TC 3207 | 2015
Telecom and IT
HUMAN CAPITAL MANAGEMENT MARKET By Solution (Core HR, Workforce Management, Compensation Management, Performance Management, Recruiting, Learning Management, Employee Collaboration and Engagement), by Industry Verticals , & By Region - Global Forecast to 2019 Introduction
Table of Contents List of Tables Sample Tables Related Reports
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Human Capital Management (HCM) Market - Global Forecast To 2019
1
INTRODUCTION
1.1
OBJECTIVES OF THE STUDY
1.2
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To define, describe, and forecast the global Human Capital Management (HCM) market on the basis of software solutions, deployment types, user types, industry verticals, and regions
To provide a detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, industry specific challenges, and burning issues)
To strategically analyze each submarket with respect to individual growth trends and contribution toward the overall market
To analyze the opportunities in the market for stakeholders and details of a competitive landscape for market leaders
To forecast the market size of segments with respect to five main regions, namely, North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA)
To strategically profile key players and comprehensively analyze their market shares and core competencies1
To track and analyze competitive developments, such as mergers and acquisitions and new product developments in the HCM market
MARKET DEFINITION
HCM can be understood as a set of software that is related to the human resource. These software solutions are focused on the organizational need to provide specific competencies that include core Human Resource (HR), workforce management, compensation management, performance and talent management, recruiting, learning, and employee collaboration and engagement that allow businesses to measure talent and workforce optimization. HCM provides the organizations with an opportunity to develop HR, talent management, and payroll and time tracking functions within a single application.
1. Core competencies of the companies are captured in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain their position in the market.
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Human Capital Management (HCM) Market - Global Forecast To 2019
1.3
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MARKET SCOPE
HCM is commonly stated as a set of software solutions for employee resource management. These solutions are focused on the organizational need to provide specific capabilities and are implemented for workforce management and planning. HCM has been beneficial to the end-users because of their approach that includes both inclusive and long-term, as they are designed to help business and educational institutions to tackle talent challenges. Moreover, the implementation of HCM will ensure that the organization attracts, retains, and engages top workers by constituting remarkable employee experience. The global HCM market has been segmented on the basis of software solutions, deployment types, user types, industry verticals, and regions. Software solutions are classified as core HR, workforce management, compensation management, performance and talent management, recruiting, learning, and employee collaboration and engagement. Deployment type is further segmented into cloud and on-premises. User type is classified as large enterprises and Small and Medium Businesses (SMBs). Industry verticals are subsegmented into manufacturing, retail, public sector, healthcare, automotive, Banking, Financial Services and Insurance (BFSI), education, distribution, and others. The global HCM market is provided for each region from 2014 to 2019. The report analyzes the significance of implementing HCM to manage different talent, payroll and time tracking functions during the employee lifecycle. However, HCM market size is presented in terms of commercial software revenue. The market study covers the HCM software offered by vendors and the derivation of the HCM market size during the forecast period from 2014 to 2019. In this market study, 2013 is considered as the base year. ď Ž
The market study covers the HCM software solutions offered by vendors and the derivation of the HCM market size during the forecast period from 2014 to 2019. In this market study, 2013 is considered as the base year.
ď Ž
The overall HCM market in this report has been defined as the spending by SMBs and large enterprises on software solutions across the nine major industry verticals.
ď Ž
The market size does not include the service revenue generated by the vendors. The software revenue excludes service revenue that is separate from the right-to-use license and does not include the inherent value of software.
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Human Capital Management (HCM) Market - Global Forecast To 2019
1.3.1
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MARKETS COVERED
This research report categorizes the HCM market into the following segments:
Global HCM Market, by vertical
FIGURE 1
MARKETS COVERED Manufacturing
Retail
Public Sector
HUMAN CAPITAL MANAGEMENT MARKET BY VERTICALS
By Industry Verticals
Healthcare
Automotive
BFSI
Education
Energy and Utilities
Others
Others include Hospitality and Media and Entertainment Source: Blogs, Articles, Expert Interviews, and MarketsandMarkets Analysis
Global HCM Market, By Software Solution
Core HR
Workforce Management
Compensation Management
Performance Management
Recruiting
Learning Management
Employee Collaboration and Engagement
Global HCM Market, By Deployment Type
Cloud
On-Premises
Global HCM Market, By User Type
SMBs
Large Enterprises
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Manufacturing Retail Public Sectorr Healthcare Automotive BFSI Education Energy and utilities Others
Human Capital Management (HCM) Market - Global Forecast To 2019
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Global HCM Market, By Industry Vertical
Manufacturing
Retail
Public Sector
Healthcare
Automotive
BFSI
Education
Energy and Utilities
Others (Hospitality, Media and Entertainment)
Global HCM Market, By Region
North America (NA)
Europe
Asia-Pacific (APAC)
Middle East and Africa (MEA)
Latin America (LA)
1.3.2
YEARS CONSIDERED FOR THE STUDY
Historical Year
2012
Base Year
2013
Estimated Year
2014
Projected Year
2019
Forecast Period
2014-2019
1.4
CURRENCY
The currency used in the report is in U.S. dollars, with market size indicated only in $million
Revenues for the companies were picked from their annual report
For companies that reported their revenues in other currencies, average annual currency conversion rate was used for the particular year to convert the value in U.S. dollars
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Human Capital Management (HCM) Market - Global Forecast To 2019
1.5
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STAKEHOLDERS
HCM Vendors
System Integrators
Consumers
IT Developers
Cloud Providers
Employees
Business Organizations
HR Representatives
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Human Capital Management (HCM) Market - Global Forecast To 2019
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TABLE OF CONTENTS 1
2
INTRODUCTION ........................................................................................................ 14 1.1
OBJECTIVES OF THE STUDY ........................................................................................................... 14
1.2
MARKET DEFINITION .................................................................................................................... 14
1.3
MARKET SCOPE ........................................................................................................................... 15 1.3.1
MARKETS COVERED .......................................................................................................16
1.3.2
YEARS CONSIDERED FOR THE STUDY ..............................................................................17
1.4
CURRENCY ................................................................................................................................... 17
1.5
STAKEHOLDERS ........................................................................................................................... 17
RESEARCH METHODOLOGY ...................................................................................... 18 2.1
MARKET SIZE ESTIMATION............................................................................................................ 19
2.2
MARKET BREAKDOWN AND DATA TRIANGULATION ........................................................................ 21
2.3
MARKET SHARE ESTIMATION ........................................................................................................ 22 2.3.1
KEY DATA TAKEN FROM SECONDARY SOURCES ..............................................................22
2.3.2
KEY DATA TAKEN FROM PRIMARY SOURCES ...................................................................23
2.3.3
ASSUMPTIONS ...............................................................................................................23
2.3.4
KEY INDUSTRY INSIGHTS ................................................................................................24
3
EXECUTIVE SUMMARY .............................................................................................. 25
4
PREMIUM INSIGHTS ................................................................................................. 29
5
4.1
ATTRACTIVE MARKET OPPORTUNITIES IN HCM MARKET................................................................. 29
4.2
HCM MARKET – TOP THREE INDUSTRY VERTICALS......................................................................... 29
4.3
GLOBAL HCM MARKET ................................................................................................................. 30
4.4
HCM MARKET POTENTIAL ............................................................................................................. 30
4.5
HCM USER TYPE MARKET (2019) .................................................................................................. 31
4.6
HCM REGIONAL MARKET .............................................................................................................. 31
4.7
GLOBAL HCM MARKET, BY SOLUTION (2014-2019) ...................................................................... 32
4.8
INDUSTRY VERTICAL GROWTH MATRIX .......................................................................................... 32
4.9
LIFECYCLE ANALYSIS, BY REGION, 2014 ....................................................................................... 33
MARKET OVERVIEW .................................................................................................. 34 5.1
INTRODUCTION ............................................................................................................................ 35
5.2
EVOLUTION .................................................................................................................................. 35
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Human Capital Management (HCM) Market - Global Forecast To 2019
5.3
5.4
MARKET SEGMENTATION.............................................................................................................. 36 5.3.1
HCM MARKET, BY SOFTWARE SOLUTION .........................................................................36
5.3.2
HCM MARKET, BY DEPLOYMENT TYPE .............................................................................37
5.3.3
HCM MARKET, BY USER TYPE ..........................................................................................37
5.3.4
HCM MARKET, BY INDUSTRY VERTICAL ...........................................................................37
5.3.5
HCM MARKET, BY REGION ..............................................................................................38
MARKET DYNAMICS ..................................................................................................................... 38 5.4.1
5.4.2
5.4.3
5.4.4
DRIVERS ........................................................................................................................39 5.4.1.1
Emerging advancements in technology ..............................................................39
5.4.1.2
Increasing demand for talent mobility ................................................................39
5.4.1.3
Rise in demand among enterprises to improve workforce management ...............39
5.4.1.4
Growing demand for integrated high performance software.................................39
RESTRAINTS ...................................................................................................................40 5.4.2.1
Lack of awareness among enterprises about the HCM solution ...........................40
5.4.2.2
Constant need to maintain compliance ..............................................................40
OPPORTUNITIES .............................................................................................................41 5.4.3.1
Strong inclination towards deployment of HCM solution on cloud........................41
5.4.3.2
Increasing demand among organizations for integrated HCM suite .....................41
5.4.3.3
Ability to streamline HR functions within an organization ....................................41
CHALLENGE ...................................................................................................................42 5.4.4.1
5.4.5
Strong need to better manage the execution of HCM among enterprises .............42
BURNING ISSUE .............................................................................................................43 5.4.5.1
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Advancing cost in the integration of HCM software .............................................43
INDUSTRY TRENDS ................................................................................................... 44 6.1
INTRODUCTION ............................................................................................................................ 44
6.2
VALUE CHAIN ANALYSIS ............................................................................................................... 44
6.3
PEST ANALYSIS ............................................................................................................................ 45
6.4
6.3.1
POLITICAL FACTORS .......................................................................................................45
6.3.2
ECONOMIC FACTORS .....................................................................................................46
6.3.3
SOCIAL FACTORS ...........................................................................................................46
6.3.4
TECHNOLOGICAL FACTORS .............................................................................................46
PORTER’S FIVE FORCES ANALYSIS ................................................................................................ 47 6.4.1
THREAT FROM NEW ENTRANTS .......................................................................................47
6.4.2
THREAT FROM SUBSTITUTES...........................................................................................48
6.4.3
BARGAINING POWER OF SUPPLIERS...............................................................................48
6.4.4
BARGAINING POWER OF BUYERS ...................................................................................48
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Human Capital Management (HCM) Market - Global Forecast To 2019
6.4.5
7
8
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INTENSITY OF COMPETITIVE RIVARLY...............................................................................49
GLOBAL HCM MARKET ANALYSIS, BY SOFTWARE SOLUTION...................................... 50 7.1
INTRODUCTION ............................................................................................................................ 51
7.2
CORE HR ...................................................................................................................................... 52
7.3
WORKFORCE MANAGEMENT ........................................................................................................ 53
7.4
COMPENSATION MANAGEMENT ................................................................................................... 54
7.5
PERFORMANCE AND TALENT MANAGEMENT ................................................................................. 55
7.6
RECRUITING ................................................................................................................................. 57
7.7
LEARNING MANAGEMENT............................................................................................................. 58
7.8
EMPLOYEE COLLABORATION AND ENGAGEMENT .......................................................................... 59
GLOBAL HUMAN CAPITAL MANAGEMENT MARKET ANALYSIS, BY DEPLOYMENT TYPE ........................................................................................................................ 61
9
8.2
INTRODUCTION ............................................................................................................................ 62
8.3
ON-PREMISE................................................................................................................................ 62
8.4
CLOUD ......................................................................................................................................... 64
GLOBAL HCM MARKET ANALYSIS, BY USER TYPE ...................................................... 66 9.1
INTRODUCTION ............................................................................................................................ 67
9.2
SMBS .......................................................................................................................................... 67
9.3
LARGE ENTERPRISES ................................................................................................................... 70
10 GLOBAL HCM MARKET ANALYSIS, BY INDUSTRY VERTICAL ........................................ 73 10.2
INTRODUCTION ............................................................................................................................ 74
10.3
MANUFACTURING ........................................................................................................................ 75
10.4
RETAIL ......................................................................................................................................... 76
10.5
PUBLIC SECTOR ........................................................................................................................... 77
10.6
HEALTHCARE................................................................................................................................ 78
10.7
AUTOMOTIVE ................................................................................................................................ 79
10.8
BFSI............................................................................................................................................. 80
10.9
EDUCATION .................................................................................................................................. 81
10.10
ENERGY AND UTILITIES ................................................................................................................. 82
10.11
OTHERS (HOSPITALITY, MEDIA AND ENTERTAINMENT ) .................................................................. 83
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Human Capital Management (HCM) Market - Global Forecast To 2019
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11 GEOGRAPHIC ANALYSIS ........................................................................................... 85 11.1
INTRODUCTION ............................................................................................................................ 86
11.2
NORTH AMERICA .......................................................................................................................... 88
11.3
EUROPE ....................................................................................................................................... 91
11.4
ASIA-PACIFIC ............................................................................................................................... 92
11.5
MIDDLE EAST AND AFRICA ........................................................................................................... 96
11.6
LATIN AMERICA ............................................................................................................................ 97
12 COMPETITIVE LANDSCAPE...................................................................................... 100 12.1
OVERVIEW.................................................................................................................................. 100
12.2
COMPETITIVE SITUATION AND TRENDS ....................................................................................... 101 12.2.1
NEW PRODUCT DEVELOPMENTS .................................................................................. 102
12.2.2
AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS .............................................. 104
12.2.3
MERGERS AND ACQUISITIONS .................................................................................... 106
12.2.4
EXPANSIONS ............................................................................................................... 108
12.2.5
NEW INVESTMENTS AND UPGRADATIONS .................................................................... 108
13 COMPANY PROFILES .............................................................................................. 109 (Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
13.1
INTRODUCTION .......................................................................................................................... 109
13.2
INFOR ........................................................................................................................................ 110
13.3
SAP AG ...................................................................................................................................... 113
13.4
ORACLE CORPORATION .............................................................................................................. 116
13.5
IBM CORPORATION .................................................................................................................... 119
13.6
ULTIMATE SOFTWARE ................................................................................................................. 122
13.7
PEOPLEFLUENT .......................................................................................................................... 124
13.8
ADP LLC. .................................................................................................................................... 126
13.9
NETSUITE INC. ............................................................................................................................ 128
13.10
CORNERSTONE ONDEMAND ....................................................................................................... 130
13.11
CERIDIAN ................................................................................................................................... 133
Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
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Human Capital Management (HCM) Market - Global Forecast To 2019
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14 APPENDIX .............................................................................................................. 135 14.1
DISCUSSION GUIDE ................................................................................................................... 135
14.2
INTRODUCING RT: REAL TIME MARKET INTELLIGENCE ................................................................. 139
14.3
AVAILABLE CUSTOMIZATIONS..................................................................................................... 140
14.4
RELATED REPORTS ..................................................................................................................... 141
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Human Capital Management (HCM) Market - Global Forecast To 2019
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LIST OF TABLES TABLE 1
GLOBAL HCM MARKET SIZE AND GROWTH RATE, 2012-2019 ($MILLION, Y-O-Y %)
26
TABLE 2
EMERGING ADVANCEMENTS IN TECHNOLOGY WILL DRIVE THE MARKET
40
TABLE 3
LACK OF AWARENESS AMONG ENTERPRISES ABOUT THE HCM SOLUTION WILL RESTRAIN THE GROWTH OF HCM
41
ABILITY TO STREAMLINE HR FUNCTIONS WITHIN AN ORGANIZATION WILL ACT AS AN OPPORTUNITY FOR HCM
42
STRONG NEED TO BETTER MANAGE THE EXECUTION OF HCM AMONG ENTERPRISES WILL BE THE MAJOR CHALLENGE FOR SOFTWARE PROVIDERS
42
TABLE 6
HCM MARKET SIZE, BY SOLUTION, 2012-2019 ($MILLION)
51
TABLE 7
CORE HR MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
52
TABLE 8
CORE HR MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
52
TABLE 9
WORKFORCE MANAGEMENT MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
53
TABLE 10
WORKFORCE MANAGEMENT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
54
TABLE 11
COMPENSATION MANAGEMENT MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
54
COMPENSATION MANAGEMENT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
55
PERFORMANCE MANAGEMENT MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
56
TABLE 14
PERFORMANCE MANAGEMENT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
56
TABLE 15
RECRUITING MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
57
TABLE 16
RECRUITING MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
57
TABLE 17
LEARNING MANAGEMENT MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
58
TABLE 18
LEARNING MANAGEMENT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
59
TABLE 19
EMPLOYEE COLLABORATION AND ENGAGEMENT MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
59
EMPLOYEE COLLABORATION AND ENGAGEMENT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
60
TABLE 21
HCM MARKET SIZE, BY DEPLOYMENT TYPE, 2012-2019 ($MILLION)
62
TABLE 22
ON-PREMISE MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
63
TABLE 23
ON-PREMISE MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
64
TABLE 24
CLOUD MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
65
TABLE 25
CLOUD MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
65
TABLE 26
HCM MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
67
TABLE 27
SMB MARKET SIZE, BY SOLUTION, 2012-2019 ($MILLION)
68
TABLE 28
SMB MARKET SIZE, BY DEPLOYMENT TYPE, 2012-2019 ($MILLION)
68
TABLE 29
SMB MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
69
TABLE 4 TABLE 5
TABLE 12 TABLE 13
TABLE 20
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Human Capital Management (HCM) Market - Global Forecast To 2019
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TABLE 30
LARGE ENTERPRISE MARKET SIZE, BY SOLUTION, 2012-2019 ($MILLION)
70
TABLE 31
LARGE ENTERPRISE MARKET SIZE, BY DEPLOYMENT TYPE, 2012-2019 ($MILLION)
71
TABLE 32
LARGE ENTERPRISE MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
71
TABLE 33
HCM MARKET SIZE, BY INDUSTRY VERTICAL, 2012-2019 ($MILLION)
74
TABLE 34
MANUFACTURING MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
75
TABLE 35
MANUFACTURING MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
75
TABLE 36
RETAIL MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
76
TABLE 37
RETAIL MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
76
TABLE 38
PUBLIC SECTOR MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
77
TABLE 39
PUBLIC SECTOR MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
78
TABLE 40
HEALTHCARE MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
78
TABLE 41
HEALTHCARE MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
79
TABLE 42
AUTOMOTIVE MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
79
TABLE 43
AUTOMOTIVE MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
80
TABLE 44
BFSI MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
81
TABLE 45
BFSI MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
81
TABLE 46
EDUCATION MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
82
TABLE 47
EDUCATION MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
82
TABLE 48
ENERGY AND UTILITIES MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
83
TABLE 49
ENERGY AND UTILITIES MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
83
TABLE 50
OTHER VERTICALS MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
84
TABLE 51
OTHER VERTICALS MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
84
TABLE 52
HCM MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
86
TABLE 53
NORTH AMERICA: HCM MARKET SIZE, BY SOLUTION, 2012-2019 ($MILLION)
89
TABLE 54
NORTH AMERICA: HCM MARKET SIZE, BY DEPLOYMENT TYPE, 2012-2019 ($MILLION)
90
TABLE 55
NORTH AMERICA: HCM MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
90
TABLE 56
NORTH AMERICA: HCM MARKET SIZE, BY INDUSTRY VERTICAL, 2012-2019 ($MILLION)
90
TABLE 57
EUROPE: HCM MARKET SIZE, BY SOLUTION, 2012-2019 ($MILLION)
91
TABLE 58
EUROPE: HCM MARKET SIZE, BY DEPLOYMENT TYPE, 2012-2019 ($MILLION)
91
TABLE 59
EUROPE: HCM MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
92
TABLE 60
EUROPE: HCM MARKET SIZE, BY INDUSTRY VERTICAL, 2012-2019 ($MILLION)
92
TABLE 61
ASIA-PACIFIC: HCM MARKET SIZE, BY SOLUTION, 2012-2019 ($MILLION)
94
TABLE 62
ASIA-PACIFIC: HCM MARKET SIZE, BY DEPLOYMENT TYPE, 2012-2019 ($MILLION)
94
TABLE 63
ASIA-PACIFIC: HCM MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
94
TABLE 64
ASIA-PACIFIC: HCM MARKET SIZE, BY INDUSTRY TYPE, 2012-2019 ($MILLION)
95
TABLE 65
MIDDLE EAST AND AFRICA: HCM MARKET SIZE, BY SOLUTION, 2012-2019 ($MILLION)
96
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TABLE 66
MEA: HCM MARKET SIZE, BY DEPLOYMENT TYPE, 2012-2019 ($MILLION)
96
TABLE 67
MEA: HCM MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
97
TABLE 68
MEA: HCM MARKET SIZE, BY INDUSTRY TYPE, 2012-2019 ($MILLION)
97
TABLE 69
LATIN AMERICA: HCM MARKET SIZE, BY SOLUTION, 2012-2019 ($MILLION)
98
TABLE 70
LATIN AMERICA: HCM MARKET SIZE, BY DEPLOYMENT TYPE, 2012-2019 ($MILLION)
98
TABLE 71
LATIN AMERICA: HCM MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION)
98
TABLE 72
LATIN AMERICA: HCM MARKET SIZE, BY INDUSTRY TYPE, 2012-2019 ($MILLION)
99
TABLE 73
NEW PRODUCT DEVELOPMENTS, 2012–2014
102
TABLE 74
AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, 2012–2015
104
TABLE 75
MERGERS AND ACQUISITIONS, 2011–2014
106
TABLE 76
EXPANSIONS, 2013–2014
108
TABLE 77
INVESTMENTS AND UPGRADATIONS, 2014
108
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LIST OF FIGURES FIGURE 1
MARKETS COVERED
16
FIGURE 2
RESEARCH DESIGN
18
FIGURE 3
MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
20
FIGURE 4
MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
20
FIGURE 5
BREAKDOWN OF PRIMARY INTERVIEW: BY COMPANY TYPE, DESIGNATION, AND REGION
21
FIGURE 6
DATA TRIANGULATION
22
FIGURE 7
HCM MARKET SIZE, USER TYPE SNAPSHOT (2014-2019): MARKET FOR LARGE ENTERPRISE IS EXPECTED TO DOUBLE IN THE NEXT FIVE YEARS
26
HCM MARKET SIZE, INDUSTRY VERTICAL SNAPSHOT (2014-2019): BFSI WILL DOMINATE THE MARKET
27
FIGURE 9
GLOBAL HCM MARKET SIZE, BY DEPLOYMENT TYPE, 2014-2019
27
FIGURE 10
GLOBAL HCM MARKET SHARE, 2014 – NORTH AMERICA WILL EXHIBIT THE HIGHEST MARKET SHARE IN 2014
28
FIGURE 11
INCREASING DEMAND AMONG ORGANIZATIONS FOR INTEGRATED HCM SUITE
29
FIGURE 12
HEALTHCARE, BFSI, & ENERGY AND UTILITIES ARE THE LEADING INDUSTRY IN TERMS OF MARKET SIZE
29
FIGURE 13
NORTH AMERICA HOLDS THE MAXIMUM SHARE IN THE HCM MARKET (2014)
30
FIGURE 14
ASIA-PACIFIC IS EXPECTED TO HAVE THE HIGHEST MARKET GROWTH POTENTIAL IN THE YEARS TO COME
30
SMBS AND ENTERPRISE WILL CONTINUE TO DOMINATE THE HCM MARKET IN THE NEXT FIVE YEARS
31
FIGURE 16
ASIA-PACIFIC MARKET TO GROW FASTER THAN EUROPE AND NORTH AMERICA
31
FIGURE 17
3/4TH
FIGURE 8
FIGURE 15
OF THE TOTAL MARKET GROWTH WILL COME FROM TOP TWO SOLUTION SEGMENTS IN 2014-2019
32
FIGURE 18
HCM INDUSTRY VERTICALS, GROWTH MATRIX
32
FIGURE 19
REGIONAL LIFECYCLE – MEA EXPECTED TO BE IN THE INTRODUCTION PHASE FOR THE YEAR 2014
33
FIGURE 20
SOFTWARE PROVIDERS TO PLAY A CRUCIAL ROLE IN HCM MARKET
36
FIGURE 21
HCM MARKET SEGMENTATION: BY SOFTWARE SOLUTION
36
FIGURE 22
HCM MARKET SEGMENTATION: BY DEPLOYMENT TYPE
37
FIGURE 23
HCM MARKET SEGMENTATION: BY USER TYPE
37
FIGURE 24
HCM MARKET SEGMENTATION: BY INDUSTRY VERTICAL
37
FIGURE 25
HCM MARKET SEGMENTATION: BY REGION
38
FIGURE 26
INCREASING DEMAND FOR TALENT MOBILITY WILL DRIVE THE MARKET FOR HCM
38
FIGURE 27
VALUE CHAIN ANALYSIS
44
FIGURE 28
PORTER’S FIVE FORCES ANALYSIS (2014): AVAILABILITY OF SUBSTITUTE PRODUCTS HAVE DECREASED THE VALUE OF THE HCM SOFTWARE
47
CORE HR AND WORKFORCE MANAGEMENT IS LEADING THE SOLUTIONS MARKET
51
FIGURE 29
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FIGURE 30
WORKFORCE MANAGEMENT WILL CONTINUE TO GROW AT A STEADY RATE
53
FIGURE 31
PERFORMANCE MANAGEMENT IS EXPECTED TO SHOW CONSIDERABLE GROWTH IN ALL REGIONS
55
APAC IS EXPECTED TO EXHIBIT THE HIGHEST GROWTH RATE FOR THE LEARNING MANAGEMENT SOLUTION
58
FIGURE 33
ON-PREMISE DEPLOYMENT MARKET SIZE IS EXPECTED TO DOUBLE BY 2019
62
FIGURE 34
NORTH AMERICA EXPECTED TO EXHIBIT THE LARGEST MARKET SIZE FOR THE PERIOD 2014 TO 2019
63
APAC IS EXPECTED TO EXPERIENCE THE HIGHEST GROWTH RATE IN THE CLOUD DEPLOYED HCM SOLUTION
64
SMBS EXHIBIT THE FASTEST GROWTH RATE IN THE HCM MARKET DURING THE FORECAST PERIOD
67
HCM CLOUD DEPLOYMENT MARKET FOR THE SMBS IS EXPECTED TO SHOW THE HIGHEST GROWTH
69
FIGURE 38
ASIA-PACIFIC EXPECTED TO DOMINATE THE SMB USER SEGMENT
70
FIGURE 39
LARGE ENTERPRISES TEND TO DEPLOY HCM SOLUTIONS ON-PREMISES
71
FIGURE 40
ASIA-PACIFIC EXPECTED TO BE A POTENTIAL REGION FOR THE LARGE ENTERPRISE SEGMENT
72
FIGURE 41
GLOBAL HCM MARKET IS LARGELY DOMINATED BY THE HEALTHCARE INDUSTRY
74
FIGURE 42
NORTH AMERICA TO DOMINATE THE HCM MARKET FOR THE PUBLIC SECTOR VERTICAL
77
FIGURE 43
ASIA-PACIFIC TO EXHIBIT THE HIGEST GROWTH RATE IN THE BFSI INDUSTRY
80
FIGURE 44
ASIA-PACIFIC WILL EXHIBIT THE HIGEST GROWTH RATE IN THE HCM MARKET
86
FIGURE 45
GEOGRAPHIC SNAPSHOT – ASIA-PACIFIC IS EMERGING AS A NEW HOTSPOT
87
FIGURE 46
ASIA-PACIFIC: ONE OF THE ATTRACTIVE DESTINATIONS FOR ALMOST ALL INDUSTRY VERTICALS
87
GEOGRAPHIC SNAPSHOT (2014-2019): ASIA-PACIFIC IS AN ATTRACTIVE DESTINATION FOR THE OVERALL HCM MARKET
88
NORTH AMERICA MARKET SNAPSHOT: HEALTHCARE INDUSTRY IS EXPECTED TO CONTRIBUTE MAXIMUM TO THE MARKET VALUE IN 2014
89
ASIA-PACIFIC HCM MARKET SNAPSHOT – BFSI EXPECTED TO GAIN POPULARITY BY 2019
93
FIGURE 50
ASIA-PACIFIC IS ONE OF THE FASTEST GROWING REGIONS IN THE HCM MARKET
95
FIGURE 51
MAJORITY OF THE COMPANIES ADOPTED MERGERS AND ACQUISITIONS AS THE KEY GROWTH STRATEGIES OVER THE LAST 4 YEARS
100
ORACLE AND SAP SUCCESS FACTORS GREW AT THE HIGHEST GROWTH RATE BETWEEN 2011 AND 2013
100
MARKET EVALUATION FRAMEWORK- PARTNERSHIPS AND COLLABORATIONS ARE EXPECTED TO EXHIBIT HIGHEST SHARE IN THE YEAR 2014
101
BATTLE FOR MARKET SHARE: AGREEMENTS, PARTNERSHIPS AND COLLABORATIONS WERE THE KEY STRATEGY
102
FIGURE 55
GEOGRAPHIC REVENUE MIX OF TOP 5 MARKET PLAYERS
109
FIGURE 56
INFOR: COMPANY SNAPSHOT
110
FIGURE 32
FIGURE 35 FIGURE 36 FIGURE 37
FIGURE 47 FIGURE 48 FIGURE 49
FIGURE 52 FIGURE 53 FIGURE 54
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Human Capital Management (HCM) Market - Global Forecast To 2019
TC 3207
FIGURE 57
INFOR: SWOT ANALYSIS
112
FIGURE 58
SAP AG: COMPANY SNAPSHOT
113
FIGURE 59
SAP AG: SWOT ANALYSIS
114
FIGURE 60
ORACLE CORPORATION: COMPANY SNAPSHOT
116
FIGURE 61
ORACLE CORPORATION: SWOT ANALYSIS
117
FIGURE 62
IBM CORPORATION: COMPANY SNAPSHOT
119
FIGURE 63
IBM CORPORATION: SWOT ANALYSIS
120
FIGURE 64
ULTIMATE SOFTWARE: COMPANY SNAPSHOT
122
FIGURE 65
ADP LLC.: COMPANY SNAPSHOT
126
FIGURE 66
NETSUITE INC.: COMPANY SNAPSHOT
128
FIGURE 67
CORNERSTONE ONDEMAND, INC.: COMPANY SNAPSHOT
130
FIGURE 68
CORNERSTONE ONDEMAND: SWOT ANALYSIS
132
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Human Capital Management (HCM) Market - Global Forecast To 2019
TC 3207
SAMPLE TABLES TABLE 1
HCM MARKET SIZE, BY INDUSTRY VERTICAL, 2012-2019 ($MILLION) Industry Vertical
2012
2013
2014
CAGR (2014–2019)
2019
Manufacturing
XX
XX
XX
XX
XX
Retail
XX
XX
XX
XX
XX
Public Sector
XX
XX
XX
XX
XX
Healthcare
XX
XX
XX
XX
XX
Automotive
XX
XX
XX
XX
XX
BFSI
XX
XX
XX
XX
XX
Education
XX
XX
XX
XX
XX
Energy and Utilities
XX
XX
XX
XX
XX
Others
XX
XX
XX
XX
XX
Total
XX
XX
XX
XX
XX
Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
TABLE 2
MANUFACTURING MARKET SIZE, BY REGION, 2012-2019 ($MILLION) Region
2012
2013
2014
CAGR (2014–2019)
2019
NA
XX
XX
XX
XX
XX
Europe
XX
XX
XX
XX
XX
APAC
XX
XX
XX
XX
XX
MEA
XX
XX
XX
XX
XX
LA
XX
XX
XX
XX
XX
Total
XX
XX
XX
XX
XX
Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
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Human Capital Management (HCM) Market - Global Forecast To 2019
TABLE 3
TC 3207
MANUFACTURING MARKET SIZE, BY USER TYPE, 2012-2019 ($MILLION) User Type
2012
2013
2014
CAGR (2014–2019)
2019
SMB
XX
XX
XX
XX
XX
Large Enterprise
XX
XX
XX
XX
XX
Total
XX
XX
XX
XX
XX
Source: Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis
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Human Capital Management (HCM) Market - Global Forecast To 2019
TC 3207
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TC 3207
RELATED REPORTS Sr.no
Report Title
Published Date
TALENT MANAGEMENT SOFTWARE MARKET 1
Solution (talent acquisition, workforce planning, learning, compensation, and performance management), by Services, by Deployment Mode, by Organization Size, by Verticals, and by Regions
February 2015
http://www.marketsandmarkets.com/Market-Reports/talent-management-softwaremarket-58599319.html
LEARNING MANAGEMENT SYSTEMS (LMS) MARKET 2
([Products (Content Management, Student Management, Performance Management, Collaboration, Administration), by Users (K-12, Higher Education, Corporate)] Worldwide Market Forecasts and Analysis 2013 - 2018 http://www.marketsandmarkets.com/Market-Reports/learning-management-systemsmarket-1266.html
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October 2013