Global Human Capital Management Market 2026: Size, Share, Trends & Forecast Report

ANCHORAGE, Alaska - Sept. 28, 2021 - PRLog -- According to the latest report by IMARC Group, titled "Human Capital Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the market to grow at a CAGR of around 11% during 2021-2026.

Human capital management (HCM) stands for a set of practices that are utilized for recruiting, assessing, optimizing, developing, and improving the value of employees within an organization. It covers various core administrative and strategic processes, including payroll, training, compliance, onboarding, workforce planning, performance management, etc. Human capital management comprises of several components, such as benefits administration, time and attendance, workflow management, reporting and analytics, employee service and self-service, retirement services, etc. Numerous organizations are employing HCM solutions as they offer specific competencies to manage employees effectively while enhancing the overall productivity.

Global Human Capital Management Market Trends:

The increasing digitization of business processes is primarily driving the global human capital management market. Moreover, the expanding e-commerce industry, where customer engagement and retention are critical, is also catalyzing the product demand.

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Global Human Capital Management Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

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 on the basis on region, disc type, material type and end user.

Breakup by Component:
Software

• Core HR
• Recruiting
• Workforce Management
• Compensation and Payroll
• Others

Service

• Managed Service
• Professional

Breakup by Deployment Type:
Cloud-based
On-premises

Breakup by Industry Verticals:
BFSI
Retail
IT and Telecommunication
Healthcare
Hospitality
Government
Manufacturing
Others

Breakup 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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Key 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
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.