NEW YORK, July 16, 2015 /PRNewswire/ -- The HCM market is an emerging technology with range of developments reshaping the organizational structure through constant changes in the management of human resource. HCM has gained significant traction across all the major regions due to the increasing demand of better solutions by the enterprise user.
The growing demand for software solutions and the emerging advancements in digital technology are visibly driving the market for HCM. Industry verticals such as manufacturing, retail, healthcare, automotive BFSI, and education are progressively deploying HCM for improving the overall lifecycle of the employees within the organization.
Strategic software vendors, namely Ceredian, Orgvue, and Workday among various others are offering HCM to present definite set of recommendations from the end users that would help organizations in better resource management for future workforce planning.
The major restraints in this market are lack of awareness about the HCM software among enterprises and the constant need to maintain compliance. This report analyzes the growth rate and penetration of HCM across all regions.
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. For instance, exchange rate is one of the economic factors which are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging Asia-Pacific (APAC) regions.
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the market into services, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across different industry verticals and regions.
2. This report will help them better understand the competitors and gain more insights to better position one's business. There is a separate section on competitive landscape, includingend-user analysis, mergers and acquisitions, and venture capital funding. Besides this, there are company profiles of the ten major players in this market. In this section, market internals are provided that can help place one's company ahead of the competitors.
3. The report helps them understand the pulse of the market. The report provides information on key market drivers, restraints, challenges, and opportunities.
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