The Global Human Capital Management market was valued at $ 21.20 billion in 2022 and is predicted to reach $39.51 billion by 2029, at a CAGR of 9.3% over the forecast period. Human Capital Management (HCM) is critical in transforming the old administrative duties of human resources departments like hiring, training, payroll, compensation, and performance management into opportunities to increase engagement, business value, and productivity.
Human Capital Management Market Overview:
The Market Research Report has thoroughly examined the current definitions, classifications, applications, and the overall industrial chain structure. This analysis incorporates objective professional assessments of the present market status, historical market performance, production and consumption rates, demand and supply dynamics, and projected revenue generation. Furthermore, the study of the Human Capital Management Market also encompasses insights into the strategic objectives and growth plans of major companies operating within the Human Capital Management industry. This encompasses activities such as mergers and acquisitions, government and corporate transactions, collaborations, partnerships, joint ventures, brand management, marketing initiatives, and product launches. In summary, this research provides a comprehensive overview of the Human Capital Management sector within both global and regional markets.
Human Capital Management Market size was valued at US$ 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.
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COVID-19 Impact on Human Capital Management market:
The COVID-19 pandemic has had a significant impact on the Human Capital Management industry. Production facilities have been halted due to the global economic downturn and a lack of personnel. The COVID-19 epidemic has caused a significant and prolonged fall in production utilization, while travel prohibitions and facility closures have kept employees away from their facilities, causing the Human Capital Management market to decelerate in 2020. The negative impact of COVID-19 on the Human Capital Management market, on the other hand, is likely to be brief, with the industry rebounding fast by early 2021 due to strong demand for Human Capital Management .
Human Capital Management Market Drivers:
Human capital management provides numerous benefits, including improved career planning, improved performance reviews, improved recruitment processes, identifying skill gaps, better organic growth, improved human capital management, matching roles with employee competencies, and others. The most important advantage of human capital management is that it gives a technique for managing a company's human resources. It creates the entire framework that the human resources department may employ to deliver the top talents and train them to achieve organizational goals.
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Human Capital Management Market Segmentation:
by Component
Software
Services
by Deployment Model
On-premises
Cloud
by Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
by Vertical
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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Key Players:
The research provides an in-depth evaluation of the Human Capital Management market and its presence in various sectors and regions. The research analyst seeks to unearth latent development potential that enterprises in various locations of the world can leverage by doing a complete geographical assessment of the sector. Global Human Capital Management Market research provides exact information that enables market participants to compete successfully in terms of growth, sales, and other vital criteria with their most important competitors. In the research analysis, significant market components such as market drivers and obstacles are distinguished from vital development prospects and industry trends.
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
Regional Analysis:
The analysis also contains important market influencing components and regulatory developments that have an impact on market present and future trends. Some of the important components utilized to examine the market scenario for different areas include new sales, replacement sales, national demography, regulatory activities, and import-export tariffs. Furthermore, while offering forecast analysis of national data, the existence and availability of global brands, as well as the challenges they confront owing to strong or weak competition from local and domestic brands, as well as the impact of sales channels, are analyzed.
Key Questions Answered in the Human Capital Management Market Report are:
- What is Human Capital Management ?
- What is the expected CAGR of the Human Capital Management market during the forecast period?
- Which region held the largest Human Capital Management market share in 2022?
- What are the major drivers of the Human Capital Management Market?
- What are the Human Capital Management Market segments?
- What factors are expected to challenge the market growth during the forecast period?
Key Offerings:
- A detailed market overview
- Market Share, Size Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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