Press release
Human Capital Management (HCM) Market Size, Share, Industry, Forecast 2023-2030
human capital management market
Human Capital Management (HCM) Market Dynamics
Amid a surge in workforce management emphasis, HCM gains traction. Streamlining HR operations and embracing advanced technologies propel market growth. Increased awareness and adoption of intelligent workforce solutions, especially amid the pandemic, drive HCM demand. Automation solutions from major companies like Cornerstone OnDemand and Infor contribute to market expansion.
Market Segmentation
Human Capital Management (HCM) Market Segmentation Analysis
The global HCM market, segmented by deployment, includes on-premise and cloud solutions. Cloud, dominating with feature-rich apps and simplicity, leads adoption. Oracle predicts 50% of regulated industries' workloads to migrate to the cloud by 2020. Noteworthy collaborations, like Workday with Microsoft, strengthen cloud-based enterprise planning, influencing market dynamics.
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Geographical Analysis
Human Capital Management (HCM) Market Geographical Shares
North America dominates the HCM market, fueled by technological advancements, globalization, and key players like Workday and Oracle. Asia-Pacific witnesses growth due to industry 4.0, data analytics, and cloud adoption. Europe benefits from startups and rising employment, contributing to the global expansion of HCM market shares.
Competitive Landscape
Human Capital Management (HCM) Market Competitive Landscape
Intensely competitive, the HCM market features global and local players. Leading contributors include Ultimate Software, Ceridian, Workday, Oracle, and Microsoft. Their innovative solutions in workforce management, HRIS, and automation drive market growth. This competitive landscape reflects a dynamic industry responding to evolving HR needs and technological advancements.
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