Industry Insights Of Global Human Capital Management market | Forecasts 2023

Posted June 10, 2019 by shreyeshkulkarni77

The demand for Human Capital Management Market 2019 is anticipated to be high for the next few years.
The demand for Human Capital Management Market 2019 is anticipated to be high for the next few years. By considering this demand we provide latest Human Capital Management Market Report which gives complete industry analysis, market outlook, size, growth and forecast till 2023. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.

Global Human Capital Management Market Overview:

The Global Human Capital Management Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Human Capital Management market size to maintain the average annual growth rate of 9.32% from USD 11100 Million in 2015 to USD 14500 Million in 2018, market analysts believe that in the next few years, the Human Capital Management market size will be further expanded, we expect that by 2023, The market size of the Human Capital Management will reach USD 22510 Million.

The most important key factors driving the growth of the Global Human Capital Management Market are rapid growth in demand for workforce optimization and increase in mobile applications.

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Human Capital Management is a set of practices identified with individual’s resource management which are centred on the organizational need to give explicit competencies. These practices are executed in three primary categories as workforce acquisition, Human Capital Management, and workforce optimization. Human Capital Management is a way to deal with employee staffing that perceives individuals as resources like human capital. In human capital management, the human capital's present esteem can be estimated and its future esteem can be improved through investment.

The Global Human Capital Management Market is segmented on the basis of Software, Service, Deployment Type, Organization Size, Vertical and Region. Based on the Software, the market is classified into Core HR, Workforce management, Sourcing & recruiting, Applicant tracking system, Staffing vendor management and others. On the basis of Service, the market is divided into Integration, Support & maintenance, Consulting. Based on the Deployment Type, the market is sub-segmented into On-premises and Cloud. On the basis of Organization Size, the market is classified into Small and Medium-Sized Enterprises (SMEs) and Large Enterprises. Based on the Vertical, the market is sub-segmented into BFSI, Government, Manufacturing, Telecom & IT, Consumer goods & retail, Healthcare & life sciences, Energy & utilities, Transportation & logistics, and others.

In terms of the geographic analysis, North America region is dominating the Human Capital Management Market owing to factors such as increased internet penetration and technological advancements. The study also indicates that cloud deployment is a driving factor for APAC region to grow significantly in the Human Capital Management Market by the forecast period (2019 - 2023).

Latest Industry News:

1 Paycom Software (April 4, 2019) – Paycom Releases Direct Data Exchange, Industry’s First Tool Measuring Data Efficiency – Paycom Software, Inc., a leading provider of comprehensive, cloud-based human capital management software, today announced the release of Direct Data Exchange, the industry’s first comprehensive management analytics tool giving employers insights into efficiencies gained through employee usage of HR technology.

“Our technology can accelerate a company’s digital transformation by empowering employees to self-manage their information by connecting directly with their HR database,” said Chad Richison, Paycom’s founder and CEO. “The analytics generated by our Direct Data Exchange can help businesses achieve maximum ROI from their HR technology through real-time monitoring and tracking of usage trends.”

2 Ultimate Software Group (March 14, 2019) – Top-100 Electrical Distributor Uses UltiPro Compensation Management to Address Gaps in Gender Pay During Annual Salary Planning – Ultimate Software, a leading provider of human capital management (HCM) solutions in the cloud, announced today that ALCAL Industries, Central and Northern California’s largest independent electrical distributor, is using UltiPro to drive an equitable salary-planning process.

ALCAL Industries is the parent company of Alameda Electrical Distributors and California Service Tool. The two subsidiaries have a combined 23 locations, and provide one of California’s most respected offerings of electrical products, tools, tool rental and repair services, safety equipment, and project management. Prior to UltiPro, the company developed a compensation plan with bands and ranges for managers to apply to their employees, tied to specific employee ratings. However, because managers completed this salary-planning process manually on spreadsheets, they had difficulty comparing how their employees were ranked within the company’s compensation system. In addition, HR was required to invest a substantial amount of time reviewing the data manually once it received the spreadsheets back from managers. ALCAL sought to provide managers with the necessary visibility and insight to make the best pay decisions, and selected UltiPro, going live in April 2018.

Top Leading Key Manufacturers are: Workday, Oracle Corporation, SAP SE, Kronos, Automatic Data Processing, Ultimate Software Group, IBM, Sumtotal Systems, Llc (A Skillsoft Company), Employwise, Paycom Software, Ceridian Hcm, Peoplestrategy, Infor,Cornerstone Ondemand and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Purchase this report online with 90 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Human Capital Management Market Report 2019” @ .

Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Human Capital Management in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Last Updated June 10, 2019