Global Human Capital Management Solutions Market 2024-2028

Global Human Capital Management Solutions Market 2024-2028


Technavio has been monitoring the human capital management solutions market and is forecast to grow by USD 13924.7 mn during 2023-2028, accelerating at a CAGR of 9.52% during the forecast period. Our report on the human capital management solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for automated recruitment processes, increasing demand for unified solutions for all HR functions, and increasing workforce diversity.

Technavio's human capital management solutions market is segmented as below:

By Application
  • Core HR
  • Talent
  • Workforce
By Component
  • Solution
  • Service
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the emergence of cloud-computing services as one of the prime reasons driving the human capital management solutions market growth during the next few years. Also, increased popularity of advanced workforce analytics and increased demand from SMEs will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the human capital management solutions market covers the following areas:
  • Human capital management solutions market sizing
  • Human capital management solutions market forecast
  • Human capital management solutions market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading human capital management solutions market vendors that include Asure Software Inc., Automatic Data Processing Inc., Cegid SA, Ceridian HCM Holding Inc., Cognizant Technology Solutions Corp., EmployWise, Inplenion, Koch Industries Inc., Kronos Inc., OnePoint Human Capital Management, Oracle Corp., PeopleStrategy Corp., Ramco Systems Ltd., Safeguard World International LLC, SAP SE, SolutionDot, Talentia Software Group, The Goldman Sachs Group Inc., Workday Inc., and WorkForce Software LLC. Also, the human capital management solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Data Table on Incremental Growth
  • Market Landscape
    • Market ecosystem
      • Table Data Table on - Parent Market
    • Market characteristics
    • Value chain analysis
  • Market Sizing
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global Human Capital Management Solutions Market 2018 - 2022
      • Table Historic Market Size - Data Table on Global Human Capital Management Solutions Market 2018 - 2022 ($ million)
    • Application segment analysis 2018 - 2022
    • Component segment analysis 2018 - 2022
    • Geography segment analysis 2018 - 2022
    • Country segment analysis 2018 - 2022
  • Five Forces Analysis
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
  • Market Segmentation by Application
    • Market segments
      • Table Data Table on Application - Market share 2023-2028 (%)
    • Comparison by Application
      • Table Data Table on Comparison by Application
    • Core HR - Market size and forecast 2023-2028
      • Table Data Table on Core HR - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Core HR - Year-over-year growth 2023-2028 (%)
    • Talent - Market size and forecast 2023-2028
      • Table Data Table on Talent - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Talent - Year-over-year growth 2023-2028 (%)
    • Workforce - Market size and forecast 2023-2028
      • Table Data Table on Workforce - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Workforce - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Application
      • Table Data Table on Market opportunity by Application ($ million)
  • Market Segmentation by Component
    • Market segments
      • Table Data Table on Component - Market share 2023-2028 (%)
    • Comparison by Component
      • Table Data Table on Comparison by Component
    • Solution - Market size and forecast 2023-2028
      • Table Data Table on Solution - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Solution - Year-over-year growth 2023-2028 (%)
    • Service - Market size and forecast 2023-2028
      • Table Data Table on Service - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Service - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Component
      • Table Data Table on Market opportunity by Component ($ million)
  • Customer Landscape
    • Customer landscape overview
  • Geographic Landscape
    • Geographic segmentation
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2023-2028
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023-2028
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • India - Market size and forecast 2023-2028
      • Table Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on India - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Opportunity/Restraints
    • Market drivers
      • Demand for automated recruitment processes
      • Increasing demand for unified solutions for all HR functions
      • Increasing workforce diversity
    • Market challenges
      • Threat from open-source software
      • High implementation and maintenance cost
      • Threat to data security
    • Impact of drivers and challenges
    • Market opportunities/restraints
      • Emergence of cloud-computing services
      • Increased popularity of advanced workforce analytics
      • Increased demand from SMEs
  • Competitive Landscape
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
  • Competitive Analysis
    • Companies profiled
    • Market positioning of companies
    • Asure Software Inc.
    • Automatic Data Processing Inc.
    • Cegid SA
    • Ceridian HCM Holding Inc.
    • Cognizant Technology Solutions Corp.
    • Inplenion
    • Koch Industries Inc.
    • Kronos Inc.
    • OnePoint Human Capital Management
    • Oracle Corp.
    • Ramco Systems Ltd.
    • Safeguard World International LLC
    • SAP SE
    • Talentia Software Group
    • Workday Inc.
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • 360 degree market analysis
    • List of abbreviations

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