According to the latest report from the IMARC group, entitled “human capital management market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,“providing the global human capital management market has shown strong growth during 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 11% during the period 2021-2026.
Human Capital Management (HCM) represents a set of practices used to recruit, assess, optimize, develop and enhance the value of employees within an organization. It covers various core administrative and strategic processes, including payroll, training, compliance, onboarding, workforce planning, performance management, and more. employee and self-service, retirement services, etc. Many organizations use HCM solutions because they offer specific skills to effectively manage employees while improving overall productivity.
like the novel coronavirus (COVID-19) The crisis is taking over the world, we are constantly monitoring the changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest market trends and forecasts are made after taking into account the impact of this pandemic. .
The increasing digitization of business processes is primarily driving the global human capital management market. Additionally, the growing e-commerce industry, where customer engagement and retention are key, is also catalyzing product demand. Apart from this, shifting preferences towards online platforms for ordering essential items due to the sudden onset of the COVID-19 pandemic is increasing the HCM market. Additionally, many leading companies deliver HCM services on cloud-based platforms using the Software-as-a-Service (SaaS) delivery model. In the coming years, the increasing emphasis on creating an agile workplace, which helps to analyze thousands of suitable resumes and ensure coordination of personnel, is expected to fuel the market for human capital management to worldwide.
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human capital management market Analysis and segmentation 2021-2026:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Automatic Data Processing Inc., Ceridian HCM Inc., Infor Inc. (Koch Industries Inc.), International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, PeopleFluent Inc. (Learning Technologies Group plc), Ramco Systems Limited, SAP SE, SumTotal Systems LLC (Skillsoft Limited), UKG Inc. and Workday Inc.
The report has segmented the market based on region, component, deployment type, and industry verticals.
Breakdown by component:
- basic HR
- Workforce management
- Remuneration and Payroll
- Managed service
Breakdown by type of deployment:
Breakdown by vertical sectors:
- IT and Telecommunications
- Health care
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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