Increasing integration of Robot Process Automation with HR solutions and rising demand for cloud-based business models & talent mobility for workforce planning are key factors driving market revenue growth

Human Capital Management Market Analysis: Opportunities and Challenges

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The global Human Capital Management (HCM) market size reached USD 18.04 billion in 2020 and is expected to register a revenue CAGR of 7.9% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of cloud-based Human Capital Management (HCM) solutions is expected to support market revenue growth between 2021 and 2028. Besides, increasing integration of Robot Process Automation (RPA) with HR solutions will boost market growth. Currently, demand for cloud-based business models and talent mobility for workforce planning has increased at a rapid pace. Many businesses in various industries, including BFSI, healthcare, manufacturing, retail, telecommunications & Information Technology (IT), media & entertainment, and others are rapidly adopting cloud-based HCM solutions. Such solutions ensure secure access to various administrative functions through an innovative HR employee access portal. It further enables employees to access data remotely using smartphones and computers. These are some major factors driving growth of the global Human Capital Management (HCM) market revenue.

It also provides thorough coverage of various strategic alliances, including partnerships, joint ventures, product launches, brand promotions, and mergers and acquisitions. Moving forward, it is anticipated that important strategic collaborations for product development and innovations would help the market flourish. The leading market rivals, as well as their growth plans and company strategies, are also thoroughly examined in the study.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Microsoft Corporation, Workday, Inc., Automatic Data Processing, Inc., Ceridian HCM, Inc., Oracle Corporation, Cornerstone OnDemand, Inc., Ultimate Software Group, Inc., International Business Machines Corporation, SumTotal Systems, Inc., and Kronos Incorporated

Research Report on the Human Capital Management Market Addresses the Following Key Questions:

Who are the dominant players of the Human Capital Management market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the Human Capital Management market?

What are the key growth drivers and restraining factors of the Human Capital Management market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the Human Capital Management market and its key segments?

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Emergen Research has segmented the global Human Capital Management market on the basis of type, type of care, and region

Offering Outlook (Revenue, USD Billion; 2018–2028)

SoftwarePayroll ManagementWorkforce ManagementTalent ManagementApplicant Tracking SystemCore HRHR Analytics

Deployment Outlook (Revenue, USD Billion; 2018–2028)

Organization Size Outlook (Revenue, USD Billion; 2018–2028)

Small and Medium-sized Enterprises (SMEs)

In conclusion, the Human Capital Management Market report is an exhaustive database that will help readers formulate lucrative strategies. The Human Capital Management Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Human Capital Management market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Human Capital Management with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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