Information Communication and Technology Reports Human Capital Management | Page 2
consumer goods and retail vertical has been focusing on adopting advanced solutions to efficiently manage their
resources. Moreover, the increasing competition in the consumer goods and retail vertical has encouraged these
enterprises to efficiently manage their resources and increase the profitability.
With the growing technological advancements in North America, the region is expected to be the largest
contributor of HCM solutions during the forecast period.
The North America region has been predominately concerned regarding the adoption of HCM solutions and
services. The high adoption of digital technology across all major verticals helps the HCM market to grow in North
America, particularly in the US 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 of HCM solutions. Additionally, the growing technological developments in the field of cloud, analytics,
and the emergence of mobile technologies have led to the high adoption of HCM solutions in major verticals, such
as Banking, Financial Services, and Insurance (BFSI), transportation and logistics, and healthcare.
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.
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