Information Communication and Technology Reports HCM Market Report

Human Capital Management Market is expected to grow from
USD 14.50 Billion in 2017 to USD 22.51 Billion by 2022
According to a new market research report " Human Capital Management Market by Software (Core HR,
Workforce Management, Sourcing and Recruiting, Applicant Tracking System, Staffing Vendor Management),
Services, Deployment Type, Organization Size, and Region - Global Forecast to 2022", published by
MarketsandMarkets™, The Human Capital Management (HCM) market size is expected to grow from USD 14.50
Billion in 2017 to USD 22.51 Billion by 2022, at an estimated Compound Annual Growth Rate (CAGR) of 9.2%.
HCM is growing gradually and being adopted by users to standardize processes for core Human Resources (HR)
activities, workforce management, and talent management. Managing the widespread workforce located at
different regions is one of the major driving forces for the growth of the HCM market.
Browse and in-depth TOC on “Human Capital Management Market”
65 - Tables
71 - Figures
139 - Pages
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Major Key Companies:
The HCM market consists of major players, such as Workday, Inc. (US), Oracle Corporation (US), SAP SE (Germany),
Kronos, Inc. (US), Automatic Data Processing, LLC (US), Ultimate Software Group, Inc. (US), IBM Corporation (US),
SumTotal Systems, LLC (US), EmployWise (India), Paycom Software, Inc. (US), Ceridian HCM, Inc. (US), and
PeopleStrategy, Inc. (US) in this market.
Industry Segmentation:
In software, sourcing and recruiting, and workforce management segment are expected to have significant market
growth rates in the Human Capital Management market during the forecast period from 2017 to 2022. HCM
vendors offers various services, such as implementation, training and support, and consulting, in order to help
organizations determine the best possible software to fit their specific needs. In the services segment, the support
and maintenance service segment is expected to grow at a faster rate. Training and support services facilitate
organizations and users to understand the software functionalities, update to the latest features, and also ensure
the smooth functionality of the software in the long run.
The cloud-based HCM solutions are rapidly gaining traction in the deployment type segment. The cloud
deployment type stimulates better access to Human Capital Management market data, with faster implementation
and reduced total cost of ownership. Considering the cost benefits, Small and Medium-Sized Enterprises (SMEs)
are likely to adopt the cloud-based deployment model for implementing Human Capital Management solutions.
Furthermore, higher scalability and speed are the other major factors that support the fast growth of the cloud-
based deployment model. The market for cloud is expected to grow in the future, as it provides secure access to
various administrative activities through an HR portal and enables users to access personal HR data, such as