Allied Market Research
Loading...
0

Human Capital Management Market Expected to Reach $22,174 Million by 2023

 

Report Code : A02151

quote The HCM market is expected to witness average growth rate of 7.8% during the forecast period, due to increase in demand for unified HCM suite, increase in adoption of cloud-based HCM solution, and growth in need to streamline HR operations. quote

Chandani Poddar
Research Analyst, ICT & Media at AMR.

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, Human Capital Management Market by Component, Deployment Type and Industry Verticals: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global HCM market was valued at $13,004 million in 2016, and is projected to reach at $22,174 million by 2023, growing at a CAGR of 7.8% from 2017 to 2023. Managed services segment is anticipated to witness the highest growth rate during the forecast period.

Access Full Summary at: https://www.alliedmarketresearch.com/human-capital-management-HCM-market

North America was the highest revenue contributor in the global market in 2016, due to increase in need to automate HR processes such as talent management, performance management, and compensation management. In addition, increase in adoption of cloud-based solutions and low deployment cost & maintenance expense fuel the growth of the market. In addition, Asia-Pacific is anticipated to witness a significant growth rate during the forecast period, owing to the growth in need to streamline HR function, increase in adoption of HCM solution among SMEs, and other factors.

In 2016, the services segment accounted for the highest share in the market. Further the managed services is anticipated to witness the highest growth rate from 2017 to 2023, owing to reduced time and cost linked with optimizing the system in the initial phase of deployment, post production support and empowering organizations to transition smoothly.

The key players profiled in the study include ADP LLC, Cornerstone OnDemand, Epicor Software Corporation, IBM Corporation, Infor, Kronos, Inc., Oracle Corporation, SAP SE, SumTotal Systems, LLC, and Ultimate Software Group, Inc. These players have adopted competitive strategies, such as geographical expansions, mergers & acquisitions, new product launches, and partnerships & collaborations, to expand the growth of the HCM market.

Key Findings of the Human Capital Management Market:

  • The services segment accounted for the highest share in the global human capital management market in 2016, growing at a CAGR of 7.8% from 2017 to 2023.
  • Managed services is projected to witness the highest growth rate of 10.4%.
  • North America generated the highest share of $7,439 million, in terms of revenue, in 2016.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Human Capital Management Market by Component (Software and Services), by Deployment Type (Cloud and On-Premises), and by Industry Verticals (BFSI, Retail, IT & Telecommunication, Healthcare, Hospitality, Government, Manufacturing, and Others) - Global Opportunity Analysis and Industry Forecast, 2016-2023 quote

View Report
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 3,515 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Human Capital Management Market"
Purchase Enquiry