The North America human capital management market size is estimated to reach USD 14.59 billion by 2030, registering a CAGR of 6.5% from 2025 to 2030. The growing demand for talent acquisition and increasing difficulties in managing widespread workforce are expected to drive the growth of the market for the management of human capital in North America over the forecast period. Moreover, the ever-increasing number of job applicants is making it challenging for HR professionals to hire ideal candidates with the desired skills and knowledge base. As a result, organizations are either outsourcing their hiring processes or adopting dedicated software/services to manage the data of all the applicants efficiently while ensuring the quality of interviews and maintaining a better joining ratio, thereby driving the growth of the hcm market for the management of human capital in North America.
Another driver that is driving the demand for human capital management software in North America is the increasing need among organizations to hire good candidates and retain valuable employees. HCM software can particularly help HR professionals because it includes tools for performance appraisals, competency management, goal alignment, and employee motivation. Increasing adoption of workforce planning & analytics software to improve business agility and deliver improved outcomes is further expected to drive the growth of the market for human capital management in North America over the forecast period.
Advances in technology have led to the development of various mobile applications and social collaboration software that offers both employees and employers the necessary flexibility to access data anytime and from anywhere. At the same time, several companies are also opting for HR analytics for predicting workforce requirement, tracking successors at higher levels, and gauging employees’ performance & satisfaction levels, thereby driving the growth of the market. Various initiatives being pursued by enterprises in North America to digitize the HR processes are also expected to drive the demand for HCM software in the region.
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Another driver that is driving the demand for human capital management software in North America is the increasing need among organizations to hire good candidates and retain valuable employees. HCM software can particularly help HR professionals because it includes tools for performance appraisals, competency management, goal alignment, and employee motivation. Increasing adoption of workforce planning & analytics software to improve business agility and deliver improved outcomes is further expected to drive the growth of the market for human capital management in North America over the forecast period.
Advances in technology have led to the development of various mobile applications and social collaboration software that offers both employees and employers the necessary flexibility to access data anytime and from anywhere. At the same time, several companies are also opting for HR analytics for predicting workforce requirement, tracking successors at higher levels, and gauging employees’ performance & satisfaction levels, thereby driving the growth of the market. Various initiatives being pursued by enterprises in North America to digitize the HR processes are also expected to drive the demand for HCM software in the region.
North America Human Capital Management Market Report Highlights
- The hosted deployment segment is anticipated to witness fastest growth owing to the low implementation and maintenance costs associated with a hosted deployment.
- The large enterprises segment dominated the market in 2024 and is expected to remain the largest segment over the forecast period owing to the growing emphasis of large enterprises on efficiently managing the vast database of their employees.
- The retail segment is anticipated to grow at a fastest CAGR of 8.6% over the forecast period, as retail companies are trying hard to overcome challenges involved in employee retention.
- The U.S. is expected to continue dominating the market over the forecast period owing to the increasing government initiatives and investments in digitizing the HR processes.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
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This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the North America Human Capital Management market include:
- Accenture
- Dayforce
- IBM Corporation
- Mercer LLC
- ADP, Inc.
- PwC
- Cegid
- SAP SE
- Oracle
- Workday, Inc.
- UKG Inc.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Human Capital Management Market Variables, Trends, & Scope
Chapter 4. North America Human Capital Management Market: Component Estimates & Trend Analysis
Chapter 5. North America Human Capital Management Market: Organization Size Estimates & Trend Analysis
Chapter 6. North America Human Capital Management Market: Deployment Estimates & Trend Analysis
Chapter 7. North America Human Capital Management Market: End Use Estimates & Trend Analysis
Chapter 8. North America Human Capital Management Market: Country Estimates & Trend Analysis
Chapter 9. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Accenture
- Dayforce
- IBM Corporation
- Mercer LLC
- ADP, Inc.
- PwC
- Cegid
- SAP SE
- Oracle
- Workday, Inc.
- UKG Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 9.71 Billion |
| Forecasted Market Value ( USD | $ 14.59 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | North America |
| No. of Companies Mentioned | 11 |
