Human Capital Management (HCM) Software Market Size, Complete Study of Current Trends and Forecast 2016-2022

“Human Capital Management (HCM) Software Market”
Global Human Capital Management Software Market Information, by Deployment (On Premise, On Cloud), by Applications (Analytics, Payroll, HR Planning), by End Users (BFSI, Manufacturing, Healthcare, Telecom, Energy, Retail)- Forecast 2016-2022

Human capital management software supports in maintaining records of recruitment, onboarding, training, and performance management. Human Capital Management Software is the easy solution which allows the human resources department to manage the tasks more effectively. This software is a combination of HRM with information technology where software makes the task easy and more efficient. By the deployment, a HR person can monitor each and every employees and their performance throughout and take the appropriate decisions.

 

Key players

  • Oracle Corporation (U.S.)
  • SAP SE (Germany)
  • IBM (U.S.)
  • NetSuite Inc. (U.S.)
  • Workday, Inc. (U.S.)
  • Ultimate Software Group, Inc. (U.S.)
  • ADP, LLC (U.S.)
  • Cornerstone OnDemand (U.S.)
  • Benefitfocus Inc. (U.S.)

 

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Market Segmentation

Segmentation by Deployment

  • On Premise
  • On Cloud

 

Segmentation by Applications

  • Analytics
  • Training
  • Recruitment
  • Payroll
  • HR Planning

 

Segmentation by End Users

  • BFSI
  • Manufacturing
  • Healthcare
  • Telecom
  • Energy
  • Retail
  • Logistics and Transportation

 

Market Scenario

Human capital management (HCM) is the set of practices, which focuses on providing specific competencies in the organization such as workforce acquisition, management, and optimization. With the growing organization infrastructure there is a rapid growth in the manpower which leads to the increase in documentation.  Human Capital Management Software is the easy solution which allows the human resources department to manage the tasks more effectively. This software is a combination of HRM with information technology where software makes the task easy and more efficient. The HCM Software supports the HR person in monitoring employees and their performance throughout and takes the appropriate decisions.

 

Industry News

  • In June 2016, Benefitfocus Inc. announced the new update of its summer 2016 software with the feature of crowdsourcing.
  • In September 2016, Cornerstone OnDemand announced the launch of people analytics suite which will helps the organizations to create accurate hiring plans in different course of time.

 

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Target Audience

  • Software Developers
  • Manufacturing Companies
  • Energy Generation Companies
  • Human Resources Department
  • Talent acquisition organization

 

Regional Analysis

Currently, North America is dominating the HCM Software Market with the market share XX%. Higher employment ratio in the North American countries led to the higher adoption of this software. High efficiency rate of this software’s is also pushing the market to rise. Europe holds XX% of market share with the support of developed countries such as France, Germany, Italy among others and higher employment ratio. The Asia-Pacific human capital management software market is expected to grow due to economic growth in this region. Government initiative and liberal policies are inviting major big players in this region resulting high employment ratio. Asia-Pacific Human Capital Management Software Market has been valued at US $XX million in the year 2015 which is expected to grow at US $XX million by end of forecasted period. 

 

Table of Content

1. Report prologue

2.  Introduction

2.1 Definition

2.2 Scope of the study

2.2.1 Research objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market structure

3. Research Methodology

3.1 Research process

3.2 Primary research

3.3 Secondary research

3.4 Market size estimation

3.5 Forecast model

4. Market Dynamics

4.1   Drivers

4.2   Restraints

4.3   Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

5. Market factor analysis

5.1 Value chain analysis/Supply chain analysis

5.2 Porters five forces

5.2.1. Bargaining Power of suppliers

5.2.2. Bargaining Power of Customer

5.2.3. Intensity of Competitor’s

5.2.4. Threat of New Entrants

5.2.5 Threat of Substitutes

Continue………..

 

The report for Global Human Capital Management Software Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

 

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