Human Capital Management Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By deployment model (On-premises, Cloud); By organization size; By vertical; By Region; Segment Forecast, 2022 - 2030

Human Capital Management Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By deployment model (On-premises, Cloud); By organization size; By vertical; By Region; Segment Forecast, 2022 - 2030

The global human capital management market size is expected treach USD 41.38 billion by 2030, according ta new study by Polaris Market Research. The report “Human Capital Management Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By deployment model (On-premises, Cloud); By organization size; By vertical; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

The rising cloud adoption among enterprises tbetter manage office employees and concerned work create many HCM vendor opportunities. The cloud-based deployment model provides advantages such as profitability, ease and speed of deployment, and more rapid application administration and operations. On-premises deployment is more expensive and risky than SaaS-based deployment, which provides flexibility and stability tmost organizations. Furthermore, it reduces expenditure and maximizes asset return.

Further, HCM and (CRM) migrated tthe cloud. These cloud-based human capital administration solutions enable businesses tcreate avenues for effective employee engagement tools. Recruiting, mentoring, and learning tools help use plugins and application programming interfaces (APIs).

Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below:https://www.polarismarketresearch.com/industry-analysis/human-capital-management-market/request-for-sample

However, enterprises are concerned about security, smost HCM software is hosted in the cloud and managed by a third party. Cloud-based software frequently includes robust security features. This eliminates the risk of hacking or security breaches. Nonetheless, many business owners are often reluctant tmove HR files and systems tthe cloud, typically containing sensitive employee data. As a result, enterprises are not prepared tmove their employee records, payroll, and administrative information tthe cloud.

Based on the component, the service segment accounted for the leading share in the industry. Increasing software implementation tcontrol the entire employee lifecycle and the expanding need tcomply with regulatory requirements are critical factors driving the software segment thave the highest industry share during the forecast period.

Market players such as BamboHR, Automatic Data Processing, Benefitfocus, Bitrix, Cornerstone, Gusto, Infor, Workforce Software, Epicor Software, Kronos Incorporated, Meta4, Namely, Oracle Corporation, Paychex, Paylocity Corporation, Paycom Software, PeopleStrategy, RamcSystems, Sage Group, SAP SE, Workday, Inc, Ultimate Software, Zenefits, and Zohare key players operating in the global market. In June 2021, Ceridian and PwC UK formed a partnership in which PwC UK would provide counseling and implementation services for Ceridian’s award-winning HCM platform, Dayforce, tcurrent and new customers in the UK and Ireland.

Polaris market research has segmented the human capital management market report based on component, deployment mode, organization size, vertical, and region:

Human Capital Management, Component Outlook (Revenue – USD Billion, 2018 – 2030)

• Software

Core HR

Applicant Tracking System

HR Analytics

Workforce Management

• Services

Integration and Implementation

Training and Education

Support and Maintenance

Consulting

Human Capital Management, Deployment Mode Outlook (Revenue – USD Billion, 2018 – 2030)

• On-premises
• Cloud

Human Capital Management, Organization Size Outlook (Revenue – USD Billion, 2018 – 2030)

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Human Capital Management, Vertical Outlook (Revenue – USD Billion, 2018 – 2030)

• Banking, Financial Services, and Insurance (BFSI)
• Government
• Manufacturing
• Telecom and IT
• Consumer Goods and Retail
• Healthcare and Life Sciences
• Energy and Utilities
• Transportation and Logistics
• Others

Human Capital Management, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

• North America
• U.S.
• Canada
• Europe
• France
• Germany
• UK
• Italy
• Netherlands
• Spain
• Russia
• Asia Pacific
• China
• India
• Japan
• Malaysia
• South Korea
• Indonesia
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• UAE
• Saudi Arabia
• Israel
• South Africa