Human Capital Management Market worth $24.3 billion by 2025

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The report "Human Capital Management 
Market by Software (Core HR, Applicant Tracking System, HR Analytics, Workforce Management), Services, Deployment Model (cloud and on-premises), Organization Size, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global HCM market size is expected to grow from USD 17.6 billion in 2020 to USD 24.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. Integration of emerging technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), with HCM software has emerged as one of the strongest factors for HCM software and services adoption across regions

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  • 394 Market Data Tables
  • 48 Figures
  • 292 Pages and in-depth TOC on "Human Capital Management Market - Global Forecast to 2025"
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Some of the prominent key players are:
  • IBM (US)
  • Ultimate Software (US)
  • Ceridian (US)
  • SumTotal (US)
  • Kronos (US)
  • Infor (US)
  • Talentsoft (France)
  • EmployWise (India)
  • PeopleStrategy (US)
  • Cornerstone (US)
  • Meta4 (US)

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Large enterprises segment to hold a larger market size during the forecast period

The adoption of HCM is high among large enterprises as these enterprises have to manage huge volumes of personnel information for employees located across geographies and need a centralized system to manage this information.

Consumer goods and retail segment to grow at the highest CAGR during the forecast period

Consumer goods and retail segment is expected to have the highest adoption of HCM software where this vertical is expected to outperform other verticals in terms of growth. The vertical has mainly adopted HCM software to have a centralized system to manage the information of all employees irrespective of store location.

North America to account for the highest market share during the forecast period

North America has always been at the forefront of adopting advanced technologies and has depicted a high adoption of HCM. Many companies in North America are increasingly adopting HCM software to gain holistic visibility into their employees and improve the overall performance of their system. Moreover, a direct presence of many major HCM vendors in North America has further added to the high adoption of HCM software in North America.

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   Remember:

  • Covid Impact on Human Capital Management Market , growth/decline in product type/use cases of Human Capital Management Market  due to cascaded impact of Covid on Extended Ecosystem..
  • How top 50 companies in Human Capital Management Market  are making rapid shifts in their strategies as we speak here...
  • Outside-in view of top 50 companies client and client's clients shifting short-term priorities

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