Human Capital Management Market by Offering (Software (Core HR, ATS, HR Analytics, and Workforce Management) and Services), Deployment Model, Organization Size, Vertical (BFSI, Manufacturing, IT & Telecom, Government) & Region

The HCM market is expected to grow from USD 27.5 billion in 2024 to USD 41.3 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period. The HCM market is undergoing a rapid evolution spurred by several key factors. Technological advancements have revolutionized traditional HR practices, with cloud-based solutions, AI, and analytics driving efficiency and insight. In addition, globalization has necessitated the need for scalable and adaptable HCM platforms that can support diverse workforces across various geographical locations. Moreover, the growing emphasis on talent management, employee engagement, and workforce optimization has reshaped the priorities within the HCM landscape, prompting a shift towards more holistic and integrated solutions.

As per the organization size, SMEs are expected to grow at the second highest CAGR during the forecast period.

The employee count of SMEs generally ranges between 1 and 1,000. Small capital, less complex environment, and low integration with advanced technologies affect the adoption of HCM in SMEs. SMEs face specific challenges, such as domain-specific personnel and skilled workforce requirements, budget constraints, and limited economies of scale. Tier 2 and tier 3 HCM providers mainly serve them. To make well-informed decisions for their business growth, SMEs have been forced to invest in HCM software and adopt go-to-market strategies due to increased attrition rates, expensive recruitment expenses, and a competitive market.

Because of their budget constraints and requirement for scalable, practical solutions, small and medium-sized enterprises (SMEs) face particular HR issues. HCM providers catering to SMEs provide comprehensive HR software tailored to their needs. These solutions streamline essential HR processes such as payroll, recruitment, attendance tracking, and performance management, enabling SMEs to manage their workforce effectively. By leveraging HCM software, SMEs can enhance employee engagement, ensure compliance with labor regulations, and drive business growth. Providers like HROne and CBIZ offer customizable and cost-effective HCM solutions to help SMEs optimize their HR operations and foster organizational success.

As per the software, CoreHR is expected to hold the highest market share during the forecast period.

CoreHR software forms the foundational element of HCM systems, encompassing essential HR functions and processes. This software typically includes features such as employee data management, payroll processing, benefits administration, and compliance management. It is a centralized repository for critical HR information, enabling organizations to efficiently manage employee records, track personnel movements, and administer compensation and benefits packages. CoreHR software streamlines routine HR tasks, enhances data accuracy and ensures compliance with regulatory requirements. Moreover, it facilitates seamless communication between HR departments and employees, enabling self-service functionalities such as accessing pay stubs, updating personal information, and requesting time off. As the backbone of HCM systems, CoreHR software lays the groundwork for effective talent management, workforce planning, and strategic decision-making, contributing to overall operational excellence and employee satisfaction.

As per vertical, the healthcare & life sciences vertical will grow at the second highest CAGR in 2024.

In Healthcare and Life Sciences, HCM encompasses strategies and processes to effectively manage and optimize the workforce for optimal patient care and organizational success. Verisys is a leading provider contributing to HCM in Healthcare and Life Sciences by offering advanced compliance and data management solutions. Their suite of services, including FACIS® for Compliance and Safety and credentialing and provider data management, ensures regulatory compliance, streamlines onboarding processes, and enhances workforce efficiency across diverse healthcare markets. Oracle is another notable Healthcare and Life Sciences provider, offering comprehensive HCM solutions tailored to industry-specific needs. With features like Oracle Recruiting and Oracle Journeys, Oracle enables organizations to find specialized talent efficiently, enhance employee engagement, and align people plans with product lifecycles. Their advanced HCM controls ensure data security and compliance, empowering healthcare organizations to optimize workforce management and drive organizational success.

The breakup of the profiles of the primary participants is below:

By Company: Tier I: 48%, Tier II: 37%, and Tier III: 15%
By Designation: C-Level Executives: 40%, Director Level: 34%, and Others: 26%
By Region: North America: 42%, Europe: 31%, Asia Pacific: 16%, Rest of World: 11%

Note: Others include sales managers, marketing managers, and product managers

Note: The rest of the World consists of the Middle East & Africa, and Latin America

Note: Tier 1 companies have revenues of more than USD 100 million; tier 2 companies' revenue ranges from USD 10 million to USD 100 million; and tier 3 companies' revenue is less than 10 million.

Source: Secondary Literature, Expert Interviews, and Analysis

Some of the significant vendors offering HCM software across the globe include.orkday (US), UKG (US), Oracle (US), SAP (Germany), Dayforce (US), ADP (US), Paylocity (US), Paycom (US), Cornerstone (US), and Microsoft (US).

Research coverage:

The HCM market is covered by the market study in all its segments. This study evaluates the market's size and growth potential in various market segments, including offering, deployment model, organization size, vertical, and geography. It contains a thorough competition analysis of the major market participants, company biographies, important insights regarding their business and product offerings, new developments, and crucial market strategies.

Reasons to buy this report:

With information on the most accurate estimates of revenue figures for the entire HCM market and its subsegments, the research will benefit market leaders and recent newcomers. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (as companies engage in the ongoing war for talent, HCM solutions emerge as essential tools, offering streamlined recruitment processes, comprehensive workforce management, and personalized employee engagement strategies), restraints (security concerns over cloud-based deployment), opportunities (integration of AI-driven analytics into HCM systems heralds a new era of workforce optimization and strategic talent management), and challenges (presence of multiple generations with distinct work styles and communication preferences necessitates adaptable HCM systems to ensure equitable treatment and collaborative efficiency).
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the HCM market.
Market Development: Comprehensive information about lucrative markets - the report analyses the HCM market across varied regions.
Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the HCM market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and business processes offered in HCM of leading players like Workday (US), UKG (US), Oracle (US), SAP (Germany), Dayforce (US), among others in the HCM market.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered
1.5 Currency Considered
Table 1 USD Exchange Rates, 2019-2023
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Impact of Recession

2 Research Methodology

2.1 Research Data
Figure 1 Human Capital Management Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Profiles
2.1.2.2 Key Insights from Industry Experts
2.2 Data Triangulation
Figure 2 Human Capital Management Market: Data Triangulation
2.3 Market Size Estimation
Figure 3 Human Capital Management Market: Top-Down and Bottom-Up Approaches
2.3.1 Top-Down Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
2.3.2 Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Human Capital Management Market: Research Flow
Figure 7 Market Size Estimation Methodology: Supply-Side Analysis
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach from Supply Side - Collective Revenue of Vendors
Figure 9 Market Size Estimation Methodology - (Supply Side): CAGR Projections from Supply Side
Figure 10 Demand-Side Approach: Human Capital Management Market
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Impact of Recession on Global Human Capital Management Market
2.6 Research Assumptions
2.7 Limitations

3 Executive Summary

Table 3 Human Capital Management Market Size and Growth, 2019-2023 (USD Million, Y-O-Y)
Table 4 Human Capital Management Market Size and Growth, 2024-2029 (USD Million, Y-O-Y)
Figure 11 Global Human Capital Management Market to Witness Significant Growth, 2019-2029
Figure 12 Fastest-Growing Segments in Human Capital Management Market, 2024-2029
Figure 13 Human Capital Management Market: Regional Snapshot

4 Premium Insights

4.1 Overview of Human Capital Management Market
Figure 14 Shift Toward Mobile-Centric Usage and Need for Updated Hris Software to Drive Market
4.2 Human Capital Management Market, by Offering
Figure 15 Software Segment to Account for Larger Market Share During Forecast Period
4.3 Human Capital Management Market, by Software
Figure 16 Core HR Segment to Account for Largest Market Share During Forecast Period
4.4 Human Capital Management Market, by Service
Figure 17 Professional Services Segment to Account for Larger Market Share During Forecast Period
4.5 Human Capital Management Market, by Deployment Model
Figure 18 Cloud Segment to Account for Larger Market Share During Forecast Period
4.6 Human Capital Management Market, by Organization Size
Figure 19 Large Enterprises to Account for Larger Market Share During Forecast Period
4.7 Human Capital Management Market, by Vertical
Figure 20 Bfsi Vertical to Account for Largest Market Share During Forecast Period
4.8 Human Capital Management Market: Regional Scenario
Figure 21 Asia-Pacific to Emerge as Best Market for Investment in Next Five Years

5 Market Overview and Industry Trends

5.1 Introduction
5.2 Market Dynamics
Figure 22 Drivers, Restraints, Opportunities, and Challenges: Human Capital Management Market
5.2.1 Drivers
5.2.1.1 High Demand for Talent Attraction and Retention
5.2.1.2 Requirement for Unified HR Systems
5.2.1.3 Need for Adherence to Compliance and Labor Laws
5.2.1.4 Performance Enhancement Fueling Organizational Success Through Hcm
5.2.1.5 Integration of AI and ML in Hcm Suites
5.2.2 Restraints
5.2.2.1 Security Concerns Over Cloud-based Deployment
5.2.3 Opportunities
5.2.3.1 Cloud Ecosystem Improves Hcm Scalability and Integration
5.2.3.2 Increasing Demand for AI-Driven Analytics in Organizations
5.2.3.3 Implementation of Remote Working Models
5.2.4 Challenges
5.2.4.1 Complex Workforce Dynamics
5.2.4.2 Intricacy of Technical Integration and High Cost of Implementation
5.3 Case Study Analysis
5.3.1 Paylocity Helped Watters International Realty Firm Save Time and Money and Enable Agents to Manage Information Independently
5.3.2 Fast-Food Franchise Saved Money in Annual Federal Tax Credits by Deploying Paycom's Tax Credits Software
5.3.3 Puma Enhanced Its Organizational Culture, Competitiveness, and Competence After Deploying Workday Hcm Solutions
5.3.4 Feeding America Increased Operational Efficiency with Help of Ukg Pro
5.3.5 American Cedar & Millwork Achieved Optimized Workforce Management by Implementing Bamboohr's Time Tracking
5.3.6 Avidbots Provided Its Employees with Effortless Time Tracking and Paid Time Off with Bamboohr
5.4 Value Chain Analysis
Figure 23 Human Capital Management Market: Value Chain Analysis
5.5 Ecosystem/Market Map
Figure 24 Human Capital Management Market: Ecosystem
5.6 Technology Analysis
5.6.1 Key Technologies
5.6.1.1 Cloud Computing
5.6.1.2 Analytics
5.6.2 Complementary Technologies
5.6.2.1 IoT
5.6.2.2 Data Integration Tools
5.6.3 Adjacent Technologies
5.6.3.1 AI
5.6.3.2 ML
5.7 Pricing Analysis
Table 5 Indicative Pricing Analysis of Human Capital Management Vendors, by Software
5.8 Patent Analysis
Figure 25 Number of Patents Published, 2013-2023
Figure 26 Top Five Patent Owners (Global)
Table 6 Top 10 Patent Applicants (US)
5.9 Porter's Five Forces’ Analysis
Figure 27 Human Capital Management Market: Porter's Five Forces Analysis
Table 7 Porter's Five Forces’ Impact on Human Capital Management Market
5.9.1 Threat of New Entrants
5.9.2 Threat of Substitutes
5.9.3 Bargaining Power of Suppliers
5.9.4 Bargaining Power of Buyers
5.9.5 Intensity of Competitive Rivalry
5.10 Regulatory Landscape
5.10.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 Rest of World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.10.2 Regulations
5.11 Trends/Disruptions Impacting Customers’ Businesses
Figure 28 Human Capital Management Market: Trends and Disruptions Impacting Customers’ Businesses
5.12 Key Stakeholders & Buying Criteria
5.12.1 Key Stakeholders in Buying Process
Figure 29 Influence of Stakeholders on Buying Process for Top Two Verticals
Table 12 Influence of Stakeholders on Buying Process for Top Two Verticals
5.12.2 Buying Criteria
Figure 30 Key Buying Criteria for End-users
Table 13 Key Buying Criteria for End-users
5.13 Business Model Analysis
Figure 31 Human Capital Management Market: Business Model Analysis
5.14 Key Conferences and Events
Table 14 Human Capital Management Market: Detailed List of Conferences and Events, 2024-2025
5.15 Investment and Funding Scenario
Figure 32 Investment and Funding Scenario of Major Human Capital Management Companies

6 Human Capital Management Market, by Offering

6.1 Introduction
Figure 33 Software Segment to Hold Larger Market During Forecast Period
6.1.1 Offerings: Human Capital Management Market Drivers
Table 15 Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 16 Human Capital Management Market, by Offering, 2024-2029 (USD Million)
6.2 Software
Figure 34 Core HR Segment to Hold Largest Market During Forecast Period
Table 17 Software: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 18 Software: Human Capital Management Market, by Region, 2024-2029 (USD Million)
Table 19 Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 20 Human Capital Management Market, by Software, 2024-2029 (USD Million)
6.2.1 Core HR
Table 21 Core HR: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 22 Core HR: Human Capital Management Market, by Region, 2024-2029 (USD Million)
6.2.1.1 Benefits & Claims Management
6.2.1.2 Payroll & Compensation Management
6.2.1.3 Personnel Management
6.2.1.4 Learning Management
6.2.1.5 Pension Management
6.2.1.6 Compliance Management
6.2.1.7 Other Core HR Applications
6.2.2 Applicant Tracking System
Table 23 Applicant Tracking System: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 24 Applicant Tracking System: Human Capital Management Market, by Region, 2024-2029 (USD Million)
6.2.2.1 Candidate Sourcing
6.2.2.2 Candidate Screening
6.2.2.3 Application Management
6.2.2.4 Interview Management
6.2.2.5 Other Ats Applications
6.2.3 HR Analytics
Table 25 HR Analytics: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 26 HR Analytics: Human Capital Management Market, by Region, 2024-2029 (USD Million)
6.2.3.1 People Analytics
6.2.3.2 HR Metrics Reporting
6.2.3.3 Performance Metrics & Kpi Tracking
6.2.3.4 Talent Acquisition Metrics
6.2.3.5 Attrition Analytics
6.2.4 Workforce Management
Table 27 Workforce Management: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 28 Workforce Management: Human Capital Management Market, by Region, 2024-2029 (USD Million)
6.2.4.1 Time & Attendance Management
6.2.4.2 Leave & Absence Management
6.2.4.3 Workforce Scheduling
6.2.4.4 Workforce Analytics
6.2.4.5 Other Workforce Management Applications
6.3 Services
Figure 35 Managed Services Segment to Hold Higher CAGR During Forecast Period
Table 29 Services: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 30 Services: Human Capital Management Market, by Region, 2024-2029 (USD Million)
Table 31 Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 32 Human Capital Management Market, by Service, 2024-2029 (USD Million)
6.3.1 Professional Services
Table 33 Professional Services: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 34 Professional Services: Human Capital Management Market, by Region, 2024-2029 (USD Million)
Table 35 Human Capital Management Market, by Professional Service, 2019-2023 (USD Million)
Table 36 Human Capital Management Market, by Professional Service, 2024-2029 (USD Million)
6.3.1.1 Integration & Implementation
Table 37 Integration & Implementation: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 38 Integration & Implementation: Human Capital Management Market, by Region, 2024-2029 (USD Million)
6.3.1.2 Training & Education
Table 39 Training & Education: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 40 Training & Education: Human Capital Management Market, by Region, 2024-2029 (USD Million)
6.3.1.3 Consulting
Table 41 Consulting: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 42 Consulting: Human Capital Management Market, by Region, 2024-2029 (USD Million)
6.3.2 Managed Services
Table 43 Managed Services: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 44 Managed Services: Human Capital Management Market, by Region, 2024-2029 (USD Million)
6.3.2.1 Support & Maintenance
6.3.2.2 HR Outsourcing
6.3.2.3 Payroll Processing

7 Human Capital Management Market, by Deployment Model

7.1 Introduction
7.1.1 Deployment Models: Human Capital Management Market Drivers
Table 45 Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 46 Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
7.2 On-Premises
Table 47 On-Premises: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 48 On-Premises: Human Capital Management Market, by Region, 2024-2029 (USD Million)
7.3 Cloud
Table 49 Cloud: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 50 Cloud: Human Capital Management Market, by Region, 2024-2029 (USD Million)

8 Human Capital Management Market, by Organization Size

8.1 Introduction
8.1.1 Organization Sizes: Human Capital Management Market Drivers
Table 51 Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 52 Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
8.2 Small and Medium-Sized Enterprises
Table 53 Small and Medium-Sized Enterprises: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 54 Small and Medium-Sized Enterprises: Human Capital Management Market, by Region, 2024-2029 (USD Million)
8.3 Large Enterprises
Table 55 Large Enterprises: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 56 Large Enterprises: Human Capital Management Market, by Region, 2024-2029 (USD Million)

9 Human Capital Management Market, by Vertical

9.1 Introduction
9.1.1 Verticals: Human Capital Management Market Drivers
Table 57 Human Capital Management Market, by Vertical, 2019-2023 (USD Million)
Table 58 Human Capital Management Market, by Vertical, 2024-2029 (USD Million)
9.2 Bfsi
Table 59 Bfsi: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 60 Bfsi: Human Capital Management Market, by Region, 2024-2029 (USD Million)
9.2.1 Bfsi: Application Areas
9.2.1.1 Compliance Training
9.2.1.2 Fraud Prevention
9.2.1.3 Risk Management
9.2.1.4 Sales Performance Management
9.2.1.5 Talent Pipelining
9.3 Government
Table 61 Government: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 62 Government: Human Capital Management Market, by Region, 2024-2029 (USD Million)
9.3.1 Government: Application Areas
9.3.1.1 Public Sector Recruitment
9.3.1.2 Workforce Diversity & Inclusion
9.3.1.3 Civil Service Classification
9.3.1.4 Public Policy Training
9.3.1.5 Public Health & Safety Training
9.4 Manufacturing
Table 63 Manufacturing: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 64 Manufacturing: Human Capital Management Market, by Region, 2024-2029 (USD Million)
9.4.1 Manufacturing: Application Areas
9.4.1.1 Lean Manufacturing Practices
9.4.1.2 Safety Training & Compliance
9.4.1.3 Productivity Tracking
9.4.1.4 Quality Control & Assurance Training
9.4.1.5 Maintenance Workforce Management
9.5 IT & Telecom
Table 65 IT & Telecom: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 66 IT & Telecom: Human Capital Management Market, by Region, 2024-2029 (USD Million)
9.5.1 IT & Telecom: Application Areas
9.5.1.1 Customer Service Training
9.5.1.2 Emerging Technologies Training
9.5.1.3 Cybersecurity Skills Development
9.5.1.4 Product Launch Training
9.5.1.5 Telecom Regulatory Compliance
9.6 Consumer Goods & Retail
Table 67 Consumer Goods & Retail: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 68 Consumer Goods & Retail: Human Capital Management Market, by Region, 2024-2029 (USD Million)
9.6.1 Consumer Goods & Retail: Application Areas
9.6.1.1 Merchandising & Inventory Management Training
9.6.1.2 Retail Store Operations Training
9.6.1.3 Customer Experience Training
9.6.1.4 Sales Performance Tracking
9.6.1.5 Labor Cost Management
9.7 Healthcare & Life Sciences
Table 69 Healthcare & Life Sciences: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 70 Healthcare & Life Sciences: Human Capital Management Market, by Region, 2024-2029 (USD Million)
9.7.1 Healthcare & Life Sciences: Application Areas
9.7.1.1 Clinical Skill Training
9.7.1.2 Ehr Training
9.7.1.3 Patient Safety Training
9.7.1.4 Health Compliance & Ethics Training
9.7.1.5 Healthcare Compliance Management
9.8 Energy & Utilities
Table 71 Energy & Utilities: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 72 Energy & Utilities: Human Capital Management Market, by Region, 2024-2029 (USD Million)
9.8.1 Energy & Utilities: Application Areas
9.8.1.1 Renewable Energy Workforce Development
9.8.1.2 Disaster Preparedness Training
9.8.1.3 Fsm
9.8.1.4 Etrm Training
9.8.1.5 Energy Conservation Programs
9.9 Transportation & Logistics
Table 73 Transportation & Logistics: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 74 Transportation & Logistics: Human Capital Management Market, by Region, 2024-2029 (USD Million)
9.9.1 Transportation & Logistics: Application Areas
9.9.1.1 Transportation Safety Training
9.9.1.2 Warehouse Operations & Inventory Control Training
9.9.1.3 Fleet Management Skills Development
9.9.1.4 Tms Training
9.9.1.5 Scm Training
9.10 Other Verticals
Table 75 Other Verticals: Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 76 Other Verticals: Human Capital Management Market, by Region, 2024-2029 (USD Million)

10 Human Capital Management Market, by Region

10.1 Introduction
Figure 39 North America to Account for Largest Market Share During Forecast Period
Table 77 Human Capital Management Market, by Region, 2019-2023 (USD Million)
Table 78 Human Capital Management Market, by Region, 2024-2029 (USD Million)
10.2 North America
10.2.1 North America: Human Capital Management Market Drivers
10.2.2 North America: Recession Impact
Figure 40 North America: Market Snapshot
Table 79 North America: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 80 North America: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 81 North America: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 82 North America: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 83 North America: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 84 North America: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 85 North America: Human Capital Management Market, by Professional Service, 2019-2023 (USD Million)
Table 86 North America: Human Capital Management Market, by Professional Service, 2024-2029 (USD Million)
Table 87 North America: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 88 North America: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 89 North America: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 90 North America: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
Table 91 North America: Human Capital Management Market, by Vertical, 2019-2023 (USD Million)
Table 92 North America: Human Capital Management Market, by Vertical, 2024-2029 (USD Million)
Table 93 North America: Human Capital Management Market, by Country, 2019-2023 (USD Million)
Table 94 North America: Human Capital Management Market, by Country, 2024-2029 (USD Million)
10.2.3 US
10.2.3.1 Expanding IT Industry to Enhance Employee Experience and Workforce Management Efficiency
Table 95 US: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 96 US: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 97 US: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 98 US: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 99 US: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 100 US: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 101 US: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 102 US: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 103 US: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 104 US: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.2.4 Canada
10.2.4.1 Increasing Popularity of Cloud Services, Need for Workforce Optimization, and Focus on Talent Mobility to Propel Market
Table 105 Canada: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 106 Canada: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 107 Canada: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 108 Canada: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 109 Canada: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 110 Canada: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 111 Canada: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 112 Canada: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 113 Canada: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 114 Canada: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.3 Europe
10.3.1 Europe: Human Capital Management Market Drivers
10.3.2 Europe: Recession Impact
Table 115 Europe: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 116 Europe: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 117 Europe: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 118 Europe: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 119 Europe: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 120 Europe: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 121 Europe: Human Capital Management Market, by Professional Service, 2019-2023 (USD Million)
Table 122 Europe: Human Capital Management Market, by Professional Service, 2024-2029 (USD Million)
Table 123 Europe: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 124 Europe: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 125 Europe: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 126 Europe: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
Table 127 Europe: Human Capital Management Market, by Vertical, 2019-2023 (USD Million)
Table 128 Europe: Human Capital Management Market, by Vertical, 2024-2029 (USD Million)
Table 129 Europe: Human Capital Management Market, by Country, 2019-2023 (USD Million)
Table 130 Europe: Human Capital Management Market, by Country, 2024-2029 (USD Million)
10.3.3 UK
10.3.3.1 Focus on Workforce Analytics and Keen Adoption of Advanced Technology to Spur Market Growth
Table 131 UK: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 132 UK: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 133 UK: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 134 UK: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 135 UK: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 136 UK: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 137 UK: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 138 UK: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 139 UK: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 140 UK: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.3.4 Germany
10.3.4.1 Presence of Major Hcm Software Providers and Need for Data Protection and Compliance to Accelerate Market Growth
Table 141 Germany: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 142 Germany: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 143 Germany: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 144 Germany: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 145 Germany: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 146 Germany: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 147 Germany: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 148 Germany: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 149 Germany: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 150 Germany: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.3.5 France
10.3.5.1 Rising Adoption of Cloud-based Hcm Solutions and Focus on Data Security and Compliance and Employee Self-Service Features to Boost Market Growth
Table 151 France: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 152 France: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 153 France: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 154 France: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 155 France: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 156 France: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 157 France: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 158 France: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 159 France: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 160 France: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.3.6 Italy
10.3.6.1 Concerns About Data Security and Compliance to Fuel Demand for Hcm Solutions
Table 161 Italy: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 162 Italy: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 163 Italy: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 164 Italy: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 165 Italy: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 166 Italy: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 167 Italy: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 168 Italy: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 169 Italy: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 170 Italy: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.3.7 Rest of Europe
Table 171 Rest of Europe: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 172 Rest of Europe: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 173 Rest of Europe: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 174 Rest of Europe: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 175 Rest of Europe: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 176 Rest of Europe: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 177 Rest of Europe: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 178 Rest of Europe: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 179 Rest of Europe: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 180 Rest of Europe: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.4 Asia-Pacific
10.4.1 Asia-Pacific: Human Capital Management Market Drivers
10.4.2 Asia-Pacific: Recession Impact
Figure 41 Asia-Pacific: Market Snapshot
Table 181 Asia-Pacific: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 182 Asia-Pacific: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 183 Asia-Pacific: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 184 Asia-Pacific: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 185 Asia-Pacific: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 186 Asia-Pacific: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 187 Asia-Pacific: Human Capital Management Market, by Professional Service, 2019-2023 (USD Million)
Table 188 Asia-Pacific: Human Capital Management Market, by Professional Service, 2024-2029 (USD Million)
Table 189 Asia-Pacific: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 190 Asia-Pacific: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 191 Asia-Pacific: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 192 Asia-Pacific: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
Table 193 Asia-Pacific: Human Capital Management Market, by Vertical, 2019-2023 (USD Million)
Table 194 Asia-Pacific: Human Capital Management Market, by Vertical, 2024-2029 (USD Million)
Table 195 Asia-Pacific: Human Capital Management Market, by Country, 2019-2023 (USD Million)
Table 196 Asia-Pacific: Human Capital Management Market, by Country, 2024-2029 (USD Million)
10.4.3 China
10.4.3.1 Need to Maintain Competitive Market Position, Stable Economy, and Availability of Skilled Labor to Drive Market
Table 197 China: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 198 China: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 199 China: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 200 China: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 201 China: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 202 China: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 203 China: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 204 China: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 205 China: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 206 China: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.4.4 Japan
10.4.4.1 Need to Review Employee Performance, Streamline Employee Onboarding, and Improve Employee Experience to Propel Market
Table 207 Japan: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 208 Japan: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 209 Japan: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 210 Japan: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 211 Japan: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 212 Japan: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 213 Japan: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 214 Japan: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 215 Japan: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 216 Japan: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.4.5 Australia & New Zealand
10.4.5.1 Adoption of Cloud-based HR Management Software, Substantial Growth in Ecommerce Sector, and Rapid Globalization to Drive Market
Table 217 Australia & New Zealand: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 218 Australia & New Zealand: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 219 Australia & New Zealand: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 220 Australia & New Zealand: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 221 Australia & New Zealand: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 222 Australia & New Zealand: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 223 Australia & New Zealand: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 224 Australia & New Zealand: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 225 Australia & New Zealand: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 226 Australia & New Zealand: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.4.6 India
10.4.6.1 Drivers
10.4.6.1.1 Increasing Globalization of Businesses Necessitates Efficient Hcm Strategies to Adapt to Diverse Workforce Dynamics
10.4.6.1.2 Younger Workforce Reshaping Expectations of Workplace Culture
10.4.6.1.3 Growing Focus on Employee Well-Being Programs for Improving Work-Life Balance
10.4.6.2 Restraints
10.4.6.2.1 Rapid Job Switching Among Employees
10.4.6.3 Opportunities
10.4.6.3.1 Increasing Adoption of Advanced Technologies Enabling Informed Decision-Making
10.4.6.3.2 Mobile-Responsive Hcm Software Improving Productivity
10.4.6.4 Challenges
10.4.6.4.1 Complex Labor Laws and Regulation Poses Challenges for Compliance
Table 227 India: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 228 India: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 229 India: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 230 India: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 231 India: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 232 India: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 233 India: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 234 India: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 235 India: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 236 India: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.4.7 Rest of Asia-Pacific
Table 237 Rest of Asia-Pacific: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 238 Rest of Asia-Pacific: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 239 Rest of Asia-Pacific: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 240 Rest of Asia-Pacific: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 241 Rest of Asia-Pacific: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 242 Rest of Asia-Pacific: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 243 Rest of Asia-Pacific: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 244 Rest of Asia-Pacific: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 245 Rest of Asia-Pacific: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 246 Rest of Asia-Pacific: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.5 Middle East & Africa
10.5.1 Middle East & Africa: Human Capital Management Market Drivers
10.5.2 Middle East & Africa: Recession Impact
Table 247 Middle East & Africa: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 248 Middle East & Africa: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 249 Middle East & Africa: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 250 Middle East & Africa: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 251 Middle East & Africa: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 252 Middle East & Africa: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 253 Middle East & Africa: Human Capital Management Market, by Professional Service, 2019-2023 (USD Million)
Table 254 Middle East & Africa: Human Capital Management Market, by Professional Service, 2024-2029 (USD Million)
Table 255 Middle East & Africa: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 256 Middle East & Africa: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 257 Middle East & Africa: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 258 Middle East & Africa: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
Table 259 Middle East & Africa: Human Capital Management Market, by Vertical, 2019-2023 (USD Million)
Table 260 Middle East & Africa: Human Capital Management Market, by Vertical, 2024-2029 (USD Million)
Table 261 Middle East & Africa: Human Capital Management Market, by Country/Region, 2019-2023 (USD Million)
Table 262 Middle East & Africa: Human Capital Management Market, by Country/Region, 2024-2029 (USD Million)
10.5.3 GCC Countries
10.5.3.1 Huge Demand for Outsourcing to Foster Market Growth
Table 263 GCC Countries: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 264 GCC Countries: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 265 GCC Countries: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 266 GCC Countries: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 267 GCC Countries: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 268 GCC Countries: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 269 GCC Countries: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 270 GCC Countries: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 271 GCC Countries: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 272 GCC Countries: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
Table 273 GCC Countries: Human Capital Management Market, by Country, 2019-2023 (USD Million)
Table 274 GCC Countries: Human Capital Management Market, by Country, 2024-2029 (USD Million)
10.5.3.2 Saudi Arabia
10.5.3.3 UAE
10.5.3.4 Rest of GCC Countries
10.5.4 South Africa
10.5.4.1 Growing Use of Cloud Services to Boost Adoption of Hcm
Table 275 South Africa: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 276 South Africa: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 277 South Africa: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 278 South Africa: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 279 South Africa: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 280 South Africa: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 281 South Africa: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 282 South Africa: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 283 South Africa: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 284 South Africa: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.5.5 Rest of Middle East & Africa
Table 285 Rest of Middle East & Africa: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 286 Rest of Middle East & Africa: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 287 Rest of Middle East & Africa: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 288 Rest of Middle East & Africa: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 289 Rest of Middle East & Africa: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 290 Rest of Middle East & Africa: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 291 Rest of Middle East & Africa: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 292 Rest of Middle East & Africa: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 293 Rest of Middle East & Africa: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 294 Rest of Middle East & Africa: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.6 Latin America
10.6.1 Latin America: Human Capital Management Market Drivers
10.6.2 Latin America: Recession Impact
Table 295 Latin America: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 296 Latin America: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 297 Latin America: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 298 Latin America: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 299 Latin America: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 300 Latin America: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 301 Latin America: Human Capital Management Market, by Professional Service, 2019-2023 (USD Million)
Table 302 Latin America: Human Capital Management Market, by Professional Service, 2024-2029 (USD Million)
Table 303 Latin America: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 304 Latin America: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 305 Latin America: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 306 Latin America: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
Table 307 Latin America: Human Capital Management Market, by Vertical, 2019-2023 (USD Million)
Table 308 Latin America: Human Capital Management Market, by Vertical, 2024-2029 (USD Million)
Table 309 Latin America: Human Capital Management Market, by Country, 2019-2023 (USD Million)
Table 310 Latin America: Human Capital Management Market, by Country, 2024-2029 (USD Million)
10.6.3 Brazil
10.6.3.1 Need for Centralized Platform to Automate and Streamline HR Processes to Boost Demand for Hcm Solutions
Table 311 Brazil: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 312 Brazil: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 313 Brazil: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 314 Brazil: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 315 Brazil: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 316 Brazil: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 317 Brazil: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 318 Brazil: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 319 Brazil: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 320 Brazil: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.6.4 Mexico
10.6.4.1 Growing Focus on Improving Business Operations to Drive Market
Table 321 Mexico: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 322 Mexico: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 323 Mexico: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 324 Mexico: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 325 Mexico: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 326 Mexico: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 327 Mexico: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 328 Mexico: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 329 Mexico: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 330 Mexico: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)
10.6.5 Rest of Latin America
Table 331 Rest of Latin America: Human Capital Management Market, by Offering, 2019-2023 (USD Million)
Table 332 Rest of Latin America: Human Capital Management Market, by Offering, 2024-2029 (USD Million)
Table 333 Rest of Latin America: Human Capital Management Market, by Software, 2019-2023 (USD Million)
Table 334 Rest of Latin America: Human Capital Management Market, by Software, 2024-2029 (USD Million)
Table 335 Rest of Latin America: Human Capital Management Market, by Service, 2019-2023 (USD Million)
Table 336 Rest of Latin America: Human Capital Management Market, by Service, 2024-2029 (USD Million)
Table 337 Rest of Latin America: Human Capital Management Market, by Deployment Model, 2019-2023 (USD Million)
Table 338 Rest of Latin America: Human Capital Management Market, by Deployment Model, 2024-2029 (USD Million)
Table 339 Rest of Latin America: Human Capital Management Market, by Organization Size, 2019-2023 (USD Million)
Table 340 Rest of Latin America: Human Capital Management Market, by Organization Size, 2024-2029 (USD Million)

11 Competitive Landscape

11.1 Overview
11.2 Key Player Strategies/Right to Win
Table 341 Overview of Strategies Adopted by Human Capital Management Vendors
11.3 Revenue Analysis
Figure 42 Top 5 Players Dominating Market in Last 5 Years
11.4 Market Share Analysis
Figure 43 Share of Leading Companies in Human Capital Management Market in 2023
Table 342 Human Capital Management Market: Degree of Competition
11.5 Product/Brand Comparison
Figure 44 Vendor Products/Brands Comparison
11.6 Company Evaluation Matrix: Key Players, 2023
Figure 45 Company Evaluation Matrix for Key Players: Criteria Weightage
11.6.1 Stars
11.6.2 Emerging Leaders
11.6.3 Pervasive Players
11.6.4 Participants
Figure 46 Human Capital Management Market: Company Evaluation Matrix (Key Players), 2023
11.6.5 Company Footprint: Key Players, 2023
Figure 47 Human Capital Management Market: Overall Company Footprint
Table 343 Human Capital Management Market: Regional Footprint
Table 344 Human Capital Management Market: Offering Footprint
Table 345 Human Capital Management Market: Deployment Model Footprint
Table 346 Human Capital Management Market: Vertical Footprint
11.7 Company Evaluation Matrix: Start-Ups/SMEs, 2023
Figure 48 Company Evaluation Matrix for Start-Ups/SMEs: Criteria Weightage
Figure 49 Human Capital Management Market: Company Evaluation Matrix (Start-Ups/SMEs), 2023
11.7.1 Progressive Companies
11.7.2 Responsive Companies
11.7.3 Dynamic Companies
11.7.4 Starting Blocks
11.7.5 Competitive Benchmarking: Start-Ups/SMEs, 2023
Table 347 Human Capital Management Market: Key Start-Ups/SMEs
Table 348 Human Capital Management Market: Competitive Benchmarking of Key Start-Ups/SMEs
11.8 Company Valuation and Financial Metrics of Key Vendors
Figure 50 Company Valuation and Financial Metrics of Key Vendors
11.9 Competitive Scenario & Trends
11.9.1 Product Launches and Enhancements
Table 349 Human Capital Management Market: Product Launches and Enhancements, October 2020-December 2023
11.9.2 Deals
Table 350 Human Capital Management Market: Deals, September 2022-January 2024

12 Company Profiles

12.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats)*
12.1.1 Workday
Table 351 Workday: Company Overview
Figure 51 Workday: Company Snapshot
Table 352 Workday: Products/Solutions/Services Offered
Table 353 Workday: Product Launches and Enhancements
Table 354 Workday: Deals
12.1.2 Ukg
Table 355 Ukg: Company Overview
Table 356 Ukg: Products/Solutions/Services Offered
Table 357 Ukg: Product Launches and Enhancements
Table 358 Ukg: Deals
12.1.3 Oracle
Table 359 Oracle: Company Overview
Figure 52 Oracle: Company Snapshot
Table 360 Oracle: Products/Solutions/Services Offered
Table 361 Oracle: Product Launches and Enhancements
Table 362 Oracle: Deals
12.1.4 SAP
Table 363 SAP: Company Overview
Figure 53 SAP: Company Snapshot
Table 364 SAP: Products/Solutions/Services Offered
Table 365 SAP: Product Launches and Enhancements
Table 366 SAP: Deals
12.1.5 Dayforce
Table 367 Dayforce: Company Overview
Figure 54 Dayforce: Company Snapshot
Table 368 Dayforce: Products/Solutions/Services Offered
Table 369 Dayforce: Product Launches and Enhancements
Table 370 Dayforce: Deals
12.1.6 Adp
Table 371 Adp: Company Overview
Figure 55 Adp: Company Snapshot
Table 372 Adp: Products/Solutions/Services Offered
Table 373 Adp: Product Launches and Enhancements
Table 374 Adp: Deals
12.1.7 Paylocity
Table 375 Paylocity: Company Overview
Figure 56 Paylocity: Company Snapshot
Table 376 Paylocity: Products/Solutions/Services Offered
Table 377 Paylocity: Product Launches and Enhancements
Table 378 Paylocity: Deals
12.1.8 Paycom
Table 379 Paycom: Company Overview
Figure 57 Paycom: Company Snapshot
Table 380 Paycom: Products/Solutions/Services Offered
Table 381 Paycom: Product Launches and Enhancements
12.1.9 Cornerstone
Table 382 Cornerstone: Company Overview
Table 383 Cornerstone: Products/Solutions/Services Offered
Table 384 Cornerstone: Product Launches and Enhancements
Table 385 Cornerstone: Deals
12.1.10 Microsoft
Table 386 Microsoft: Company Overview
Figure 58 Microsoft: Company Snapshot
Table 387 Microsoft: Products/Solutions/Services Offered
Table 388 Microsoft: Product Launches and Enhancements
Table 389 Microsoft: Deals
12.2 Other Key Players
12.2.1 IBM
12.2.2 Cegid
12.2.3 Peoplestrategy
12.2.4 Infor
12.2.5 Ramco System
12.2.6 Bamboohr
12.2.7 Namely
12.2.8 Workforce Software
12.2.9 Zoho People
12.2.10 Sage Group
12.2.11 Epicor Software
12.2.12 Bitrix24
12.2.13 Gusto
12.2.14 Benefitfocus
12.2.15 Webhr
12.2.16 Employwise
12.2.17 Sympa
12.2.18 Clayhr
12.2.19 Hcm Deck
12.2.20 Akrivia Hcm
12.2.21 Kenz Innovation
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies

13 Adjacent/Related Markets

13.1 Introduction
Table 390 Adjacent Markets and Forecasts
13.2 Limitations
13.3 Human Capital Management Market Ecosystem and Adjacent Markets
13.4 Core HR Software Market
13.4.1 Core HR Software Market, by Component
Table 391 Core HR Software Market, by Component, 2018-2022 (USD Million)
Table 392 Core HR Software Market, by Component, 2023-2028 (USD Million)
13.4.2 Core HR Software Market, by Software
Table 393 Core HR Software Market, by Software, 2018-2022 (USD Million)
Table 394 Core HR Software Market, by Software, 2023-2028 (USD Million)
13.4.3 Core HR Software Market, by Service
Table 395 Core HR Software Market, by Service, 2018-2022 (USD Million)
Table 396 Core HR Software Market, by Service, 2023-2028 (USD Million)
13.5 Workforce Management Market
13.5.1 Workforce Management Market, by Solution
Table 397 Workforce Management Market, by Solution, 2018-2025 (USD Million)
13.5.2 Workforce Management Market, by Service
Table 398 Workforce Management Market, by Service, 2018-2025 (USD Million)

14 Appendix

14.1 Discussion Guide
14.2 Knowledgestore: The Subscription Portal
14.3 Customization Options

Companies Mentioned

Workday
Ukg
Oracle
SAP
Dayforce
Adp
Paylocity
Paycom
Cornerstone
Microsoft
IBM
Cegid
Peoplestrategy
Infor
Ramco System
Bamboohr
Namely
Workforce Software
Zoho People
Sage Group
Epicor Software
Bitrix24
Gusto
Benefitfocus
Webhr
Employwise
Sympa
Clayhr
Hcm Deck
Akrivia Hcm
Kenz Innovation

Methodology

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Table Information

Report Attribute	Details
No. of Pages	295
Published	April 2024
Forecast Period	2024 - 2029
Estimated Market Value ( USD ) in 2024	$ 27.5 Billion
Forecasted Market Value ( USD ) by 2029	$ 41.3 Billion
Compound Annual Growth Rate	8.5%
Regions Covered	Global
No. of Companies Mentioned	31

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Human Capital Management Market by Offering (Software (Core HR, ATS, HR Analytics, and Workforce Management) and Services), Deployment Model, Organization Size, Vertical (BFSI, Manufacturing, IT & Telecom, Government) & Region - Forecast to 2029

As per the organization size, SMEs are expected to grow at the second highest CAGR during the forecast period.

As per the software, CoreHR is expected to hold the highest market share during the forecast period.

As per vertical, the healthcare & life sciences vertical will grow at the second highest CAGR in 2024.

The breakup of the profiles of the primary participants is below:

Research coverage:

Reasons to buy this report:

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Methodology

Table Information

As per the organization size, SMEs are expected to grow at the second highest CAGR during the forecast period.

As per the software, CoreHR is expected to hold the highest market share during the forecast period.

As per vertical, the healthcare & life sciences vertical will grow at the second highest CAGR in 2024.

The breakup of the profiles of the primary participants is below:

Research coverage:

Reasons to buy this report:

The report provides insights on the following pointers:

Table of Contents

Companies Mentioned

Methodology

Table Information

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