Human Capital Management Market (HCM) - 9.6% CAGR to 2021 Led by Core HR Segment

Jul 07, 2016, 12:45 ET from RnR Market Research

PUNE, India, July 7, 2016 /PRNewswire/ --

Global human capital management (HCM) market is forecast to grow from $12.59 billion in 2016 to $19.88 billion by 2021, at a CAGR of 9.6% driven by growing demand for integrated high performance software among users for HCM solutions while Core HR is expected to be the largest solution segment in terms of market size.

Complete report on global human capital management (HCM) market spread across 191 pages, profiling 10 companies and supported with 69 tables and 72 figures is now available .

Human capital management (HCM) solutions enable organizations to standardize HR management processes, such as talent management, payroll, and workforce planning and analytics. The human capital management (HCM) solutions easily integrate with mobile applications, enabling users to manage time and attendance, benefit plan information, and performance from virtually any device. The speedy growth of mobile applications is also driving the human capital management (HCM) market as it offers a secure and convenient platform for anytime and anywhere access across devices.

The core HR solution is estimated to contribute the largest market share during the forecast period. Furthermore, as personnel tracking and HR organizations setup activities are linked, the demand for this solution is expected to further grow than other solutions such as workforce planning and analytics. Additionally, the core HR solution allows organizations to achieve error-free employee records and processes along with assisting the end users to make asset management and reporting easier and meaningful.

APAC is growing at the highest rate in comparison to other regions. Moreover, countries in the region, mainly Australia, Japan, Singapore, and China, are prominently adopting advanced technologies and solutions within the organizations to increase profits and enhance customer satisfaction.

Moreover, the adoption of emerging technologies and the economic growth of countries such as India and China are further driving the adoption of human capital management (HCM) solutions and services. North America is expected to be the largest revenue generating region, followed by Europe, whereas APAC and Latin America are expected to be emerging potential markets for human capital management (HCM) solutions and services.

The companies profiled in this report include SAP SE, Oracle Corporation, IBM Corporation, Epicor Software Corporation, Infor, Cornerstone On Demand, Automatic Data Processing (ADP), NetSuite, Ultimate Software, Ceridian, Fairsail, Halogen Software and Lumesse. Order a copy of Human Capital Management Market by Solution (Core HR, Talent Management, Payroll and Tax, Workforce Planning and Analytics, Recruiting), Service (Implementation, Training, and Consulting), Deployment, User, Industry Vertical and Region - Global Forecast to 2021 research report available at .

In the process of determining and verifying, the global HCM market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (60%), Directors Level (25%) and others (15%) from various key organizations operating in the global HCM market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), Asia-Pacific (40%) and ROW (30%).

On a related note, another research on Advanced Distribution Management System Market Global Forecast to 2021 says, the ADMS market size is estimated to grow from USD 687.2 million in 2015 to USD 1,788.4 million by 2021, at a Compound Annual Growth Rate (CAGR) of 21.1% due to the increasing adoption of smart grids across the world. System integration services segment is expected to dominate the market during the forecast period. APAC is to witness highest growth during 2016-2021. Companies like ABB Group, Oracle Corporation, General Electric Company, Schneider Electric SE, Siemens SE, Indra Sistemas, Survalent Technology, Advanced Control Systems, Open Systems, International, Inc. andETAP/ Operation Technology, Inc. have been profiled in this 112 pages research report available at .

Explore more reports on Information Technology & Telecommunication market at .

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SOURCE RnR Market Research