Human capital management (HCM) solutions market to grow at a CAGR of 8.45% by 2027: North America will account for 34% of the market's growth - Technavio

NEW YORK, Feb. 20, 2023 /PRNewswire/ -- The Human Capital Management Solutions Market by Application, Component and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 8.45% and register an incremental growth of USD 11,195.8 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF Sample Report

Regional Analysis

By region, the global human capital management (HCM) solutions market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. North America will account for 34% of the market's growth during the forecast period. The growth in job opportunities and an increase in the number of job seekers due to globalization, wider penetration of social media in recruitment processes, and increased need for cost optimization are driving the growth of the regional market.

Company Profiles

The human capital management (HCM) solutions market report includes information on the key products and recent developments of leading vendors, including:

• Automatic Data Processing Inc: The company offers human capital management solutions such as payroll, HR productivity, and higher payroll accuracy.
• Cegid SA: The company offers human capital management solutions such as Cegid Talentsoft.
• Ceridian HCM Holding Inc: The company offers human capital management solutions such as Dayforce enterprise HCM software which combines payroll, HR, benefits, talent, and workforce management.
• Cognizant Technology Solutions Corp: The company offers human capital management solutions such as HCM Center of Excellence.
• Inplenion: The company offers human capital management solutions such as Global HR Cloud.
• Koch Industries Inc.
• Kronos Inc.
• OnePoint Human Capital Management
• Oracle Corp.
• PeopleStrategy Corp.
• Ramco Systems Ltd.
• Safeguard World International LLC
• SAP SE
• SolutionDot
• To gain access to more vendor profiles available with Technavio, buy the report!

Market Dynamics

The market is driven by factors such as the rising demand for automated recruitment processes, increasing demand for unified solutions for all HR functions, and increasing workforce diversity. However, the increasing workforce diversity is hindering market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Request a Sample

Market Segmentation

• By application, the market is segmented into core HR, talent, and workforce. The core HR segment accounted for the largest share of the market during the forecast period.
• By geography, the market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. North America held the largest share of the market during the forecast period.

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What are the key data covered in this human capital management (HCM) solutions market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the human capital management (HCM) solutions market between 2023 and 2027
• Precise estimation of the size of the human capital management (HCM) solutions market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the human capital management (HCM) solutions markets across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of human capital management (HCM) solutions market vendors

Human Capital Management (HCM) Solutions Market Scope

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global human capital management (HCM) solutions market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global human capital management (HCM) solutions market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Component Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Core HR - Market size and forecast 2022-2027
• Exhibit 34: Chart on Core HR - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Core HR - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Core HR - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Core HR - Year-over-year growth 2022-2027 (%)

• 6.4 Talent - Market size and forecast 2022-2027
• Exhibit 38: Chart on Talent - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Talent - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Talent - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Talent - Year-over-year growth 2022-2027 (%)

• 6.5 Workforce - Market size and forecast 2022-2027
• Exhibit 42: Chart on Workforce - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Workforce - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Workforce - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Workforce - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)

7 Market Segmentation by Component

• 7.1 Market segments 
• Exhibit 47: Chart on Component - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 49: Chart on Comparison by Component
• Exhibit 50: Data Table on Comparison by Component

• 7.3 Solution - Market size and forecast 2022-2027
• Exhibit 51: Chart on Solution - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Solution - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Solution - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Solution - Year-over-year growth 2022-2027 (%)

• 7.4 Service - Market size and forecast 2022-2027
• Exhibit 55: Chart on Service - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Service - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Service - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Service - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Component 
• Exhibit 59: Market opportunity by Component ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Asure Software Inc. 
• Exhibit 112: Asure Software Inc. - Overview
• Exhibit 113: Asure Software Inc. - Product / Service
• Exhibit 114: Asure Software Inc. - Key offerings

• 12.4 Automatic Data Processing Inc. 
• Exhibit 115: Automatic Data Processing Inc. - Overview
• Exhibit 116: Automatic Data Processing Inc. - Business segments
• Exhibit 117: Automatic Data Processing Inc. - Key news
• Exhibit 118: Automatic Data Processing Inc. - Key offerings
• Exhibit 119: Automatic Data Processing Inc. - Segment focus

• 12.5 Cegid SA 
• Exhibit 120: Cegid SA - Overview
• Exhibit 121: Cegid SA - Product / Service
• Exhibit 122: Cegid SA - Key offerings

• 12.6 Ceridian HCM Holding Inc. 
• Exhibit 123: Ceridian HCM Holding Inc. - Overview
• Exhibit 124: Ceridian HCM Holding Inc. - Product / Service
• Exhibit 125: Ceridian HCM Holding Inc. - Key news
• Exhibit 126: Ceridian HCM Holding Inc. - Key offerings

• 12.7 Cognizant Technology Solutions Corp. 
• Exhibit 127: Cognizant Technology Solutions Corp. - Overview
• Exhibit 128: Cognizant Technology Solutions Corp. - Business segments
• Exhibit 129: Cognizant Technology Solutions Corp. - Key news
• Exhibit 130: Cognizant Technology Solutions Corp. - Key offerings
• Exhibit 131: Cognizant Technology Solutions Corp. - Segment focus

• 12.8 Inplenion 
• Exhibit 132: Inplenion - Overview
• Exhibit 133: Inplenion - Product / Service
• Exhibit 134: Inplenion - Key offerings

• 12.9 Koch Industries Inc. 
• Exhibit 135: Koch Industries Inc. - Overview
• Exhibit 136: Koch Industries Inc. - Product / Service
• Exhibit 137: Koch Industries Inc. - Key news
• Exhibit 138: Koch Industries Inc. - Key offerings

• 12.10 Kronos Inc. 
• Exhibit 139: Kronos Inc. - Overview
• Exhibit 140: Kronos Inc. - Product / Service
• Exhibit 141: Kronos Inc. - Key offerings

• 12.11 OnePoint Human Capital Management 
• Exhibit 142: OnePoint Human Capital Management - Overview
• Exhibit 143: OnePoint Human Capital Management - Product / Service
• Exhibit 144: OnePoint Human Capital Management - Key offerings

• 12.12 Oracle Corp. 
• Exhibit 145: Oracle Corp. - Overview
• Exhibit 146: Oracle Corp. - Business segments
• Exhibit 147: Oracle Corp. - Key news
• Exhibit 148: Oracle Corp. - Key offerings
• Exhibit 149: Oracle Corp. - Segment focus

• 12.13 Ramco Systems Ltd. 
• Exhibit 150: Ramco Systems Ltd. - Overview
• Exhibit 151: Ramco Systems Ltd. - Business segments
• Exhibit 152: Ramco Systems Ltd. - Key offerings
• Exhibit 153: Ramco Systems Ltd. - Segment focus

• 12.14 Safeguard World International LLC 
• Exhibit 154: Safeguard World International LLC - Overview
• Exhibit 155: Safeguard World International LLC - Product / Service
• Exhibit 156: Safeguard World International LLC - Key offerings

• 12.15 SAP SE 
• Exhibit 157: SAP SE - Overview
• Exhibit 158: SAP SE - Business segments
• Exhibit 159: SAP SE - Key news
• Exhibit 160: SAP SE - Key offerings
• Exhibit 161: SAP SE - Segment focus

• 12.16 Talentia Software Group 
• Exhibit 162: Talentia Software Group - Overview
• Exhibit 163: Talentia Software Group - Product / Service
• Exhibit 164: Talentia Software Group - Key offerings

• 12.17 Workday Inc. 
• Exhibit 165: Workday Inc. - Overview
• Exhibit 166: Workday Inc. - Product / Service
• Exhibit 167: Workday Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

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