Human Capital Management Market: Industry Development Scenario and Forecast to 2026

Apr 1st 2019 at 3:19 AM

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Human Capital Management Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

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In any company, human resource department performs multifaceted tasks. Operations of this department are not merely restricted to recruitment process, but it also facilitates optimization and management. With multiple tasks in hand, it becomes a walk on tight-rope for the department and often the to-do-list becomes an exhaustive one. This is when human capital management (HCM) comes to the rescue of HR department. HCM acts as a comprehensive solution to the challenges faced by the department by facilitating smooth process, right from recruitment till retirement. With such ease provided, HCM market is estimated to register about 8.8% CAGR through 2026.Aforesaid insights have been extracted from a study titled, “Human Capital Management Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, which is present in the all-inclusive repository of Market Research Report Search Engine (MRRSE).

Digitization has been penetrating through the major segments of the business. North America has been a dominant region in adopting technological innovations. With the ease of scalability, flexibility, and hassle-free integrated solutions of HCM, the region has been favoring the growth of market, which in turn has led the market to be estimated at the value of US$ 8.02 Mn through 2026.

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The insightful report on the market provides analysis for 2016 to 2026. The year 2017 is considered as the base year and the duration – 2018 to 2026 is the forecasted period. The revenue growth of the market is provided in the report in values (US$ Bn). The study comprises of key factors that have affected or have chances to impact the market in the long run. A brief analysis on threats, restraints, and opportunities is included in the report for the said period.A comprehensive analysis on the market dynamics, the revenue structure, ecosystem, and crucial market indicators are listed and elucidated in the report. These factors will assist the stakeholders of the market and help them understand the key trends and last developments of the market. The report encompasses the market segmentation of the report, depending on deployment, size of enterprise, solution, and industry.The study covers a comprehensive analysis of regions – North America, Europe, Asia Pacific, Middle East and Africa, & South America. The regional analysis provides a brief idea about the factors that propel the growth of the HCM market.  North America, with its digital advancements, is projected to remain a favorable region for the growth of the market, while the market in Latin America, Asia Pacific, and Middle East and Africa is anticipated to stay emerging, owing to its technological advancements in analytics, cloud, and mobile technologies.

The report profiles some crucial players in the market – Infor, Inc., Paychex, Inc., Workday, Inc, SAP SE, Paylocity Corporation, Kronos Incorporated, Epicor Software Corporation, Ultimate Software Group, Sage Group plc., Oracle Corporation, Paycor, Inc., Paycom Software, Inc., and Automatic Data Processing, Inc. A brief profile of each of these companies, along with their market share and strategies have been elucidated in the report.

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