North America Human Capital Management Market Size, Share & Industry Trends Analysis Report By Component, By Software Type, By Deployment Mode, By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028
The North America Human Capital Management Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
HCM practices are divided into three categories: management, acquisition, and optimization, and are focused on the needs of companies to deliver certain skills. Human capital management is also an all-encompassing set of solutions that aids businesses in implementing entire recruitment-to-retirement HR processes that support their long-term company objectives. Customers can control their existing IT investments with HCM's scalable, flexible, and easy-to-integrate solutions. It assists consumers in lowering their total cost of ownership.
Several industry verticals are rapidly embracing cloud-based HCM solutions, including BFSI, retail, healthcare, manufacturing, IT & telecommunications, and media & entertainment. Through an HR employee access portal, these systems allow secure access to numerous administrative activities. Employees can virtually access their data from any location using mobile or desktop devices.
There is an increase in the adoption of modern technologies, smartphones, and workforce analytic solutions across this region. According to the US Bureau of Labor Statistics, employment in the healthcare industry is expected to grow at a rate of over 16% between 2020 and 2030. This projected increase can be ascribed to rising disease prevalence and healthcare research and development, which has resulted in increased demand for healthcare services. As a result, healthcare providers are more likely to use workforce management solutions to recruit and manage their employees. As a result, the adoption of human capital management solutions in this region has a lot of potentials.
The US market dominated the North America Human Capital Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,908 million by 2028. The Canada market is poised to grow at a CAGR of 9.5% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 8.5% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on Software Type, the market is segmented into Core HR, HR Analytics, Workforce Management, and Applicant Tracking System. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Organization size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises (SMEs). Based on Vertical, the market is segmented into BFSI, Manufacturing, Government, Telecom & IT, Consumer Goods & Retail, Healthcare & Life Sciences, Energy & Utilities, Transportation & Logistics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ADP, Inc., Cornerstone OnDemand, Inc. (Clearlake Capital Group), Epicor Software Corporation, IBM Corporation, Infor, Inc., Workday, Inc., Oracle Corporation, SAP SE, Sumtotal Systems, LLC (Skillsoft), and UKG, Inc.
Scope of the Study
Market Segments covered in the Report:
By Component
- Software
- Core HR
- HR Analytics
- Workforce Management
- Applicant Tracking System
- Services
- On-premise
- Cloud
- Large Enterprises
- Small & Medium-sized Enterprises (SMEs)
- BFSI
- Manufacturing
- Government
- Telecom & IT
- Consumer Goods & Retail
- Healthcare & Life Sciences
- Energy & Utilities
- Transportation & Logistics
- Others
- US
- Canada
- Mexico
- Rest of North America
- ADP, Inc.
- Cornerstone OnDemand, Inc. (Clearlake Capital Group)
- Epicor Software Corporation
- IBM Corporation
- Infor, Inc.
- Workday, Inc.
- Oracle Corporation
- SAP SE
- Sumtotal Systems, LLC (Skillsoft)
- UKG, Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Human Capital Management Market, by Component
- 1.4.2 North America Human Capital Management Market, by Deployment Mode
- 1.4.3 North America Human Capital Management Market, by Organization size
- 1.4.4 North America Human Capital Management Market, by Vertical
- 1.4.5 North America Human Capital Management Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.1 Market Share Analysis, 2020
- 3.2 Top Winning Strategies
- 3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.2.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, Jul – 2022, Feb) Leading Players
- Chapter 4. North America Human Capital Management Market by Component
- 4.1 North America Software Market by Country
- 4.2 North America Human Capital Management Market by Software Type
- 4.2.1 North America Core HR Market by Country
- 4.2.2 North America HR Analytics Market by Country
- 4.2.3 North America Workforce Management Market by Country
- 4.2.4 North America Applicant Tracking System Market by Country
- 4.3 North America Services Market by Country
- Chapter 5. North America Human Capital Management Market by Deployment Model
- 5.1 North America On-premise Market by Country
- 5.2 North America Cloud Market by Country
- Chapter 6. North America Human Capital Management Market by Organization Size
- 6.1 North America Large Enterprises Market by Country
- 6.2 North America Small & Medium-sized Enterprises (SMEs) Market by Country
- Chapter 7. North America Human Capital Management Market by Vertical
- 7.1 North America BFSI Market by Country
- 7.2 North America Manufacturing Market by Country
- 7.3 North America Government Market by Country
- 7.4 North America Telecom & IT Market by Country
- 7.5 North America Consumer Goods & Retail Market by Country
- 7.6 North America Healthcare & Life Sciences Market by Country
- 7.7 North America Energy & Utilities Market by Country
- 7.8 North America Transportation & Logistics Market by Country
- 7.9 North America Others Market by Country
- Chapter 8. North America Human Capital Management Market by Country
- 8.1 US Human Capital Management Market
- 8.1.1 US Human Capital Management Market by Component
- 8.1.1.1 US Human Capital Management Market by Software Type
- 8.1.2 US Human Capital Management Market by Deployment Model
- 8.1.3 US Human Capital Management Market by Organization Size
- 8.1.4 US Human Capital Management Market by Vertical
- 8.2 Canada Human Capital Management Market
- 8.2.1 Canada Human Capital Management Market by Component
- 8.2.1.1 Canada Human Capital Management Market by Software Type
- 8.2.2 Canada Human Capital Management Market by Deployment Model
- 8.2.3 Canada Human Capital Management Market by Organization Size
- 8.2.4 Canada Human Capital Management Market by Vertical
- 8.3 Mexico Human Capital Management Market
- 8.3.1 Mexico Human Capital Management Market by Component
- 8.3.1.1 Mexico Human Capital Management Market by Software Type
- 8.3.2 Mexico Human Capital Management Market by Deployment Model
- 8.3.3 Mexico Human Capital Management Market by Organization Size
- 8.3.4 Mexico Human Capital Management Market by Vertical
- 8.4 Rest of North America Human Capital Management Market
- 8.4.1 Rest of North America Human Capital Management Market by Component
- 8.4.1.1 Rest of North America Human Capital Management Market by Software Type
- 8.4.2 Rest of North America Human Capital Management Market by Deployment Model
- 8.4.3 Rest of North America Human Capital Management Market by Organization Size
- 8.4.4 Rest of North America Human Capital Management Market by Vertical
- Chapter 9. Company Profiles
- 9.1 IBM Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional & Segmental Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.6 SWOT Analysis
- 9.2 Oracle Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 SAP SE
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Infor, Inc. (Koch Industries)
- 9.4.1 Company Overview
- 9.4.2 Recent strategies and developments:
- 9.4.2.1 Partnerships, Collaborations, and Agreements:
- 9.4.2.2 Product Launches and Product Expansions:
- 9.5 Workday, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Recent strategies and developments:
- 9.5.4.1 Partnerships, Collaborations, and Agreements:
- 9.6 ADP, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Recent strategies and developments:
- 9.6.4.1 Product Launches and Product Expansions:
- 9.6.4.2 Acquisition and Mergers:
- 9.6.4.3 Geographical Expansions:
- 9.7 Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional & Segmental Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.5.2 Acquisition and Mergers:
- 9.8 UKG, Inc.
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Partnerships, Collaborations, and Agreements:
- 9.8.2.2 Acquisition and Mergers:
- 9.9 Sumtotal Systems, LLC (Skillsoft)
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Product Launches and Product Expansions:
- 9.10. Epicor Software Corporation
- 9.10.1 Company Overview
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