The Human Capital Management Software Market size is estimated at USD 24.92 billion in 2024, and is expected to reach USD 35.94 billion by 2029, growing at a CAGR of 7.60% during the forecast period (2024-2029).
Many companies are onboarding HCM vendors who provide robust and reliable software solutions to increase workforce productivity.
The market is fragmented, with new vendors offering specific services over the cloud, such as application tracking or Employee Onboarding. Legacy software giants and ERP providers are also gaining a significant market share and making the market more competitive.
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