Human Capital Management Market worth $ 19.88 Billion by 2021 Human Capital Management Market

Human Capital Management (HCM) Market Worth 19.88 Billion USD by 2021
Jul 01, 2016, 12:30 ET from MarketsandMarkets
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PUNE, India, July 1, 2016 /PRNewswire/ --
According to a new market research report "Human Capital Management Market Solution (Core HR, Talent Management, Payroll and Tax, Workforce
Planning and Analytics, Recruiting), Service (Implementation, Training, Consulting), Deployment, User, Industry Vertical, Region - Global Forecast to
2021" published by MarketsandMarkets, the HCM market is expected to reach USD 19.88 Billion by 2021, at a CAGR of 9.6% during the forecast period.
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Browse 69 market data Tables and 72 Figures spread through 191 Pages and in-depth TOC on "Human Capital Management Market"
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HCM is growing gradually and is being adopted by users to standardize processes for both workforce and talent management. The continuous developments
in this technology and its solutions have also encouraged users to adopt HCM solutions and services.
Core HR and workforce planning and analytics are expected to be the largest contributor in the global HCM market during the forecast period 
In the HCM market, due to the rising demands for advanced HR processes such as personnel tracking and workforce management across all industry
verticals, the core HR and workforce planning and analytics in the solutions' segment is expected to contribute the highest in the overall revenue generation
during the forecast period.
he transportation and logistics industry vertical is expected to show significant growth rate in terms of adoption of HCM-based solutions and services 
Managing multiple resources and meeting customer requirements has become one of the most important aspects of the transportation and logistics sector.
The concept of HCM has led the industry to focus more on improving delivery services and managing and attracting talent. Moreover, transportation and
logistics companies are compelled to integrate HR systems with operational and financial systems. Furthermore, in this industry, clients demand and expect
high quality services to be delivered on time. Therefore, the need to attract talent and best resources is encouraging this industry to adopt HCM solutions at a
fast pace.
With growing technological advancements in the countries of North America, the region is expected to be the largest contributor of HCM solutions
during the forecast period. 
The North America region has been a predominately concerned market regarding the adoption of HCM solutions and services. The high adoption of digital
technology across all major industries helps the HCM market to grow in North America, particularly in the U.S. and Canada. The market is in the emerging
stage in the regions of Asia-Pacific (APAC), Latin America, and Middle East and Africa (MEA). Therefore, these regions exhibit immense scope for the adoption