Global human capital management software market is expected to reach USD 24 billion at a CAGR of over 9% by the end of the forecast period.
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Market Highlights:
The study reveals that North America region dominates the human capital management software market. With the increasing number of industries and their company expansion has result into the increasing use of human capital management software. Human capital management is the set of practices, which focuses on providing specific competencies in the organization such as workforce acquisition, management, and optimization. The North America region is experiencing higher demand from various sectors such manufacturing, healthcare, telecom, energy, retail, logistics and transportation and others. These software helps the companies find the right talent, improve capabilities, and grow their business. The prominent companies such as Ultimate Software Group, Inc. (U.S), Zoho Corporation (India), WebHR (U.S), CakeHR (U.K), Epicor Software Corporation (U.S), Infor (U.S), Kronos Incorporated (U.S), The Sage Group plc. (U.S) are providing human capital management software solutions to improve signal processing functions. Due to the changing market trends & emerging opportunities, human capital management software market is estimated to grow rapidly with a huge demand in the market.
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Segmentation: The global human capital management software market is segmented into software, services, organizations, deployment, application, end users, and region. The software are segmented into core HR, workforce management, sourcing and recruiting, applicant tracking system, staffing vendor management and others. The services are segmented into integration, support and maintenance, consulting and others. The deployments are segmented into on premise & on cloud. The organizations are segmented into small- mid size and large enterprises. The applications are segmented analytics, training and recruitment, payroll, HR planning and others. The end users are segmented into BFSI, manufacturing, healthcare, telecom, energy, retail, logistics and transportation and others. The region includes North America, Europe, Asia Pacific, and rest of the world.
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Regional Analysis: The regional analysis of human capital management software market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share. The human capital management software market in this region has huge demand as it helps to engage all employees with automated, to develop future leaders, transparent processes, and a digital HR experience in the organizations. The human capital management software market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries such as China, Japan, and India is an emerging market for human capital management software market is expected to be the highest CAGR in the coming years.
Intended Audience: •
Human capital management software companies
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Human capital management software providers
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Technical universities
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System integrators
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Managed Security Service Providers
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Professional service providers
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Research and development companies
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Market research and consulting firms
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Solution providers
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Technology standards organizations
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Technology investors
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System Integrators
Key players: The prominent players in the global human capital management software market: Oracle Corporation (U.S.), SAP SE (Germany), International Business Machines Corporation (U.S.), NetSuite Inc. (U.S.), Workday, Inc. (U.S.), Ultimate Software Group, Inc. (U.S.), ADP, LLC (U.S.), Cornerstone OnDemand (U.S.), Benefitfocus Inc. (U.S.), BambooHR (U.S), PeopleFluent (U.S), Ultimate Software Group, Inc. (U.S), Zoho Corporation (India), WebHR (U.S), CakeHR (U.K), Epicor Software Corporation (U.S), Infor (U.S), Kronos Incorporated (U.S), The Sage Group plc. (U.S) and among others.
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