach USD 24.64 billion by 2025, at a CAGR of 6.7% over the forecast period 2020 – 2025.
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Top Companies operating in the Global Human Capital Management Software market profiled in the report:– SAP AG, Oracle Corporation, Workday, Inc., Ultimate Software Group, Inc., ADP, LLC., Ceridian HCM Holding Inc., Infor, Kronos Incorporated, Meta4 Global, Talentia Software, IBM Systems, SumTotal Systems, LLC, PeopleFluent, Inc. (Learni2ng Technologies Group Plc)
Scope of the Report
The human capital management (HCM) software, an enterprise application solution has been the need across all the enterprises as they automate the cumbersome clerical tasks related to employee data, payroll, and benefits administration. However, the growth of the HCM software market in the recent time is due to the huge opportunities arising from the growing SMEs across regions.
Key Market Trends
Cloud to Dominate the Market
– The feature-richness, ease of use, and data capacity characteristics of the cloud-based applications are driving the cloud adoption across all enterprise application solutions of which CRM and HCM were the first to be taken to the cloud.
– The cloud-based HCM solutions are enabling enterprises to make effective employee engagement tools leveraging the social media integration, and other APIs for learning, coaching and recruiting tools that disrupt the market.
– In 2018, Oracle in their cloud predictions forecasted that by 2020, 50% of production workloads in regulated industries will migrate to the cloud.
– Anticipating the growth in the cloud adoption across enterprises, the HCM vendors are also offering cloud-based solutions while continuing their on-premise offerings, but with lesser focus on innovation compared to the cloud-based solutions.
Global Human Capital Management Software Market Split by Product Type and Applications:
Market Segment by Type, covers:
Regional Analysis For Human Capital Management Software Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Human Capital Management Software Market Report:
-Comprehensive assessment of all opportunities and risk in the Human Capital Management Software market.
-Human Capital Management Software market recent innovations and major events.
-Detailed study of business strategies for growth of the Human Capital Management Software market-leading players.
-Conclusive study about the growth plot of Human Capital Management Software market for forthcoming years.
-In-depth understanding of Human Capital Management Software market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Human Capital Management Software market.
Human Capital Management Software Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Human Capital Management Software Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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