Human Capital Management Market Size, Share, Growth, Forecast 2032
Human Capital Management Market: by Component (Software, and Services) by Deployment Type Type (Cloud, and On-premises) by Organization Size (SMEs, and Large Enterprises) by Industry vertical (IT and Telecom, Government, Consumer Goods and Retail, Manufacturing, BFSI, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 25.75 Million | USD 50.79 Million | 7.84% | 2023 |
Human Capital Management Market Insights
According to Zion Market Research, the global Human Capital Management Market was worth USD 25.75 Million in 2023. The market is forecast to reach USD 50.79 Million by 2032, growing at a compound annual growth rate (CAGR) of 7.84% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Human Capital Management industry over the next decade.
The report analyzes the global human capital management market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the human capital management industry.
Human Capital Management Market: Overview
This report analyzes and estimates the human capital management at global, regional, and country level. The research study provides historic data from 2016 to 2018 along with forecast from 2019 to 2025 based on revenue (USD Billion). Assessment of the human capital management provides detailed insights of the market drivers and restraints along with their impact analysis at global level from 2016 to 2025.
The report covers in-depth analysis of the strategies adopted by major competitors in the human capital management. To understand the competitive landscape in the human capital management, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein component, organization size, industry vertical, and regional segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the human capital management based on component, organization size, industry vertical, and region. All the segments of the human capital management have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025. Based on component, the global human capital management is further divided into software, and services. Cloud, and on-premises form the deployment type segment of global human capital management. The organization size segment is bifurcated into SMEs, and large enterprises. Further, IT and telecom, government, consumer goods and retail, manufacturing, and others forms the industry vertical segment.
Human Capital Management Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Human Capital Management Market |
| Market Size in 2023 | USD 25.75 Million |
| Market Forecast in 2032 | USD 50.79 Million |
| Growth Rate | CAGR of 7.84% |
| Number of Pages | 157 |
| Key Companies Covered | Workday, Oracle Corporation, ADP, SAP, Microsoft Corporation, IBM Corporation, Ultimate Software, Ceridian, SumTotal |
| Segments Covered | By Component, By Deployment Type, By Organization Size, By Vertical And By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Human Capital Management Market: Competitive Analysis
Detailed analysis of the major players in the global human capital management includes their financial overview, business strategies, recent developments, and the product offered by them in the market. This will help in assessing the market competition. Key competitors included in this report are:
- Workday
- Oracle Corporation
- ADP
- SAP
- Microsoft Corporation
- IBM Corporation
- Ultimate Software
- Ceridian, SumTotal
- Kronos among others.
Human Capital Management Market: Regional Analysis
The regional segmentation comprises the past, present, and estimated demand for Middle East & Africa, North America, Asia Pacific, Latin America and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
This report segments the global human capital management market as follows:
Global Human Capital Management Market: Component Segment Analysis
- Software
- Services
Global Human Capital Management Market: Deployment Type Segment Analysis
- Cloud
- On-premises
Global Human Capital Management Market: Organization Size Segment Analysis
- SMEs
- Large Enterprises
Global Human Capital Management Market: Vertical Segment Analysis
- IT and Telecom
- Government
- Consumer Goods and Retail
- Manufacturing
- BFSI
- Others
Global Human Capital Management Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Human Capital Management (HCM) refers to the strategic approach and practices that organizations use to effectively manage and optimize their workforce. It encompasses a range of activities, processes, and strategies aimed at recruiting, developing, managing, and retaining employees to achieve organizational goals and objectives.
Changing workforce demographics, including the rise of millennials and Generation Z, along with evolving work preferences, drive the need for modern and flexible HCM solutions that cater to different employee needs.
According to the report, global demand for human capital management market was valued at USD 15.3 Billion in 2018, and is expected to reach USD 27.3 Billion in 2025.
growing at a rate of 8.6% between 2019 and 2025.
The regional segmentation comprises the past, present, and estimated demand for Middle East & Africa, North America, Asia Pacific, Latin America and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Key competitors included in this report are Workday, Oracle Corporation, ADP, SAP, Microsoft Corporation, IBM Corporation, Ultimate Software, Ceridian, SumTotal, and Kronos among others.
Choose License Type
RelatedNews
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed